Quick Answer
Light & Wonder, Inc. reported R&D Expense of $252.00 million for fiscal year 2025.
Light & Wonder, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $252.00M | -3.8% |
| 2024 | $262.00M | +14.9% |
| 2023 | $228.00M | +4.6% |
| 2022 | $218.00M | +14.7% |
| 2021 | $190.00M | +28.4% |
| 2020 | $148.00M | -10.8% |
| 2019 | $166.00M | -17.8% |
| 2018 | $202.00M | +9.8% |
| 2017 | $184.00M | -10.2% |
| 2016 | $204.80M | +11.4% |
| 2015 | $183.90M | +57.2% |
| 2014 | $117.00M | +350.0% |
| 2013 | $26.00M | +293.9% |
| 2012 | $6.60M | +8.2% |
| 2011 | $6.10M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $62.00M | -6.1% | -3.1% |
| June 30, 2025 | $64.00M | -3.0% | -1.5% |
| March 31, 2025 | $65.00M | +4.8% | -1.5% |
| September 30, 2024 | $66.00M | +20.0% | +0.0% |
| June 30, 2024 | $66.00M | +13.8% | +6.5% |
| March 31, 2024 | $62.00M | +14.8% | +12.7% |
| September 30, 2023 | $55.00M | -1.8% | -5.2% |
| June 30, 2023 | $58.00M | +3.6% | +7.4% |
- Light & Wonder, Inc. showed a decrease of -3.8% in R&D Expense compared to the prior fiscal year.
- Over the 2011–2025 period, Light & Wonder, Inc.’s r&d expense has grown by 4031.1% (from $6.10 million to $252.00 million).
- The most recent figure is from Light & Wonder, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 24, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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