Ultralife (ULBI) Research & Development (2009 - 2026)
Ultralife (ULBI) reported Research & Development of $3.19 million for Q3 2026, up 11.7% from $2.86 million a year earlier but down 1.1% from the prior quarter.
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Analysis
Ultralife (ULBI) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Ultralife's Research & Development came in at $13.88 million, up 23.1% year-over-year; for FY2025, it came in at $12.08 million, up 26.5% from FY2024.
- Research & Development has increased for three consecutive years, with a five-year compound annual growth rate of 10.5% (FY2020 to FY2025).
- By year, Research & Development came in at $9.55 million in FY2024 (+11.2%), $8.59 million in FY2023 (+9.1%), $7.87 million in FY2022 (-2.1%) and $8.04 million in FY2021 (+9.9%).
- Five-year quarterly Research & Development spans a low of $1.67 million in Q2 2022 and a high of $4.5 million in Q4 2025.
- Year over year, Research & Development has now increased in each of the last ten quarters, with growth averaging 26.5% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q2 2026 (growth of 39.1%); the low point was Q1 2024 (a decline of 13.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $3.23 million (Q2 2026), $2.96 million (Q1 2026) and $4.5 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 358.00 Mn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 64.15 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 67.22 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 45.57 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 3.83 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 63.83 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 32.20 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | - |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 10.30 Mn |
| 10 | Ultralife | 262.13 Mn | 228.71 Mn | 13.29 Mn | 3.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.19 Mn |
| Jun 30, 2026 | 3.23 Mn |
| Mar 31, 2026 | 2.96 Mn |
| Dec 31, 2025 | 4.50 Mn |
| Sep 30, 2025 | 2.86 Mn |
| Jun 30, 2025 | 2.32 Mn |
| Mar 31, 2025 | 2.40 Mn |
| Dec 31, 2024 | 3.70 Mn |
| Sep 30, 2024 | 2.10 Mn |
| Jun 30, 2024 | 2.00 Mn |
| Mar 31, 2024 | 1.76 Mn |
| Dec 31, 2023 | 2.91 Mn |
| Sep 30, 2023 | 1.87 Mn |
| Jun 30, 2023 | 1.78 Mn |
| Mar 31, 2023 | 2.03 Mn |
| Dec 31, 2022 | 2.45 Mn |
| Sep 30, 2022 | 1.90 Mn |
| Jun 30, 2022 | 1.67 Mn |
| Mar 31, 2022 | 1.86 Mn |
| Dec 31, 2021 | 2.82 Mn |
API Access
Ultralife 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=ULBI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ULBI", "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=ULBI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();