Company / R&D Expense
QUANTUM X LABS INC. R&D Expense History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$2.9M
FY2024
5-year range
$108.0K / $3.3M
FY2020-FY2024
Trend
-11.1%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 7 years, ranging from $0 in FY2015 to $3M in FY2023.
Based on SEC 10-K filings.
$3M in FY2024 with a 5-year CAGR of +62.2%.
Improved from $2M to $3M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +199.2%
- 5-Year CAGR
- +62.2%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +62.2%, indicating consistent growth.
- In FY2024, r&d expense decreased 11.1% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2015.
Company context
Key Data Points
- Altman Z-Score 0.15 (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 |
|---|---|---|
| FY2024 | $2.9M | -11.1% |
| FY2023 | $3.3M | +37.4% |
| FY2022 | $2.4M | +2093.5% |
| FY2021 | $108.0K | -53.6% |
| FY2020 | $233.0K | -9.7% |
| FY2019 | $258.0K | - |
| FY2015 | $0 | - |
| FY2014 | - | - |
| FY2013 | - | - |
| FY2012 | - | - |
As of FY2024 · SEC 10-K · Updated Jun 28, 2026