iQIYI (IQ) Research & Development: $234 Mil (TTM As of Mar. 2026)


IQ iQIYI Inc IQ
38 GF Score
Price $0.96
GF Value $2.25
Valuation Possible Value Trap
! 3 Warning Signs
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What is iQIYI Research & Development?

iQIYI IQ -4.83% 38 Research & Development is $234 Mil as of Mar. 2026. GuruFocus rates IQ with a GF Score™ of 38/100 and a GF Value™ of $2.25 (Possible Value Trap). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. iQIYI's Research & Development for the three months ended in Mar. 2026 was $59 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $234 Mil.

iQIYI  (NAS:IQ) 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.

iQIYI Research & Development Related Terms

iQIYI Research & Development Historical Data

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The historical data trend for iQIYI'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.

iQIYI Research & Development Chart

iQIYI Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 438.81 272.42 247.42 244.26 236.13

iQIYI 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 56.90 58.76 57.86 59.14 58.65
IQ
38GF Score
iQIYI Inc IQ
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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iQIYI 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 $234 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 $234 Mil mean?
iQIYI (IQ) has a Research & Development of $234 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on iQIYI and its competitors.
Is iQIYI's Research & Development too high?
iQIYI's current Research & Development is $234 Mil. Overall, iQIYI has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does iQIYI's Research & Development compare to AMC and RSVR?
iQIYI's Research & Development of $234 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Research & Development depends on the Media - Diversified 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 iQIYI and its competitors. iQIYI's current Research & Development is $234 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iQIYI stock overvalued right now?
Based on GuruFocus' analysis, iQIYI (IQ) is currently considered Possible Value Trap. The stock's GF Value™ is $2.25, compared to a current price of $0.96 — trading 57.3% below its estimated fair value. The current Research & Development is $234 Mil. iQIYI's overall GF Score™ is 38/100 with 3 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 iQIYI (IQ), the current Research & Development is $234 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.

Is iQIYI (IQ) Overvalued in 2026?

Based on GuruFocus' analysis, iQIYI stock appears to be undervalued. The current stock price of $0.96 is trading 57.3% below its estimated GF Value™ of $2.25. GuruFocus considers iQIYI to be Possible Value Trap.

Key valuation signals for IQ:

  • Research & Development: $234 Mil
  • GF Value™: $2.25 vs. price of $0.96 (57.3% below fair value)
  • GF Score™: 38/100 with 3 warning signs

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

iQIYI Business Description

Address No. 21, North Road of Workers\' Stadium, 4th Floor, iQIYI Youth Center, Yoolee Plaza, Chaoyang District, Beijing, CHN, 100027
Iqiyi is a leading streaming video-on-demand company in China that generates revenue mostly through a subscription basis. The platform also provides user-generated content to nonpaying users, monetized through ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes directly with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Bilibili. The company is 45% and 5% owned by Baidu and Xiaomi, respectively.
38GF Score

Get the complete analysis for IQ

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

$0.96
Price
$2.25
GF Value