Axogen (AXGN) Research & Development (2010 - 2026)
Axogen (AXGN) recorded Research & Development of $8.59 million in Q2 2026, up 25.3% from $6.85 million a year earlier and up 14.3% from the prior quarter.
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Analysis
Axogen (AXGN) Research & Development (2010 - 2026) Analysis & Trends
On a TTM basis, Axogen's Research & Development came in at $36.05 million as of Jun 30, 2026, up 35.3% year-over-year; for FY2025, it was $32.89 million, up 18.4% from FY2024.
- Annual Research & Development has increased for 15 straight years, with a five-year compound annual growth rate of 13.0% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $27.77 million in FY2024 (+1.6%), $27.34 million in FY2023 (+6.7%), $25.63 million in FY2022 (+6.0%) and $24.18 million in FY2021 (+35.5%).
- Quarterly Research & Development has ranged from $5.28 million in Q4 2022 to $12.38 million in Q4 2025 over the past five years.
- On a year-over-year basis, Research & Development has increased for five consecutive quarters, with growth averaging 15.6% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 84.6% in Q4 2025, against a decline of 17.8% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $7.52 million (Q1 2026), $12.38 million (Q4 2025) and $7.57 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 278.90 Mn |
| 10 | Axogen | 2.33 Bn | 2.04 Bn | 50.67 Mn | 8.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.59 Mn |
| Mar 31, 2026 | 7.52 Mn |
| Dec 31, 2025 | 12.38 Mn |
| Sep 30, 2025 | 7.57 Mn |
| Jun 30, 2025 | 6.85 Mn |
| Mar 31, 2025 | 6.09 Mn |
| Dec 31, 2024 | 6.70 Mn |
| Sep 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | 6.66 Mn |
| Mar 31, 2024 | 7.41 Mn |
| Dec 31, 2023 | 7.18 Mn |
| Sep 30, 2023 | 6.69 Mn |
| Jun 30, 2023 | 7.14 Mn |
| Mar 31, 2023 | 6.33 Mn |
| Dec 31, 2022 | 5.28 Mn |
| Sep 30, 2022 | 7.05 Mn |
| Jun 30, 2022 | 7.02 Mn |
| Mar 31, 2022 | 6.28 Mn |
| Dec 31, 2021 | 6.30 Mn |
| Sep 30, 2021 | 6.40 Mn |
API Access
Axogen 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=AXGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "AXGN", "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=AXGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();