Cenovus Energy (CVE) Research & Development (2011 - 2025)

Cenovus Energy has disclosed Research & Development across 15 years of filings, most recently posting $22.9 million for Q4 2025.

• In Q4 2025, Research & Development rose 146.58% year-over-year to $22.9 million; the TTM figure through Dec 2025 stood at $37.5 million (down 39.88% YoY), while the FY2025 annual figure was $29.3 million, down 40.59% from the prior year.
• Research & Development came in at $22.9 million for Q4 2025 at Cenovus Energy, up from $6.5 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $75.9 million in Q3 2022 to a low of $2.0 million in Q4 2022.
• Average Research & Development over 5 years is $13.9 million, with a median of $6.3 million recorded in 2025.
• Year-over-year, Research & Development sank 94.92% in 2021 and jumped 1811.05% in 2022.
• Over 5 years, Research & Development stood at $3.0 million in 2021, then slumped by 33.33% to $2.0 million in 2022, then surged by 1500.0% to $32.0 million in 2023, then sank by 70.92% to $9.3 million in 2024, then surged by 146.58% to $22.9 million in 2025.
• Per Business Quant data, the three most recent Research & Development figures were $22.9 million in Q4 2025, $6.5 million in Q3 2025, and $3.0 million in Q2 2025.