Kashcade's RDTI23

Drawing on data from the ATO, ASIC, LinkedIn, and other public sources, Kashcade's RDTI23 report analyses insights from around 13,000 RDTI claimants — covering survival rates, sector trends, geography, employment, and more.

Whether you’re advising clients, shaping policy, or deploying capital, this report is designed to inform your decisions.

Published 29 September 2025.

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Key Insights at a Glance

130k

full-time equivalents are estimated to be employed by RDTI companies in Australia.

1.7%

of RDTI companies had failed by September 2025, compared to 14.3% across all Aussie companies.

$372k

was the median company's R&D expenditure across the cohort, up from $328k in FY22.

📘 What's Inside?

This report provides a detailed analysis of how the R&D Tax Incentive is shaping innovation across Australia. It examines trends across sub-industries, geographic regions, company survival, employment, and international comparisons.

The insights are designed to support advisers, investors, and policymakers in understanding where innovation is occurring, who is driving it, and how the program is being used.

R&D spending patterns across company sizes, stages, and industries
Regional hotspots showing where RDTI activity is concentrated
Business resilience and jobs - how RDTI companies are surviving and supporting the workforce
Global benchmarking to understand how Australia’s program stacks up internationally

Interested in finding out more?

Contact us about questions/feedback on the report

RDTIReview@kashcade.com

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Fuelled by data, backed by Kashcade.

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