LexinFintech Holdings (LX) Research & Development (2016 - 2025)
LexinFintech Holdings (LX) posted Research & Development of -$18.9 million for Q4 2025, up 10.49% sequentially from -$21.1 million in Q3 2025, and up 8.84% YoY from -$17.3 million in Q4 2024.
LexinFintech Holdings (LX) Research & Development (2016 - 2025) Analysis & Trends
LexinFintech Holdings (LX) has 10 years of Research & Development data on file, last reported at -$18.9 million in Q4 2025.
- Quarterly Research & Development rose 8.84% year-over-year to -$18.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$83.4 million (down 3.83% YoY) and the FY2025 annual result came in at $85.1 million, up 7.46% from the prior year.
- Research & Development grew to -$18.9 million in Q4 2025 per LX's latest filing, from -$21.1 million in the prior quarter.
- The five-year high for Research & Development was -$16.7 million in Q2 2023, with the low at -$25.7 million in Q4 2021.
- Average Research & Development over 5 years is -$20.4 million, with a median of -$20.0 million recorded in 2021.
- Year-over-year, Research & Development slumped 206.36% in 2021 and climbed 27.47% in 2023.
- LexinFintech Holdings' Research & Development stood at -$25.7 million in 2021, then grew by 23.4% to -$19.7 million in 2022, then climbed by 2.74% to -$19.1 million in 2023, then declined by 8.19% to -$20.7 million in 2024, then rose by 8.84% to -$18.9 million in 2025.
- Business Quant data shows LX's Research & Development at -$18.9 million in Q4 2025, -$21.1 million in Q3 2025, and -$22.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 260.00 Mn |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | - |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 1.59 Bn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 793.00 Mn |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | - |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 187.68 Mn |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | - |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | - |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | -20.39 Mn |
| 10 | LexinFintech Holdings | 422,180.00 | -142.05 Mn | 112.12 Mn | -18.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -18.87 Mn |
| Sep 30, 2025 | -21.08 Mn |
| Jun 30, 2025 | -22.01 Mn |
| Mar 31, 2025 | -21.45 Mn |
| Dec 31, 2024 | -20.70 Mn |
| Sep 30, 2024 | -21.22 Mn |
| Jun 30, 2024 | -19.71 Mn |
| Mar 31, 2024 | -18.70 Mn |
| Dec 31, 2023 | -19.13 Mn |
| Sep 30, 2023 | -17.35 Mn |
| Jun 30, 2023 | -16.73 Mn |
| Mar 31, 2023 | -18.86 Mn |
| Dec 31, 2022 | -19.67 Mn |
| Sep 30, 2022 | -19.76 Mn |
| Jun 30, 2022 | -23.07 Mn |
| Mar 31, 2022 | -24.06 Mn |
| Dec 31, 2021 | -25.68 Mn |
| Sep 30, 2021 | -20.33 Mn |
| Jun 30, 2021 | -20.20 Mn |
| Mar 31, 2021 | -18.96 Mn |