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| Date | Value |
|---|---|
| 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 |