ReNew Energy Global (RNW) Cost of Revenue (2020 - 2026)
ReNew Energy Global (RNW) posted quarterly Cost of Revenue of $70.0 million for Q1 2026, down 19.54% year-over-year from $87.0 million in Q1 2025, and up 1.45% quarter-over-quarter from $69.0 million in Q4 2025.
ReNew Energy Global (RNW) Cost of Revenue (2020 - 2026) Analysis & Trends
ReNew Energy Global (RNW) has reported Cost of Revenue for 7 consecutive years, with $70.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 19.54% year-over-year to $70.0 million; the TTM figure through Mar 2026 stood at $285.0 million (up 128.0% YoY), while the FY2026 annual figure was $271.0 million, up 120.33% from the prior year.
- Cost of Revenue grew to $70.0 million in Q1 2026 per RNW's latest filing, from $69.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $96.0 million in Q2 2025 and bottomed at $85259.5 in Q4 2022.
- Historically, Cost of Revenue has averaged $36.1 million across 5 years, with a median of $14.0 million in 2023.
- Annual changes were most pronounced in 2022 — Cost of Revenue sank 100.0% — and 2023, when it soared 13974.68%.
- ReNew Energy Global's Cost of Revenue stood at $85259.5 in 2022, then surged by 13974.68% to $12.0 million in 2023, then soared by 150.0% to $30.0 million in 2024, then jumped by 130.0% to $69.0 million in 2025, then rose by 1.45% to $70.0 million in 2026.
- Business Quant data shows RNW's Cost of Revenue at $70.0 million in Q1 2026, $69.0 million in Q4 2025, and $50.0 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.51 Bn | 10.35 Bn | 117.49 Mn | 48.50 Mn |
| 2 | Ormat Technologies | 7.02 Bn | 6.37 Bn | 68.70 Mn | 190.07 Mn |
| 3 | Brookfield Renewable Partners | 4.66 Bn | 2.16 Bn | 623.00 Mn | 453.00 Mn |
| 4 | Clearway Energy | 3.80 Bn | 3.46 Bn | 332.00 Mn | 149.00 Mn |
| 5 | ReNew Energy Global | 2.49 Bn | 2.07 Bn | 269.00 Mn | 70.00 Mn |
| 6 | Fluence Energy | 1.81 Bn | 1.24 Bn | 33.24 Mn | 616.61 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 581.62 Mn | - | - |
| 8 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | 975.34 Mn |
| 9 | Energy Vault Holdings | 623.88 Mn | 555.13 Mn | 4.79 Mn | 17.09 Mn |
| 10 | Eco Wave Power Global AB (publ) | 335.47 Mn | 335.47 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 70.00 Mn |
| Mar 31, 2026 | 70.00 Mn |
| Dec 31, 2025 | 69.00 Mn |
| Dec 31, 2025 | 69.00 Mn |
| Sep 30, 2025 | 50.00 Mn |
| Sep 30, 2025 | 50.00 Mn |
| Jun 30, 2025 | 96.00 Mn |
| Jun 30, 2025 | 96.00 Mn |
| Mar 31, 2025 | 87.00 Mn |
| Mar 31, 2025 | 87.00 Mn |
| Dec 31, 2024 | 30.00 Mn |
| Dec 31, 2024 | 30.00 Mn |
| Sep 30, 2024 | 5.00 Mn |
| Sep 30, 2024 | 5.00 Mn |
| Jun 30, 2024 | 3.00 Mn |
| Jun 30, 2024 | 3.00 Mn |
| Mar 31, 2024 | 13.00 Mn |
| Mar 31, 2024 | 13.00 Mn |
| Dec 31, 2023 | 12.00 Mn |
| Dec 31, 2023 | 12.00 Mn |