Quick Answer
Nuwellis, Inc. reported R&D Expense of $2.71 million for fiscal year 2025.
Nuwellis, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $2.71M | -15.5% |
| 2024 | $3.21M | -40.8% |
| 2023 | $5.42M | +24.9% |
| 2022 | $4.34M | -12.8% |
| 2021 | $4.98M | +35.7% |
| 2020 | $3.67M | -21.5% |
| 2019 | $4.67M | +53.0% |
| 2018 | $3.05M | +106.1% |
| 2017 | $1.48M | -81.7% |
| 2016 | $8.11M | -54.1% |
| 2015 | $17.67M | +4.7% |
| 2014 | $16.87M | +25.0% |
| 2013 | $13.50M | +68.7% |
| 2012 | $8.00M | -28.5% |
| 2011 | $11.20M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $603.0K | +24.1% | -10.7% |
| June 30, 2025 | $675.0K | +21.0% | +22.7% |
| March 31, 2025 | $550.0K | -58.8% | +13.2% |
| September 30, 2024 | $486.0K | -56.5% | -12.9% |
| June 30, 2024 | $558.0K | -62.9% | -58.2% |
| March 31, 2024 | $1.33M | -6.6% | +19.4% |
| September 30, 2023 | $1.12M | +20.4% | -25.8% |
| June 30, 2023 | $1.50M | +36.0% | +5.4% |
- Nuwellis, Inc. showed a decrease of -15.5% in R&D Expense compared to the prior fiscal year.
- Over the 2011–2025 period, Nuwellis, Inc.’s r&d expense has declined by 75.8% (from $11.20 million to $2.71 million).
- The most recent figure is from Nuwellis, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 11, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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