CarGurus annual r&d spending
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
CarGurus R&D Spending Growth & History (CARG)
CarGurus's r&d spending was $138.3M for fiscal 2025.
View full CarGurus company overviewCarGurus annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $138.3M | −$731,000 | −0.53% |
| 2024 | 2024-12-31 | $139.0M | $2.3M | +1.65% |
| 2023 | 2023-12-31 | $136.8M | $13.0M | +10.49% |
| 2022 | 2022-12-31 | $123.8M | $17.3M | +16.30% |
| 2021 | 2021-12-31 | $106.4M | $20.7M | +24.14% |
| 2020 | 2020-12-31 | $85.7M | $16.3M | +23.41% |
| 2019 | 2019-12-31 | $69.5M | $21.6M | +45.12% |
| 2018 | 2018-12-31 | $47.9M | $25.4M | +113.02% |
| 2017 | 2017-12-31 | $22.5M | $11.0M | +96.19% |
| 2016 | 2016-12-31 | $11.5M | $3.2M | +39.08% |
| 2015 | 2015-12-31 | $8.2M | — | — |
CarGurus quarterly r&d spending
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Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
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Q3.20
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Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $38.1M | $4.4M | +13.08% |
| Q1 2026 | 2026-03-31 | $37.7M | $2.6M | +7.55% |
| Q4 2025 | 2025-12-31 | $33.2M | $2.7M | +8.79% |
| Q3 2025 | 2025-09-30 | $36.3M | −$43,000 | −0.12% |
| Q2 2025 | 2025-06-30 | $33.7M | −$2.9M | −7.80% |
| Q1 2025 | 2025-03-31 | $35.0M | −$517,000 | −1.45% |
| Q4 2024 | 2024-12-31 | $30.5M | $3.2M | +11.73% |
| Q3 2024 | 2024-09-30 | $36.4M | $925,000 | +2.61% |
| Q2 2024 | 2024-06-30 | $36.6M | −$811,000 | −2.17% |
| Q1 2024 | 2024-03-31 | $35.5M | −$1.1M | −2.90% |
| Q4 2023 | 2023-12-31 | $27.3M | −$4.2M | −13.40% |
| Q3 2023 | 2023-09-30 | $35.4M | $5.2M | +17.30% |
| Q2 2023 | 2023-06-30 | $37.4M | $6.0M | +19.25% |
| Q1 2023 | 2023-03-31 | $36.6M | $6.0M | +19.42% |
| Q4 2022 | 2022-12-31 | $31.6M | $4.5M | +16.47% |
| Q3 2022 | 2022-09-30 | $30.2M | $3.7M | +13.82% |
| Q2 2022 | 2022-06-30 | $31.4M | $3.7M | +13.48% |
| Q1 2022 | 2022-03-31 | $30.7M | $5.5M | +21.81% |
| Q4 2021 | 2021-12-31 | $27.1M | $7.1M | +35.47% |
| Q3 2021 | 2021-09-30 | $26.5M | $5.8M | +27.85% |
| Q2 2021 | 2021-06-30 | $27.6M | $5.7M | +26.24% |
| Q1 2021 | 2021-03-31 | $25.2M | $2.1M | +9.01% |
| Q4 2020 | 2020-12-31 | $20.0M | $1.6M | +8.69% |
| Q3 2020 | 2020-09-30 | $20.8M | $3.0M | +16.98% |
| Q2 2020 | 2020-06-30 | $21.9M | $4.5M | +26.18% |
| Q1 2020 | 2020-03-31 | $23.1M | $7.1M | +44.53% |
| Q4 2019 | 2019-12-31 | $18.4M | $4.2M | +30.00% |
| Q3 2019 | 2019-09-30 | $17.7M | $5.0M | +38.95% |
| Q2 2019 | 2019-06-30 | $17.3M | $5.5M | +46.45% |
| Q1 2019 | 2019-03-31 | $16.0M | $6.9M | +75.56% |
| Q4 2018 | 2018-12-31 | $14.2M | $5.8M | +70.17% |
| Q3 2018 | 2018-09-30 | $12.8M | $7.0M | +120.34% |
| Q2 2018 | 2018-06-30 | $11.8M | $7.1M | +151.52% |
| Q1 2018 | 2018-03-31 | $9.1M | $5.5M | +149.40% |
| Q4 2017 | 2017-12-31 | $8.3M | — | — |
| Q3 2017 | 2017-09-30 | $5.8M | $2.8M | +94.24% |
| Q2 2017 | 2017-06-30 | $4.7M | — | — |
| Q1 2017 | 2017-03-31 | $3.6M | — | — |
| Q3 2016 | 2016-09-30 | $3.0M | — | — |
CarGurus r&d spending trends
Over the last five fiscal years, CarGurus's r&d spending increased from $85.7M to $138.3M, a change of $52.6M. The latest reported quarter, Q2 2026, shows $38.1M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review CarGurus source filings ↗