Growth Metrics

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

Enphase Energy has reported Research & Development over the past 15 years, most recently at $46.2 million for Q4 2025.

  • Quarterly results put Research & Development at $46.2 million for Q4 2025, down 8.29% from a year ago — trailing twelve months through Dec 2025 was $189.1 million (down 6.08% YoY), and the annual figure for FY2025 was $189.1 million, down 6.08%.
  • Research & Development for Q4 2025 was $46.2 million at Enphase Energy, down from $47.3 million in the prior quarter.
  • Over the last five years, Research & Development for ENPH hit a ceiling of $60.0 million in Q2 2023 and a floor of $21.8 million in Q1 2021.
  • Median Research & Development over the past 5 years was $47.6 million (2024), compared with a mean of $44.6 million.
  • Biggest five-year swings in Research & Development: soared 99.92% in 2021 and later fell 18.61% in 2024.
  • Enphase Energy's Research & Development stood at $31.6 million in 2021, then skyrocketed by 57.28% to $49.7 million in 2022, then increased by 11.29% to $55.3 million in 2023, then fell by 8.86% to $50.4 million in 2024, then dropped by 8.29% to $46.2 million in 2025.
  • The last three reported values for Research & Development were $46.2 million (Q4 2025), $47.3 million (Q3 2025), and $45.4 million (Q2 2025) per Business Quant data.