Xunlei (XNET) Research & Development (2013 - 2026)
Xunlei (XNET) reported Research & Development of -$20.2 million for Q1 2026, down 25.66% on a YoY basis from -$27.1 million in Q1 2025, and down 3.68% sequentially from -$19.4 million in Q4 2025.
Xunlei (XNET) Research & Development (2013 - 2026) Analysis & Trends
Xunlei (XNET) has 14 years of Research & Development data on file, last reported at -$20.2 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 25.66% year-over-year to -$20.2 million; the trailing twelve-month figure through Mar 2026 stood at -$79.0 million (down 12.94% YoY), and the FY2025 full-year result was $86.3 million, up 20.52% from the prior year.
- Research & Development slipped to -$20.2 million in Q1 2026, from -$19.4 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$16.0 million in Q2 2022 to a low of -$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.
- Across the five-year window, Research & Development grew 9.06% in 2025 and dropped 25.66% in 2026, its largest moves.
- Tracing XNET's Research & Development over 5 years: stood at -$19.2 million in 2022, then dropped by 1.37% to -$19.5 million in 2023, then climbed by 4.01% to -$18.7 million in 2024, then slipped by 3.89% to -$19.4 million in 2025, then retreated by 3.68% to -$20.2 million in 2026.
- Business Quant data shows XNET's Research & Development at -$20.2 million in Q1 2026, -$19.4 million in Q4 2025, and -$21.0 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | - |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 271.60 Mn |
| 10 | Xunlei | 1.74 Bn | -301.84 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 |