Company / R&D Expense
MESA LABORATORIES INC /CO/ R&D Expense History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$20.3M
FY2025
5-year range
$10.4M / $20.5M
FY2021-FY2025
Trend
+4.0%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 9 years, ranging from $4M in FY2018 to $20M in FY2022.
Based on SEC 10-K filings.
$20M in FY2025 with a 5-year CAGR of +14.3%.
Improved from $10M to $20M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -0.3%
- 5-Year CAGR
- +14.3%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +14.3%, indicating consistent growth.
- In FY2025, r&d expense increased 4.0% year-over-year.
- Peak r&d expense was recorded in FY2022.
- Lowest r&d expense in the period was in FY2018.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.03 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | - | - |
| FY2025 | $20.3M | +4.0% |
| FY2024 | $19.5M | +87.9% |
| FY2023 | $10.4M | -49.3% |
| FY2022 | $20.5M | +30.0% |
| FY2021 | $15.8M | +51.8% |
| FY2020 | $10.4M | +63.5% |
| FY2019 | $6.4M | +81.3% |
| FY2018 | $3.5M | -0.9% |
| FY2017 | $3.5M | -14.9% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026