Sunlands Technology (STG) Research & Development (2017 - 2026)

Sunlands Technology's Research & Development history runs 9 years deep, the most recent figure standing at -$36.5 million for Q4 2025.

• In Q4 2025, Research & Development rose 16.83% year-over-year to -$36.5 million; the TTM figure through Dec 2025 stood at -$161.8 million (up 4.66% YoY), while the FY2025 annual figure was $4.2 million, down 97.47% from the prior year.
• Research & Development for Q4 2025 stood at -$36.5 million, up from -$39.3 million in the prior quarter.
• The five-year high for Research & Development was -$36.5 million in Q4 2025, with the low at -$92.6 million in Q1 2021.
• The 5-year median for Research & Development is -$42.2 million (2025), against an average of -$46.7 million.
• The sharpest annual moves came in 2021 and 2022: Research & Development slumped 43.15% in 2021, then surged 49.72% in 2022.
• Sunlands Technology's Research & Development stood at -$53.3 million in 2021, then increased by 25.82% to -$39.5 million in 2022, then retreated by 7.51% to -$42.5 million in 2023, then declined by 3.2% to -$43.8 million in 2024, then advanced by 16.83% to -$36.5 million in 2025.
• Business Quant data shows STG's Research & Development at -$36.5 million in Q4 2025, -$39.3 million in Q3 2025, and -$42.2 million in Q2 2025.