Icu Medical (ICUI) Research & Development (2009 - 2026)
Icu Medical's (ICUI) quarterly Research & Development came in at $22.7 million in Q2 2026, up 3.82% on a YoY basis from $21.9 million in Q2 2025, and up 6.68% quarter-over-quarter from $21.3 million in Q1 2026.
Analysis
Icu Medical (ICUI) Research & Development (2009 - 2026) Analysis & Trends
Icu Medical (ICUI) has reported Research & Development for 18 consecutive years, with $22.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 3.82% year-over-year to $22.7 million; the trailing twelve-month figure through Jun 2026 stood at $86.3 million (down 2.51% YoY), and the FY2025 full-year result was $87.5 million, down 1.26% from the prior year.
- Research & Development grew to $22.7 million in Q2 2026 per ICUI's latest filing, from $21.3 million in the prior quarter.
- Across five years, Research & Development topped out at $23.9 million in Q1 2022 and bottomed at $19.8 million in Q1 2023.
- Historically, Research & Development has averaged $22.1 million across 5 years, with a median of $22.3 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Research & Development surged 122.91% in 2022, then decreased 17.22% in 2023.
- Over 5 years, Research & Development stood at $23.4 million in 2022, then slipped by 4.41% to $22.4 million in 2023, then fell by 0.25% to $22.4 million in 2024, then slipped by 5.68% to $21.1 million in 2025, then advanced by 7.66% to $22.7 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $22.7 million, $21.3 million, and $21.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 177.43 Bn | 172.48 Bn | 7.27 Bn | 892.00 Mn |
| 2 | Intuitive Surgical | 139.20 Bn | 134.11 Bn | 1.96 Bn | 370.60 Mn |
| 3 | Medtronic | 118.01 Bn | 109.81 Bn | 6.34 Bn | 771.00 Mn |
| 4 | Stryker | 105.44 Bn | 101.96 Bn | 4.50 Bn | 434.00 Mn |
| 5 | Boston Scientific | 62.90 Bn | 62.60 Bn | 3.85 Bn | 554.00 Mn |
| 6 | Edwards Lifesciences | 50.87 Bn | 46.72 Bn | 1.35 Bn | 278.90 Mn |
| 7 | Dexcom | 33.72 Bn | 31.77 Bn | 830.00 Mn | 153.00 Mn |
| 8 | Resmed | 32.45 Bn | 30.98 Bn | 861.22 Mn | 105.73 Mn |
| 9 | Alcon | 31.70 Bn | 30.25 Bn | 1.68 Bn | -663.00 Mn |
| 10 | Icu Medical | 3.82 Bn | 3.52 Bn | 235.05 Mn | 22.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.70 Mn |
| Mar 31, 2026 | 21.28 Mn |
| Dec 31, 2025 | 21.09 Mn |
| Sep 30, 2025 | 21.25 Mn |
| Jun 30, 2025 | 21.87 Mn |
| Mar 31, 2025 | 23.29 Mn |
| Dec 31, 2024 | 22.36 Mn |
| Sep 30, 2024 | 21.03 Mn |
| Jun 30, 2024 | 23.39 Mn |
| Mar 31, 2024 | 21.84 Mn |
| Dec 31, 2023 | 22.41 Mn |
| Sep 30, 2023 | 20.87 Mn |
| Jun 30, 2023 | 22.30 Mn |
| Mar 31, 2023 | 19.76 Mn |
| Dec 31, 2022 | 23.45 Mn |
| Sep 30, 2022 | 23.11 Mn |
| Jun 30, 2022 | 22.56 Mn |
| Mar 31, 2022 | 23.87 Mn |
| Dec 31, 2021 | 13.17 Mn |
| Sep 30, 2021 | 12.24 Mn |