Neogenomics (NEO) Research & Development (2011 - 2026)
Neogenomics' Research & Development was $9.86 million in Q3 2026, up 13.4% from $8.69 million a year earlier but down 8.4% from the prior quarter.
Powered by 
Analysis
Neogenomics (NEO) Research & Development (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Neogenomics' Research & Development was $39.33 million through Sep 30, 2026, up 9.7% year-over-year; for FY2025, it came in at $37.08 million, up 19.0% from FY2024.
- Research & Development shows a five-year compound annual growth rate of 35.1% (FY2020 to FY2025).
- In earlier years, Research & Development was $31.16 million in FY2024 (+14.1%), $27.31 million in FY2023 (-9.9%), $30.33 million in FY2022 (+38.6%) and $21.87 million in FY2021 (+165.8%).
- Quarterly Research & Development has moved between $5.29 million (Q3 2023) and $10.76 million (Q2 2026) over five years.
- Compared with a year earlier, Research & Development was higher in seven of the last eight quarters, with growth averaging 14.3%.
- The best year-over-year quarter for Research & Development over five years was Q4 2021 (growth of 305.4%); the worst was Q3 2023 (a decline of 27.7%).
- Per Business Quant data, NEO's Research & Development in the three quarters before Q3 2026 was $10.76 million (Q2 2026), $9.53 million (Q1 2026) and $9.18 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.44 Bn | 104.53 Bn | - | - |
| 2 | Natera | 46.38 Bn | 42.00 Bn | 513.47 Mn | 242.43 Mn |
| 3 | Labcorp Holdings | 30.37 Bn | 28.45 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 28.52 Bn | 26.28 Bn | 1.04 Bn | - |
| 5 | Tenet Healthcare | 23.21 Bn | 12.51 Bn | - | - |
| 6 | Guardant Health | 21.35 Bn | 16.97 Bn | 236.15 Mn | 100.84 Mn |
| 7 | Tempus AI | 15.33 Bn | 12.48 Bn | 266.70 Mn | 46.00 Mn |
| 8 | BrightSpring Health Services | 14.30 Bn | 12.05 Bn | 518.55 Mn | - |
| 9 | Encompass Health | 13.86 Bn | 13.49 Bn | - | - |
| 10 | Neogenomics | 2.26 Bn | 1.67 Bn | 96.59 Mn | 9.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.86 Mn |
| Jun 30, 2026 | 10.76 Mn |
| Mar 31, 2026 | 9.53 Mn |
| Dec 31, 2025 | 9.18 Mn |
| Sep 30, 2025 | 8.69 Mn |
| Jun 30, 2025 | 9.02 Mn |
| Mar 31, 2025 | 10.18 Mn |
| Dec 31, 2024 | 7.97 Mn |
| Sep 30, 2024 | 7.68 Mn |
| Jun 30, 2024 | 7.89 Mn |
| Mar 31, 2024 | 7.62 Mn |
| Dec 31, 2023 | 7.13 Mn |
| Sep 30, 2023 | 5.29 Mn |
| Jun 30, 2023 | 7.50 Mn |
| Mar 31, 2023 | 7.40 Mn |
| Dec 31, 2022 | 6.68 Mn |
| Sep 30, 2022 | 7.31 Mn |
| Jun 30, 2022 | 8.63 Mn |
| Mar 31, 2022 | 7.71 Mn |
| Dec 31, 2021 | 8.51 Mn |
API Access
Neogenomics 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=NEO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NEO", "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=NEO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();