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Ormat Technologies (ORA) Operating Expenses (2009 - 2025)

Ormat Technologies' quarterly Operating Expenses came in at $22.8 million in Q4 2025, up 8.52% year-on-year from $21.0 million in Q4 2024, and up 6.08% quarter-over-quarter from $21.5 million in Q3 2025.

Ormat Technologies has reported Operating Expenses for 17 years, with the latest figure at $22.8 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 8.52% year-over-year to $22.8 million; the trailing twelve-month figure through Dec 2025 stood at $85.9 million (down 0.84% YoY), and the FY2025 full-year result was $85.9 million, down 0.84% from the prior year.
  • Operating Expenses for Q4 2025 stood at $22.8 million, up from $21.5 million in the prior quarter.
  • The five-year high for Operating Expenses was $24.8 million in Q3 2024, with the low at $14.9 million in Q2 2022.
  • Average Operating Expenses over 5 years is $19.7 million, with a median of $19.8 million recorded in 2023.
  • Year-over-year, Operating Expenses slumped 30.06% in 2022 and surged 60.59% in 2024.
  • Tracing ORA's Operating Expenses over 5 years: stood at $16.5 million in 2021, then dropped by 5.74% to $15.5 million in 2022, then soared by 36.11% to $21.1 million in 2023, then slipped by 0.63% to $21.0 million in 2024, then gained by 8.52% to $22.8 million in 2025.
  • The last three Operating Expenses figures came in at $22.8 million (Q4 2025), $21.5 million (Q3 2025), and $21.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 AXIA Energia 193.97 Bn 191.26 Bn 1.44 Bn -424.56 Mn
2 Enlight Renewable Energy 13.10 Bn 12.57 Bn 85.64 Mn -101.11 Mn
3 Ormat Technologies 8.30 Bn 8.16 Bn 78.83 Mn 22.76 Mn
4 Fluence Energy 3.60 Bn 3.28 Bn 46.63 Mn 58.30 Mn
5 Clearway Energy 1.42 Bn 4.77 Bn 220.00 Mn 334.00 Mn
6 XPLR Infrastructure 1.16 Bn 8.69 Bn 141.00 Mn 292.00 Mn
7 Energy Vault Holdings 916.05 Mn 870.62 Mn 4.79 Mn 28.99 Mn
8 Ellomay Capital 782.29 Mn 671.00 Mn 1.49 Mn -5,926.00
9 ReNew Energy Global 342.92 Mn 58.95 Mn 269.00 Mn 408.00 Mn
10 Nextnrg 90.54 Mn 87.86 Mn 1.71 Mn 11.81 Mn

Historic Data

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DateValue
Dec 31, 2025 22.76 Mn
Sep 30, 2025 21.46 Mn
Jun 30, 2025 21.23 Mn
Mar 31, 2025 20.45 Mn
Dec 31, 2024 20.97 Mn
Sep 30, 2024 24.79 Mn
Jun 30, 2024 19.76 Mn
Mar 31, 2024 21.10 Mn
Dec 31, 2023 21.11 Mn
Sep 30, 2023 15.44 Mn
Jun 30, 2023 19.90 Mn
Mar 31, 2023 18.96 Mn
Dec 31, 2022 15.51 Mn
Sep 30, 2022 17.30 Mn
Jun 30, 2022 14.91 Mn
Mar 31, 2022 18.64 Mn
Dec 31, 2021 16.45 Mn
Sep 30, 2021 24.73 Mn
Jun 30, 2021 19.37 Mn
Mar 31, 2021 19.48 Mn
Dec 31, 2020 18.19 Mn
Sep 30, 2020 16.03 Mn
Jun 30, 2020 13.04 Mn
Mar 31, 2020 18.36 Mn
Dec 31, 2019 15.91 Mn
Sep 30, 2019 12.99 Mn
Jun 30, 2019 14.99 Mn
Mar 31, 2019 16.59 Mn
Dec 31, 2018 5.55 Mn
Sep 30, 2018 14.31 Mn
Jun 30, 2018 17.12 Mn
Mar 31, 2018 14.96 Mn
Dec 31, 2017 10.64 Mn
Sep 30, 2017 11.59 Mn
Jun 30, 2017 13.25 Mn
Mar 31, 2017 10.55 Mn
Dec 31, 2016 10.82 Mn
Sep 30, 2016 20.18 Mn
Jun 30, 2016 9.38 Mn
Mar 31, 2016 9.10 Mn
Dec 31, 2015 9.85 Mn
Sep 30, 2015 8.29 Mn
Jun 30, 2015 7.86 Mn
Mar 31, 2015 10.57 Mn
Dec 31, 2014 8.16 Mn
Sep 30, 2014 7.43 Mn
Jun 30, 2014 6.30 Mn
Mar 31, 2014 7.51 Mn
Dec 31, 2013 10.44 Mn
Sep 30, 2013 7.38 Mn
Jun 30, 2013 8.74 Mn
Mar 31, 2013 7.58 Mn
Dec 31, 2012 10.06 Mn
Sep 30, 2012 7.57 Mn
Jun 30, 2012 8.22 Mn
Mar 31, 2012 8.36 Mn
Dec 31, 2011 8.80 Mn
Sep 30, 2011 8.62 Mn
Jun 30, 2011 10.05 Mn
Mar 31, 2011 9.21 Mn
Dec 31, 2010 9.63 Mn
Sep 30, 2010 7.03 Mn
Jun 30, 2010 10.61 Mn
Mar 31, 2010 10.29 Mn
Dec 31, 2009 10.21 Mn
Sep 30, 2009 10.30 Mn
Jun 30, 2009 8.07 Mn