Quick Answer
MicroCloud Hologram Inc. reported R&D Expense of $7.97 million for fiscal year 2025.
MicroCloud Hologram Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $7.97M | -95.4% |
| 2024 | $174.39M | +121.7% |
| 2023 | $78.66M | -76.3% |
| 2022 | $331.27M | +127.9% |
| 2021 | $145.35M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| March 31, 2023 | $4.11M | -37.3% | -40.4% |
| September 30, 2022 | $6.89M | -64.8% | +5.2% |
| March 31, 2022 | $6.55M | — | -66.5% |
| September 30, 2021 | $19.57M | — | — |
- MicroCloud Hologram Inc. showed a decrease of -95.4% in R&D Expense compared to the prior fiscal year.
- Over the 2021–2025 period, MicroCloud Hologram Inc.’s r&d expense has declined by 94.5% (from $145.35 million to $7.97 million).
- The most recent figure is from MicroCloud Hologram Inc.’s fiscal year 2025 report (Form 20-F), filed with the SEC on March 27, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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