Merit Medical Systems (MMSI) Research & Development (2010 - 2026)
Merit Medical Systems (MMSI) posted Research & Development of $25.4 million for Q2 2026, up 12.3% sequentially from $22.6 million in Q1 2026, and up 4.19% YoY from $24.4 million in Q2 2025.
Merit Medical Systems (MMSI) Research & Development (2010 - 2026) Analysis & Trends
Merit Medical Systems has reported Research & Development for 17 years, with the latest figure at $25.4 million in Q2 2026.
- Quarterly Research & Development rose 4.19% year-over-year to $25.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $98.5 million (up 6.42% YoY) and the FY2025 annual result came in at $97.4 million, up 11.3% from the prior year.
- Research & Development advanced to $25.4 million in Q2 2026 per MMSI's latest filing, from $22.6 million in the prior quarter.
- Over five years, Research & Development peaked at $26.5 million in Q4 2025 and troughed at $17.4 million in Q1 2022.
- A 5-year average of $21.7 million and a median of $21.4 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development climbed 0.15% in 2022, then increased 22.59% in 2023.
- Over 5 years, Research & Development stood at $20.4 million in 2022, then rose by 5.89% to $21.6 million in 2023, then grew by 16.43% to $25.2 million in 2024, then rose by 5.35% to $26.5 million in 2025, then declined by 4.34% to $25.4 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $25.4 million, $22.6 million, and $26.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 370.60 Mn |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 258.00 Mn |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 663.00 Mn |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 105.73 Mn |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | - |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 19.70 Mn |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 178.00 Mn |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 42.50 Mn |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 129.00 Mn |
| 10 | Merit Medical Systems | 5.39 Bn | 4.94 Bn | 215.17 Mn | 25.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.39 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Dec 31, 2025 | 26.54 Mn |
| Sep 30, 2025 | 23.97 Mn |
| Jun 30, 2025 | 24.37 Mn |
| Mar 31, 2025 | 22.48 Mn |
| Dec 31, 2024 | 25.19 Mn |
| Sep 30, 2024 | 20.53 Mn |
| Jun 30, 2024 | 20.26 Mn |
| Mar 31, 2024 | 21.48 Mn |
| Dec 31, 2023 | 21.64 Mn |
| Sep 30, 2023 | 19.65 Mn |
| Jun 30, 2023 | 20.13 Mn |
| Mar 31, 2023 | 21.31 Mn |
| Dec 31, 2022 | 20.44 Mn |
| Sep 30, 2022 | 19.22 Mn |
| Jun 30, 2022 | 18.47 Mn |
| Mar 31, 2022 | 17.39 Mn |
| Dec 31, 2021 | 20.41 Mn |
| Sep 30, 2021 | 16.97 Mn |