Here Group (FRA:MK60) Research & Development: €6.7 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:MK60 Here Group Ltd FRA:MK60
20 GF Score
Price €1.55
! 7 Warning Signs
View Full Analysis

What is Here Group Research & Development?

Here Group FRA:MK60 +4.73% 20 Research & Development is €6.7 Mil as of Mar. 2026. GuruFocus rates FRA:MK60 with a GF Score™ of 20/100. The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Here Group's Research & Development for the three months ended in Mar. 2026 was €1.2 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €6.7 Mil.

Here Group  (FRA:MK60) 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.

Here Group Research & Development Related Terms

Here Group Research & Development Historical Data

* Premium members only.

The historical data trend for Here Group'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.

Here Group Research & Development Chart

Here Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Research & Development
15.02 38.64 28.33 18.55 11.90

Here Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.67 2.56 1.89 1.10 1.19
FRA:MK60
20GF Score
Here Group Ltd FRA:MK60
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Here Group Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €6.7 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 €6.7 Mil mean?
Here Group (FRA:MK60) has a Research & Development of €6.7 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Here Group and its competitors.
Is Here Group's Research & Development too high?
Here Group's current Research & Development is €6.7 Mil. Overall, Here Group has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Here Group's Research & Development compare to CLAR and PUSA?
Here Group's Research & Development of €6.7 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Research & Development depends on the Travel & Leisure 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 Here Group and its competitors. Here Group's current Research & Development is €6.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Here Group stock overvalued right now?
Here Group (FRA:MK60) has a current Research & Development of €6.7 Mil. The current Research & Development is €6.7 Mil. Here Group's overall GF Score™ is 20/100 with 7 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 Here Group (FRA:MK60), the current Research & Development is €6.7 Mil as of Mar. 2026. 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.

Here Group Business Description

Other Exchanges HERE:USA
Address Ronsin Technology Center, 2nd Floor, Building D, Chaoyang District, Beijing, CHN, 100102
Here Group Ltd is dedicated to creating collectible pop toys that evoke joy and emotional resonance. The group design and compelling storytelling, which provide users with a collecting experience that blends artistic value with emotional warmth, continuously convey a joyful and immersive brand culture. Adhering to the brand philosophy of joy, integrity, wonder, and co-creation, the company is building a vibrant ecosystem connecting creativity and emotion, working hand-in-hand with overall toy enthusiasts to create, share, and transmit dreams.
20GF Score

Get the complete analysis for FRA:MK60

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

€1.55
Price