Yuanbao (YB) Operating Expenses (2024 - 2025)
Yuanbao posted quarterly Operating Expenses of -$110.0 million for Q4 2025, down 31.82% year-on-year from -$161.4 million in Q4 2024, and up 1.98% on a QoQ basis from -$112.2 million in Q3 2025.
Yuanbao (YB) has 2 years of Operating Expenses data on file, last reported at -$110.0 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 31.82% year-over-year to -$110.0 million; the trailing twelve-month figure through Dec 2025 stood at -$422.7 million (down 25.22% YoY), and the FY2025 full-year result was $428.1 million, up 26.77% from the prior year.
- Operating Expenses for Q4 2025 stood at -$110.0 million, up from -$112.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$76.7 million in Q1 2024 and bottomed at -$112.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 6.82 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.16 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 2.33 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 1.04 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 3.32 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.54 Bn |
| 10 | Yuanbao | 387.22 Mn | 262.58 Mn | 87.83 Mn | -110.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -110.03 Mn |
| Sep 30, 2025 | -112.24 Mn |
| Jun 30, 2025 | -106.76 Mn |
| Mar 31, 2025 | -93.63 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 |