Quick Answer
SEAFARER EXPLORATION CORP reported R&D Expense of $325.2 thousand for fiscal year 2023.
SEAFARER EXPLORATION CORP R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2023 | $325.2K | +88.1% |
| 2022 | $172.9K | -60.7% |
| 2021 | $439.8K | -5.1% |
| 2020 | $463.5K | +4.4% |
| 2019 | $444.0K | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $183.7K | +66.5% | +66.5% |
| September 30, 2024 | $110.3K | — | -16.4% |
| March 31, 2024 | $131.9K | +311.0% | +78.7% |
| June 30, 2023 | $73.8K | -7.5% | +130.0% |
| March 31, 2023 | $32.1K | — | -59.8% |
| June 30, 2022 | $79.8K | — | +12.0% |
| March 31, 2021 | $71.3K | -0.2% | -25.4% |
| September 30, 2020 | $95.5K | -54.6% | -22.3% |
- SEAFARER EXPLORATION CORP showed an increase of +88.1% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2023 period, SEAFARER EXPLORATION CORP’s r&d expense has declined by 26.8% (from $444.0 thousand to $325.2 thousand).
- The most recent figure is from SEAFARER EXPLORATION CORP’s fiscal year 2023 report (Form 10-K), filed with the SEC on March 26, 2024.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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