Tuniu (TOUR) Research & Development (2013 - 2025)

Tuniu's Research & Development history runs 13 years deep, the most recent figure standing at -$1.8 million for Q4 2025.

• In Q4 2025, Research & Development rose 3.56% year-over-year to -$1.8 million; the TTM figure through Dec 2025 stood at -$8.3 million (down 12.87% YoY), while the FY2025 annual figure was $8.4 million, up 16.86% from the prior year.
• Research & Development was -$1.8 million for Q4 2025 at Tuniu, up from -$2.2 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$1.4 million in Q3 2022 to a low of -$2.6 million in Q1 2022.
• Historically, Research & Development has averaged -$2.0 million across 5 years, with a median of -$2.0 million in 2024.
• Biggest YoY gain for Research & Development was 75.02% in 2021; the steepest drop was 172.93% in 2021.
• A 5-year view of Research & Development shows it stood at -$2.1 million in 2021, then rose by 25.21% to -$1.6 million in 2022, then gained by 7.32% to -$1.5 million in 2023, then decreased by 24.39% to -$1.8 million in 2024, then gained by 3.56% to -$1.8 million in 2025.
• The last three Research & Development figures came in at -$1.8 million (Q4 2025), -$2.2 million (Q3 2025), and -$2.3 million (Q2 2025), per Business Quant data.