Quick Answer
MOGU Inc. reported R&D Expense of $4.13 million for fiscal year 2025.
MOGU Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $4.13M | -84.5% |
| 2024 | $26.72M | -27.9% |
| 2023 | $37.07M | -55.1% |
| 2022 | $82.64M | -20.1% |
| 2021 | $103.47M | -39.5% |
| 2020 | $171.14M | -27.6% |
| 2019 | $236.45M | -18.3% |
| 2018 | $289.27M | -30.9% |
| 2017 | $418.50M | — |
- MOGU Inc. showed a decrease of -84.5% in R&D Expense compared to the prior fiscal year.
- Over the 2017–2025 period, MOGU Inc.’s r&d expense has declined by 99.0% (from $418.50 million to $4.13 million).
- The most recent figure is from MOGU Inc.’s fiscal year 2025 report (Form 20-F), filed with the SEC on July 31, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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