Nokia (NOK) Research & Development (2009 - 2025)

Nokia (NOK) posted quarterly Research & Development of -$20.5 million for Q4 2025, up 99.17% year-on-year from -$10.3 million in Q4 2024, and down 12.5% on a QoQ basis from -$18.2 million in Q3 2025.

Nokia (NOK) Research & Development (2009 - 2025) Analysis & Trends

Nokia (NOK) has reported Research & Development for 17 consecutive years, with -$20.5 million the latest figure, recorded in Q4 2025.

  • Quarterly Research & Development rose 99.17% year-over-year to -$20.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$130.9 million (up 96.94% YoY) and the FY2025 annual result came in at $5.5 billion, up 7.6% from the prior year.
  • Research & Development eased to -$20.5 million in Q4 2025 per NOK's latest filing, from -$18.2 million in the prior quarter.
  • Over the last five years, Research & Development for NOK reached as high as -$18.2 million in Q2 2025 and fell as low as -$5.2 billion in Q4 2022.
  • A 5-year average of -$1.8 billion and a median of -$876.2 million in 2021 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2022 — Research & Development decreased 7.97% — and 2025, when it soared 99.17%.
  • Year by year, Research & Development stood at -$4.8 billion in 2021, then fell by 7.97% to -$5.2 billion in 2022, then increased by 29.74% to -$3.6 billion in 2023, then soared by 32.44% to -$2.5 billion in 2024, then jumped by 99.17% to -$20.5 million in 2025.
  • According to Business Quant data, Research & Development over the past three periods registered -$20.5 million, -$18.2 million, and -$18.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Cisco Systems 444.27 Bn 427.63 Bn 10.08 Bn 2.38 Bn
2 Motorola Solutions 68.42 Bn 67.56 Bn 1.36 Bn 252.00 Mn
3 Hewlett Packard Enterprise 63.57 Bn 58.72 Bn 9.10 Bn 744.00 Mn
4 Lumentum Holdings 59.61 Bn 56.43 Bn 357.00 Mn 90.60 Mn
5 Ciena 57.62 Bn 56.33 Bn 625.52 Mn 221.46 Mn
6 Nokia 52.70 Bn 45.22 Bn 9.86 Bn -20.48 Mn
7 Ubiquiti 32.00 Bn 31.63 Bn 370.71 Mn 51.81 Mn
8 AST SpaceMobile 17.20 Bn 17.78 Bn 3.67 Mn 7.13 Mn
9 Zebra Technologies 12.59 Bn 12.48 Bn 742.00 Mn 165.00 Mn
10 Viasat 10.14 Bn 8.46 Bn 615.36 Mn 41.52 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -20.48 Mn
Sep 30, 2025 -18.21 Mn
Jun 30, 2025 -18.21 Mn
Mar 31, 2025 -73.97 Mn
Dec 31, 2024 -2.46 Bn
Sep 30, 2024 -591.74 Mn
Jun 30, 2024 -612.22 Mn
Mar 31, 2024 -619.05 Mn
Sep 30, 2023 -3.64 Bn
Dec 31, 2022 -5.18 Bn
Dec 31, 2021 -4.80 Bn
Sep 30, 2021 -3.52 Bn
Jun 30, 2021 -2.34 Bn
Mar 31, 2021 -1.13 Bn
Dec 31, 2020 -4.65 Bn
Sep 30, 2020 -3.35 Bn
Jun 30, 2020 -2.30 Bn
Mar 31, 2020 -1.15 Bn
Dec 31, 2019 -1.33 Bn
Sep 30, 2019 -3.80 Bn