HashKey Holdings (FRA:QO1) Research & Development: €61.49 Mil (TTM As of Dec. 2025)

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FRA:QO1 HashKey Holdings Ltd FRA:QO1
11 GF Score
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What is HashKey Holdings Research & Development?

HashKey Holdings FRA:QO1 +0.61% 11 Research & Development is €61.49 Mil as of Dec. 2025. GuruFocus rates FRA:QO1 with a GF Score™ of 11/100. The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. HashKey Holdings's Research & Development for the six months ended in Dec. 2025 was €30.59 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was €61.49 Mil.

HashKey Holdings  (FRA:QO1) 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.

HashKey Holdings Research & Development Related Terms

HashKey Holdings Research & Development Historical Data

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The historical data trend for HashKey Holdings'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.

HashKey Holdings Research & Development Chart

HashKey Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Research & Development
29.97 38.05 68.39 55.31

HashKey Holdings Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Research & Development Get a 7-Day Free Trial 30.74 36.64 24.88 30.59 30.90
FRA:QO1
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HashKey Holdings Ltd FRA:QO1
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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HashKey Holdings Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €61.49 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 €61.49 Mil mean?
HashKey Holdings (FRA:QO1) has a Research & Development of €61.49 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on HashKey Holdings and its competitors.
Is HashKey Holdings' Research & Development too high?
HashKey Holdings' current Research & Development is €61.49 Mil. Overall, HashKey Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HashKey Holdings' Research & Development compare to SPGI and CME?
HashKey Holdings' Research & Development of €61.49 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Research & Development depends on the Capital Markets 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 HashKey Holdings and its competitors. HashKey Holdings's current Research & Development is €61.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HashKey Holdings stock overvalued right now?
HashKey Holdings (FRA:QO1) has a current Research & Development of €61.49 Mil. The current Research & Development is €61.49 Mil. HashKey Holdings' overall GF Score™ is 11/100 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 HashKey Holdings (FRA:QO1), the current Research & Development is €61.49 Mil as of Dec. 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.

HashKey Holdings Business Description

Other Exchanges 03887:Hong Kong
Address 8 Connaught Place, 14th Floor, Three Exchange Square, Central, Hong Kong, HKG
HashKey Holdings Ltd is an investment holding company, principally engaged in digital asset exchange custody, asset management, and related blockchain infrastructure services. The Group's business includes licensed digital asset trading platforms, brokerage services, custody solutions, asset management products, and technology services provided to institutional and professional clients. The company's business segments are: Transaction facilitation services, On-chain services, and Asset management services. It derived the majority of revenue from the Transaction facilitation services segment, covering digital asset exchange services, brokerage services, and custody services. Geographically, it derived the maximum revenue from Hong Kong.
11GF Score

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

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