Company / R&D Expense
Ciena R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$848.3M
FY2025
5-year range
$536.7M / $848.3M
FY2021-FY2025
Trend
+10.5%
vs FY2024
Sector context
#42 of 251
Information Technology
What the data says
Ciena's r&d expense of $848M is higher than 83% of companies in the Information Technology sector (FY2025). R&D Expense has increased for 5 consecutive years, from $530M in FY2020 to $848M in FY2025.
Based on SEC 10-K filings.
$848M in FY2025 with a 5-year CAGR of +9.9%. Top quartile in the Information Technology sector.
Improved from $751M to $848M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +10.7%
- 5-Year CAGR
- +9.9%
- 10-Year CAGR
- -
Sector benchmark
-10.2% below sector average
Key checks
Key Insights
- Ciena's r&d expense has grown for 5 consecutive years.
- 5-year CAGR of +9.9%, indicating consistent growth.
- In FY2025, r&d expense increased 10.5% year-over-year.
- Ranks #42 out of 251 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 1.10 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $848.3M | +10.5% |
| FY2024 | $767.5M | +2.3% |
| FY2023 | $750.6M | +20.2% |
| FY2022 | $624.7M | +16.4% |
| FY2021 | $536.7M | +1.3% |
| FY2020 | $529.9M | -3.3% |
| FY2019 | $548.1M | +11.5% |
| FY2018 | $491.6M | +3.4% |
| FY2017 | $475.3M | +5.2% |
| FY2016 | $451.8M | +9.1% |
As of FY2025 · SEC 10-K · Updated Mar 29, 2026