QHSLab (USAQ) Research & Development (2019 - 2026)
QHSLab's Research & Development came in at $120,909 for Q1 2026, down 2.5% from $124,033 a year earlier but up 4.5% from the prior quarter.
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Analysis
QHSLab (USAQ) Research & Development (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, QHSLab reported Research & Development of $481,749, up 28.2% year-over-year; for FY2025, it came in at $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 increased in seven of the last eight quarters, with growth averaging 70.0%.
- 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 $115,707 (Q4 2025), $132,769 (Q3 2025) and $112,364 (Q2 2025) in the three quarters before Q1 2026.
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 | 49.39 Bn | 21.63 Bn | 695.95 Mn | 222.92 Mn |
| 3 | Samsara | 23.96 Bn | 20.73 Bn | 392.58 Mn | 102.56 Mn |
| 4 | Ptc | 22.37 Bn | 21.18 Bn | 490.47 Mn | 115.71 Mn |
| 5 | Toast | 20.05 Bn | 12.69 Bn | 543.00 Mn | 103.00 Mn |
| 6 | Manhattan Associates | 14.85 Bn | 13.91 Bn | 174.30 Mn | 35.54 Mn |
| 7 | Bentley Systems | 13.89 Bn | 13.37 Bn | 349.55 Mn | 81.47 Mn |
| 8 | Trimble | 12.57 Bn | 11.65 Bn | 659.10 Mn | 162.90 Mn |
| 9 | Costar | 12.28 Bn | 7.66 Bn | 741.00 Mn | 109.00 Mn |
| 10 | QHSLab | 4.81 Mn | 3.49 Mn | 470,803.00 | 120,909.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 120,909.00 |
| 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 |
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();