Autohome (ATHM) Research & Development (2012 - 2026)
Autohome (ATHM) posted quarterly Research & Development of -$105.6 million for Q4 2025, down 7.4% year-over-year from -$114.1 million in Q4 2024, and down 21.18% quarter-over-quarter from -$87.2 million in Q3 2025.
Analysis
Autohome (ATHM) Research & Development (2012 - 2026) Analysis & Trends
Autohome's Research & Development history runs 14 years deep, the most recent figure standing at -$105.6 million for Q4 2025.
- In Q4 2025, Research & Development fell 7.4% year-over-year to -$105.6 million; the TTM figure through Dec 2025 stood at -$355.6 million (up 14.43% YoY), while the FY2025 annual figure was $362.2 million, down 11.53% from the prior year.
- Research & Development for Q4 2025 stood at -$105.6 million, down from -$87.2 million in the prior quarter.
- The five-year high for Research & Development was -$74.9 million in Q1 2025, with the low at -$128.2 million in Q3 2023.
- The 5-year median for Research & Development is -$103.2 million (2023), against an average of -$102.1 million.
- The sharpest annual moves came in 2021 and 2025: Research & Development tumbled 40.73% in 2021, then soared 30.22% in 2025.
- Autohome's Research & Development stood at -$126.0 million in 2021, then climbed by 22.58% to -$97.5 million in 2022, then retreated by 5.45% to -$102.8 million in 2023, then grew by 4.37% to -$98.3 million in 2024, then dropped by 7.4% to -$105.6 million in 2025.
- Business Quant data shows ATHM's Research & Development at -$105.6 million in Q4 2025, -$87.2 million in Q3 2025, and -$87.9 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 468.43 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 191.00 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 231.28 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -148.13 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -35.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 451.01 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 158.25 Mn |
| 10 | Autohome | 2.57 Bn | -92.55 Mn | 136.18 Mn | -81.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -81.38 Mn |
| Mar 31, 2026 | -73.41 Mn |
| Dec 31, 2025 | -105.61 Mn |
| Sep 30, 2025 | -87.16 Mn |
| Jun 30, 2025 | -87.94 Mn |
| Mar 31, 2025 | -74.92 Mn |
| Dec 31, 2024 | -98.34 Mn |
| Sep 30, 2024 | -124.91 Mn |
| Jun 30, 2024 | -103.55 Mn |
| Mar 31, 2024 | -88.82 Mn |
| Dec 31, 2023 | -102.83 Mn |
| Sep 30, 2023 | -128.18 Mn |
| Jun 30, 2023 | -113.65 Mn |
| Mar 31, 2023 | -76.17 Mn |
| Dec 31, 2022 | -97.52 Mn |
| Sep 30, 2022 | -121.27 Mn |
| Jun 30, 2022 | -110.29 Mn |
| Mar 31, 2022 | -93.43 Mn |
| Dec 31, 2021 | -125.96 Mn |
| Sep 30, 2021 | -110.53 Mn |