Hippo Holdings (HIPO) Research & Development (2020 - 2026)
Hippo Holdings (HIPO) recorded Research & Development of $11 million in Q3 2026, up 37.5% from $8 million a year earlier and up 8.9% from the prior quarter.
Hippo Holdings (HIPO) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, Hippo Holdings' Research & Development came in at $38.8 million as of Sep 30, 2026, up 22.0% year-over-year; for FY2025, it was $32.5 million, up 5.9% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $30.7 million in FY2024 (-34.7%), $47 million in FY2023 (-18.3%), $57.5 million in FY2022 (+58.8%) and $36.2 million in FY2021 (+101.1%).
- The Q3 2026 figure is the highest quarterly Research & Development since Q3 2023.
- On a year-over-year basis, Research & Development has increased for six consecutive quarters, with growth averaging 9.5% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 181.3% in Q4 2021, against a decline of 41.2% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $10.1 million (Q2 2026), $9.4 million (Q1 2026) and $8.3 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,248.67 Bn | -185.49 Bn | 56.71 Bn | - |
| 2 | Chubb | 141.22 Bn | 92.15 Bn | 8.67 Bn | - |
| 3 | Progressive | 134.26 Bn | 109.78 Bn | 8.29 Bn | - |
| 4 | Marsh & Mclennan Companies | 98.32 Bn | 90.72 Bn | - | - |
| 5 | Travelers Companies | 82.09 Bn | 59.57 Bn | 5.93 Bn | - |
| 6 | Manulife Financial | 75.36 Bn | -19.02 Bn | - | - |
| 7 | Arthur J. Gallagher | 72.54 Bn | 67.17 Bn | 3.33 Bn | - |
| 8 | Aon | 71.33 Bn | 50.56 Bn | - | - |
| 9 | Allstate | 65.04 Bn | 22.10 Bn | -9.85 Bn | - |
| 10 | Hippo Holdings | 966.10 Mn | -491.40 Mn | 83.30 Mn | 11.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.00 Mn |
| Jun 30, 2026 | 10.10 Mn |
| Mar 31, 2026 | 9.40 Mn |
| Dec 31, 2025 | 8.30 Mn |
| Sep 30, 2025 | 8.00 Mn |
| Jun 30, 2025 | 8.10 Mn |
| Mar 31, 2025 | 8.10 Mn |
| Dec 31, 2024 | 7.60 Mn |
| Sep 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | 7.80 Mn |
| Mar 31, 2024 | 8.30 Mn |
| Dec 31, 2023 | 10.40 Mn |
| Sep 30, 2023 | 11.90 Mn |
| Jun 30, 2023 | 13.10 Mn |
| Mar 31, 2023 | 11.60 Mn |
| Dec 31, 2022 | 11.50 Mn |
| Sep 30, 2022 | 14.80 Mn |
| Jun 30, 2022 | 16.50 Mn |
| Mar 31, 2022 | 14.70 Mn |
| Dec 31, 2021 | 13.50 Mn |
Hippo Holdings 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=HIPO&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HIPO", "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=HIPO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();