Enlight Renewable Energy (ENLT) Operating Expenses (2021 - 2026)
Enlight Renewable Energy (ENLT) posted quarterly Operating Expenses of -$101.1 million for Q4 2025, down 37.69% year-over-year from -$162.3 million in Q4 2024, and up 60.09% quarter-over-quarter from -$253.3 million in Q3 2025.
Analysis
Enlight Renewable Energy (ENLT) Operating Expenses (2021 - 2026) Analysis & Trends
Enlight Renewable Energy's Operating Expenses history runs 4 years deep, the most recent figure standing at -$101.1 million for Q4 2025.
- In Q4 2025, Operating Expenses fell 37.69% year-over-year to -$101.1 million; the TTM figure through Dec 2025 stood at -$510.8 million (down 47.61% YoY), while the FY2025 annual figure was $354.4 million, up 47.67% from the prior year.
- Operating Expenses for Q4 2025 stood at -$101.1 million, up from -$253.3 million in the prior quarter.
- The five-year high for Operating Expenses was $66.2 million in Q4 2023, with the low at -$253.3 million in Q3 2025.
- The 4-year median for Operating Expenses is -$31.1 million (2023), against an average of -$49.2 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses advanced 12.78% in 2023, then tumbled 1736.0% in 2024.
- Enlight Renewable Energy's Operating Expenses stood at $58.7 million in 2022, then grew by 12.78% to $66.2 million in 2023, then sank by 211.0% to -$73.4 million in 2024, then plunged by 37.69% to -$101.1 million in 2025.
- Business Quant data shows ENLT's Operating Expenses at -$101.1 million in Q4 2025, -$253.3 million in Q3 2025, and -$81.5 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 30.72 Bn | 28.40 Bn | 2.59 Bn | -681.17 Mn |
| 2 | Enlight Renewable Energy | 9.46 Bn | 8.16 Bn | 117.49 Mn | -118.69 Mn |
| 3 | Ormat Technologies | 6.42 Bn | 5.77 Bn | 68.70 Mn | 27.07 Mn |
| 4 | Brookfield Renewable Partners | 4.65 Bn | 2.41 Bn | 927.00 Mn | 783.00 Mn |
| 5 | Clearway Energy | 3.45 Bn | 3.11 Bn | 332.00 Mn | 365.00 Mn |
| 6 | ReNew Energy Global | 2.48 Bn | 2.09 Bn | - | 418.00 Mn |
| 7 | Fluence Energy | 1.46 Bn | 894.31 Mn | 33.24 Mn | 63.04 Mn |
| 8 | XPLR Infrastructure | 1.12 Bn | 1.12 Bn | 219.00 Mn | 304.00 Mn |
| 9 | Energy Vault Holdings | 621.58 Mn | 514.23 Mn | 5.38 Mn | 30.04 Mn |
| 10 | Eco Wave Power Global AB (publ) | 283.14 Mn | 283.14 Mn | - | -769,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -118.69 Mn |
| Mar 31, 2026 | -117.96 Mn |
| Dec 31, 2025 | -101.11 Mn |
| Sep 30, 2025 | -253.34 Mn |
| Jun 30, 2025 | -81.47 Mn |
| Mar 31, 2025 | -74.84 Mn |
| Dec 31, 2024 | -73.43 Mn |
| Sep 30, 2024 | -166.60 Mn |
| Jun 30, 2024 | -53.67 Mn |
| Mar 31, 2024 | -52.32 Mn |
| Dec 31, 2023 | -39.65 Mn |
| Sep 30, 2023 | -9.07 Mn |
| Jun 30, 2023 | -9.93 Mn |
| Mar 31, 2023 | -9.45 Mn |
| Dec 31, 2022 | -34.33 Mn |
| Sep 30, 2022 | -9.47 Mn |
| Jun 30, 2022 | -9.22 Mn |
| Mar 31, 2022 | -7.35 Mn |
| Dec 31, 2021 | -20.29 Mn |