Nokia (NOK) Research & Development (2009 - 2025)
Nokia's (NOK) quarterly Research & Development came in at -$1.6 billion in Q4 2025, down 29.45% year-over-year from -$2.2 billion in Q4 2024, and down 21.46% quarter-over-quarter from -$1.3 billion in Q2 2025.
Analysis
Nokia (NOK) Research & Development (2009 - 2025) Analysis & Trends
Nokia has disclosed Research & Development across 17 years of filings, most recently posting -$1.6 billion for Q4 2025.
- In Q4 2025, Research & Development fell 29.45% year-over-year to -$1.6 billion; the TTM figure through Dec 2025 stood at -$5.3 billion (down 8.64% YoY), while the FY2025 annual figure was -$5.4 billion, down 10.49% from the prior year.
- Research & Development came in at -$1.6 billion for Q4 2025 at Nokia, down from -$1.3 billion in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$310.3 million in Q2 2023 to a low of -$1.6 billion in Q4 2025.
- Average Research & Development over 5 years is -$1.1 billion, with a median of -$1.2 billion recorded in 2021.
- Year-over-year, Research & Development rose 6.8% in 2023 and plunged 293.5% in 2024.
- Over 5 years, Research & Development stood at -$1.3 billion in 2021, then climbed by 2.52% to -$1.2 billion in 2022, then grew by 6.8% to -$1.2 billion in 2023, then dropped by 4.47% to -$1.2 billion in 2024, then decreased by 29.45% to -$1.6 billion in 2025.
- Per Business Quant data, the three most recent Research & Development figures were -$1.6 billion in Q4 2025, -$1.3 billion in Q2 2025, and -$1.2 billion in Q4 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Asml Holding | 660.95 Bn | 645.44 Bn | 5.90 Bn | - |
| 2 | Hsbc Holdings | 367.89 Bn | 367.94 Bn | - | - |
| 3 | General Electric | 349.68 Bn | 340.56 Bn | 6.95 Bn | 460.00 Mn |
| 4 | Astrazeneca | 252.14 Bn | 246.93 Bn | 12.86 Bn | -4.05 Bn |
| 5 | Citigroup | 231.03 Bn | -2,068.84 Bn | 24.75 Bn | 2.27 Bn |
| 6 | Bhp | 229.70 Bn | 211.16 Bn | - | - |
| 7 | Diageo | 216.99 Bn | 217.04 Bn | - | - |
| 8 | Rio Tinto | 206.31 Bn | 201.93 Bn | - | - |
| 9 | Ferrari | 152.22 Bn | 150.47 Bn | 1.18 Bn | 252.82 Mn |
| 10 | Nokia | 57.71 Bn | 51.06 Bn | 3.40 Bn | -1.57 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -1.57 Bn |
| Jun 30, 2025 | -1.29 Bn |
| Dec 31, 2024 | -1.21 Bn |
| Sep 30, 2024 | -1.23 Bn |
| Jun 30, 2024 | -1.22 Bn |
| Mar 31, 2024 | -1.22 Bn |
| Dec 31, 2023 | -1.16 Bn |
| Sep 30, 2023 | -1.16 Bn |
| Jun 30, 2023 | -310.34 Mn |
| Mar 31, 2023 | -328.44 Mn |
| Dec 31, 2022 | -1.25 Bn |
| Dec 31, 2021 | -1.28 Bn |
| Sep 30, 2021 | -1.22 Bn |
| Jun 30, 2021 | -1.28 Bn |
| Mar 31, 2021 | -1.20 Bn |
| Dec 31, 2020 | -1.37 Bn |
| Sep 30, 2020 | -1.08 Bn |
| Jun 30, 2020 | -1.12 Bn |
| Mar 31, 2020 | -1.11 Bn |
| Dec 31, 2019 | -1.18 Bn |