Quick Answer
MAGIC SOFTWARE ENTERPRISES LTD reported R&D Expense of $13.31 million for fiscal year 2024.
MAGIC SOFTWARE ENTERPRISES LTD R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $13.31M | +28.9% |
| 2023 | $10.33M | +2.4% |
| 2022 | $10.09M | +12.2% |
| 2021 | $8.99M | +2.3% |
| 2020 | $8.79M | +6.7% |
| 2019 | $8.24M | +44.6% |
| 2018 | $5.70M | -17.9% |
| 2017 | $6.94M | +18.9% |
| 2016 | $5.84M | +19.5% |
| 2015 | $4.89M | +2.9% |
| 2014 | $4.75M | +0.0% |
| 2013 | $4.75M | +61.2% |
| 2012 | $2.95M | +44.0% |
| 2011 | $2.05M | -1.2% |
| 2010 | $2.07M | +58.2% |
| 2009 | $1.31M | — |
- MAGIC SOFTWARE ENTERPRISES LTD showed an increase of +28.9% in R&D Expense compared to the prior fiscal year.
- Over the 2009–2024 period, MAGIC SOFTWARE ENTERPRISES LTD’s r&d expense has grown by 916.0% (from $1.31 million to $13.31 million).
- The most recent figure is from MAGIC SOFTWARE ENTERPRISES LTD’s fiscal year 2024 report (Form 20-F), filed with the SEC on May 15, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
Last verified: