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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 12.08 Bn | 10.92 Bn | 117.49 Mn | 118.69 Mn |
| 2 | Ormat Technologies | 7.16 Bn | 6.50 Bn | 68.70 Mn | 27.07 Mn |
| 3 | Brookfield Renewable Partners | 4.70 Bn | 2.20 Bn | 623.00 Mn | 783.00 Mn |
| 4 | Clearway Energy | 3.83 Bn | 3.49 Bn | 332.00 Mn | 365.00 Mn |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | 408.00 Mn |
| 6 | Fluence Energy | 1.84 Bn | 1.28 Bn | 33.24 Mn | 63.04 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 579.73 Mn | - | 304.00 Mn |
| 8 | Energy Vault Holdings | 707.23 Mn | 638.48 Mn | 4.79 Mn | 28.99 Mn |
| 9 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | -424.56 Mn |
| 10 | Eco Wave Power Global AB (publ) | 335.24 Mn | 335.24 Mn | - | -682,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.07 Mn |
| Dec 31, 2025 | 35.36 Mn |
| Sep 30, 2025 | 25.07 Mn |
| Jun 30, 2025 | 24.16 Mn |
| Mar 31, 2025 | 20.45 Mn |
| Dec 31, 2024 | 23.74 Mn |
| Sep 30, 2024 | 24.79 Mn |
| Jun 30, 2024 | 22.19 Mn |
| Mar 31, 2024 | 24.66 Mn |
| Dec 31, 2023 | 22.96 Mn |
| Sep 30, 2023 | 15.44 Mn |
| Jun 30, 2023 | 23.18 Mn |
| Mar 31, 2023 | 21.62 Mn |
| Dec 31, 2022 | 17.90 Mn |
| Sep 30, 2022 | 17.30 Mn |
| Jun 30, 2022 | 14.91 Mn |
| Mar 31, 2022 | 21.94 Mn |
| Dec 31, 2021 | 8.70 Mn |
| Sep 30, 2021 | 26.23 Mn |
| Jun 30, 2021 | 22.23 Mn |