Nokia (NOKBF) Research & Development (2009 - 2025)
Nokia's (NOKBF) quarterly Research & Development came in at -$21.0 million in Q4 2025, up 99.09% year-on-year from -$10.5 million in Q4 2024, and up 99.09% quarter-over-quarter from -$2.3 billion in Q4 2024.
Nokia (NOKBF) Research & Development (2009 - 2025) Analysis & Trends
Nokia has disclosed Research & Development across 16 years of filings, most recently posting -$21.0 million for Q4 2025.
- Research & Development for Q4 2025 came in at -$21.0 million, up 99.09% year-over-year; the trailing twelve-month figure through Dec 2025 was -$3.5 billion (up 14.08% YoY), and the FY2025 annual result was $5.5 billion, up 13.77% from the prior year.
- Research & Development came in at -$21.0 million for Q4 2025 at Nokia, up from -$2.3 billion in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$21.0 million in Q4 2025 to a low of -$4.8 billion in Q4 2021.
- The 4-year median for Research & Development is -$1.2 billion (2021), against an average of -$2.0 billion.
- Across the five-year window, Research & Development slipped 8.07% in 2021 and surged 99.09% in 2025, its largest moves.
- Nokia's Research & Development stood at -$4.8 billion in 2021, then grew by 3.7% to -$4.6 billion in 2022, then surged by 50.28% to -$2.3 billion in 2024, then surged by 99.09% to -$21.0 million in 2025.
- The last three Research & Development figures came in at -$21.0 million (Q4 2025), -$2.3 billion (Q4 2024), and -$571.1 million (Q3 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 2.38 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 221.46 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 252.00 Mn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 744.00 Mn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 90.60 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 51.81 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | 7.13 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 25.66 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 165.00 Mn |
| 10 | Nokia | - | - | 10.09 Bn | -20.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -20.95 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 |
| Dec 31, 2022 | -4.64 Bn |
| Dec 31, 2021 | -4.82 Bn |
| Sep 30, 2021 | -3.65 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 |
| Jun 30, 2019 | 1.31 Bn |
| Mar 31, 2019 | -5.25 Bn |
| Dec 31, 2018 | 1.33 Bn |
| Sep 30, 2018 | 1.31 Bn |
| Jun 30, 2018 | 1.39 Bn |