Dna X (SONM) Research & Development (2018 - 2025)
Dna X's Research & Development came in at $181,000 for Q3 2025, down 74.7% from $715,000 a year earlier and down 80.1% from the prior quarter.
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Analysis
Dna X (SONM) Research & Development (2018 - 2025) Analysis & Trends
Over the trailing twelve months to Sep 30, 2025, Dna X reported Research & Development of $15.23 million, up 473.9% year-over-year; for FY2024, it was $14.24 million, up 703.3% from FY2023.
- Research & Development carries a five-year compound annual growth rate of -11.4% (FY2019 to FY2024).
- Going back by year, Research & Development was $1.77 million in FY2023 (-77.8%), $7.97 million in FY2022 (-54.9%), $17.7 million in FY2021 (+9.1%) and $16.22 million in FY2020 (-37.8%).
- The Q3 2025 figure represents the lowest quarterly Research & Development since Q1 2023.
- Year-over-year, Research & Development increased in three of the last six quarters, with growth averaging 92.2%.
- The fastest year-over-year change in Research & Development over five years came in Q1 2024 (growth of 334.3%), and the weakest in Q1 2023 (a decline of 97.5%).
- Business Quant data shows SONM's Research & Development at $909,000 (Q2 2025), $1.63 million (Q1 2025) and $12.51 million (Q4 2024) in the three quarters before Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - | - |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - | 256.00 Mn |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - | - |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn | - |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - | - |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn | - |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - | - |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - | - |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn | - |
| 10 | Dna X | 4.32 Mn | -1.21 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 181,000.00 |
| Jun 30, 2025 | 909,000.00 |
| Mar 31, 2025 | 1.63 Mn |
| Dec 31, 2024 | 12.51 Mn |
| Sep 30, 2024 | 715,000.00 |
| Jun 30, 2024 | 557,000.00 |
| Mar 31, 2024 | 456,000.00 |
| Dec 31, 2023 | 926,000.00 |
| Sep 30, 2023 | 741,000.00 |
| Mar 31, 2023 | 105,000.00 |
| Dec 31, 2022 | 1.22 Mn |
| Sep 30, 2022 | -135,000.00 |
| Jun 30, 2022 | 2.72 Mn |
| Mar 31, 2022 | 4.17 Mn |
| Dec 31, 2021 | 3.87 Mn |
| Sep 30, 2021 | 5.49 Mn |
| Jun 30, 2021 | 3.67 Mn |
| Mar 31, 2021 | 4.66 Mn |
| Dec 31, 2020 | 5.64 Mn |
| Sep 30, 2020 | 3.39 Mn |
API Access
Dna X 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=SONM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "SONM", "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=SONM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();