Riverside Research is a company with a long and rich history spanning over 50 years. To understand how big Riverside Research is, we need to look at various factors like number of employees, annual revenue, locations, major contracts and projects, and areas of expertise.
Number of Employees
As of 2023, Riverside Research employs over 550 people. This makes it a medium-sized company in the industry. The employee count has steadily grown over the years as the company has taken on more projects and expanded into new areas.
Year | Number of Employees |
---|---|
1970 | 25 |
1980 | 75 |
1990 | 150 |
2000 | 350 |
2010 | 450 |
2020 | 525 |
2023 | 550 |
As seen in the table above, Riverside Research had just 25 employees when it was founded in 1970. The company saw steady growth over the next few decades, reaching 150 employees by 1990. Growth accelerated in the 2000s with the expansion of defense, intelligence, and federal contracts. Today, Riverside employs over 500 experts across multiple disciplines and locations.
Annual Revenue
As a privately held company, Riverside Research does not disclose its exact revenue figures. However, estimates put the company’s annual revenue between $150 million to $200 million based on contract values and industry benchmarks.
Major multi-year contracts from federal agencies contribute significantly to Riverside’s annual revenue. For example, in 2018 the company was awarded a 5-year, $49 million contract by the Air Force Research Laboratory to provide research and development support. Contracts like these provide sustained revenue year-over-year.
Locations
Riverside Research is headquartered in New York City, but has multiple office locations distributed across the United States. Here are the major office locations:
- New York, NY (Headquarters)
- Dayton, OH
- Boston, MA
- Beavercreek, OH
- San Antonio, TX
- Hampton, VA
The Dayton office is the largest with over 200 employees. The distributed locations allow Riverside to better serve major clients like the Air Force, Army, and other federal agencies scattered across the country.
Major Contracts and Projects
Riverside Research has been awarded many major multi-year contracts from federal agencies, especially in the defense and intelligence domains. Here are some of the largest ongoing contracts:
- Air Force Research Laboratory (AFRL) – $49 million 5-year contract for research and development support in areas like sensors, autonomy, and hypersonics.
- Defense Advanced Research Projects Agency (DARPA) – $45 million contract to lead the development of AI technologies for analyzing multi-domain sensor data.
- Intelligence Advanced Research Projects Activity (IARPA) – $17 million contract for a cybersecurity research program focused on combatting botnets.
- Army Research Office – $10 million per year indefinite delivery/indefinite quantity contract for basic research in material science, biomedicine, and other areas.
These large multi-year contracts provide steady income and enable expansion into new research areas over time. The contract values also demonstrate Riverside’s technical capabilities in delivering advanced R&D programs.
Areas of Expertise
Riverside Research has extensive expertise across a wide spectrum of domains. Some of the major areas include:
- Artificial Intelligence and Machine Learning
- Autonomy
- Sensors and Sensor Fusion
- Communications and Networking
- Cybersecurity
- Directed Energy
- Hypersonics
- Quantum Information Science
- Space Technologies
- Biotechnology
Within these domains, Riverside supports the full lifecycle from basic research to technology development, prototyping, test & evaluation, and field deployment. The ability to cover this wide range makes Riverside a valued partner on major defense and intelligence programs.
Conclusion
In summary, Riverside Research has grown steadily over 50+ years into a medium-sized company specializing in advanced technology research for national security applications. The company generates $150-$200 million in annual revenue and employs over 500 scientists and engineers distributed across multiple US locations. Riverside is widely recognized for its expertise across emerging technologies like AI, autonomy, hypersonics, and quantum science. Major multi-year federal contracts in excess of $10 million per year provide stable income and enable expansion into new research domains. Given its long track record and diverse capabilities, Riverside Research is poised for continued success and growth in supporting critical defense and intelligence community missions.