Magic Software Enterprises (RMTHF) Research & Development (2009 - 2025)
Magic Software Enterprises (RMTHF) reported Research & Development of $3.17 million for Q3 2025, up 4.6% from $3.03 million a year earlier but down 7.4% from the prior quarter.
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Analysis
Magic Software Enterprises (RMTHF) Research & Development (2009 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Magic Software Enterprises' Research & Development came in at $13.83 million, up 21.6% year-over-year; for FY2024, it was $13.31 million, up 28.9% from FY2023.
- Research & Development has increased for six consecutive years, with a five-year compound annual growth rate of 10.1% (FY2019 to FY2024).
- By year, Research & Development came in at $10.33 million in FY2023 (+2.4%), $10.09 million in FY2022 (+12.2%), $9 million in FY2021 (+2.3%) and $8.79 million in FY2020 (+6.7%).
- Five-year quarterly Research & Development spans a low of $2.12 million in Q4 2021 and a high of $3.99 million in Q4 2024.
- Year over year, Research & Development has now increased in each of the last seven quarters, with growth averaging 16.2% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q4 2024 (growth of 47.5%); the low point was Q4 2021 (a decline of 8.1%).
- Per Business Quant data, the three quarters before Q3 2025 came in at $3.43 million (Q2 2025), $3.25 million (Q1 2025) and $3.99 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 192.51 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 2.40 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -2.14 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 1.69 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 915.00 Mn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 265.90 Mn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 23.10 Mn |
| 10 | Magic Software Enterprises | 1.60 Bn | 1.21 Bn | 44.21 Mn | 3.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 3.17 Mn |
| Jun 30, 2025 | 3.43 Mn |
| Mar 31, 2025 | 3.25 Mn |
| Dec 31, 2024 | 3.99 Mn |
| Sep 30, 2024 | 3.03 Mn |
| Jun 30, 2024 | 2.85 Mn |
| Mar 31, 2024 | 2.79 Mn |
| Dec 31, 2023 | 2.70 Mn |
| Sep 30, 2023 | 2.66 Mn |
| Jun 30, 2023 | 2.43 Mn |
| Mar 31, 2023 | 2.54 Mn |
| Dec 31, 2022 | 2.71 Mn |
| Sep 30, 2022 | 2.44 Mn |
| Jun 30, 2022 | 2.60 Mn |
| Mar 31, 2022 | 2.34 Mn |
| Dec 31, 2021 | 2.12 Mn |
| Sep 30, 2021 | 2.31 Mn |
| Jun 30, 2021 | 2.36 Mn |
| Mar 31, 2021 | 2.20 Mn |
| Dec 31, 2020 | 2.31 Mn |
API Access
Magic Software Enterprises 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=RMTHF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "RMTHF", "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=RMTHF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();