QuantumScape (QS) Research & Development (2020 - 2026)
QuantumScape's (QS) quarterly Research & Development came in at $82.5 million in 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.
Analysis
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.
- On a quarterly basis, Research & Development fell 18.43% year-over-year to $82.5 million in Q2 2026; TTM through Jun 2026 was $345.9 million, a 13.11% decrease from a year earlier, with the FY2025 full-year figure at $375.6 million, down 1.92% from the prior year.
- Research & Development was $82.5 million for Q2 2026 at QuantumScape, down from $84.6 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 $87.3 million and a median of $87.2 million in 2022 frame the typical range for Research & Development.
- Across the five-year window, Research & Development soared 121.91% in 2022 and decreased 18.43% in 2026, its largest moves.
- Over 5 years, Research & Development stood at $83.4 million in 2022, then grew by 15.62% to $96.4 million in 2023, then increased by 8.29% to $104.4 million in 2024, then retreated by 16.88% to $86.8 million in 2025, then retreated by 4.88% to $82.5 million in 2026.
- The last three Research & Development figures came in at $82.5 million (Q2 2026), $84.6 million (Q1 2026), and $86.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | - |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | 82.53 Mn |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 10.51 Mn |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 25.30 Mn |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 2.87 Mn |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 24.44 Mn |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 4.10 Mn |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | -407,000.00 |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 8.86 Mn |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 11.36 Mn |
Historic Data
Download Data
Historic 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 |