Yuanbao (YB) Research & Development (2024 - 2025)
Yuanbao posted quarterly Research & Development of -$15.8 million for Q4 2025, down 40.88% year-on-year from -$26.6 million in Q4 2024, and down 17.99% on a QoQ basis from -$13.4 million in Q3 2025.
Yuanbao (YB) has 2 years of Research & Development data on file, last reported at -$15.8 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 40.88% year-over-year to -$15.8 million; the trailing twelve-month figure through Dec 2025 stood at -$50.9 million (down 58.23% YoY), and the FY2025 full-year result was $51.5 million, up 60.05% from the prior year.
- Research & Development for Q4 2025 stood at -$15.8 million, down from -$13.4 million in the prior quarter.
- Across five years, Research & Development topped out at -$5.2 million in Q1 2024 and bottomed at -$15.8 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Yuanbao | 387.22 Mn | 262.58 Mn | 87.83 Mn | -15.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -15.75 Mn |
| Sep 30, 2025 | -13.35 Mn |
| Jun 30, 2025 | -11.30 Mn |
| Mar 31, 2025 | -10.47 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 |