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Enphase Energy (ENPH) Research & Development (2016 - 2025)

Enphase Energy (ENPH) has 15 years of Research & Development data on record, last reported at $46.2 million in Q4 2025.

  • For Q4 2025, Research & Development fell 8.29% year-over-year to $46.2 million; the TTM value through Dec 2025 reached $189.1 million, down 6.08%, while the annual FY2025 figure was $189.1 million, 6.08% down from the prior year.
  • Research & Development reached $46.2 million in Q4 2025 per ENPH's latest filing, down from $47.3 million in the prior quarter.
  • Across five years, Research & Development topped out at $60.0 million in Q2 2023 and bottomed at $21.8 million in Q1 2021.
  • Average Research & Development over 5 years is $44.6 million, with a median of $47.6 million recorded in 2024.
  • Peak YoY movement for Research & Development: skyrocketed 99.92% in 2021, then dropped 18.61% in 2024.
  • A 5-year view of Research & Development shows it stood at $31.6 million in 2021, then soared by 57.28% to $49.7 million in 2022, then grew by 11.29% to $55.3 million in 2023, then decreased by 8.86% to $50.4 million in 2024, then fell by 8.29% to $46.2 million in 2025.
  • Per Business Quant database, its latest 3 readings for Research & Development were $46.2 million in Q4 2025, $47.3 million in Q3 2025, and $45.4 million in Q2 2025.