HeartCore Enterprises (HTCR) Research & Development (2021 - 2025)
HeartCore Enterprises' Research & Development came in at $58,146 for Q4 2025, up 662.9% from $7,622 a year earlier but down 76.6% from the prior quarter.
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Analysis
HeartCore Enterprises (HTCR) Research & Development (2021 - 2025) Analysis & Trends
For FY2025, HeartCore Enterprises' Research & Development was $592,517, up 229.6% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 13.8% (FY2020 to FY2025).
- Going back by year, Research & Development was $179,762 in FY2024 (-82.4%), $1.02 million in FY2023 (+59.0%), $641,025 in FY2022 (+25.5%) and $510,740 in FY2021 (+64.2%).
- The five-year range for quarterly Research & Development is $7,622 (Q4 2024) to $729,838 (Q4 2023).
- Year-over-year, Research & Development has increased for four consecutive quarters, with growth averaging 133.7% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q4 2025 (growth of 662.9%), and the weakest in Q4 2024 (a decline of 99.0%).
- Business Quant data shows HTCR's Research & Development at $248,997 (Q3 2025), $161,481 (Q2 2025) and $123,893 (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 146.43 Bn | 105.71 Bn | 6.13 Bn | - |
| 2 | Cintas | 86.79 Bn | 85.87 Bn | 1.55 Bn | - |
| 3 | Iron Mountain | 33.63 Bn | 32.82 Bn | 1.07 Bn | - |
| 4 | APi | 17.31 Bn | 14.35 Bn | 703.00 Mn | - |
| 5 | Rollins | 16.03 Bn | 15.57 Bn | 569.95 Mn | - |
| 6 | UL Solutions | 14.80 Bn | 13.55 Bn | 417.00 Mn | - |
| 7 | Aramark | 14.78 Bn | 12.73 Bn | 430.34 Mn | - |
| 8 | Gartner | 14.60 Bn | 8.29 Bn | 1.19 Bn | - |
| 9 | Rentokil Initial | 10.70 Bn | 4.21 Bn | - | - |
| 10 | HeartCore Enterprises | 2.19 Mn | -15.22 Mn | -70,215.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 58,146.00 |
| Sep 30, 2025 | 248,997.00 |
| Jun 30, 2025 | 161,481.00 |
| Mar 31, 2025 | 123,893.00 |
| Dec 31, 2024 | 7,622.00 |
| Sep 30, 2024 | 63,709.00 |
| Jun 30, 2024 | 111,268.00 |
| Mar 31, 2024 | 89,134.00 |
| Dec 31, 2023 | 729,838.00 |
| Sep 30, 2023 | 170,071.00 |
| Jun 30, 2023 | 39,608.00 |
| Mar 31, 2023 | 79,624.00 |
| Dec 31, 2022 | 57,263.00 |
| Sep 30, 2022 | 58,275.00 |
| Jun 30, 2022 | 417,228.00 |
| Mar 31, 2022 | 108,259.00 |
| Dec 31, 2021 | 188,883.00 |
| Sep 30, 2021 | 189,686.00 |
| Jun 30, 2021 | 80,025.00 |
| Mar 31, 2021 | 52,146.00 |
API Access
HeartCore Enterprises 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=HTCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HTCR", "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=HTCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();