QHSLab (USAQ) Research & Development (2019 - 2025)
QHSLab's Research & Development came in at $115,707 for Q4 2025, up 7.6% from $107,530 a year earlier but down 12.9% from the prior quarter.
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Analysis
QHSLab (USAQ) Research & Development (2019 - 2025) Analysis & Trends
For FY2025, QHSLab's Research & Development was $484,873, up 64.7% from FY2024.
- Research & Development has increased in each of the last four years, with a five-year compound annual growth rate of 37.6% (FY2020 to FY2025).
- Going back by year, Research & Development was $294,479 in FY2024 (+37.6%), $214,008 in FY2023 (+12.6%), $190,117 in FY2022 (+109.2%) and $90,874 in FY2021 (-7.5%).
- The five-year range for quarterly Research & Development is $15,271 (Q2 2021) to $132,769 (Q3 2025).
- Year-over-year, Research & Development has increased for seven consecutive quarters, with growth averaging 66.2% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q2 2022 (growth of 283.8%), and the weakest in Q1 2024 (a decline of 32.9%).
- Business Quant data shows USAQ's Research & Development at $132,769 (Q3 2025), $112,364 (Q2 2025) and $124,033 (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 51.57 Bn | 23.82 Bn | 695.95 Mn | 222.92 Mn |
| 3 | Samsara | 23.54 Bn | 20.31 Bn | 392.58 Mn | 102.56 Mn |
| 4 | Ptc | 22.16 Bn | 20.97 Bn | 490.47 Mn | 115.71 Mn |
| 5 | Toast | 18.20 Bn | 10.87 Bn | 516.00 Mn | 109.00 Mn |
| 6 | Trimble | 13.96 Bn | 13.03 Bn | 674.90 Mn | 177.10 Mn |
| 7 | Manhattan Associates | 13.22 Bn | 12.21 Bn | 168.33 Mn | 34.77 Mn |
| 8 | Costar | 12.85 Bn | 6.80 Bn | 728.00 Mn | 107.00 Mn |
| 9 | Bentley Systems | 11.44 Bn | 10.90 Bn | 336.74 Mn | 82.09 Mn |
| 10 | QHSLab | 3.50 Mn | 2.48 Mn | 488,259.00 | 115,707.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 115,707.00 |
| Sep 30, 2025 | 132,769.00 |
| Jun 30, 2025 | 112,364.00 |
| Mar 31, 2025 | 124,033.00 |
| Dec 31, 2024 | 107,530.00 |
| Sep 30, 2024 | 79,500.00 |
| Jun 30, 2024 | 64,812.00 |
| Mar 31, 2024 | 42,638.00 |
| Dec 31, 2023 | 44,519.00 |
| Sep 30, 2023 | 45,419.00 |
| Jun 30, 2023 | 60,522.00 |
| Mar 31, 2023 | 63,547.00 |
| Dec 31, 2022 | 54,119.00 |
| Sep 30, 2022 | 48,405.00 |
| Jun 30, 2022 | 58,615.00 |
| Mar 31, 2022 | 28,979.00 |
| Dec 31, 2021 | 27,973.00 |
| Sep 30, 2021 | 19,609.00 |
| Jun 30, 2021 | 15,271.00 |
| Mar 31, 2021 | 28,021.00 |
API Access
QHSLab 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=USAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "USAQ", "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=USAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();