Netlist (NLST) Research & Development (2009 - 2026)
Netlist's Research & Development was $1.05 million in Q3 2026, up 28.2% from $822,000 a year earlier and up 0.4% from the prior quarter.
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Analysis
Netlist (NLST) Research & Development (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Netlist's Research & Development was $4.15 million through Sep 26, 2026, up 14.6% year-over-year; for FY2025, it came in at $3.5 million, down 56.6% from FY2024.
- Research & Development has now declined for three consecutive years, with a four-year compound annual growth rate of -16.6% (FY2021 to FY2025).
- In earlier years, Research & Development was $8.06 million in FY2024 (-12.0%), $9.16 million in FY2023 (-13.7%), $10.62 million in FY2022 (+46.7%) and $7.24 million in FY2021.
- Quarterly Research & Development has moved between $822,000 (Q3 2025) and $5.16 million (Q4 2021) over five years.
- Compared with a year earlier, Research & Development has increased for three straight quarters, with an average decline of 22.4% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was Q3 2026 (growth of 28.2%); the worst was Q2 2025 (a decline of 64.8%).
- Per Business Quant data, NLST's Research & Development in the three quarters before Q3 2026 was $1.05 million (Q2 2026), $1.1 million (Q1 2026) and $948,000 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | 11.73 Bn |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | 2.42 Bn |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 486.90 Mn |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | 1.11 Bn |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | - |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | 384.00 Mn |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | 200.00 Mn |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | 283.00 Mn |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | 1.16 Bn |
| 10 | Netlist | 1.92 Bn | 1.53 Bn | 68.86 Mn | 1.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 1.05 Mn |
| Jun 27, 2026 | 1.05 Mn |
| Mar 28, 2026 | 1.10 Mn |
| Dec 27, 2025 | 948,000.00 |
| Sep 27, 2025 | 822,000.00 |
| Jun 28, 2025 | 833,000.00 |
| Mar 29, 2025 | 893,000.00 |
| Dec 28, 2024 | 1.08 Mn |
| Sep 28, 2024 | 2.18 Mn |
| Jun 29, 2024 | 2.37 Mn |
| Mar 30, 2024 | 2.44 Mn |
| Dec 30, 2023 | 2.34 Mn |
| Sep 30, 2023 | 2.27 Mn |
| Jul 1, 2023 | 2.26 Mn |
| Apr 1, 2023 | 2.30 Mn |
| Dec 31, 2022 | 2.95 Mn |
| Oct 1, 2022 | 2.55 Mn |
| Jul 2, 2022 | 2.67 Mn |
| Apr 2, 2022 | 2.46 Mn |
| Jan 1, 2022 | 5.16 Mn |
API Access
Netlist 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=NLST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NLST", "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=NLST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();