Protolabs R&D Expense History
PRLB / Industrials|10 years of SEC 10-K data (FY2016-FY2025)
$43M in FY2025 with a 5-year CAGR of +3.0%.
Improved from $40M to $43M over the past 2 years.
At $43M, Protolabs's r&d expense ranks #112 of 167 in the Industrials sector. R&D Expense has increased for 3 consecutive years, from $38M in FY2022 to $43M in FY2025.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 3.42 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- +3.8%
- 5-Year CAGR
- +3.0%
- 10-Year CAGR
- -
R&D Expense Trend
#112 of 167 in IndustrialsTop 67% of 167This company $42.8M Sector average $283.8M
▼
-84.9% below sector average
Key Insights
- Protolabs's r&d expense has grown for 3 consecutive years.
- 5-year CAGR of +3.0%, indicating consistent growth.
- In FY2025, r&d expense increased 3.7% year-over-year.
- Ranks #112 out of 167 companies in the Industrials sector.
Annual Data
| Year | R&D Expense | YoY Growth |
|---|---|---|
| FY2025 | $42.8M | +3.7% |
| FY2024 | $41.3M | +2.9% |
| FY2023 | $40.1M | +5.0% |
| FY2022 | $38.2M | -13.6% |
| FY2021 | $44.2M | +19.8% |
| FY2020 | $36.9M | +13.0% |
| FY2019 | $32.7M | +13.8% |
| FY2018 | $28.7M | +22.0% |
| FY2017 | $23.6M | +5.2% |
| FY2016 | $22.4M | +22.0% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026