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

FinVolution's Research & Development history runs 8 years deep, the most recent figure standing at -$20.4 million for 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 was -$20.4 million for Q4 2025 at FinVolution, down from -$19.5 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$14.3 million in Q1 2021 to a low of -$20.7 million in Q4 2021.
• Historically, Research & Development has averaged -$17.8 million across 5 years, with a median of -$17.7 million in 2022.
• The sharpest annual moves came in 2021 and 2023: Research & Development tumbled 37.31% in 2021, then gained 9.86% in 2023.
• A 5-year view of Research & Development shows it stood at -$20.7 million in 2021, then rose by 3.68% to -$19.9 million in 2022, then advanced by 9.86% to -$18.0 million in 2023, then grew by 3.76% to -$17.3 million in 2024, then retreated by 17.87% to -$20.4 million in 2025.
• The last three Research & Development figures came in at -$20.4 million (Q4 2025), -$19.5 million (Q3 2025), and -$18.0 million (Q2 2025), per Business Quant data.