People (PPLI) Research & Development (2019 - 2026)
People's (PPLI) quarterly Research & Development came in at $39.7 million in Q1 2026, down 74.78% YoY from $157.4 million in Q1 2025, and down 93.14% on a QoQ basis from $578.7 million in Q4 2025.
People (PPLI) Research & Development (2019 - 2026) Analysis & Trends
People (PPLI) has 8 years of Research & Development data on file, last reported at $39.7 million in Q1 2026.
- Quarterly Research & Development fell 74.78% year-over-year to $39.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $853.7 million (up 2.57% YoY) and the FY2025 annual result came in at $728.2 million, down 1.36% from the prior year.
- Research & Development declined to $39.7 million in Q1 2026, from $578.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $1.7 billion in Q4 2022 to a low of -$421.3 million in Q4 2023.
- A 5-year average of $248.8 million and a median of $84.8 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development surged 820.19% — and 2023, when it sank 125.16%.
- Tracing PPLI's Research & Development over 5 years: stood at $1.7 billion in 2022, then plunged by 125.16% to -$421.3 million in 2023, then surged by 234.74% to $567.7 million in 2024, then gained by 1.95% to $578.7 million in 2025, then sank by 93.14% to $39.7 million in 2026.
- The last three Research & Development figures came in at $39.7 million (Q1 2026), $578.7 million (Q4 2025), and $49.5 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,239.24 Bn | 3,810.20 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,536.10 Bn | 1,445.84 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 67.16 Mn |
| 4 | Baidu | 289.49 Bn | 284.99 Bn | 1.88 Mn | 635.00 Mn |
| 5 | Spotify Technology | 102.84 Bn | 92.60 Bn | 1.75 Bn | 387.52 Mn |
| 6 | Joyy | 77.82 Bn | 76.94 Bn | 205.64 Mn | -61.54 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.20 Bn | 39.58 Bn | 295.20 Mn | 67.40 Mn |
| 9 | 30.50 Bn | 27.72 Bn | 734.60 Mn | 231.28 Mn | |
| 10 | People | 3.05 Bn | 1.93 Bn | 280.20 Mn | 120.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 120.71 Mn |
| Mar 31, 2026 | 39.70 Mn |
| Dec 31, 2025 | 578.70 Mn |
| Sep 30, 2025 | 49.49 Mn |
| Jun 30, 2025 | 185.83 Mn |
| Mar 31, 2025 | 157.37 Mn |
| Dec 31, 2024 | 567.65 Mn |
| Sep 30, 2024 | 53.95 Mn |
| Jun 30, 2024 | 53.38 Mn |
| Mar 31, 2024 | 63.24 Mn |
| Dec 31, 2023 | -421.28 Mn |
| Sep 30, 2023 | 79.71 Mn |
| Jun 30, 2023 | 413.95 Mn |
| Mar 31, 2023 | 84.79 Mn |
| Dec 31, 2022 | 1.67 Bn |
| Sep 30, 2022 | 75.43 Mn |
| Jun 30, 2022 | 84.91 Mn |
| Mar 31, 2022 | 488.46 Mn |
| Dec 31, 2021 | 1.20 Bn |
| Sep 30, 2021 | 52.28 Mn |