Enphase Energy (ENPH) Research & Development (2011 - 2026)

Enphase Energy's Research & Development history runs 16 years deep, the most recent figure standing at $48.1 million for Q1 2026.

• On a quarterly basis, Research & Development fell 1.76% year-over-year to $48.1 million in Q1 2026; TTM through Mar 2026 was $195.4 million, a 0.32% change from a year earlier, with the FY2025 full-year figure at $197.5 million, down 1.89% from the prior year.
• Research & Development declined to $48.1 million in Q1 2026 per ENPH's latest filing, from $54.6 million in the prior quarter.
• Across five years, Research & Development topped out at $64.6 million in Q1 2023 and bottomed at $18.7 million in Q4 2022.
• The 5-year median for Research & Development is $48.9 million (2025), against an average of $49.3 million.
• Across the five-year window, Research & Development jumped 220.24% in 2023 and decreased 17.51% in 2024, its largest moves.
• Year by year, Research & Development stood at $18.7 million in 2022, then soared by 220.24% to $59.7 million in 2023, then declined by 15.66% to $50.4 million in 2024, then advanced by 8.44% to $54.6 million in 2025, then dropped by 12.0% to $48.1 million in 2026.
• Per Business Quant, the three latest ENPH Research & Development figures stand at $48.1 million (Q1 2026), $54.6 million (Q4 2025), and $47.3 million (Q3 2025).