BitVentures (BVC) Research & Development (2020 - 2023)
BitVentures (BVC) posted quarterly Research & Development of $19.6 million for Q2 2023, down 7.51% year-over-year from $21.2 million in Q2 2022, and down 7.51% quarter-over-quarter from $21.2 million in Q2 2022.
BitVentures (BVC) Research & Development (2020 - 2023) Analysis & Trends
BitVentures (BVC) has reported Research & Development for 4 consecutive years, with $19.6 million the latest figure, recorded in Q2 2023.
- In Q2 2023, Research & Development fell 7.51% year-over-year to $19.6 million; the TTM figure through Jun 2023 stood at $65.0 million (up 19.53% YoY), while the FY2025 annual figure was $530000.0, down 83.07% from the prior year.
- Research & Development eased to $19.6 million in Q2 2023 per BVC's latest filing, from $21.2 million in the prior quarter.
- Across five years, Research & Development topped out at $21.2 million in Q2 2022 and bottomed at $8.9 million in Q1 2020.
- Historically, Research & Development has averaged $13.8 million across 4 years, with a median of $12.1 million in 2021.
- Annual changes were most pronounced in 2022 — Research & Development jumped 70.98% — and 2023, when it dropped 7.51%.
- BitVentures' Research & Development stood at $9.0 million in 2020, then soared by 37.72% to $12.4 million in 2021, then jumped by 70.98% to $21.2 million in 2022, then dropped by 7.51% to $19.6 million in 2023.
- Business Quant data shows BVC's Research & Development at $19.6 million in Q2 2023, $21.2 million in Q2 2022, and $12.4 million in Q2 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | BitVentures | 67.11 Mn | 67.11 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 19.63 Mn |
| Jun 30, 2022 | 21.22 Mn |
| Jun 30, 2021 | 12.41 Mn |
| Mar 31, 2021 | 11.72 Mn |
| Jun 30, 2020 | 9.01 Mn |
| Mar 31, 2020 | 8.94 Mn |