iQIYI (IQ) Research & Development (2017 - 2026)
iQIYI (IQ) recorded quarterly Research & Development of -$58.4 million in Q1 2026, up 0.64% quarter-over-quarter from -$58.7 million in Q4 2025, and down 2.84% on a YoY basis from -$60.1 million in Q1 2025.
iQIYI (IQ) Research & Development (2017 - 2026) Analysis & Trends
iQIYI's Research & Development history runs 10 years deep, the most recent figure standing at -$58.4 million for Q1 2026.
- In Q1 2026, Research & Development fell 2.84% year-over-year to -$58.4 million; the TTM figure through Mar 2026 stood at -$233.0 million (up 4.59% YoY), while the FY2025 annual figure was $237.8 million, down 2.39% from the prior year.
- Research & Development was -$58.4 million for Q1 2026 at iQIYI, up from -$58.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$56.7 million in Q1 2025 to a low of -$74.8 million in Q1 2022.
- Historically, Research & Development has averaged -$63.0 million across 5 years, with a median of -$62.6 million in 2023.
- The sharpest annual moves came in 2022 and 2026: Research & Development jumped 45.09% in 2022, then fell 2.84% in 2026.
- A 5-year view of Research & Development shows it stood at -$65.5 million in 2022, then advanced by 4.25% to -$62.8 million in 2023, then retreated by 0.12% to -$62.8 million in 2024, then rose by 6.54% to -$58.7 million in 2025, then gained by 0.64% to -$58.4 million in 2026.
- The last three Research & Development figures came in at -$58.4 million (Q1 2026), -$58.7 million (Q4 2025), and -$57.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 327.69 Bn | 315.40 Bn | 11.41 Bn | 959.70 Mn |
| 2 | Walt Disney | 184.70 Bn | 191.31 Bn | 23.68 Bn | - |
| 3 | Warner Bros. Discovery | 65.23 Bn | 63.09 Bn | 4.25 Bn | - |
| 4 | Brera Holdings | 53.07 Bn | 53.07 Bn | - | - |
| 5 | Live Nation Entertainment | 39.71 Bn | 31.25 Bn | 1.31 Bn | - |
| 6 | Liberty Media | 21.13 Bn | 21.80 Bn | 298.00 Mn | - |
| 7 | Fox | 20.41 Bn | 16.92 Bn | - | - |
| 8 | Roku | 20.39 Bn | 18.01 Bn | 564.94 Mn | 189.49 Mn |
| 9 | News | 15.92 Bn | 14.45 Bn | - | - |
| 10 | iQIYI | 663.47 Mn | 45.21 Mn | 143.26 Mn | -58.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -58.35 Mn |
| Dec 31, 2025 | -58.73 Mn |
| Sep 30, 2025 | -57.58 Mn |
| Jun 30, 2025 | -58.33 Mn |
| Mar 31, 2025 | -56.74 Mn |
| Dec 31, 2024 | -62.84 Mn |
| Sep 30, 2024 | -62.65 Mn |
| Jun 30, 2024 | -61.98 Mn |
| Mar 31, 2024 | -60.04 Mn |
| Dec 31, 2023 | -62.76 Mn |
| Sep 30, 2023 | -61.85 Mn |
| Jun 30, 2023 | -62.68 Mn |
| Mar 31, 2023 | -62.61 Mn |
| Dec 31, 2022 | -65.54 Mn |
| Sep 30, 2022 | -69.57 Mn |
| Jun 30, 2022 | -73.12 Mn |
| Mar 31, 2022 | -74.84 Mn |
| Dec 31, 2021 | -119.36 Mn |
| Sep 30, 2021 | -105.59 Mn |
| Jun 30, 2021 | -104.69 Mn |