Modular Medical (MODD) Research & Development (2020 - 2026)
Modular Medical (MODD) reported Research & Development of $4.37 million for fiscal Q1 2027 (quarter ended Jun 30, 2026), down 14.9% from $5.13 million a year earlier but up 13.8% from the prior quarter.
Modular Medical (MODD) Research & Development (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Modular Medical's Research & Development came in at $19.21 million, up 15.5% year-over-year; for FY2026 (ended Mar 31, 2026), it was $19.97 million, up 35.9% from FY2025.
- Research & Development has increased for five consecutive fiscal years, with a five-year compound annual growth rate of 37.4% (FY2021 to FY2026).
- By fiscal year, Research & Development came in at $14.7 million in FY2025 (+14.1%), $12.88 million in FY2024 (+42.1%), $9.06 million in FY2023 (+17.2%) and $7.73 million in FY2022 (+89.3%).
- Five-year quarterly Research & Development spans a low of $1.85 million in fiscal Q3 2022 and a high of $5.59 million in fiscal Q2 2026.
- Year over year, Research & Development gained in six of the last eight quarters, with growth averaging 22.3%.
- The high point for year-over-year Research & Development in five years was fiscal Q4 2022 (growth of 112.9%); the low point was fiscal Q1 2027 (a decline of 14.9%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $3.84 million (Q4 2026), $5.41 million (Q3 2026) and $5.59 million (Q2 2026).
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 | Modular Medical | 10.86 Mn | -8.25 Mn | - | 4.37 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.37 Mn |
| Mar 31, 2026 | 3.84 Mn |
| Dec 31, 2025 | 5.41 Mn |
| Sep 30, 2025 | 5.59 Mn |
| Jun 30, 2025 | 5.13 Mn |
| Mar 31, 2025 | 3.94 Mn |
| Dec 31, 2024 | 3.85 Mn |
| Sep 30, 2024 | 3.70 Mn |
| Jun 30, 2024 | 3.21 Mn |
| Mar 31, 2024 | 3.12 Mn |
| Dec 31, 2023 | 3.84 Mn |
| Sep 30, 2023 | 3.16 Mn |
| Jun 30, 2023 | 2.77 Mn |
| Mar 31, 2023 | 2.26 Mn |
| Dec 31, 2022 | 2.20 Mn |
| Sep 30, 2022 | 2.39 Mn |
| Jun 30, 2022 | 2.22 Mn |
| Mar 31, 2022 | 1.99 Mn |
| Dec 31, 2021 | 1.85 Mn |
| Sep 30, 2021 | 2.11 Mn |
Modular Medical 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=MODD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MODD", "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=MODD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();