Nano-X Imaging (NNOX) Research & Development (2019 - 2026)
Nano-X Imaging (NNOX) recorded Research & Development of $4.71 million in the quarter ended Jun 30, 2026, down 2.6% from $4.83 million a year earlier and down 1.9% from the prior quarter.
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Analysis
Nano-X Imaging (NNOX) Research & Development (2019 - 2026) Analysis & Trends
On a TTM basis, Nano-X Imaging's Research & Development came in at $18.93 million as of Jun 30, 2026, down 5.2% year-over-year; for the year ended Dec 31, 2025, it came in at $19.24 million, down 4.7% from the prior year.
- Annual Research & Development has declined for three straight years, though with a five-year compound annual growth rate of 15.9% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Research & Development came in at $20.18 million in the year ended Dec 31, 2024 (-22.5%), $26.05 million in the year ended Dec 31, 2023 (-1.7%), $26.51 million in the year ended Dec 31, 2022 (+54.8%) and $17.12 million in the year ended Dec 31, 2021 (+85.9%).
- Quarterly Research & Development has ranged from $3.71 million in the quarter ended Sep 30, 2021 to $7.1 million in the quarter ended Dec 31, 2022 over the past five years.
- On a year-over-year basis, Research & Development has declined for four consecutive quarters, with an average decline of 8.3% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 152.1% in the quarter ended Mar 31, 2022, against a decline of 30.4% in the quarter ended Jun 30, 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.8 million (quarter ended Mar 31, 2026), $4.84 million (quarter ended Dec 31, 2025) and $4.59 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 278.90 Mn |
| 10 | Nano-X Imaging | 43.84 Mn | -135.83 Mn | -43.67 Mn | 4.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.71 Mn |
| Mar 31, 2026 | 4.80 Mn |
| Dec 31, 2025 | 4.84 Mn |
| Sep 30, 2025 | 4.59 Mn |
| Jun 30, 2025 | 4.83 Mn |
| Mar 31, 2025 | 4.98 Mn |
| Dec 31, 2024 | 5.40 Mn |
| Sep 30, 2024 | 4.75 Mn |
| Jun 30, 2024 | 4.81 Mn |
| Mar 31, 2024 | 5.22 Mn |
| Dec 31, 2023 | 6.81 Mn |
| Sep 30, 2023 | 6.04 Mn |
| Jun 30, 2023 | 6.91 Mn |
| Mar 31, 2023 | 6.29 Mn |
| Dec 31, 2022 | 7.10 Mn |
| Sep 30, 2022 | 6.09 Mn |
| Jun 30, 2022 | 6.49 Mn |
| Mar 31, 2022 | 6.83 Mn |
| Dec 31, 2021 | 6.36 Mn |
| Sep 30, 2021 | 3.71 Mn |
API Access
Nano-X Imaging 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=NNOX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NNOX", "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=NNOX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();