REV Group, Inc. Annual Research and Development Expense in USD from 2015 to 2023

Taxonomy & unit
us-gaap: USD
Description
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
Summary
REV Group, Inc. quarterly/annual Research and Development Expense history and growth rate from 2015 to 2023.
  • REV Group, Inc. Research and Development Expense for the quarter ending October 31, 2023 was $1.2M, a 7.69% decline year-over-year.
  • REV Group, Inc. Research and Development Expense for the twelve months ending October 31, 2023 was $4.7M, a 11.9% increase year-over-year.
  • REV Group, Inc. annual Research and Development Expense for 2023 was $4.7M, a 11.9% increase from 2022.
  • REV Group, Inc. annual Research and Development Expense for 2022 was $4.2M, a 4.55% decline from 2021.
  • REV Group, Inc. annual Research and Development Expense for 2021 was $4.4M, a 24.1% decline from 2020.
Research and Development Expense, Trailing 12 Months (USD)
Research and Development Expense, Annual (USD)
Research and Development Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $4.7M +$500K +11.9% Nov 1, 2022 Oct 31, 2023 10-K 2023-12-13
2022 $4.2M -$200K -4.55% Nov 1, 2021 Oct 31, 2022 10-K 2023-12-13
2021 $4.4M -$1.4M -24.1% Nov 1, 2020 Oct 31, 2021 10-K 2023-12-13
2020 $5.8M +$1M +20.8% Nov 1, 2019 Oct 31, 2020 10-K 2022-12-14
2019 $4.8M -$1.7M -26.2% Nov 1, 2018 Oct 31, 2019 10-K 2021-12-15
2018 $6.5M +$2.3M +54.8% Nov 1, 2017 Oct 31, 2018 10-K 2021-01-07
2017 $4.2M -$600K -12.5% Oct 30, 2016 Oct 31, 2017 10-K 2019-12-18
2016 $4.8M -$306K -5.99% Nov 1, 2015 Oct 29, 2016 10-K 2018-12-19
2015 $5.11M Nov 1, 2014 Oct 31, 2015 10-K 2017-12-21
* An asterisk sign (*) next to the value indicates that the value is likely invalid.