QuantumScape (QS) Research & Development (2020 - 2026)
QuantumScape (QS) reported Research & Development of $84.6 million for Q1 2026, down 11.53% year-over-year from $95.6 million in Q1 2025, and down 2.53% on a QoQ basis from $86.8 million in Q4 2025.
QuantumScape (QS) has 7 years of Research & Development data on file, last reported at $84.6 million in Q1 2026.
- Quarterly Research & Development fell 11.53% year-over-year to $84.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $364.6 million (down 7.63% YoY) and the FY2025 annual result came in at $375.6 million, down 1.92% from the prior year.
- Research & Development retreated to $84.6 million in Q1 2026 per QS's latest filing, from $86.8 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.
- The 5-year median for Research & Development is $87.6 million (2022), against an average of $87.6 million.
- The widest annual swing landed in 2022, when Research & Development surged 121.91%; it then slipped 16.88% in 2025.
- Tracing QS's Research & Development over 5 years: stood at $83.4 million in 2022, then climbed by 15.62% to $96.4 million in 2023, then grew by 8.29% to $104.4 million in 2024, then fell by 16.88% to $86.8 million in 2025, then dropped by 2.53% to $84.6 million in 2026.
- Per Business Quant, the three latest QS Research & Development figures stand at $84.6 million (Q1 2026), $86.8 million (Q4 2025), and $92.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 77.46 Bn | 77.21 Bn | 2.35 Bn | - |
| 2 | Autozone | 56.88 Bn | 56.59 Bn | 2.24 Bn | - |
| 3 | Genuine Parts | 13.45 Bn | 12.97 Bn | 2.34 Bn | - |
| 4 | Modine Manufacturing | 13.16 Bn | 13.07 Bn | 186.10 Mn | - |
| 5 | Borgwarner | 13.07 Bn | 13.23 Bn | 677.00 Mn | - |
| 6 | Aptiv | 11.89 Bn | 8.82 Bn | 920.00 Mn | - |
| 7 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | - |
| 8 | Allison Transmission Holdings | 9.02 Bn | 8.71 Bn | 406.00 Mn | 54.00 Mn |
| 9 | Autoliv | 9.01 Bn | 8.66 Bn | 526.00 Mn | 120.00 Mn |
| 10 | QuantumScape | 5.11 Bn | 4.21 Bn | - | 84.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 35.78 Mn |
| Mar 31, 2021 | 29.47 Mn |
| Dec 31, 2020 | 22.73 Mn |
| Sep 30, 2020 | 16.98 Mn |
| Jun 30, 2020 | 12.05 Mn |
| Mar 31, 2020 | 13.35 Mn |