Cheetah Mobile (CMCM) Research & Development (2013 - 2025)

Cheetah Mobile has reported Research & Development for 13 years, with the latest figure at -$21.4 million in Q4 2025.

• For the quarter ending Q4 2025, Research & Development fell 138.8% year-over-year to -$21.4 million; the trailing twelve-month figure through Dec 2025 stood at -$48.8 million (down 44.21% YoY), and the FY2025 full-year result was $49.5 million, up 48.45% from the prior year.
• Research & Development for Q4 2025 stood at -$21.4 million, down from -$9.5 million in the prior quarter.
• The five-year high for Research & Development was -$6.3 million in Q3 2023, with the low at -$21.4 million in Q4 2025.
• Historically, Research & Development has averaged -$9.9 million across 5 years, with a median of -$9.0 million in 2024.
• Annual changes were most pronounced in 2021 — Research & Development soared 58.62% — and 2025, when it tumbled 138.8%.
• Cheetah Mobile's Research & Development stood at -$14.2 million in 2021, then gained by 12.54% to -$12.5 million in 2022, then gained by 3.49% to -$12.0 million in 2023, then grew by 25.35% to -$9.0 million in 2024, then tumbled by 138.8% to -$21.4 million in 2025.
• The last three Research & Development figures came in at -$21.4 million (Q4 2025), -$9.5 million (Q3 2025), and -$9.4 million (Q2 2025), per Business Quant data.