Thunder Mountain Gold (THMG) Research & Development (2010 - 2026)
Thunder Mountain Gold's Research & Development was $741,034 in Q2 2026, up 165.7% from $278,889 a year earlier and up 343.4% from the prior quarter.
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Analysis
Thunder Mountain Gold (THMG) Research & Development (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Thunder Mountain Gold's Research & Development was $1.47 million through Jun 30, 2026, up 226.3% year-over-year; for FY2025, it was $911,511, up 515.9% from FY2024.
- Research & Development shows a five-year compound annual growth rate of 140.6% (FY2020 to FY2025).
- In earlier years, Research & Development was $148,004 in FY2024 (+68.8%), $87,702 in FY2023, $156.00 in FY2022 (-98.4%) and $9,842 in FY2021 (-13.0%).
- The Q2 2026 figure marks the highest quarterly Research & Development in data going back to Q2 2010.
- Compared with a year earlier, Research & Development has increased for four straight quarters, with growth averaging 258.9% over the last seven quarters.
- The best year-over-year quarter for Research & Development over five years was Q3 2025 (growth of 623.7%); the worst was Q3 2022 (a decline of 78.3%).
- Per Business Quant data, THMG's Research & Development in the three quarters before Q2 2026 was $167,128 (Q1 2026), $274,888 (Q4 2025) and $290,661 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 47.00 Mn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 53.00 Mn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 134.00 Mn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | Thunder Mountain Gold | 79.48 Mn | 72.47 Mn | - | 741,034.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 741,034.00 |
| Mar 31, 2026 | 167,128.00 |
| Dec 31, 2025 | 274,888.00 |
| Sep 30, 2025 | 290,661.00 |
| Jun 30, 2025 | 278,889.00 |
| Mar 31, 2025 | 67,073.00 |
| Dec 31, 2024 | 65,480.00 |
| Sep 30, 2024 | 40,164.00 |
| Jun 30, 2024 | 22,285.00 |
| Mar 31, 2024 | 20,075.00 |
| Dec 31, 2023 | 31,942.00 |
| Sep 30, 2023 | 12,753.00 |
| Jun 30, 2023 | 24,576.00 |
| Mar 31, 2023 | 18,431.00 |
| Dec 31, 2022 | -3,154.00 |
| Sep 30, 2022 | 1,072.00 |
| Jun 30, 2022 | 1,073.00 |
| Mar 31, 2022 | 1,165.00 |
| Dec 31, 2021 | -2,798.00 |
| Sep 30, 2021 | 4,940.00 |
API Access
Thunder Mountain Gold 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=THMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "THMG", "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=THMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();