Enphase Energy (ENPH) Research & Development (2011 - 2026)
Enphase Energy (ENPH) posted Research & Development of $45.66 million for Q2 2026, up 0.5% from $45.42 million a year earlier and up 1.8% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Research & Development (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Enphase Energy was $184.01 million, down 5.1% year-over-year; for FY2025, it came in at $189.08 million, down 6.1% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 27.6% (FY2020 to FY2025).
- In prior years, Enphase Energy's Research & Development was $201.32 million in FY2024 (-11.4%), $227.34 million in FY2023 (+34.6%), $168.85 million in FY2022 (+60.0%) and $105.53 million in FY2021 (+88.7%).
- Quarterly Research & Development has run from a low of $29.41 million in Q3 2021 to a high of $60.04 million in Q2 2023 over five years.
- On a year-over-year basis, Research & Development increased in 1 of the last eight quarters, with an average decline of 7.0%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2021, with growth of 99.9%; the weakest was Q2 2024, with a decline of 18.6%.
- According to Business Quant data, Research & Development for the three prior quarters was $44.87 million (Q1 2026), $46.21 million (Q4 2025) and $47.27 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Nuscale Power | 3.25 Bn | 3.20 Bn | -152,000.00 | 18.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.66 Mn |
| Mar 31, 2026 | 44.87 Mn |
| Dec 31, 2025 | 46.21 Mn |
| Sep 30, 2025 | 47.27 Mn |
| Jun 30, 2025 | 45.42 Mn |
| Mar 31, 2025 | 50.17 Mn |
| Dec 31, 2024 | 50.39 Mn |
| Sep 30, 2024 | 47.84 Mn |
| Jun 30, 2024 | 48.87 Mn |
| Mar 31, 2024 | 54.21 Mn |
| Dec 31, 2023 | 55.29 Mn |
| Sep 30, 2023 | 54.87 Mn |
| Jun 30, 2023 | 60.04 Mn |
| Mar 31, 2023 | 57.13 Mn |
| Dec 31, 2022 | 49.68 Mn |
| Sep 30, 2022 | 44.19 Mn |
| Jun 30, 2022 | 39.26 Mn |
| Mar 31, 2022 | 35.72 Mn |
| Dec 31, 2021 | 31.59 Mn |
| Sep 30, 2021 | 29.41 Mn |
API Access
Enphase Energy Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();