Yuanbao (YB) Operating Expenses (2024 - 2026)
Yuanbao's (YB) quarterly Operating Expenses came in at $127.4 million in Q1 2026, up 35.8% YoY from $93.8 million in Q1 2025, and up 14.14% on a QoQ basis from $111.6 million in Q4 2025.
Yuanbao (YB) Operating Expenses (2024 - 2026) Analysis & Trends
Yuanbao (YB) has 3 years of Operating Expenses data on file, last reported at $127.4 million in Q1 2026.
- Quarterly Operating Expenses rose 35.8% year-over-year to $127.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $459.6 million (up 375.17% YoY) and the FY2025 annual result came in at $434.2 million, up 28.57% from the prior year.
- Operating Expenses improved to $127.4 million in Q1 2026, from $111.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $127.4 million in Q1 2026 to a low of -$91.9 million in Q2 2024.
- A 3-year average of $24.0 million and a median of $93.8 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2025 — Operating Expenses soared 233.7% — and 2026, when it surged 35.8%.
- Tracing YB's Operating Expenses over 3 years: stood at -$83.5 million in 2024, then soared by 233.7% to $111.6 million in 2025, then climbed by 14.14% to $127.4 million in 2026.
- The last three Operating Expenses figures came in at $127.4 million (Q1 2026), $111.6 million (Q4 2025), and $112.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Yuanbao | 607.34 Mn | -38.80 Mn | - | 127.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 127.38 Mn |
| Dec 31, 2025 | 111.59 Mn |
| Sep 30, 2025 | 112.85 Mn |
| Jun 30, 2025 | 107.79 Mn |
| Mar 31, 2025 | 93.80 Mn |
| Dec 31, 2024 | -83.47 Mn |
| Sep 30, 2024 | -85.42 Mn |
| Jun 30, 2024 | -91.94 Mn |
| Mar 31, 2024 | -76.72 Mn |