People annual r&d spending
2018
2019
2020
2021
2022
2023
2024
2025
People R&D Spending Growth & History (PPLI)
People's r&d spending was $196.0M for fiscal 2025.
View full People company overviewPeople annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $196.0M | −$32.3M | −14.15% |
| 2024 | 2024-12-31 | $228.3M | −$9.6M | −4.04% |
| 2023 | 2023-12-31 | $237.9M | −$80.1M | −25.18% |
| 2022 | 2022-12-31 | $318.0M | $87.2M | +37.79% |
| 2021 | 2021-12-31 | $230.8M | $45.5M | +24.54% |
| 2020 | 2020-12-31 | $185.3M | $52.7M | +39.73% |
| 2019 | 2019-12-31 | $132.6M | −$44.7M | −25.19% |
| 2018 | 2018-12-31 | $177.3M | — | — |
People quarterly r&d spending
Q1.19
Q2.19
Q3.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $33.7M | −$471,000 | −1.38% |
| Q1 2026 | 2026-03-31 | $39.7M | $4.0M | +11.06% |
| Q4 2025 | 2025-12-31 | $76.6M | $18.9M | +32.69% |
| Q3 2025 | 2025-09-30 | $49.5M | −$4.5M | −8.27% |
| Q2 2025 | 2025-06-30 | $34.2M | −$19.2M | −36.01% |
| Q1 2025 | 2025-03-31 | $35.7M | −$27.5M | −43.48% |
| Q4 2024 | 2024-12-31 | $57.8M | — | — |
| Q3 2024 | 2024-09-30 | $53.9M | −$25.8M | −32.32% |
| Q2 2024 | 2024-06-30 | $53.4M | −$33.0M | −38.22% |
| Q1 2024 | 2024-03-31 | $63.2M | −$21.5M | −25.41% |
| Q3 2023 | 2023-09-30 | $79.7M | $4.3M | +5.68% |
| Q2 2023 | 2023-06-30 | $86.4M | $1.5M | +1.75% |
| Q1 2023 | 2023-03-31 | $84.8M | $592,000 | +0.70% |
| Q4 2022 | 2022-12-31 | $73.5M | $281,000 | +0.38% |
| Q3 2022 | 2022-09-30 | $75.4M | $23.1M | +44.28% |
| Q2 2022 | 2022-06-30 | $84.9M | $32.7M | +62.56% |
| Q1 2022 | 2022-03-31 | $84.2M | $31.1M | +58.61% |
| Q4 2021 | 2021-12-31 | $73.2M | $47.9M | +189.29% |
| Q3 2021 | 2021-09-30 | $52.3M | $552,000 | +1.07% |
| Q2 2021 | 2021-06-30 | $52.2M | $5.9M | +12.72% |
| Q1 2021 | 2021-03-31 | $53.1M | −$8.9M | −14.33% |
| Q4 2020 | 2020-12-31 | $25.3M | — | — |
| Q3 2020 | 2020-09-30 | $51.7M | $1.7M | +3.47% |
| Q2 2020 | 2020-06-30 | $46.3M | $403,000 | +0.88% |
| Q1 2020 | 2020-03-31 | $62.0M | $17.5M | +39.48% |
| Q3 2019 | 2019-09-30 | $50.0M | — | — |
| Q2 2019 | 2019-06-30 | $45.9M | — | — |
| Q1 2019 | 2019-03-31 | $44.4M | — | — |
People r&d spending trends
Over the last five fiscal years, People's r&d spending increased from $185.3M to $196.0M, a change of $10.7M. The latest reported quarter, Q2 2026, shows $33.7M.
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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