Nokia (NOK) Research & Development (2009 - 2025)
Nokia (NOK) posted Research & Development of -$21.0 million for Q4 2025, down 12.02% sequentially from -$18.7 million in Q3 2025, and up 99.09% YoY from -$10.5 million in Q4 2024.
Nokia (NOK) Research & Development (2009 - 2025) Analysis & Trends
Nokia has reported Research & Development for 17 years, with the latest figure at -$21.0 million in Q4 2025.
- Quarterly Research & Development rose 99.09% year-over-year to -$21.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$126.1 million (up 96.89% YoY) and the FY2025 annual result came in at $5.7 billion, up 17.21% from the prior year.
- Research & Development eased to -$21.0 million in Q4 2025 per NOK's latest filing, from -$18.7 million in the prior quarter.
- Over five years, Research & Development peaked at -$18.1 million in Q2 2025 and troughed at -$4.8 billion in Q4 2021.
- A 5-year average of -$1.7 billion and a median of -$896.2 million in 2021 frame the typical range for Research & Development.
- The sharpest annual moves came in 2021 and 2025: Research & Development slipped 11.55% in 2021, then jumped 99.09% in 2025.
- Over 5 years, Research & Development stood at -$4.8 billion in 2021, then rose by 3.7% to -$4.6 billion in 2022, then rose by 25.03% to -$3.5 billion in 2023, then jumped by 33.68% to -$2.3 billion in 2024, then jumped by 99.09% to -$21.0 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered -$21.0 million, -$18.7 million, and -$18.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 2.38 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 922.00 Mn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 260.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 90.60 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -20.95 Mn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 237.91 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 51.81 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | -1.12 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 7.77 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 184.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -20.95 Mn |
| Sep 30, 2025 | -18.70 Mn |
| Jun 30, 2025 | -18.11 Mn |
| Mar 31, 2025 | -68.37 Mn |
| Dec 31, 2024 | -2.31 Bn |
| Sep 30, 2024 | -571.07 Mn |
| Jun 30, 2024 | -579.37 Mn |
| Mar 31, 2024 | -590.98 Mn |
| Sep 30, 2023 | -3.48 Bn |
| Dec 31, 2022 | -4.64 Bn |
| Dec 31, 2021 | -4.82 Bn |
| Sep 30, 2021 | -3.65 Bn |
| Jun 30, 2021 | -2.48 Bn |
| Mar 31, 2021 | -1.20 Bn |
| Dec 31, 2020 | -4.87 Bn |
| Sep 30, 2020 | -3.44 Bn |
| Jun 30, 2020 | -2.22 Bn |
| Mar 31, 2020 | -1.11 Bn |
| Dec 31, 2019 | -1.29 Bn |
| Sep 30, 2019 | -3.72 Bn |