Research and Development Expense (Annual) Chart

Historical Research and Development Expense (Annual) Data

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Date Value
December 31, 2023 1.183B
December 31, 2022 810.82M
Date Value
December 31, 2021 489.47M
December 31, 2020 3.276M

R&D Expense Definition

R&D expense is a line item from many companies' income statements.

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Research and Development Expense (Annual) Range, Past 5 Years

3.276M
Minimum
2020
1.183B
Maximum
2023
621.68M
Average
650.14M
Median

Research and Development Expense (Annual) Benchmarks

NIO Inc 1.899B
Li Auto Inc 1.497B
XPeng Inc 745.95M
Tesla Inc 3.969B
Rivian Automotive Inc 1.995B