QuantumScape (QS) Research & Development (2020 - 2026)
QuantumScape (QS) posted quarterly Research & Development of $82.5 million for Q2 2026, down 18.43% year-over-year from $101.2 million in Q2 2025, and down 2.41% quarter-over-quarter from $84.6 million in Q1 2026.
QuantumScape (QS) Research & Development (2020 - 2026) Analysis & Trends
QuantumScape (QS) has reported Research & Development for 7 consecutive years, with $82.5 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development fell 18.43% year-over-year to $82.5 million; the TTM figure through Jun 2026 stood at $345.9 million (down 13.11% YoY), while the FY2025 annual figure was $375.6 million, down 1.92% from the prior year.
- Research & Development declined to $82.5 million in Q2 2026 per QS's latest filing, from $84.6 million in the prior quarter.
- Across five years, Research & Development topped out at $104.4 million in Q4 2024 and bottomed at $61.3 million in Q1 2022.
- Historically, Research & Development has averaged $87.3 million across 5 years, with a median of $87.2 million in 2022.
- Annual changes were most pronounced in 2022 — Research & Development jumped 121.91% — and 2026, when it slipped 18.43%.
- QuantumScape's Research & Development stood at $83.4 million in 2022, then rose by 15.62% to $96.4 million in 2023, then gained by 8.29% to $104.4 million in 2024, then slipped by 16.88% to $86.8 million in 2025, then slipped by 4.88% to $82.5 million in 2026.
- Business Quant data shows QS's Research & Development at $82.5 million in Q2 2026, $84.6 million in Q1 2026, and $86.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.61 Bn | 73.35 Bn | 2.52 Bn | - |
| 2 | Autozone | 48.49 Bn | 48.24 Bn | 2.52 Bn | - |
| 3 | Magna International | 19.77 Bn | 18.34 Bn | 1.61 Bn | - |
| 4 | Genuine Parts | 18.49 Bn | 17.93 Bn | 2.47 Bn | - |
| 5 | Borgwarner | 13.65 Bn | 11.20 Bn | 721.00 Mn | - |
| 6 | Allison Transmission Holdings | 10.91 Bn | 10.51 Bn | 515.00 Mn | 56.00 Mn |
| 7 | Modine Manufacturing | 10.35 Bn | 10.28 Bn | - | - |
| 8 | Aptiv | 10.34 Bn | 9.58 Bn | 775.00 Mn | - |
| 9 | Autoliv | 9.28 Bn | 8.90 Bn | 509.00 Mn | 122.00 Mn |
| 10 | QuantumScape | 3.73 Bn | 3.73 Bn | - | 82.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 82.53 Mn |
| Mar 31, 2026 | 84.57 Mn |
| Dec 31, 2025 | 86.77 Mn |
| Sep 30, 2025 | 92.07 Mn |
| Jun 30, 2025 | 101.18 Mn |
| Mar 31, 2025 | 95.59 Mn |
| Dec 31, 2024 | 104.38 Mn |
| Sep 30, 2024 | 96.99 Mn |
| Jun 30, 2024 | 97.75 Mn |
| Mar 31, 2024 | 83.85 Mn |
| Dec 31, 2023 | 96.40 Mn |
| Sep 30, 2023 | 88.15 Mn |
| Jun 30, 2023 | 86.45 Mn |
| Mar 31, 2023 | 76.94 Mn |
| Dec 31, 2022 | 83.38 Mn |
| Sep 30, 2022 | 87.58 Mn |
| Jun 30, 2022 | 65.13 Mn |
| Mar 31, 2022 | 61.35 Mn |
| Dec 31, 2021 | 46.79 Mn |
| Sep 30, 2021 | 39.47 Mn |