Sanara MedTech (SMTI) Research & Development (2020 - 2026)
Sanara MedTech's Research & Development came in at $759,592 for Q1 2026, down 20.1% from $950,359 a year earlier and down 62.7% from the prior quarter.
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Analysis
Sanara MedTech (SMTI) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Sanara MedTech reported Research & Development of $5.08 million, up 41.1% year-over-year; for FY2025, it was $5.07 million, up 79.3% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 163.2% (FY2020 to FY2025).
- Going back by year, Research & Development was $2.83 million in FY2024 (-31.5%), $4.13 million in FY2023 (+22.7%), $3.37 million in FY2022 (+502.7%) and $558,704 in FY2021.
- The Q1 2026 figure represents the lowest quarterly Research & Development since Q4 2023.
- Year-over-year, Research & Development increased in five of the last eight quarters, with growth averaging 21.1%.
- The fastest year-over-year change in Research & Development over five years came in Q4 2021 (growth of 931.4%), and the weakest in Q4 2023 (a decline of 37.0%).
- Business Quant data shows SMTI's Research & Development at $2.04 million (Q4 2025), $1.03 million (Q3 2025) and $1.26 million (Q2 2025) in the three quarters before Q1 2026.
Peer Set
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 | Sanara MedTech | 322.60 Mn | 322.60 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 759,592.00 |
| Dec 31, 2025 | 2.04 Mn |
| Sep 30, 2025 | 1.03 Mn |
| Jun 30, 2025 | 1.26 Mn |
| Mar 31, 2025 | 950,359.00 |
| Dec 31, 2024 | 883,400.00 |
| Sep 30, 2024 | 783,840.00 |
| Jun 30, 2024 | 985,651.00 |
| Mar 31, 2024 | 946,298.00 |
| Dec 31, 2023 | 651,519.00 |
| Sep 30, 2023 | 986,454.00 |
| Jun 30, 2023 | 1.18 Mn |
| Mar 31, 2023 | 1.32 Mn |
| Dec 31, 2022 | 1.03 Mn |
| Sep 30, 2022 | 1.06 Mn |
| Jun 30, 2022 | 1.07 Mn |
| Mar 31, 2022 | 204,637.00 |
| Dec 31, 2021 | 300,837.00 |
| Sep 30, 2021 | 35,674.00 |
| Jun 30, 2021 | 103,981.00 |
API Access
Sanara MedTech 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=SMTI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "SMTI", "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=SMTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();