What is UFP Technologies's R&D?

UFP Technologies (UFPT) reported R&D of $2.15M in Q4 2025.

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

UFP Technologies's R&D decreased by 17.3% year-over-year, from $2.6M to $2.15M.

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

Over 4 years (2021 to 2025), UFP Technologies's R&D has grown at a 0.3% compound annual growth rate (CAGR), from $8.5M to $8.6M.

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

UFP Technologies UFPT R&D

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Other financials

Income statement

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Revenue$154.2M+4.1%

Gross profit$44.4M+5.2%

Operating income$23.4M+1.0%

Net income$17.5M+1.8%

EPS (diluted)$2.24+1.4%

Balance sheet

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Cash & equivalents$20.0M+42.4%

Total debt$156.1M-21.4%

Total equity$438.9M+21.7%

Total assets$674.7M+5.0%

Cash flow

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Operating cash flow$3.2M-76.8%

CapEx$2.9M+3.1%

Free cash flow$22.5M+151%

Valuation

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Market cap$1.88B-3.6%

Profitability

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Gross margin28.4%-0.6pp

Operating margin15.2%-0.9pp

Net margin11.3%-0.3pp

FCF margin12.3%+2.0pp

Returns & leverage

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Return on equity17.2%-2.2pp

Debt / equity0.4×-0.2×

Current ratio2.9×+0.3×

Where this comes from

Reported directly by UFP Technologies in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: UFP Technologies’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UFP Technologies's R&D?: UFP Technologies (UFPT) reported R&D of $2.15M in Q4 2025.
How has UFP Technologies's R&D changed year-over-year?: UFP Technologies's R&D decreased by 17.3% year-over-year, from $2.6M to $2.15M.
What is the long-term trend for UFP Technologies's R&D?: Over 4 years (2021 to 2025), UFP Technologies's R&D has grown at a 0.3% compound annual growth rate (CAGR), from $8.5M to $8.6M.
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.