Update date
31 Dec 2025
Shareable Research Card
This metric view shows KSPI - Joint Stock Co Kaspi.kz research and development expense history from SEC company facts.
Use it to verify the latest reported value, compare nearby periods, and jump to a cross-company ranking when a curated insight exists.
Based on company facts extracted from SEC 10-Q/10-K XBRL filings where available. Values may differ by reporting period and company taxonomy.
Return Loop
This metric history becomes more useful after the next quarterly or annual filing because the latest reported value, period, and company comparison context can all change.
Metric freshness comes from the latest SEC company fact available for this taxonomy tag and the paired company facts page.
Latest update
Latest reported research and development expense: ₸208,580,000,000. Open the source-backed page to compare this metric with the newest filing-backed context.
Update date
31 Dec 2025
Page type
Metric history
Latest period
2025
Schedule 13D/G context is visible from filings filed on 18 Mar 2026.
Benchmark Context
Joint Stock Co Kaspi.kz sits in the bottom quarter of the current research and development expense sample.
Compared with
Compared with 1 companies reporting research and development expense in KZT. This keeps the comparison on the same metric and unit family.
Why this is notable
That is about 1x the current visible midpoint. Research And Development Expense is up about 90% versus the comparable prior period.
Peer comparisons use the same metric and compatible units only. Latest reported periods may differ across companies, so open each company page before drawing conclusions.
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Financial Metric Page
Latest period: 2025. Period end: 31 Dec 2025. Units: KZT. Frequency: annual.
Research And Development Expense is an SEC-reported metric from company XBRL facts.
Source: SEC Company Facts
Based on company facts extracted from SEC 10-Q/10-K XBRL filings where available. Reporting periods may differ by company.
Direct filing link is shown only when a matched SEC filing document is available for this metric context.
Compare latest available Research And Development Expense levels across SEC-reporting companies, then open each company metric page for SEC-backed verification. Reporting periods may differ by company.
Joint Stock Co Kaspi.kz appears at rank #1 in the latest comparison sample.
| Rank | Company | Latest value | Reported period | Next step |
|---|---|---|---|---|
| 1 | Joint Stock Co Kaspi.kz (kspi) | ₸208,580,000,000 | Year - 31 Dec 2025 | Open Joint Stock Co Kaspi.kz Research And Development Expense |
Compare periods with the same frequency first, then use YoY and TTM series to confirm whether changes are structural or one-off.
| Period | Value | YoY Chg | Change % | Start Date | End Date | Report | Filed | Fiscal Year | Fiscal Period |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | ₸208,580,000,000 | +₸99,027,000,000 | +90% | 01 Jan 2025 | 31 Dec 2025 | 20-F | 16 Mar 2026 | 2025 | FY |
| 2024 | ₸109,553,000,000 | +₸20,896,000,000 | +24% | 01 Jan 2024 | 31 Dec 2024 | 20-F | 16 Mar 2026 | 2025 | FY |
| 2023 | ₸88,657,000,000 | +₸27,850,000,000 | +46% | 01 Jan 2023 | 31 Dec 2023 | 20-F | 16 Mar 2026 | 2025 | FY |
| 2022 | ₸60,807,000,000 | +₸16,419,000,000 | +37% | 01 Jan 2022 | 31 Dec 2022 | 20-F | 10 Mar 2025 | 2024 | FY |
| 2021 | ₸44,388,000,000 | 01 Jan 2021 | 31 Dec 2021 | 20-F | 29 Apr 2024 | 2023 | FY |