HeartBeam (BEAT) Research & Development (2020 - 2026)
HeartBeam (BEAT) posted quarterly Research & Development of $2.4 million for Q1 2026, down 32.13% year-over-year from $3.5 million in Q1 2025, and down 29.34% quarter-over-quarter from $3.4 million in Q4 2025.
HeartBeam (BEAT) Research & Development (2020 - 2026) Analysis & Trends
HeartBeam (BEAT) has reported Research & Development for 7 consecutive years, with $2.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 32.13% year-over-year to $2.4 million; the TTM figure through Mar 2026 stood at $12.3 million (up 1.76% YoY), while the FY2025 annual figure was $13.4 million, up 21.71% from the prior year.
- Research & Development slipped to $2.4 million in Q1 2026 per BEAT's latest filing, from $3.4 million in the prior quarter.
- Across five years, Research & Development topped out at $3.5 million in Q1 2025 and bottomed at $734000.0 in Q1 2022.
- Historically, Research & Development has averaged $2.3 million across 5 years, with a median of $2.4 million in 2026.
- Annual changes were most pronounced in 2022 — Research & Development surged 6868.0% — and 2026, when it plunged 32.13%.
- HeartBeam's Research & Development stood at $1.6 million in 2022, then climbed by 22.49% to $2.0 million in 2023, then soared by 43.58% to $2.9 million in 2024, then increased by 16.22% to $3.4 million in 2025, then fell by 29.34% to $2.4 million in 2026.
- Business Quant data shows BEAT's Research & Development at $2.4 million in Q1 2026, $3.4 million in Q4 2025, and $3.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | HeartBeam | 28.17 Mn | 19.45 Mn | - | 2.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 105,000.00 |