WithSecure (CHIX:WITHH) Research & Development: €35.9 Mil (TTM As of Sep. 2025)


CHIX:WITHH WithSecure Corp CHIX:WITHH
16 GF Score
Price €1.34
GF Value €0.74
! 5 Warning Signs
View Full Analysis

What is WithSecure Research & Development?

WithSecure CHIX:WITHH 16 Research & Development is €35.9 Mil as of Sep. 2025. GuruFocus rates CHIX:WITHH with a GF Score™ of 16/100 and a GF Value™ of €0.74. The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. WithSecure's Research & Development for the three months ended in Sep. 2025 was €7.7 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Sep. 2025 was €35.9 Mil.

WithSecure  (CHIX:WITHh) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

WithSecure Research & Development Related Terms

WithSecure Research & Development Historical Data

* Premium members only.

The historical data trend for WithSecure's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

WithSecure Research & Development Chart

WithSecure Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.89 32.09 39.14 47.25 40.09

WithSecure Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.77 9.72 9.36 9.12 7.69
CHIX:WITHH
16GF Score
WithSecure Corp CHIX:WITHH
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WithSecure Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €35.9 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €35.9 Mil mean?
WithSecure (CHIX:WITHH) has a Research & Development of €35.9 Mil as of Sep. 2025. Research and development expense is the total cost for research and development activities. View historical data on WithSecure and its competitors.
Is WithSecure's Research & Development too high?
WithSecure's current Research & Development is €35.9 Mil. Overall, WithSecure has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does WithSecure's Research & Development compare to MSFT and ORCL?
WithSecure's Research & Development of €35.9 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on WithSecure and its competitors. WithSecure's current Research & Development is €35.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WithSecure stock overvalued right now?
WithSecure (CHIX:WITHH) has a current Research & Development of €35.9 Mil. The stock's GF Value™ is €0.74, compared to a current price of €1.34 — trading 81.1% above its estimated fair value. The current Research & Development is €35.9 Mil. WithSecure's overall GF Score™ is 16/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For WithSecure (CHIX:WITHH), the current Research & Development is €35.9 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is WithSecure (CHIX:WITHH) Overvalued in 2026?

Based on GuruFocus' analysis, WithSecure stock appears to be overvalued. The current stock price of €1.34 is trading 81.1% above its estimated GF Value™ of €0.74.

Key valuation signals for CHIX:WITHH:

  • Research & Development: €35.9 Mil
  • GF Value™: €0.74 vs. price of €1.34 (81.1% above fair value)
  • GF Score™: 16/100 with 5 warning signs

No single metric tells the full story. See the CHIX:WITHH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

WithSecure Business Description

Address Valimerenkatu 1, Helsinki, FIN, 00181
WithSecure Corp, formerly F-Secure Corp is a cyber security products and services company The Company has one segment which is security. Its solutions help to protect thousands of businesses from security threats. Geographically, WithSecure is focused on Europe and the United States, and the company's products are sold by thousands of resellers. The company's revenue is split into three categories. Cloud revenue includes the Elements platform cloud-based products, Managed Detection and Response (MDR) and Cloud Protection for Salesforce (CPSF) revenue. Onpremise revenue includes the Elements portfolio on-premise product (Endpoint protection) and other legacy products. Consulting revenue includes the cyber security consulting services.
16GF Score

Get the complete analysis for CHIX:WITHH

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.34
Price
€0.74
GF Value