Cheche (CCG) Research & Development (2022 - 2025)
Cheche's (CCG) quarterly Research & Development came in at -$4.4 million in Q4 2025, down 64.0% YoY from -$12.3 million in Q4 2024, and up 14.75% on a QoQ basis from -$5.2 million in Q2 2025.
Analysis
Cheche (CCG) Research & Development (2022 - 2025) Analysis & Trends
Cheche (CCG) has 4 years of Research & Development data on file, last reported at -$4.4 million in Q4 2025.
- Quarterly Research & Development fell 64.0% year-over-year to -$4.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$14.9 million (down 35.14% YoY) and the FY2025 annual result came in at -$9.8 million, up 10.4% from the prior year.
- Research & Development advanced to -$4.4 million in Q4 2025, from -$5.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$2.4 million in Q2 2023 to a low of -$5.3 million in Q3 2023.
- A 4-year average of -$3.8 million and a median of -$3.8 million in 2022 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development surged 51.7% — and 2025, when it sank 95.34%.
- Tracing CCG's Research & Development over 4 years: stood at -$4.6 million in 2022, then advanced by 23.58% to -$3.5 million in 2023, then gained by 22.33% to -$2.7 million in 2024, then tumbled by 64.0% to -$4.4 million in 2025.
- The last three Research & Development figures came in at -$4.4 million (Q4 2025), -$5.2 million (Q2 2025), and -$2.7 million (Q4 2024), per Business Quant data.
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 | Cheche | 37.75 Mn | 37.77 Mn | 13.52 Mn | -4.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -4.43 Mn |
| Jun 30, 2025 | -5.20 Mn |
| Dec 31, 2024 | -2.70 Mn |
| Sep 30, 2024 | -2.58 Mn |
| Jun 30, 2024 | -2.66 Mn |
| Mar 31, 2024 | -3.09 Mn |
| Dec 31, 2023 | -3.48 Mn |
| Sep 30, 2023 | -5.34 Mn |
| Jun 30, 2023 | -2.42 Mn |
| Mar 31, 2023 | -4.50 Mn |
| Dec 31, 2022 | -4.55 Mn |
| Sep 30, 2022 | -4.09 Mn |