Healthcare Triangle (HCTI) Research & Development (2020 - 2026)
Healthcare Triangle's Research & Development was $51,000 in Q2 2026, down 7.3% from $55,000 a year earlier and down 40.0% from the prior quarter.
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Analysis
Healthcare Triangle (HCTI) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Healthcare Triangle's Research & Development was $474,000 through Jun 30, 2026, up 61.2% year-over-year; for FY2025, it was $536,000, up 24.9% from FY2024.
- Research & Development shows a five-year compound annual growth rate of -21.0% (FY2020 to FY2025).
- In earlier years, Research & Development was $429,000 in FY2024 (-46.3%), $799,000 in FY2023 (-90.2%), $8.14 million in FY2022 (+54.8%) and $5.26 million in FY2021 (+201.6%).
- The Q2 2026 figure marks the lowest quarterly Research & Development since Q4 2024.
- Compared with a year earlier, Research & Development was higher in two of the last six quarters, with growth averaging 8.2%.
- The best year-over-year quarter for Research & Development over five years was Q4 2021 (growth of 441.5%); the worst was Q4 2023 (a decline of 97.9%).
- Per Business Quant data, HCTI's Research & Development in the three quarters before Q2 2026 was $85,000 (Q1 2026), $279,000 (Q4 2025) and $59,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 679.00 Mn |
| 10 | Healthcare Triangle | 2.10 Mn | -13.46 Mn | 2.07 Mn | 51,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51,000.00 |
| Mar 31, 2026 | 85,000.00 |
| Dec 31, 2025 | 279,000.00 |
| Sep 30, 2025 | 59,000.00 |
| Jun 30, 2025 | 55,000.00 |
| Mar 31, 2025 | 144,000.00 |
| Dec 31, 2024 | -80,000.00 |
| Sep 30, 2024 | 175,000.00 |
| Jun 30, 2024 | 207,000.00 |
| Mar 31, 2024 | 127,000.00 |
| Dec 31, 2023 | 104,000.00 |
| Sep 30, 2023 | 54,000.00 |
| Jun 30, 2023 | 102,000.00 |
| Mar 31, 2023 | 539,000.00 |
| Dec 31, 2022 | 4.96 Mn |
| Sep 30, 2022 | 1.47 Mn |
| Jun 30, 2022 | 646,000.00 |
| Mar 31, 2022 | 1.07 Mn |
| Dec 31, 2021 | 1.48 Mn |
| Sep 30, 2021 | 2.20 Mn |
API Access
Healthcare Triangle 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=HCTI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HCTI", "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=HCTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();