DVLT (DVLT) reported R&D of $5.73M in Q1 2026.

How has DVLT's R&D changed year-over-year?

DVLT's R&D increased by 142.7% year-over-year, from $2.36M to $5.73M.

What is the long-term trend for DVLT's R&D?

Over 4 years (2021 to 2025), DVLT's R&D has grown at a 33.2% compound annual growth rate (CAGR), from $5.24M to $16.5M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

DVLT DVLT R&D

R&D at other companies

MicrosoftMSFT

$8.92B+8.7%

NXT

Next Technology HoldingNXTT

$2.12M-41.4%

Domo, Inc.DOMO

$18.65M-6.6%

Energy Vault HoldingsNRGV

$2.59M-32.3%

BoxBOX

$75.91M+5.0%

Alphabet Inc.GOOGL

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Other financials

Income statement

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Revenue$3.4M+443%

Gross profit$111.0K+60.9%

Operating income-$31.0M-228%

Net income-$53.1M-456%

EPS (diluted)-$0.09+50.0%

Balance sheet

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Cash & equivalents$2.2M+1,189%

Total debt$4.4M+599%

Total equity$220.0M+169%

Total assets$250.1M+161%

Cash flow

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Operating cash flow-$8.7M-44.9%

CapEx$264.0K+408%

Free cash flow-$9.0M-48.0%

Valuation

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Market cap$299.45M+517%

Enterprise value$301.67M+522%

P/S7.2×-3.8×

Profitability

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Gross margin72.7%+55.4pp

Operating margin-696.6%-123pp

Net margin-294.3%-136pp

FCF margin-64.2%-30.5pp

Returns & leverage

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Return on equity-81.7%—

Debt / equity0×0.0×

Current ratio4.6×+4.0×

Where this comes from

Reported directly by DVLT in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: DVLT’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DVLT's R&D?: DVLT (DVLT) reported R&D of $5.73M in Q1 2026.
How has DVLT's R&D changed year-over-year?: DVLT's R&D increased by 142.7% year-over-year, from $2.36M to $5.73M.
What is the long-term trend for DVLT's R&D?: Over 4 years (2021 to 2025), DVLT's R&D has grown at a 33.2% compound annual growth rate (CAGR), from $5.24M to $16.5M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.