Quick Answer
PULSE BIOSCIENCES, INC. reported R&D Expense of $44.72 million for fiscal year 2025.
PULSE BIOSCIENCES, INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $44.72M | +38.3% |
| 2024 | $32.34M | +16.3% |
| 2023 | $27.80M | +33.4% |
| 2022 | $20.84M | -27.2% |
| 2021 | $28.64M | +8.3% |
| 2020 | $26.44M | +5.9% |
| 2019 | $24.96M | +44.7% |
| 2018 | $17.25M | +78.9% |
| 2017 | $9.65M | +75.2% |
| 2016 | $5.51M | +152.5% |
| 2015 | $2.18M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $11.39M | +47.9% | -5.7% |
| June 30, 2025 | $12.09M | +67.2% | +17.2% |
| March 31, 2025 | $10.31M | +53.0% | +33.9% |
| September 30, 2024 | $7.70M | +3.1% | +6.5% |
| June 30, 2024 | $7.23M | +8.0% | +7.3% |
| March 31, 2024 | $6.74M | +15.6% | -9.8% |
| September 30, 2023 | $7.47M | +65.4% | +11.6% |
| June 30, 2023 | $6.70M | +22.7% | +14.9% |
- PULSE BIOSCIENCES, INC. showed an increase of +38.3% in R&D Expense compared to the prior fiscal year.
- Over the 2015–2025 period, PULSE BIOSCIENCES, INC.’s r&d expense has grown by 1950.5% (from $2.18 million to $44.72 million).
- The most recent figure is from PULSE BIOSCIENCES, 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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