Merit Medical Systems (MMSI) Research & Development (2010 - 2026)
Merit Medical Systems' (MMSI) quarterly Research & Development came in at $25.4 million in Q2 2026, up 4.19% year-over-year from $24.4 million in Q2 2025, and up 12.3% quarter-over-quarter from $22.6 million in Q1 2026.
Analysis
Merit Medical Systems (MMSI) Research & Development (2010 - 2026) Analysis & Trends
Merit Medical Systems has disclosed Research & Development across 17 years of filings, most recently posting $25.4 million for Q2 2026.
- In Q2 2026, Research & Development rose 4.19% year-over-year to $25.4 million; the TTM figure through Jun 2026 stood at $98.5 million (up 6.42% YoY), while the FY2025 annual figure was $97.4 million, up 11.3% from the prior year.
- Research & Development came in at $25.4 million for Q2 2026 at Merit Medical Systems, up from $22.6 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.
- Average Research & Development over 5 years is $21.7 million, with a median of $21.4 million recorded in 2023.
- Year-over-year, Research & Development advanced 0.15% in 2022 and grew 22.59% in 2023.
- Over 5 years, Research & Development stood at $20.4 million in 2022, then grew by 5.89% to $21.6 million in 2023, then advanced by 16.43% to $25.2 million in 2024, then grew by 5.35% to $26.5 million in 2025, then slipped by 4.34% to $25.4 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $25.4 million in Q2 2026, $22.6 million in Q1 2026, and $26.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 180.74 Bn | 175.14 Bn | 7.27 Bn | 892.00 Mn |
| 2 | Intuitive Surgical | 127.72 Bn | 122.50 Bn | 1.96 Bn | 370.60 Mn |
| 3 | Medtronic | 116.88 Bn | 108.06 Bn | 6.34 Bn | 771.00 Mn |
| 4 | Stryker | 104.10 Bn | 100.62 Bn | 4.50 Bn | 434.00 Mn |
| 5 | Boston Scientific | 63.74 Bn | 63.20 Bn | 3.85 Bn | 554.00 Mn |
| 6 | Edwards Lifesciences | 49.85 Bn | 45.60 Bn | 1.35 Bn | 278.90 Mn |
| 7 | Alcon | 33.03 Bn | 31.58 Bn | 1.68 Bn | -663.00 Mn |
| 8 | Dexcom | 32.15 Bn | 30.20 Bn | 830.00 Mn | 153.00 Mn |
| 9 | Steris | 20.63 Bn | 20.15 Bn | 684.20 Mn | 28.60 Mn |
| 10 | Merit Medical Systems | 5.14 Bn | 4.69 Bn | 215.17 Mn | 25.39 Mn |
Historic Data
Download Data
Historic 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 |