DouYu International Holdings (DOYU) Research & Development (2018 - 2025)

DouYu International Holdings has reported Research & Development for 8 years, with the latest figure at -$4.8 million in Q4 2025.

• For the quarter ending Q4 2025, Research & Development fell 3.33% year-over-year to -$4.8 million; the trailing twelve-month figure through Dec 2025 stood at -$17.0 million (up 32.73% YoY), and the FY2025 full-year result was $17.3 million, down 30.45% from the prior year.
• Research & Development for Q4 2025 stood at -$4.8 million, down from -$3.8 million in the prior quarter.
• The five-year high for Research & Development was -$3.8 million in Q3 2025, with the low at -$20.8 million in Q4 2021.
• Historically, Research & Development has averaged -$10.7 million across 5 years, with a median of -$10.0 million in 2023.
• Annual changes were most pronounced in 2021 — Research & Development sank 42.05% — and 2025, when it jumped 44.14%.
• DouYu International Holdings' Research & Development stood at -$20.8 million in 2021, then soared by 43.85% to -$11.7 million in 2022, then gained by 28.77% to -$8.3 million in 2023, then jumped by 43.76% to -$4.7 million in 2024, then decreased by 3.33% to -$4.8 million in 2025.
• The last three Research & Development figures came in at -$4.8 million (Q4 2025), -$3.8 million (Q3 2025), and -$3.9 million (Q2 2025), per Business Quant data.