Yuanbao (YB) Operating Expenses (2024 - 2026)
Yuanbao's (YB) quarterly Operating Expenses came in at $127.4 million in Q1 2026, up 35.8% on a YoY basis from $93.8 million in Q1 2025, and up 14.14% quarter-over-quarter from $111.6 million in Q4 2025.
Analysis
Yuanbao (YB) Operating Expenses (2024 - 2026) Analysis & Trends
Yuanbao (YB) has reported Operating Expenses for 3 consecutive years, with $127.4 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 35.8% year-over-year to $127.4 million; the trailing twelve-month figure through Mar 2026 stood at $459.6 million (up 375.17% YoY), and the FY2025 full-year result was $434.2 million, up 228.57% from the prior year.
- Operating Expenses advanced to $127.4 million in Q1 2026 per YB's latest filing, from $111.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $127.4 million in Q1 2026 and bottomed at -$91.9 million in Q2 2024.
- Historically, Operating Expenses has averaged $24.0 million across 3 years, with a median of $93.8 million in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 233.7% in 2025, then soared 35.8% in 2026.
- Over 3 years, Operating Expenses stood at -$83.5 million in 2024, then surged by 233.7% to $111.6 million in 2025, then increased by 14.14% to $127.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $127.4 million, $111.6 million, and $112.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Guidewire Software | 13.52 Bn | 12.77 Bn | 236.65 Mn | 206.01 Mn |
| 2 | Exzeo | 1.49 Bn | 1.36 Bn | 36.84 Mn | 8.38 Mn |
| 3 | Yuanbao | 632.22 Mn | -13.93 Mn | - | 127.38 Mn |
| 4 | Cheche | 230.80 Mn | 211.43 Mn | - | - |
| 5 | Roadzen | 109.13 Mn | 106.01 Mn | 9.27 Mn | 17.74 Mn |
| 6 | Health In Tech | 64.25 Mn | 57.80 Mn | 3.92 Mn | 7.36 Mn |
| 7 | MindForge | 1.99 Mn | -7.88 Mn | - | - |
Historic Data
Download Data
Historic 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 |