Ormat Technologies (ORA) Research & Development (2009 - 2026)
Ormat Technologies (ORA) posted quarterly Research & Development of $13.6 million for Q4 2025, up 228.27% year-over-year from $4.2 million in Q4 2024, and up 178.51% quarter-over-quarter from $4.9 million in Q3 2025.
Ormat Technologies (ORA) Research & Development (2009 - 2026) Analysis & Trends
Ormat Technologies' Research & Development history runs 17 years deep, the most recent figure standing at $13.6 million for Q4 2025.
- In Q4 2025, Research & Development rose 228.27% year-over-year to $13.6 million; the TTM figure through Dec 2025 stood at $25.4 million (up 66.69% YoY), while the FY2025 annual figure was $18.9 million, up 6.8% from the prior year.
- Research & Development for Q4 2025 stood at $13.6 million, up from $4.9 million in the prior quarter.
- The five-year high for Research & Development was $13.6 million in Q4 2025, with the low at -$6.8 million in Q4 2021.
- The 5-year median for Research & Development is $4.0 million (2021), against an average of $3.4 million.
- The sharpest annual moves came in 2021 and 2022: Research & Development sank 710.95% in 2021, then jumped 398.29% in 2022.
- Ormat Technologies' Research & Development stood at -$6.8 million in 2021, then surged by 155.58% to $3.8 million in 2022, then gained by 13.85% to $4.3 million in 2023, then decreased by 3.58% to $4.2 million in 2024, then jumped by 228.27% to $13.6 million in 2025.
- Business Quant data shows ORA's Research & Development at $13.6 million in Q4 2025, $4.9 million in Q3 2025, and $4.4 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 12.08 Bn | 10.92 Bn | 117.49 Mn | 4.69 Mn |
| 2 | Ormat Technologies | 7.16 Bn | 6.50 Bn | 68.70 Mn | 5.97 Mn |
| 3 | Brookfield Renewable Partners | 4.70 Bn | 2.20 Bn | 623.00 Mn | - |
| 4 | Clearway Energy | 3.83 Bn | 3.49 Bn | 332.00 Mn | - |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | - |
| 6 | Fluence Energy | 1.84 Bn | 1.28 Bn | 33.24 Mn | 25.30 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 579.73 Mn | - | - |
| 8 | Energy Vault Holdings | 707.23 Mn | 638.48 Mn | 4.79 Mn | 2.59 Mn |
| 9 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | - |
| 10 | Eco Wave Power Global AB (publ) | 335.24 Mn | 335.24 Mn | - | -140,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.97 Mn |
| Dec 31, 2025 | 13.63 Mn |
| Sep 30, 2025 | 4.90 Mn |
| Jun 30, 2025 | 4.37 Mn |
| Mar 31, 2025 | 2.54 Mn |
| Dec 31, 2024 | 4.15 Mn |
| Sep 30, 2024 | 1.82 Mn |
| Jun 30, 2024 | 4.17 Mn |
| Mar 31, 2024 | 5.13 Mn |
| Dec 31, 2023 | 4.31 Mn |
| Sep 30, 2023 | 1.39 Mn |
| Jun 30, 2023 | 5.37 Mn |
| Mar 31, 2023 | 3.95 Mn |
| Dec 31, 2022 | 3.78 Mn |
| Sep 30, 2022 | 1.24 Mn |
| Jun 30, 2022 | 1.39 Mn |
| Mar 31, 2022 | 4.37 Mn |
| Dec 31, 2021 | -6.81 Mn |
| Sep 30, 2021 | 2.67 Mn |
| Jun 30, 2021 | 3.99 Mn |