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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.
  • Latest data reveals that Holdings reported Research & Development of -$608.5 million as of Q3 2025, which was down 3940.52% from -$501.3 million recorded in Q2 2025.
  • Over the past 5 years, Holdings' Research & Development peaked at -$317.4 million during Q4 2021, and registered a low of -$608.5 million during Q3 2025.
  • For the 5-year period, Holdings' Research & Development averaged around -$412.0 million, with its median value being -$390.3 million (2023).
  • Per our database at Business Quant, Holdings' Research & Development crashed by 26277.22% in 2021 and then skyrocketed by 1329.12% in 2023.
  • Quarter analysis of 5 years shows Holdings' Research & Development stood at -$317.4 million in 2021, then fell by 9.94% to -$348.9 million in 2022, then decreased by 15.62% to -$403.4 million in 2023, then fell by 28.26% to -$517.5 million in 2024, then fell by 17.6% to -$608.5 million in 2025.
  • Its last three reported values are -$608.5 million in Q3 2025, -$501.3 million for Q2 2025, and -$493.0 million during Q1 2025.