Exzeo (XZO) Research & Development (2024 - 2026)
Exzeo (XZO) reported Research & Development of $2.44 million for Q2 2026, up 3.7% from $2.35 million a year earlier and up 5.8% from the prior quarter.
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Analysis
Exzeo (XZO) Research & Development (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Exzeo's Research & Development came in at $9 million, up 15.4% year-over-year; for FY2025, it came in at $8.83 million, up 35.6% from FY2024.
- By year, Research & Development came in at $6.51 million in FY2024 (-0.2%) and $6.53 million in FY2023.
- Five-year quarterly Research & Development spans a low of $1.5 million in Q4 2024 and a high of $2.49 million in Q3 2025.
- Year over year, Research & Development has now increased in each of the last four quarters, with growth averaging 17.4% over the last four quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.31 million (Q1 2026), $1.76 million (Q4 2025) and $2.49 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.23 Bn | 8.45 Bn | - | 849.00 Mn |
| 2 | Block | 46.85 Bn | 18.15 Bn | 3.17 Bn | 608.66 Mn |
| 3 | Coinbase Global | 46.71 Bn | 3.52 Bn | - | 472.85 Mn |
| 4 | Corpay | 26.70 Bn | 16.59 Bn | - | - |
| 5 | Fiserv | 25.72 Bn | 22.40 Bn | 2.90 Bn | - |
| 6 | Global Payments | 22.62 Bn | 412.61 Mn | 2.03 Bn | - |
| 7 | Guidewire Software | 15.37 Bn | 11.94 Bn | 269.68 Mn | 90.59 Mn |
| 8 | Bitmine Immersion Technologies | 13.22 Bn | 10.60 Bn | 40.81 Mn | - |
| 9 | Chime Financial | 11.55 Bn | 7.34 Bn | 594.87 Mn | 112.11 Mn |
| 10 | Exzeo | 1.45 Bn | 636.95 Mn | 36.84 Mn | 2.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.44 Mn |
| Mar 31, 2026 | 2.31 Mn |
| Dec 31, 2025 | 1.76 Mn |
| Sep 30, 2025 | 2.49 Mn |
| Jun 30, 2025 | 2.35 Mn |
| Mar 31, 2025 | 2.22 Mn |
| Dec 31, 2024 | 1.50 Mn |
| Sep 30, 2024 | 1.73 Mn |
API Access
Exzeo 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=XZO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "XZO", "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=XZO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();