FinVolution (FVGPY) Research & Development (2018 - 2025)

FinVolution (FVGPY) has reported Research & Development for 8 consecutive years, with -$20.4 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Research & Development fell 17.87% year-over-year to -$20.4 million; the TTM figure through Dec 2025 stood at -$75.3 million (down 9.08% YoY), while the FY2025 annual figure was $76.7 million, up 12.76% from the prior year.
• Research & Development came in at -$20.4 million for Q4 2025 at FinVolution, down from -$19.5 million in the prior quarter.
• The five-year high for Research & Development was -$14.3 million in Q1 2021, with the low at -$20.7 million in Q4 2021.
• Average Research & Development over 5 years is -$17.8 million, with a median of -$17.7 million recorded in 2022.
• Across the five-year window, Research & Development plunged 37.31% in 2021 and grew 9.86% in 2023, its largest moves.
• Year by year, Research & Development stood at -$20.7 million in 2021, then climbed by 3.68% to -$19.9 million in 2022, then increased by 9.86% to -$18.0 million in 2023, then gained by 3.76% to -$17.3 million in 2024, then dropped by 17.87% to -$20.4 million in 2025.
• According to Business Quant data, Research & Development over the past three periods registered -$20.4 million, -$19.5 million, and -$18.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.