Vale (VALE) Research & Development (2009 - 2025)

Vale has disclosed Research & Development across 14 years of filings, most recently posting -$151.0 million for Q3 2025.

• Research & Development for Q3 2025 came in at -$151.0 million, up 21.35% year-over-year; the trailing twelve-month figure through Sep 2025 was -$687.8 million (up 10.4% YoY), and the FY2024 annual result was $790.0 million, up 9.27% from the prior year.
• Research & Development came in at -$151.0 million for Q3 2025 at Vale, up from -$159.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$98.0 million in Q1 2021 to a low of -$254.8 million in Q4 2024.
• The 5-year median for Research & Development is -$159.0 million (2025), against an average of -$166.1 million.
• Across the five-year window, Research & Development decreased 25.93% in 2022 and increased 21.35% in 2025, its largest moves.
• Vale's Research & Development stood at -$177.0 million in 2021, then dropped by 23.18% to -$218.0 million in 2022, then declined by 5.8% to -$230.7 million in 2023, then fell by 10.47% to -$254.8 million in 2024, then surged by 40.75% to -$151.0 million in 2025.
• The last three Research & Development figures came in at -$151.0 million (Q3 2025), -$159.0 million (Q2 2025), and -$123.0 million (Q1 2025), per Business Quant data.