Xunlei (XNET) Research & Development (2013 - 2025)
Xunlei recorded quarterly Research & Development of -$21.9 million in Q4 2025, down 4.15% quarter-over-quarter from -$21.0 million in Q3 2025, and down 16.87% year-over-year from -$26.3 million in Q4 2024.
Xunlei's Research & Development history runs 13 years deep, the most recent figure standing at -$21.9 million for Q4 2025.
- In Q4 2025, Research & Development fell 16.87% year-over-year to -$21.9 million; the TTM figure through Dec 2025 stood at -$80.0 million (down 11.83% YoY), while the FY2025 annual figure was $80.0 million, up 11.83% from the prior year.
- Research & Development came in at -$21.9 million for Q4 2025 at Xunlei, down from -$21.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$13.3 million in Q1 2021 to a low of -$21.9 million in Q4 2025.
- A 5-year average of -$17.8 million and a median of -$17.7 million in 2024 frame the typical range for Research & Development.
- On a YoY basis, Research & Development climbed as much as 21.09% in 2021 and fell as far as 39.45% in 2021.
- Xunlei's Research & Development stood at -$16.6 million in 2021, then dropped by 16.15% to -$19.2 million in 2022, then fell by 1.37% to -$19.5 million in 2023, then increased by 4.01% to -$18.7 million in 2024, then declined by 16.87% to -$21.9 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered -$21.9 million, -$21.0 million, and -$18.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 2.61 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 160.98 Mn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 511.00 Mn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 356.41 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 214.00 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 150.97 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 714.99 Mn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | - |
| 10 | Xunlei | - | - | 61.67 Mn | -21.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -21.87 Mn |
| Sep 30, 2025 | -21.00 Mn |
| Jun 30, 2025 | -18.42 Mn |
| Mar 31, 2025 | -18.74 Mn |
| Dec 31, 2024 | -18.72 Mn |
| Sep 30, 2024 | -17.74 Mn |
| Jun 30, 2024 | -17.47 Mn |
| Mar 31, 2024 | -17.64 Mn |
| Dec 31, 2023 | -19.50 Mn |
| Sep 30, 2023 | -19.48 Mn |
| Jun 30, 2023 | -17.18 Mn |
| Mar 31, 2023 | -18.05 Mn |
| Dec 31, 2022 | -19.23 Mn |
| Sep 30, 2022 | -16.16 Mn |
| Jun 30, 2022 | -15.98 Mn |
| Mar 31, 2022 | -16.31 Mn |
| Dec 31, 2021 | -16.56 Mn |
| Sep 30, 2021 | -16.83 Mn |
| Jun 30, 2021 | -15.20 Mn |
| Mar 31, 2021 | -13.28 Mn |
| Dec 31, 2020 | -12.02 Mn |
| Sep 30, 2020 | -12.07 Mn |
| Jun 30, 2020 | -14.55 Mn |
| Mar 31, 2020 | -16.82 Mn |
| Dec 31, 2019 | -14.31 Mn |
| Sep 30, 2019 | -17.59 Mn |
| Jun 30, 2019 | -17.82 Mn |
| Mar 31, 2019 | -18.85 Mn |
| Dec 31, 2018 | -21.45 Mn |
| Sep 30, 2018 | -19.66 Mn |
| Jun 30, 2018 | -19.20 Mn |
| Mar 31, 2018 | -16.45 Mn |
| Dec 31, 2017 | -20.56 Mn |
| Sep 30, 2017 | -15.50 Mn |
| Jun 30, 2017 | -14.66 Mn |
| Mar 31, 2017 | -16.23 Mn |
| Dec 31, 2016 | -17.16 Mn |
| Sep 30, 2016 | -17.84 Mn |
| Jun 30, 2016 | -13.12 Mn |
| Mar 31, 2016 | -15.38 Mn |
| Dec 31, 2015 | -9.96 Mn |
| Sep 30, 2015 | -9.24 Mn |
| Jun 30, 2015 | -9.63 Mn |
| Mar 31, 2015 | -9,427.00 |
| Dec 31, 2014 | -9.06 Mn |
| Sep 30, 2014 | -7.56 Mn |
| Jun 30, 2014 | -7.19 Mn |
| Mar 31, 2014 | -5.45 Mn |
| Dec 31, 2013 | -8.53 Mn |
| Sep 30, 2013 | -7.59 Mn |
| Jun 30, 2013 | -6.61 Mn |