GE Vernova (GEV) Research & Development (2023 - 2026)
GE Vernova (GEV) posted Research & Development of $358 million for Q3 2026, up 15.5% from $310 million a year earlier and up 7.2% from the prior quarter.
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Analysis
GE Vernova (GEV) Research & Development (2023 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at GE Vernova was $1.36 billion, up 24.2% year-over-year; for FY2025, it came in at $1.2 billion, up 21.9% from FY2024.
- Annual Research & Development shows a three-year compound annual growth rate of 6.9% (FY2022 to FY2025).
- In prior years, GE Vernova's Research & Development was $982 million in FY2024 (+9.6%), $896 million in FY2023 (-8.5%) and $979 million in FY2022.
- Quarterly Research & Development has run from a low of $202 million in Q1 2023 to a high of $365 million in Q4 2025 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last 11 quarters, with growth averaging 18.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in Research & Development ranged from 0.8% (Q1 2025) to 37.7% (Q4 2025).
- According to Business Quant data, Research & Development for the three prior quarters was $334 million (Q2 2026), $304 million (Q1 2026) and $365 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 358.00 Mn |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 64.15 Mn |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 67.22 Mn |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 45.57 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 3.83 Mn |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 63.83 Mn |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 32.20 Mn |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | - |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 10.30 Mn |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 45.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 358.00 Mn |
| Jun 30, 2026 | 334.00 Mn |
| Mar 31, 2026 | 304.00 Mn |
| Dec 31, 2025 | 365.00 Mn |
| Sep 30, 2025 | 310.00 Mn |
| Jun 30, 2025 | 282.00 Mn |
| Mar 31, 2025 | 239.00 Mn |
| Dec 31, 2024 | 265.00 Mn |
| Sep 30, 2024 | 243.00 Mn |
| Jun 30, 2024 | 237.00 Mn |
| Mar 31, 2024 | 237.00 Mn |
| Dec 31, 2023 | 255.00 Mn |
| Sep 30, 2023 | 223.00 Mn |
| Jun 30, 2023 | 216.00 Mn |
| Mar 31, 2023 | 202.00 Mn |
API Access
GE Vernova 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=GEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "GEV", "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=GEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();