Amarc Resources (AXREF) Research & Development (2009 - 2025)
Amarc Resources (AXREF) reported Research & Development of $172266.4 for Q4 2025, up 93.24% on a YoY basis from $89146.8 in Q4 2024, and up 704.73% quarter-over-quarter from $21406.7 in Q3 2025.
Amarc Resources (AXREF) Research & Development (2009 - 2025) Analysis & Trends
Amarc Resources has reported Research & Development for 17 years, with the latest figure at $172266.4 in Q4 2025.
- For the quarter ending Q4 2025, Research & Development rose 93.24% year-over-year to $172266.4; the trailing twelve-month figure through Dec 2025 stood at $297971.4 (up 71.7% YoY), and the FY2025 full-year result was $294328.7, up 13.34% from the prior year.
- Research & Development for Q4 2025 stood at $172266.4, up from $21406.7 in the prior quarter.
- The five-year high for Research & Development was $4.2 million in Q1 2022, with the low at $5374.0 in Q3 2024.
- Historically, Research & Development has averaged $308522.2 across 5 years, with a median of $45730.7 in 2023.
- Annual changes were most pronounced in 2021 — Research & Development jumped 877.48% — and 2023, when it tumbled 98.78%.
- Amarc Resources' Research & Development stood at $14995.6 in 2021, then surged by 159.01% to $38840.5 in 2022, then retreated by 8.05% to $35715.3 in 2023, then jumped by 149.6% to $89146.8 in 2024, then jumped by 93.24% to $172266.4 in 2025.
- The last three Research & Development figures came in at $172266.4 (Q4 2025), $21406.7 (Q3 2025), and $85354.8 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | - |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | - |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | 643,159.42 |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | 209.01 Mn |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | - |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 6.16 Mn |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | - |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | 9.97 Mn |
| 10 | Amarc Resources | - | - | - | 172,266.35 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 172,266.35 |
| Sep 30, 2025 | 21,406.67 |
| Jun 30, 2025 | 85,354.77 |
| Mar 31, 2025 | 18,943.58 |
| Dec 31, 2024 | 89,146.84 |
| Sep 30, 2024 | 5,374.01 |
| Jun 30, 2024 | 13,333.81 |
| Mar 31, 2024 | 65,690.38 |
| Dec 31, 2023 | 35,715.32 |
| Sep 30, 2023 | 82,776.65 |
| Jun 30, 2023 | 75,796.43 |
| Mar 31, 2023 | 50,802.35 |
| Dec 31, 2022 | 38,840.45 |
| Sep 30, 2022 | 40,659.02 |
| Jun 30, 2022 | 27,084.85 |
| Mar 31, 2022 | 4.18 Mn |
| Dec 31, 2021 | 14,995.64 |
| Sep 30, 2021 | 52,834.57 |
| Jun 30, 2021 | 9,435.29 |
| Mar 31, 2021 | 1.09 Mn |