Treace Medical Concepts (TMCI) Research & Development (2020 - 2026)
Treace Medical Concepts (TMCI) recorded Research & Development of $4.38 million in Q2 2026, down 20.4% from $5.5 million a year earlier and down 5.3% from the prior quarter.
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Analysis
Treace Medical Concepts (TMCI) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, Treace Medical Concepts' Research & Development came in at $18.22 million as of Jun 30, 2026, down 14.2% year-over-year; for FY2025, it was $20.28 million, down 1.5% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 28.2% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $20.59 million in FY2024 (+33.3%), $15.44 million in FY2023 (+13.7%), $13.58 million in FY2022 (+33.1%) and $10.2 million in FY2021 (+74.5%).
- The Q2 2026 figure is the lowest quarterly Research & Development since Q4 2023.
- On a year-over-year basis, Research & Development has declined for four consecutive quarters, with an average decline of 0.5% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 75.7% in Q4 2021, against a decline of 20.4% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.62 million (Q1 2026), $4.54 million (Q4 2025) and $4.68 million (Q3 2025).
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 | Treace Medical Concepts | 300.46 Mn | 97.20 Mn | 35.61 Mn | 4.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.38 Mn |
| Mar 31, 2026 | 4.62 Mn |
| Dec 31, 2025 | 4.54 Mn |
| Sep 30, 2025 | 4.68 Mn |
| Jun 30, 2025 | 5.50 Mn |
| Mar 31, 2025 | 5.56 Mn |
| Dec 31, 2024 | 5.21 Mn |
| Sep 30, 2024 | 4.96 Mn |
| Jun 30, 2024 | 5.16 Mn |
| Mar 31, 2024 | 5.26 Mn |
| Dec 31, 2023 | 4.15 Mn |
| Sep 30, 2023 | 4.35 Mn |
| Jun 30, 2023 | 3.53 Mn |
| Mar 31, 2023 | 3.41 Mn |
| Dec 31, 2022 | 3.75 Mn |
| Sep 30, 2022 | 3.80 Mn |
| Jun 30, 2022 | 2.98 Mn |
| Mar 31, 2022 | 3.05 Mn |
| Dec 31, 2021 | 3.38 Mn |
| Sep 30, 2021 | 2.54 Mn |
API Access
Treace Medical Concepts 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=TMCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "TMCI", "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=TMCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();