XD (XDNCF) Research & Development: $137.9 Mil (TTM As of Dec. 2025)


XDNCF XD Inc XDNCF
90 GF Score
Price $2.70
GF Value $2.34
! 1 Warning Sign
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What is XD Research & Development?

XD XDNCF +17.39% 90 Research & Development is $137.9 Mil as of Dec. 2025. GuruFocus rates XDNCF with a GF Score™ of 90/100 and a GF Value™ of $2.34. The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. XD's Research & Development for the six months ended in Dec. 2025 was $61.4 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was $137.9 Mil.

XD  (OTCPK:XDNCF) 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.

XD Research & Development Related Terms

XD Research & Development Historical Data

* Premium members only.

The historical data trend for XD'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.

XD Research & Development Chart

XD 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 195.03 184.15 142.25 126.29 139.34

XD Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 68.33 57.82 68.67 76.44 61.41
XDNCF
90GF Score
XD Inc XDNCF
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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XD 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 $137.9 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 $137.9 Mil mean?
XD (XDNCF) has a Research & Development of $137.9 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on XD and its competitors.
Is XD's Research & Development too high?
XD's current Research & Development is $137.9 Mil. Overall, XD has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does XD's Research & Development compare to NTES and EA?
XD's Research & Development of $137.9 Mil can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Research & Development depends on the Interactive Media 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 XD and its competitors. XD's current Research & Development is $137.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XD stock overvalued right now?
XD (XDNCF) has a current Research & Development of $137.9 Mil. The stock's GF Value™ is $2.34, compared to a current price of $2.70 — trading 15.4% above its estimated fair value. The current Research & Development is $137.9 Mil. XD's overall GF Score™ is 90/100 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 XD (XDNCF), the current Research & Development is $137.9 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 XD (XDNCF) Overvalued in 2026?

Based on GuruFocus' analysis, XD stock appears to be overvalued. The current stock price of $2.70 is trading 15.4% above its estimated GF Value™ of $2.34.

Key valuation signals for XDNCF:

  • Research & Development: $137.9 Mil
  • GF Value™: $2.34 vs. price of $2.70 (15.4% above fair value)
  • GF Score™: 90/100 with 1 warning sign

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

XD Business Description

Other Exchanges 02400:Hong Kong3OE:Germany
Address Wanrong Road, Unit A2, No. 700, Shanghai, CHN
XD Inc is an investment holding company. It is principally engaged in the development, operation, publishing and distribution of mobile and web games and operation of TapTap, a game community and platform. Its operating segments are game segment, offers game publishing and operating services on its own and via other Distribution Channels. Revenues from the game segment are mainly derived from game publishing and operating services. The TapTap platform segment offers online marketing services to game developers, game publishers, or their agents through the group's self-developed primary game community and platform. It generates majority of revenue from Game segment. Geographically majority of revenue comes from Chinese mainland.
90GF Score

Get the complete analysis for XDNCF

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

$2.70
Price
$2.34
GF Value