Xunlei (XNET) Research & Development (2013 - 2026)
Xunlei (XNET) posted Research & Development of -$20.2 million for Q1 2026, down 3.68% sequentially from -$19.4 million in Q4 2025, and down 25.66% YoY from -$27.1 million in Q1 2025.
Xunlei (XNET) Research & Development (2013 - 2026) Analysis & Trends
Xunlei has reported Research & Development for 14 years, with the latest figure at -$20.2 million in Q1 2026.
- Quarterly Research & Development fell 25.66% year-over-year to -$20.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$79.0 million (down 12.94% YoY) and the FY2025 annual result came in at $86.3 million, up 20.52% from the prior year.
- Research & Development slipped to -$20.2 million in Q1 2026 per XNET's latest filing, from -$19.4 million in the prior quarter.
- Over five years, Research & Development peaked at -$16.0 million in Q2 2022 and troughed at -$21.0 million in Q3 2025.
- A 5-year average of -$18.1 million and a median of -$18.0 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2025 and 2026: Research & Development rose 9.06% in 2025, then fell 25.66% in 2026.
- Over 5 years, Research & Development stood at -$19.2 million in 2022, then retreated by 1.37% to -$19.5 million in 2023, then rose by 4.01% to -$18.7 million in 2024, then fell by 3.89% to -$19.4 million in 2025, then dropped by 3.68% to -$20.2 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$20.2 million, -$19.4 million, and -$21.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 4.01 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 339.50 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Xunlei | 413.19 Mn | -304.21 Bn | 57.70 Mn | -20.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -20.16 Mn |
| Dec 31, 2025 | -19.44 Mn |
| Sep 30, 2025 | -21.00 Mn |
| Jun 30, 2025 | -18.42 Mn |
| Mar 31, 2025 | -16.04 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 |