Xiaomi reported record Q1 2025 results with revenues reaching CNY 111.3 billion ($15.4 billion), marking a 47% year-on-year growth, while net profits surged by over 64% to $1.48 billion.
Research and development expenses increased by over 30% to $930 million, with Xiaomi holding over 43,000 patents globally and nearly half of its employees (47.7%) focusing on R&D.
The smartphone and AIoT division led the way with $12.8 billion in revenue, up by 22% annually. Xiaomi has over 718.8 million global monthly active users and maintained a top-3 position in global smartphone shipments for 19 consecutive quarters.
Xiaomi is making significant investments, including over CNY 13.5 billion ($1.87 billion) in the Xring O1 chipset, strengthening its presence in flagship smartphones and leading markets like wearables where it secured top positions globally and in China.