Badger Meter Inc (BMI) stock
BMINYSETotalizing Fluid Meters & Counting DevicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 23, 2026Score 25/3020% below fair value
$154.72+1.13 (+0.74%)
Close on Nov 13, 2026Market cap $4.42BP/E 32.3Yield 0.96%
Badger Meter r&d expenses
Research and development expenses are spending on new products and technology.
For fiscal 2025 it was $21.60M, up 12.5% from the year before. Over ten years it grew 7.4% a year on average. The highest annual figure on record is $21.60M in fiscal 2025.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $21.60M | +12.5% |
| FY2024 | Dec 31, 2024 | $19.20M | +1.1% |
| FY2023 | Dec 31, 2023 | $19.00M | +20.3% |
| FY2022 | Dec 31, 2022 | $15.80M | +7.5% |
| FY2021 | Dec 31, 2021 | $14.70M | +26.7% |
| FY2020 | Dec 31, 2020 | $11.60M | -2.5% |
| FY2019 | Dec 31, 2019 | $11.90M | +7.2% |
| FY2018 | Dec 31, 2018 | $11.10M | +4.7% |
| FY2017 | Dec 31, 2017 | $10.60M | 0.0% |
| FY2016 | Dec 31, 2016 | $10.60M | 0.0% |
| FY2015 | Dec 31, 2015 | $10.60M | +11.6% |
| FY2014 | Dec 31, 2014 | $9.50M | -9.5% |
| FY2013 | Dec 31, 2013 | $10.50M | +9.4% |
| FY2012 | Dec 31, 2012 | $9.60M | +18.5% |
| FY2011 | Dec 31, 2011 | $8.10M | +12.5% |
| FY2010 | Dec 31, 2010 | $7.20M | – |
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