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% quarter-over-quarter from $86.8 million in Q4 2025.

QuantumScape (QS) Research & Development (2020 - 2026) Analysis & Trends

QuantumScape (QS) has 7 years of Research & Development data on file, last reported at $84.6 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $84.6 million, down 11.53% year-over-year; the trailing twelve-month figure through Mar 2026 was $364.6 million (down 7.63% YoY), and the FY2025 annual result was $375.6 million, down 1.92% from the prior year.
  • Research & Development fell to $84.6 million in Q1 2026 per QS's latest filing, from $86.8 million in the prior quarter.
  • Over five years, Research & Development peaked at $104.4 million in Q4 2024 and troughed at $61.3 million in Q1 2022.
  • A 5-year average of $87.6 million and a median of $87.6 million in 2022 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2025: Research & Development jumped 121.91% in 2022, then declined 16.88% in 2025.
  • A 5-year view of Research & Development shows it stood at $83.4 million in 2022, then increased by 15.62% to $96.4 million in 2023, then rose by 8.29% to $104.4 million in 2024, then decreased by 16.88% to $86.8 million in 2025, then fell by 2.53% to $84.6 million in 2026.
  • Business Quant data shows QS's Research & Development at $84.6 million in Q1 2026, $86.8 million in Q4 2025, and $92.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 O Reilly Automotive 76.00 Bn 75.75 Bn 2.35 Bn -
2 Autozone 51.46 Bn 51.20 Bn 2.52 Bn -
3 Modine Manufacturing 15.07 Bn 14.98 Bn 186.10 Mn -
4 Borgwarner 14.88 Bn 15.05 Bn 677.00 Mn -
5 Genuine Parts 14.73 Bn 14.25 Bn 2.34 Bn -
6 Aptiv 13.96 Bn 10.89 Bn 920.00 Mn -
7 Aurora Innovation 11.93 Bn 10.71 Bn -5.00 Mn 195.00 Mn
8 Magna International 10.79 Bn 9.60 Bn 1.42 Bn -
9 Allison Transmission Holdings 10.06 Bn 9.75 Bn 406.00 Mn 54.00 Mn
10 QuantumScape 4.23 Bn 3.33 Bn - 84.57 Mn

Historic Data

Download Data
DateValue
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