Cheche (CCGWW) Research & Development (2022 - 2025)

Cheche (CCGWW) 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 (CCGWW) 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Nebius 2,430,078.11 Bn 2,430,078.11 Bn 295.20 Mn 67.40 Mn
2 Alphabet 4,448.32 Bn 4,232.70 Bn 102.29 Bn 17.03 Bn
3 Meta Platforms 1,465.06 Bn 1,383.88 Bn 46.09 Bn 17.70 Bn
4 Spotify Technology 113.19 Bn 102.95 Bn 1.75 Bn 387.52 Mn
5 Reddit 33.56 Bn 30.79 Bn 511.94 Mn 207.25 Mn
6 Pinterest 12.93 Bn 11.63 Bn 768.96 Mn 380.79 Mn
7 Kanzhun 12.77 Bn 10.67 Bn 255.62 Bn -61.44 Bn
8 Match 8.28 Bn 7.26 Bn 653.28 Mn 116.81 Mn
9 Snap 7.91 Bn 5.08 Bn 1.29 Bn 478.30 Mn
10 Cheche - - 13.52 Mn -2.71 Mn

Historic Data

Download Data
DateValue
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