Growth Metrics

PDD Holdings (PDD) Research & Development (2017 - 2025)

Historic Research & Development for Holdings (PDD) over the last 9 years, with Q3 2025 value amounting to -$608.5 million.

  • Holdings' Research & Development fell 3940.52% to -$608.5 million in Q3 2025 from the same period last year, while for Sep 2025 it was -$2.1 billion, marking a year-over-year decrease of 2903.35%. This contributed to the annual value of $1.7 billion for FY2024, which is 1401.43% up from last year.
  • According to the latest figures from Q3 2025, Holdings' Research & Development is -$608.5 million, which was down 3940.52% from -$501.3 million recorded in Q2 2025.
  • Holdings' Research & Development's 5-year high stood at -$317.4 million during Q4 2021, with a 5-year trough of -$608.5 million in Q3 2025.
  • In the last 5 years, Holdings' Research & Development had a median value of -$390.3 million in 2023 and averaged -$412.0 million.
  • As far as peak fluctuations go, Holdings' Research & Development plummeted by 26277.22% in 2021, and later surged by 1329.12% in 2023.
  • Quarter analysis of 5 years shows Holdings' Research & Development stood at -$317.4 million in 2021, then dropped by 9.94% to -$348.9 million in 2022, then fell by 15.62% to -$403.4 million in 2023, then dropped by 28.26% to -$517.5 million in 2024, then dropped by 17.6% to -$608.5 million in 2025.
  • Its Research & Development stands at -$608.5 million for Q3 2025, versus -$501.3 million for Q2 2025 and -$493.0 million for Q1 2025.