Greenfire Resources (GFR) Research & Development (2022 - 2026)
Greenfire Resources (GFR) reported Research & Development of $1.03 million for Q2 2026, up 134.5% from $439,523 a year earlier and up 59.4% from the prior quarter.
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Analysis
Greenfire Resources (GFR) Research & Development (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Greenfire Resources' Research & Development came in at $2.29 million, up 58.1% year-over-year; for FY2025, it came in at $1.57 million, up 20.8% from FY2024.
- Research & Development has a four-year compound annual growth rate of 53.9% (FY2021 to FY2025).
- By year, Research & Development came in at $1.3 million in FY2024 (-54.6%), $2.85 million in FY2023 (+103.4%), $1.4 million in FY2022 (+402.6%) and $279,284 in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Research & Development since Q1 2023.
- Year over year, Research & Development has now increased in each of the last three quarters, with growth averaging 124.6% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q4 2025 (growth of 920.9%); the low point was Q4 2024 (a decline of 91.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $646,805 (Q1 2026), $343,484 (Q4 2025) and $265,948 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 277.00 Mn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 256.00 Mn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | -95.00 Mn |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 75.00 Mn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | -189.00 Mn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | - |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 17.00 Mn |
| 10 | Greenfire Resources | 402.28 Mn | 286.33 Mn | 140.78 Mn | 1.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.03 Mn |
| Mar 31, 2026 | 646,805.45 |
| Dec 31, 2025 | 343,484.33 |
| Sep 30, 2025 | 265,948.41 |
| Jun 30, 2025 | 439,522.91 |
| Mar 31, 2025 | 511,536.69 |
| Dec 31, 2024 | 33,644.91 |
| Sep 30, 2024 | 461,823.65 |
| Jun 30, 2024 | 424,061.52 |
| Mar 31, 2024 | 411,130.72 |
| Dec 31, 2023 | 379,754.87 |
| Sep 30, 2023 | 384,900.12 |
| Jun 30, 2023 | 763,808.23 |
| Mar 31, 2023 | 1.17 Mn |
| Dec 31, 2022 | 255,635.92 |
| Sep 30, 2022 | 611,096.76 |
API Access
Greenfire Resources 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=GFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "GFR", "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=GFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();