Greenpower Motor R&D Spending Growth & History (GP)

Greenpower Motor's r&d spending was $701,369 for fiscal 2026.

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Greenpower Motor annual r&d spending history

Greenpower Motor annual r&d spending

Fiscal yearPeriod endedR&D spendingChangeGrowth
20262026-03-31$701,369−$637,831−47.63%
20252025-03-31$1.3M−$472,272−26.07%
20242024-03-31$1.8M−$278,866−13.34%
20232023-03-31$2.1M$709,237+51.35%
20222022-03-31$1.4M$441,152+46.93%
20212021-03-31$939,949−$33,197−3.41%
20202020-03-31$973,146$535,938+122.58%
20192019-03-31$437,208$185,382+73.62%
20182018-03-31$251,826

Greenpower Motor r&d spending trends

Over the last five fiscal years, Greenpower Motor's r&d spending decreased from $939,949 to $701,369, a change of −$238,580. The latest reported quarter, Q1 2027, shows $71,356.

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.

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