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

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

• Research & Development for Q4 2025 came in at -$4.8 million, down 3.33% year-over-year; the trailing twelve-month figure through Dec 2025 was -$17.0 million (up 32.73% YoY), and the FY2025 annual result was $17.3 million, down 30.45% from the prior year.
• Research & Development was -$4.8 million for Q4 2025 at DouYu International Holdings, down from -$3.8 million in the prior quarter.
• Over five years, Research & Development peaked at -$3.8 million in Q3 2025 and troughed at -$20.8 million in Q4 2021.
• Average Research & Development over 5 years is -$10.7 million, with a median of -$10.0 million recorded in 2023.
• Year-over-year, Research & Development tumbled 42.05% in 2021 and soared 44.14% in 2025.
• Over 5 years, Research & Development stood at -$20.8 million in 2021, then soared by 43.85% to -$11.7 million in 2022, then grew by 28.77% to -$8.3 million in 2023, then jumped by 43.76% to -$4.7 million in 2024, then declined by 3.33% to -$4.8 million in 2025.
• Per Business Quant data, the three most recent Research & Development figures were -$4.8 million in Q4 2025, -$3.8 million in Q3 2025, and -$3.9 million in Q2 2025.