Yuanbao (YB) Research & Development (2024 - 2026)
Yuanbao's (YB) quarterly Research & Development came in at $15.4 million in Q1 2026, up 47.0% on a YoY basis from $10.5 million in Q1 2025, and down 3.51% quarter-over-quarter from $16.0 million in Q4 2025.
Analysis
Yuanbao (YB) Research & Development (2024 - 2026) Analysis & Trends
Yuanbao (YB) has reported Research & Development for 3 consecutive years, with $15.4 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 47.0% year-over-year to $15.4 million; the trailing twelve-month figure through Mar 2026 stood at $56.2 million (up 441.59% YoY), and the FY2025 full-year result was $52.2 million, up 262.32% from the prior year.
- Research & Development retreated to $15.4 million in Q1 2026 per YB's latest filing, from $16.0 million in the prior quarter.
- Across five years, Research & Development topped out at $16.0 million in Q4 2025 and bottomed at -$11.2 million in Q4 2024.
- Historically, Research & Development has averaged $3.8 million across 3 years, with a median of $10.5 million in 2025.
- The sharpest annual moves came in 2025 and 2026: Research & Development jumped 301.52% in 2025, then soared 47.0% in 2026.
- Over 3 years, Research & Development stood at -$11.2 million in 2024, then soared by 242.88% to $16.0 million in 2025, then declined by 3.51% to $15.4 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $15.4 million, $16.0 million, and $13.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Guidewire Software | 13.52 Bn | 12.77 Bn | 236.65 Mn | 87.87 Mn |
| 2 | Exzeo | 1.49 Bn | 1.36 Bn | 36.84 Mn | 2.44 Mn |
| 3 | Yuanbao | 632.22 Mn | -13.93 Mn | - | 15.42 Mn |
| 4 | Cheche | 230.80 Mn | 211.43 Mn | - | - |
| 5 | Roadzen | 109.13 Mn | 106.01 Mn | 9.27 Mn | 7.21 Mn |
| 6 | Health In Tech | 64.25 Mn | 57.80 Mn | 3.92 Mn | 2.22 Mn |
| 7 | MindForge | 1.99 Mn | -7.88 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 15.42 Mn |
| Dec 31, 2025 | 15.98 Mn |
| Sep 30, 2025 | 13.42 Mn |
| Jun 30, 2025 | 11.41 Mn |
| Mar 31, 2025 | 10.49 Mn |
| Dec 31, 2024 | -11.18 Mn |
| Sep 30, 2024 | -8.50 Mn |
| Jun 30, 2024 | -7.26 Mn |
| Mar 31, 2024 | -5.20 Mn |