Advent Technologies Holdings, Inc. (ADNH) Research & Development (2020 - 2025)
Advent Technologies Holdings (ADNH) reported Research & Development of $229,000 for Q3 2025, down 44.3% from $411,000 a year earlier and down 33.0% from the prior quarter.
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Analysis
Advent Technologies Holdings, Inc. (ADNH) Research & Development (2020 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Advent Technologies Holdings' Research & Development came in at $1.63 million, down 74.8% year-over-year; for FY2024, it was $3.23 million, down 57.4% from FY2023.
- Research & Development has a four-year compound annual growth rate of 136.8% (FY2020 to FY2024).
- By year, Research & Development came in at $7.57 million in FY2023 (-22.8%), $9.8 million in FY2022 (+176.6%), $3.54 million in FY2021 and $102,538 in FY2020.
- The Q3 2025 figure ranks as the lowest quarterly Research & Development since Q1 2021.
- Year over year, Research & Development has now declined in each of the last seven quarters, with an average decline of 48.5% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q2 2022 (growth of 313.5%); the low point was Q4 2024 (a decline of 82.2%).
- Per Business Quant data, the three quarters before Q3 2025 came in at $342,000 (Q2 2025), $356,000 (Q1 2025) and $704,000 (Q4 2024).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 229,000.00 |
| Jun 30, 2025 | 342,000.00 |
| Mar 31, 2025 | 356,000.00 |
| Dec 31, 2024 | 704,000.00 |
| Sep 30, 2024 | 411,000.00 |
| Jun 30, 2024 | 695,000.00 |
| Mar 31, 2024 | 1.42 Mn |
| Dec 31, 2023 | 3.96 Mn |
| Sep 30, 2023 | 1.20 Mn |
| Jun 30, 2023 | 2.88 Mn |
| Mar 31, 2023 | 3.14 Mn |
| Dec 31, 2022 | 2.46 Mn |
| Sep 30, 2022 | 2.55 Mn |
| Jun 30, 2022 | 2.64 Mn |
| Mar 31, 2022 | 2.15 Mn |
| Dec 31, 2021 | 1.98 Mn |
| Sep 30, 2021 | 893,000.00 |
| Jun 30, 2021 | 639,000.00 |
| Mar 31, 2021 | 29,000.00 |
| Dec 31, 2020 | 21,265.00 |
API Access
Advent Technologies Holdings, Inc. Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ADNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ADNH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ADNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();