Quick Answer
CarGurus, Inc. reported R&D Expense of $138.28 million for fiscal year 2025.
CarGurus, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $138.28M | -0.5% |
| 2024 | $139.01M | +1.7% |
| 2023 | $136.76M | +10.5% |
| 2022 | $123.77M | +16.3% |
| 2021 | $106.42M | +24.1% |
| 2020 | $85.73M | +23.4% |
| 2019 | $69.46M | +45.1% |
| 2018 | $47.87M | +113.0% |
| 2017 | $22.47M | +96.2% |
| 2016 | $11.45M | +39.1% |
| 2015 | $8.23M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $36.32M | -0.1% | +5.7% |
| June 30, 2025 | $34.37M | -6.0% | -5.2% |
| March 31, 2025 | $36.25M | +2.0% | -0.3% |
| September 30, 2024 | $36.36M | +2.6% | -0.6% |
| June 30, 2024 | $36.58M | -2.2% | +2.9% |
| March 31, 2024 | $35.55M | -2.9% | +0.3% |
| September 30, 2023 | $35.43M | +17.3% | -5.2% |
| June 30, 2023 | $37.39M | +19.3% | +2.1% |
- CarGurus, Inc. showed a decrease of -0.5% in R&D Expense compared to the prior fiscal year.
- Over the 2015–2025 period, CarGurus, Inc.’s r&d expense has grown by 1579.2% (from $8.23 million to $138.28 million).
- The most recent figure is from CarGurus, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 19, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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