Merit Medical Systems (MMSI) Research & Development (2010 - 2026)
Merit Medical Systems recorded quarterly Research & Development of $22.6 million in Q1 2026, down 14.81% quarter-over-quarter from $26.5 million in Q4 2025, and up 0.58% year-over-year from $22.5 million in Q1 2025.
Merit Medical Systems' Research & Development history runs 17 years deep, the most recent figure standing at $22.6 million for Q1 2026.
- In Q1 2026, Research & Development rose 0.58% year-over-year to $22.6 million; the TTM figure through Mar 2026 stood at $97.5 million (up 10.2% YoY), while the FY2025 annual figure was $97.4 million, up 11.3% from the prior year.
- Research & Development came in at $22.6 million for Q1 2026 at Merit Medical Systems, down from $26.5 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $26.5 million in Q4 2025 to a low of $17.4 million in Q1 2022.
- A 5-year average of $21.5 million and a median of $21.3 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development advanced 0.15% in 2022 and grew 22.59% in 2023, its largest moves.
- Merit Medical Systems' Research & Development stood at $20.4 million in 2022, then increased by 5.89% to $21.6 million in 2023, then climbed by 16.43% to $25.2 million in 2024, then increased by 5.35% to $26.5 million in 2025, then slipped by 14.81% to $22.6 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $22.6 million, $26.5 million, and $24.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 361.90 Mn |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 249.00 Mn |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 94.27 Mn |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 15.80 Mn |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 189.00 Mn |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 44.30 Mn |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 98.66 Mn |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 139.00 Mn |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | - |
| 10 | Merit Medical Systems | 3.79 Bn | 3.30 Bn | 184.80 Mn | 22.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 17.59 Mn |
| Mar 31, 2021 | 16.27 Mn |
| Dec 31, 2020 | 15.13 Mn |
| Sep 30, 2020 | 13.51 Mn |
| Jun 30, 2020 | 14.03 Mn |
| Mar 31, 2020 | 14.87 Mn |
| Dec 31, 2019 | 16.25 Mn |
| Sep 30, 2019 | 16.99 Mn |
| Jun 30, 2019 | 16.33 Mn |
| Mar 31, 2019 | 16.04 Mn |
| Dec 31, 2018 | 15.37 Mn |
| Sep 30, 2018 | 14.53 Mn |
| Jun 30, 2018 | 15.32 Mn |
| Mar 31, 2018 | 14.32 Mn |
| Dec 31, 2017 | 12.73 Mn |
| Sep 30, 2017 | 12.84 Mn |
| Jun 30, 2017 | 13.31 Mn |
| Mar 31, 2017 | 12.53 Mn |
| Dec 31, 2016 | 11.79 Mn |
| Sep 30, 2016 | 11.42 Mn |
| Jun 30, 2016 | 11.43 Mn |
| Mar 31, 2016 | 10.59 Mn |
| Dec 31, 2015 | 11.42 Mn |
| Sep 30, 2015 | 10.52 Mn |
| Jun 30, 2015 | 9.20 Mn |
| Mar 31, 2015 | 9.67 Mn |
| Dec 31, 2014 | 9.52 Mn |
| Sep 30, 2014 | 8.69 Mn |
| Jun 30, 2014 | 9.64 Mn |
| Mar 31, 2014 | 8.78 Mn |
| Dec 31, 2013 | 8.82 Mn |
| Sep 30, 2013 | 7.31 Mn |
| Jun 30, 2013 | 8.65 Mn |
| Mar 31, 2013 | 9.11 Mn |
| Dec 31, 2012 | 7.67 Mn |
| Sep 30, 2012 | 7.10 Mn |
| Jun 30, 2012 | 6.59 Mn |
| Mar 31, 2012 | 6.44 Mn |
| Dec 31, 2011 | 6.09 Mn |
| Sep 30, 2011 | 5.40 Mn |
| Jun 30, 2011 | 5.46 Mn |
| Mar 31, 2011 | 4.98 Mn |
| Dec 31, 2010 | 4.67 Mn |
| Sep 30, 2010 | 3.87 Mn |
| Jun 30, 2010 | 3.74 Mn |