Mimedx (MDXG) Research & Development (2009 - 2026)
Mimedx (MDXG) reported Research & Development of $2.8 million for Q3 2026, down 24.5% from $3.7 million a year earlier but up 0.7% from the prior quarter.
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Analysis
Mimedx (MDXG) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Mimedx's Research & Development came in at $14.47 million, up 4.1% year-over-year; for FY2025, it was $15.1 million, up 22.3% from FY2024.
- Research & Development has a five-year compound annual growth rate of 5.2% (FY2020 to FY2025).
- By year, Research & Development came in at $12.34 million in FY2024 (-2.6%), $12.67 million in FY2023 (-0.3%), $12.7 million in FY2022 (+27.9%) and $9.93 million in FY2021 (-15.2%).
- Five-year quarterly Research & Development spans a low of -$4.73 million in Q4 2022 and a high of $5.96 million in Q1 2022.
- Year over year, Research & Development gained in six of the last eight quarters, with growth averaging 14.7%.
- The high point for year-over-year Research & Development in five years was Q4 2024 (growth of 46.8%); the low point was Q3 2023 (a decline of 48.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $2.78 million (Q2 2026), $4.14 million (Q1 2026) and $4.76 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | - |
| 10 | Mimedx | 491.77 Mn | -90.75 Mn | 49.70 Mn | 2.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.80 Mn |
| Jun 30, 2026 | 2.78 Mn |
| Mar 31, 2026 | 4.14 Mn |
| Dec 31, 2025 | 4.76 Mn |
| Sep 30, 2025 | 3.70 Mn |
| Jun 30, 2025 | 3.30 Mn |
| Mar 31, 2025 | 3.33 Mn |
| Dec 31, 2024 | 3.57 Mn |
| Sep 30, 2024 | 2.92 Mn |
| Jun 30, 2024 | 3.01 Mn |
| Mar 31, 2024 | 2.84 Mn |
| Dec 31, 2023 | 2.43 Mn |
| Sep 30, 2023 | 3.08 Mn |
| Jun 30, 2023 | 3.67 Mn |
| Mar 31, 2023 | 3.48 Mn |
| Dec 31, 2022 | -4.73 Mn |
| Sep 30, 2022 | 5.95 Mn |
| Jun 30, 2022 | 5.51 Mn |
| Mar 31, 2022 | 5.96 Mn |
| Dec 31, 2021 | -2.84 Mn |
API Access
Mimedx 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=MDXG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MDXG", "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=MDXG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();