Shift4 (FOUR) r&d spend was $6M in FY2025 (+50% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$6M
+50%
2024
$4M
+300%
2023
$1M
+100%
2022
$500,000
-72%
2021
$2M
+50%
2020
$1M
-25%
2019
$2M
+0%
2018
$2M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q4 2025
$6M
Q4 2024
$4M
Q4 2023
$1M
Q4 2022
$500,000
Q4 2021
$2M
Q4 2020
$1M
Q4 2019
$2M
Q4 2018
$2M
Source: FOUR on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.