Ormat Technologies (ORA) Operating Expenses (2009 - 2026)
Ormat Technologies (ORA) posted quarterly Operating Expenses of $35.4 million for Q4 2025, up 48.96% year-over-year from $23.7 million in Q4 2024, and up 41.03% quarter-over-quarter from $25.1 million in Q3 2025.
Analysis
Ormat Technologies (ORA) Operating Expenses (2009 - 2026) Analysis & Trends
Ormat Technologies' Operating Expenses history runs 17 years deep, the most recent figure standing at $35.4 million for Q4 2025.
- In Q4 2025, Operating Expenses rose 48.96% year-over-year to $35.4 million; the TTM figure through Dec 2025 stood at $105.0 million (up 10.12% YoY), while the FY2025 annual figure was $98.5 million, up 0.69% from the prior year.
- Operating Expenses for Q4 2025 stood at $35.4 million, up from $25.1 million in the prior quarter.
- The five-year high for Operating Expenses was $35.4 million in Q4 2025, with the low at $8.7 million in Q4 2021.
- The 5-year median for Operating Expenses is $22.2 million (2021), against an average of $21.6 million.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses plunged 52.19% in 2021, then jumped 105.89% in 2022.
- Ormat Technologies' Operating Expenses stood at $8.7 million in 2021, then soared by 105.89% to $17.9 million in 2022, then gained by 28.26% to $23.0 million in 2023, then advanced by 3.38% to $23.7 million in 2024, then soared by 48.96% to $35.4 million in 2025.
- Business Quant data shows ORA's Operating Expenses at $35.4 million in Q4 2025, $25.1 million in Q3 2025, and $24.2 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 30.72 Bn | 28.40 Bn | 2.59 Bn | -681.17 Mn |
| 2 | Enlight Renewable Energy | 9.46 Bn | 8.16 Bn | 117.49 Mn | -118.69 Mn |
| 3 | Ormat Technologies | 6.42 Bn | 5.77 Bn | 68.70 Mn | 27.07 Mn |
| 4 | Brookfield Renewable Partners | 4.65 Bn | 2.41 Bn | 927.00 Mn | 783.00 Mn |
| 5 | Clearway Energy | 3.45 Bn | 3.11 Bn | 332.00 Mn | 365.00 Mn |
| 6 | ReNew Energy Global | 2.48 Bn | 2.09 Bn | - | 418.00 Mn |
| 7 | Fluence Energy | 1.46 Bn | 894.31 Mn | 33.24 Mn | 63.04 Mn |
| 8 | XPLR Infrastructure | 1.12 Bn | 1.12 Bn | 219.00 Mn | 304.00 Mn |
| 9 | Energy Vault Holdings | 621.58 Mn | 514.23 Mn | 5.38 Mn | 30.04 Mn |
| 10 | Eco Wave Power Global AB (publ) | 283.14 Mn | 283.14 Mn | - | -769,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.07 Mn |
| Dec 31, 2025 | 27.18 Mn |
| Sep 30, 2025 | 25.07 Mn |
| Jun 30, 2025 | 24.16 Mn |
| Mar 31, 2025 | 22.08 Mn |
| Dec 31, 2024 | 23.74 Mn |
| Sep 30, 2024 | 27.22 Mn |
| Jun 30, 2024 | 22.19 Mn |
| Mar 31, 2024 | 24.66 Mn |
| Dec 31, 2023 | 22.96 Mn |
| Sep 30, 2023 | 18.73 Mn |
| Jun 30, 2023 | 23.18 Mn |
| Mar 31, 2023 | 21.62 Mn |
| Dec 31, 2022 | 17.90 Mn |
| Sep 30, 2022 | 20.15 Mn |
| Jun 30, 2022 | 17.48 Mn |
| Mar 31, 2022 | 21.94 Mn |
| Dec 31, 2021 | 19.77 Mn |
| Sep 30, 2021 | 26.23 Mn |
| Jun 30, 2021 | 22.23 Mn |