Inogen (INGN) Research & Development (2013 - 2026)
Inogen (INGN) recorded Research & Development of $5.87 million in Q2 2026, up 12.7% from $5.21 million a year earlier and up 15.2% from the prior quarter.
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Analysis
Inogen (INGN) Research & Development (2013 - 2026) Analysis & Trends
On a TTM basis, Inogen's Research & Development came in at $21.12 million as of Jun 30, 2026, up 13.2% year-over-year; for FY2025, it came in at $19.4 million, down 10.2% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 6.6% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $21.61 million in FY2024 (+3.7%), $20.84 million in FY2023 (-5.0%), $21.94 million in FY2022 (+32.4%) and $16.58 million in FY2021 (+17.7%).
- The Q2 2026 figure is the highest quarterly Research & Development since Q4 2024.
- On a year-over-year basis, Research & Development rose in three of the last eight quarters, with an average decline of 1.6%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 47.1% in Q2 2022, against a decline of 38.7% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $5.1 million (Q1 2026), $5.32 million (Q4 2025) and $4.84 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 278.90 Mn |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Inogen | 143.54 Mn | -314.97 Mn | 43.27 Mn | 5.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.87 Mn |
| Mar 31, 2026 | 5.10 Mn |
| Dec 31, 2025 | 5.32 Mn |
| Sep 30, 2025 | 4.84 Mn |
| Jun 30, 2025 | 5.21 Mn |
| Mar 31, 2025 | 4.03 Mn |
| Dec 31, 2024 | 5.90 Mn |
| Sep 30, 2024 | 3.52 Mn |
| Jun 30, 2024 | 5.62 Mn |
| Mar 31, 2024 | 6.58 Mn |
| Dec 31, 2023 | 6.71 Mn |
| Sep 30, 2023 | 4.49 Mn |
| Jun 30, 2023 | 4.29 Mn |
| Mar 31, 2023 | 5.34 Mn |
| Dec 31, 2022 | 5.93 Mn |
| Sep 30, 2022 | 4.58 Mn |
| Jun 30, 2022 | 6.06 Mn |
| Mar 31, 2022 | 5.36 Mn |
| Dec 31, 2021 | 4.68 Mn |
| Sep 30, 2021 | 3.75 Mn |
API Access
Inogen 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=INGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "INGN", "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=INGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();