Quick Answer
Zhongchao Inc. reported R&D Expense of $252.5 thousand for fiscal year 2024.
Zhongchao Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $252.5K | -50.9% |
| 2023 | $514.4K | +25.0% |
| 2022 | $411.5K | -45.8% |
| 2021 | $758.9K | -7.1% |
| 2020 | $816.6K | -5.5% |
| 2019 | $864.3K | -40.3% |
| 2018 | $1.45M | +53.5% |
| 2017 | $943.3K | — |
- Zhongchao Inc. showed a decrease of -50.9% in R&D Expense compared to the prior fiscal year.
- Over the 2017–2024 period, Zhongchao Inc.’s r&d expense has declined by 73.2% (from $943.3 thousand to $252.5 thousand).
- The most recent figure is from Zhongchao Inc.’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 25, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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