Hello (MOMO) Research & Development (2013 - 2026)
Hello (MOMO) posted Research & Development of -$31.0 million for Q4 2025, down 20.29% sequentially from -$25.7 million in Q3 2025, and down 1.5% YoY from -$31.4 million in Q4 2024.
Analysis
Hello (MOMO) Research & Development (2013 - 2026) Analysis & Trends
Hello has reported Research & Development for 13 years, with the latest figure at -$31.0 million in Q4 2025.
- Quarterly Research & Development fell 1.5% year-over-year to -$31.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$109.4 million (up 2.09% YoY) and the FY2025 annual result came in at $195.7 million, up 7.43% from the prior year.
- Research & Development slipped to -$31.0 million in Q4 2025 per MOMO's latest filing, from -$25.7 million in the prior quarter.
- Over five years, Research & Development peaked at -$25.7 million in Q2 2025 and troughed at -$49.6 million in Q4 2021.
- A 5-year average of -$33.5 million and a median of -$31.8 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2021 and 2024: Research & Development slipped 18.1% in 2021, then advanced 22.8% in 2024.
- Over 5 years, Research & Development stood at -$49.6 million in 2021, then increased by 20.28% to -$39.5 million in 2022, then increased by 17.54% to -$32.6 million in 2023, then grew by 6.41% to -$30.5 million in 2024, then retreated by 1.5% to -$31.0 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered -$31.0 million, -$25.7 million, and -$25.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 468.43 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 191.00 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 231.28 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -148.13 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -35.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 451.01 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 158.25 Mn |
| 10 | Hello | 921.46 Mn | 102.26 Mn | 133.20 Mn | -25.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -25.68 Mn |
| Dec 31, 2025 | -30.97 Mn |
| Sep 30, 2025 | -25.74 Mn |
| Jun 30, 2025 | -25.67 Mn |
| Mar 31, 2025 | -26.98 Mn |
| Dec 31, 2024 | -30.51 Mn |
| Sep 30, 2024 | -27.98 Mn |
| Jun 30, 2024 | -26.58 Mn |
| Mar 31, 2024 | -26.62 Mn |
| Dec 31, 2023 | -32.60 Mn |
| Sep 30, 2023 | -27.64 Mn |
| Jun 30, 2023 | -29.60 Mn |
| Mar 31, 2023 | -34.48 Mn |
| Dec 31, 2022 | -39.53 Mn |
| Sep 30, 2022 | -34.46 Mn |
| Jun 30, 2022 | -35.57 Mn |
| Mar 31, 2022 | -39.47 Mn |
| Dec 31, 2021 | -49.59 Mn |
| Sep 30, 2021 | -40.50 Mn |
| Jun 30, 2021 | -41.56 Mn |