HeartBeam (BEAT) Research & Development (2020 - 2026)
HeartBeam's Research & Development was $2.12 million in Q3 2026, down 35.4% from $3.28 million a year earlier and down 9.0% from the prior quarter.
Powered by 
Analysis
HeartBeam (BEAT) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, HeartBeam's Research & Development was $10.17 million through Sep 30, 2026, down 21.7% year-over-year; for FY2025, it came in at $13.45 million, up 21.7% from FY2024.
- Research & Development has now increased for three consecutive years, with a five-year compound annual growth rate of 151.8% (FY2020 to FY2025).
- In earlier years, Research & Development was $11.05 million in FY2024 (+62.6%), $6.8 million in FY2023 (+19.7%), $5.68 million in FY2022 and $255,000 in FY2021 (+91.7%).
- The Q3 2026 figure marks the lowest quarterly Research & Development since Q4 2023.
- Compared with a year earlier, Research & Development has declined for three straight quarters, with growth averaging 4.5% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was Q1 2023 (growth of 129.0%); the worst was Q3 2026 (a decline of 35.4%).
- Per Business Quant data, BEAT's Research & Development in the three quarters before Q3 2026 was $2.33 million (Q2 2026), $2.37 million (Q1 2026) and $3.35 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | - |
| 10 | HeartBeam | 25.33 Mn | 4.13 Mn | - | 2.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.12 Mn |
| Jun 30, 2026 | 2.33 Mn |
| Mar 31, 2026 | 2.37 Mn |
| Dec 31, 2025 | 3.35 Mn |
| Sep 30, 2025 | 3.28 Mn |
| Jun 30, 2025 | 3.33 Mn |
| Mar 31, 2025 | 3.49 Mn |
| Dec 31, 2024 | 2.89 Mn |
| Sep 30, 2024 | 2.89 Mn |
| Jun 30, 2024 | 2.84 Mn |
| Mar 31, 2024 | 2.43 Mn |
| Dec 31, 2023 | 2.01 Mn |
| Sep 30, 2023 | 1.62 Mn |
| Jun 30, 2023 | 1.48 Mn |
| Mar 31, 2023 | 1.68 Mn |
| Dec 31, 2022 | 1.64 Mn |
| Sep 30, 2022 | 1.56 Mn |
| Jun 30, 2022 | 1.74 Mn |
| Mar 31, 2022 | 734,000.00 |
| Dec 31, 2021 | 96,000.00 |
API Access
HeartBeam 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=BEAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BEAT", "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=BEAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();