Here (HERE) Research & Development (2021 - 2025)
Here (HERE) recorded quarterly Research & Development of -$1.3 million in Q4 2025, up 41.67% on a QoQ basis from -$2.2 million in Q3 2025, and up 66.63% year-over-year from -$777760.2 in Q4 2024.
Here (HERE) Research & Development (2021 - 2025) Analysis & Trends
Here has disclosed Research & Development across 5 years of filings, most recently posting -$1.3 million for Q4 2025.
- Quarterly Research & Development rose 66.63% year-over-year to -$1.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$9.4 million (up 42.19% YoY) and the FY2025 annual result came in at $13.8 million, down 31.01% from the prior year.
- Research & Development rose to -$1.3 million in Q4 2025, from -$2.2 million in the prior quarter.
- Over five years, Research & Development peaked at -$1.3 million in Q4 2025 and troughed at -$20.1 million in Q2 2022.
- A 5-year average of -$6.1 million and a median of -$5.8 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development fell 15.5% — and 2025, when it jumped 66.63%.
- Tracing HERE's Research & Development over 5 years: stood at -$8.1 million in 2021, then dropped by 15.5% to -$9.3 million in 2022, then jumped by 38.0% to -$5.8 million in 2023, then surged by 32.77% to -$3.9 million in 2024, then soared by 66.63% to -$1.3 million in 2025.
- Business Quant data shows HERE's Research & Development at -$1.3 million in Q4 2025, -$2.2 million in Q3 2025, and -$3.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 19,630,355.93 Bn | 19,630,355.28 Bn | 1.17 Bn | - |
| 2 | Hasbro | 11.86 Bn | 10.53 Bn | 764.10 Mn | 78.00 Mn |
| 3 | Life Time Group Holdings | 7.22 Bn | 7.10 Bn | 382.00 Mn | - |
| 4 | Acushnet Holdings | 5.62 Bn | 5.57 Bn | 355.26 Mn | 19.20 Mn |
| 5 | Mattel | 4.31 Bn | 3.44 Bn | 386.78 Mn | - |
| 6 | Planet Fitness | 4.05 Bn | 3.58 Bn | 291.90 Mn | - |
| 7 | YETI Holdings | 3.97 Bn | 3.79 Bn | 340.87 Mn | - |
| 8 | Callaway Golf | 2.93 Bn | 2.43 Bn | 326.70 Mn | 15.20 Mn |
| 9 | Onespaworld Holdings | 2.44 Bn | 2.43 Bn | 209.81 Mn | - |
| 10 | Here | - | - | 7.86 Mn | -1.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -1.30 Mn |
| Sep 30, 2025 | -2.22 Mn |
| Jun 30, 2025 | -2.96 Mn |
| Mar 31, 2025 | -2.88 Mn |
| Dec 31, 2024 | -3.88 Mn |
| Sep 30, 2024 | -4.00 Mn |
| Jun 30, 2024 | -2.92 Mn |
| Mar 31, 2024 | -5.38 Mn |
| Dec 31, 2023 | -5.78 Mn |
| Sep 30, 2023 | -6.00 Mn |
| Jun 30, 2023 | -7.39 Mn |
| Mar 31, 2023 | -7.22 Mn |
| Dec 31, 2022 | -9.32 Mn |
| Sep 30, 2022 | -7.65 Mn |
| Jun 30, 2022 | -20.11 Mn |
| Mar 31, 2022 | -7.45 Mn |
| Dec 31, 2021 | -8.07 Mn |