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.
Analysis
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.
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 | People | 2.86 Bn | 1.75 Bn | 280.20 Mn | 120.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 120.71 Mn |
| Mar 31, 2026 | 133.03 Mn |
| Dec 31, 2025 | 173.11 Mn |
| Sep 30, 2025 | 188.37 Mn |
| Jun 30, 2025 | 129.61 Mn |
| Mar 31, 2025 | 157.37 Mn |
| Dec 31, 2024 | 190.02 Mn |
| Sep 30, 2024 | 182.82 Mn |
| Jun 30, 2024 | 177.31 Mn |
| Mar 31, 2024 | 188.08 Mn |
| Dec 31, 2023 | -421.28 Mn |
| Sep 30, 2023 | 407.36 Mn |
| Jun 30, 2023 | 413.95 Mn |
| Mar 31, 2023 | 403.30 Mn |
| Dec 31, 2022 | 432.11 Mn |
| Sep 30, 2022 | 486.83 Mn |
| Jun 30, 2022 | 508.38 Mn |
| Mar 31, 2022 | 488.46 Mn |
| Dec 31, 2021 | 360.54 Mn |
| Sep 30, 2021 | 348.19 Mn |