Qfin Holdings QFIN
NASDAQ QFIN
$8.09 -0.20 (-2.41%)
At close: Sep 18, 2026 · 4:00 PM EDT

Qfin Holdings (QFIN) Research & Development (2016 - 2026)

Qfin Holdings' (QFIN) quarterly Research & Development came in at $58.5 million in Q2 2026, down 36.78% year-over-year from $92.5 million in Q2 2025, and down 11.51% quarter-over-quarter from $66.1 million in Q1 2026.

Analysis

Qfin Holdings (QFIN) Research & Development (2016 - 2026) Analysis & Trends

Qfin Holdings has disclosed Research & Development across 11 years of filings, most recently posting $58.5 million for Q2 2026.

  • In Q2 2026, Research & Development fell 36.78% year-over-year to $58.5 million; the TTM figure through Jun 2026 stood at $296.7 million (down 2.93% YoY), while the FY2025 annual figure was $353.1 million, up 49.35% from the prior year.
  • Research & Development came in at $58.5 million for Q2 2026 at Qfin Holdings, down from $66.1 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $93.4 million in Q3 2025 to a low of $50.4 million in Q2 2024.
  • Average Research & Development over 5 years is $72.7 million, with a median of $72.2 million recorded in 2023.
  • Year-over-year, Research & Development slumped 38.93% in 2022 and surged 83.48% in 2025.
  • Over 5 years, Research & Development stood at $60.2 million in 2022, then climbed by 29.06% to $77.7 million in 2023, then retreated by 7.61% to $71.8 million in 2024, then gained by 9.68% to $78.7 million in 2025, then retreated by 25.71% to $58.5 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $58.5 million in Q2 2026, $66.1 million in Q1 2026, and $78.7 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Upstart Holdings 2.43 Bn 1.99 Bn 303.39 Mn 114.51 Mn
2 Pagaya Technologies 1.70 Bn 1.51 Bn 168.33 Mn 17.35 Mn
3 Qfin Holdings 986.27 Mn -9.51 Mn - 58.49 Mn
4 FinVolution 836.54 Mn -90.46 Mn - -17.53 Mn
5 X Financial 386.17 Mn -182.14 Mn 84.09 Mn -
6 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn 2.92 Mn
7 Blend Labs 279.09 Mn 234.22 Mn 24.89 Mn 8.68 Mn
8 LexinFintech Holdings 251.25 Mn 251.25 Mn 73.06 Mn -21.62 Mn
9 Jiayin 76.25 Mn 2.23 Mn - -13.89 Mn
10 Antalpha Platform Holding 76.02 Mn -813.69 Mn 11.94 Mn 1.35 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 58.49 Mn
Mar 31, 2026 66.10 Mn
Dec 31, 2025 78.73 Mn
Sep 30, 2025 93.39 Mn
Jun 30, 2025 92.51 Mn
Mar 31, 2025 81.51 Mn
Dec 31, 2024 71.78 Mn
Sep 30, 2024 59.84 Mn
Jun 30, 2024 50.42 Mn
Mar 31, 2024 57.56 Mn
Dec 31, 2023 77.69 Mn
Sep 30, 2023 72.59 Mn
Jun 30, 2023 60.19 Mn
Mar 31, 2023 61.47 Mn
Dec 31, 2022 60.20 Mn
Sep 30, 2022 87.74 Mn
Jun 30, 2022 91.83 Mn
Mar 31, 2022 87.17 Mn
Dec 31, 2021 98.57 Mn
Sep 30, 2021 89.59 Mn