Cheetah Mobile (CMCM) Research & Development (2013 - 2025)
Cheetah Mobile (CMCM) reported Research & Development of -$21.4 million for Q4 2025, down 138.8% on a YoY basis from $55.2 million in Q4 2024, and down 124.47% quarter-over-quarter from -$9.5 million in Q3 2025.
Cheetah Mobile (CMCM) Research & Development (2013 - 2025) Analysis & Trends
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.
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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 | Cheetah Mobile | 873.48 Mn | 686.23 Mn | 29.37 Mn | -21.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -21.43 Mn |
| Sep 30, 2025 | -9.55 Mn |
| Jun 30, 2025 | -9.36 Mn |
| Mar 31, 2025 | -8.44 Mn |
| Dec 31, 2024 | -8.97 Mn |
| Sep 30, 2024 | -9.44 Mn |
| Jun 30, 2024 | -7.47 Mn |
| Mar 31, 2024 | -7.94 Mn |
| Dec 31, 2023 | -12.02 Mn |
| Sep 30, 2023 | -6.33 Mn |
| Jun 30, 2023 | -6.77 Mn |
| Mar 31, 2023 | -6.64 Mn |
| Dec 31, 2022 | -12.46 Mn |
| Dec 31, 2021 | -14.24 Mn |
| Sep 30, 2021 | -8.60 Mn |
| Jun 30, 2021 | -7.32 Mn |
| Mar 31, 2021 | -11.18 Mn |
| Dec 31, 2020 | -13.05 Mn |
| Sep 30, 2020 | -17.33 Mn |
| Jun 30, 2020 | -17.70 Mn |