QuantumScape (QS) Research & Development (2020 - 2026)
QuantumScape's Research & Development was $73.88 million in Q3 2026, down 19.8% from $92.07 million a year earlier and down 10.5% from the prior quarter.
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Analysis
QuantumScape (QS) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, QuantumScape's Research & Development was $327.75 million through Sep 30, 2026, down 16.7% year-over-year; for FY2025, it was $375.61 million, down 1.9% from FY2024.
- Research & Development shows a five-year compound annual growth rate of 42.0% (FY2020 to FY2025).
- In earlier years, Research & Development was $382.97 million in FY2024 (+10.1%), $347.95 million in FY2023 (+17.0%), $297.44 million in FY2022 (+96.3%) and $151.5 million in FY2021 (+132.7%).
- The Q3 2026 figure marks the lowest quarterly Research & Development since Q2 2022.
- Compared with a year earlier, Research & Development has declined for five straight quarters, with an average decline of 5.7% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was Q3 2022 (growth of 121.9%); the worst was Q3 2026 (a decline of 19.8%).
- Per Business Quant data, QS's Research & Development in the three quarters before Q3 2026 was $82.53 million (Q2 2026), $84.57 million (Q1 2026) and $86.77 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 220.58 Bn | 171.68 Bn | 3.11 Bn | 358.00 Mn |
| 2 | Bloom Energy | 56.91 Bn | 46.81 Bn | 417.10 Mn | 64.15 Mn |
| 3 | First Solar | 20.56 Bn | 11.92 Bn | 713.06 Mn | 67.22 Mn |
| 4 | Nextpower | 15.90 Bn | 11.61 Bn | 345.32 Mn | 45.57 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 3.83 Mn |
| 6 | Generac Holdings | 11.11 Bn | 9.84 Bn | 516.04 Mn | 63.83 Mn |
| 7 | EnerSys | 5.54 Bn | 3.73 Bn | 313.36 Mn | - |
| 8 | Mirion Technologies | 4.72 Bn | 3.08 Bn | 131.50 Mn | 10.30 Mn |
| 9 | Enphase Energy | 3.84 Bn | -474.64 Mn | 127.12 Mn | 45.20 Mn |
| 10 | QuantumScape | 2.84 Bn | -715.25 Mn | - | 73.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 73.88 Mn |
| 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 |
API Access
QuantumScape Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=QS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "QS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=QS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();