How has Merit Medical Systems's research and development expense changed year-over-year?

Merit Medical Systems's research and development expense increased by 0.6% year-over-year, from $22.48M to $22.61M.

What is the long-term trend for Merit Medical Systems's research and development expense?

Over 4 years (2021 to 2025), Merit Medical Systems's research and development expense has grown at a 8.1% compound annual growth rate (CAGR), from $71.25M to $97.35M.

Merit Medical Systems MMSI Research and development expense

Research and development expense at other companies

Johnson & JohnsonJNJ

$3.53B+9.4%

Boston ScientificBSX

$516M+16.5%

MedtronicMDT

——

ITG

Integer HoldingsITGR

——

Other financials

Income statement

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Revenue$381.9M+7.5%

Gross profit$184.8M+7.4%

Operating income$44.2M+7.6%

Net income$41.0M+36.0%

EPS (diluted)$0.68+38.8%

Balance sheet

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Cash & equivalents$488.1M+23.4%

Total debt$821.6M+0.5%

Total equity$1.6B+13.9%

Total assets$2.7B+10.2%

Cash flow

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Operating cash flow$40.7M+0.3%

CapEx$16.0M-24.0%

Free cash flow$24.7M+26.5%

Valuation

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Market cap$4.01B-34.1%

Profitability

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Gross margin48.7%+0.9pp

Operating margin12.2%+0.6pp

Net margin9%+0.2pp

FCF margin14.3%+1.3pp

Returns & leverage

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Return on equity9.1%0.0pp

Debt / equity0.5×-0.1×

Current ratio5.1×+0.2×

Where this comes from

Reported directly by Merit Medical Systems in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The official record: Merit Medical Systems’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Merit Medical Systems's research and development expense?: Merit Medical Systems (MMSI) reported research and development expense of $22.61M in Q1 2026.
How has Merit Medical Systems's research and development expense changed year-over-year?: Merit Medical Systems's research and development expense increased by 0.6% year-over-year, from $22.48M to $22.61M.
What is the long-term trend for Merit Medical Systems's research and development expense?: Over 4 years (2021 to 2025), Merit Medical Systems's research and development expense has grown at a 8.1% compound annual growth rate (CAGR), from $71.25M to $97.35M.