91APP (ROCO:6741) Research & Development: NT$209 Mil (TTM As of Dec. 2025)


ROCO:6741 91APP Inc ROCO:6741
86 GF Score
Price NT$62.30
GF Value NT$133.30
Valuation Significantly Undervalued
! 1 Warning Sign
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What is 91APP Research & Development?

91APP ROCO:6741 +0.81% 86 Research & Development is NT$209 Mil as of Dec. 2025. GuruFocus rates ROCO:6741 with a GF Score™ of 86/100 and a GF Value™ of NT$133.30 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. 91APP's Research & Development for the three months ended in Dec. 2025 was NT$63 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$209 Mil.

91APP  (ROCO:6741) 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.

91APP Research & Development Related Terms

91APP Research & Development Historical Data

* Premium members only.

The historical data trend for 91APP'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.

91APP Research & Development Chart

91APP Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 119.05 125.29 142.21 155.54 209.07

91APP Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 48.35 45.81 47.97 52.26 63.03
ROCO:6741
86GF Score
91APP Inc ROCO:6741
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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91APP 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 quarterly data reported by the company within the most recent 12 months, which was NT$209 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 NT$209 Mil mean?
91APP (ROCO:6741) has a Research & Development of NT$209 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on 91APP and its competitors.
Is 91APP's Research & Development too high?
91APP's current Research & Development is NT$209 Mil. Overall, 91APP has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 91APP's Research & Development compare to MSFT and ORCL?
91APP's Research & Development of NT$209 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 91APP and its competitors. 91APP's current Research & Development is NT$209 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 91APP stock overvalued right now?
Based on GuruFocus' analysis, 91APP (ROCO:6741) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$133.30, compared to a current price of NT$62.30 — trading 53.3% below its estimated fair value. The current Research & Development is NT$209 Mil. 91APP's overall GF Score™ is 86/100 with 1 warning sign 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 91APP (ROCO:6741), the current Research & Development is NT$209 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.

Is 91APP (ROCO:6741) Overvalued in 2026?

Based on GuruFocus' analysis, 91APP stock appears to be undervalued. The current stock price of NT$62.30 is trading 53.3% below its estimated GF Value™ of NT$133.30. GuruFocus considers 91APP to be Significantly Undervalued.

Key valuation signals for ROCO:6741:

  • Research & Development: NT$209 Mil
  • GF Value™: NT$133.30 vs. price of NT$62.30 (53.3% below fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the ROCO:6741 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

91APP Business Description

Address Lane 768, Bade Road, 6th Floor, No. 5, Section 4, Nangang District, Taipei, TWN, 115
91APP Inc is mainly engaged in the general investment business, software design services and software retail, data processing services, information technology consultancy services, product design, wholesale of computer and business machinery equipment, and other related information technology businesses. It operates through the E-commerce software and marketing services segment, which generates maximum revenue, and the Restaurant software and consulting services segment, which provide e-commerce and digital marketing solutions and smart restaurant technology services. Its products include Commerce Cloud, Marketing Cloud, and 91APP Payments, and solutions include OMO (Online-Merge-Offline), retail digital transformation, and Retail AI jooii. It generates maximum revenue from Taiwan.
86GF Score

Get the complete analysis for ROCO:6741

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

NT$62.30
Price
NT$133.30
GF Value