Cheche (CCG) Research & Development (2022 - 2025)
Cheche (CCG) reported Research & Development of -$2.7 million for Q4 2025, down 113.64% on a YoY basis from $19.9 million in Q4 2024, and down 6.07% quarter-over-quarter from -$2.6 million in Q2 2025.
Cheche (CCG) Research & Development (2022 - 2025) Analysis & Trends
Cheche has reported Research & Development for 4 years, with the latest figure at -$2.7 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 113.64% year-over-year to -$2.7 million; the trailing twelve-month figure through Dec 2025 stood at -$8.0 million (down 51.31% YoY), and the FY2025 full-year result was -$5.3 million, down 2.42% from the prior year.
- Research & Development for Q4 2025 stood at -$2.7 million, down from -$2.6 million in the prior quarter.
- The five-year high for Research & Development was -$1.3 million in Q2 2024, with the low at -$2.9 million in Q1 2023.
- Historically, Research & Development has averaged -$1.9 million across 4 years, with a median of -$1.8 million in 2022.
- Annual changes were most pronounced in 2024 — Research & Development jumped 54.9% — and 2025, when it plunged 113.64%.
- Cheche's Research & Development stood at -$1.8 million in 2022, then climbed by 3.92% to -$1.7 million in 2023, then advanced by 27.38% to -$1.3 million in 2024, then slumped by 113.64% to -$2.7 million in 2025.
- The last three Research & Development figures came in at -$2.7 million (Q4 2025), -$2.6 million (Q2 2025), and -$1.3 million (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 67.40 Mn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 17.03 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 17.70 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 387.52 Mn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 207.25 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 380.79 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | -61.44 Bn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 478.30 Mn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 150.00 Mn |
| 10 | Cheche | 5.82 Mn | -14.58 Mn | 13.52 Mn | -2.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.71 Mn |
| Jun 30, 2025 | -2.55 Mn |
| Dec 31, 2024 | -1.27 Mn |
| Sep 30, 2024 | -1.45 Mn |
| Jun 30, 2024 | -1.26 Mn |
| Mar 31, 2024 | -1.30 Mn |
| Dec 31, 2023 | -1.75 Mn |
| Sep 30, 2023 | -1.85 Mn |
| Jun 30, 2023 | -1.65 Mn |
| Mar 31, 2023 | -2.88 Mn |
| Dec 31, 2022 | -1.82 Mn |
| Sep 30, 2022 | -2.02 Mn |