ReNew Energy Global (RNW) Operating Expenses (2020 - 2026)
ReNew Energy Global (RNW) posted quarterly Operating Expenses of $408.0 million for Q1 2026, up 10.57% year-over-year from $369.0 million in Q1 2025, and up 15.25% quarter-over-quarter from $354.0 million in Q4 2025.
Analysis
ReNew Energy Global (RNW) Operating Expenses (2020 - 2026) Analysis & Trends
ReNew Energy Global (RNW) has reported Operating Expenses for 7 consecutive years, with $408.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 10.57% year-over-year to $408.0 million; the TTM figure through Mar 2026 stood at $1.5 billion (up 66.19% YoY), while the FY2026 annual figure was $1.5 billion, up 25.54% from the prior year.
- Operating Expenses improved to $408.0 million in Q1 2026 per RNW's latest filing, from $354.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $408.0 million in Q1 2026 and bottomed at $238.0 in Q4 2022.
- Historically, Operating Expenses has averaged $291.6 million across 5 years, with a median of $283.0 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 100.0% — and 2023, when it surged 113445278.15%.
- ReNew Energy Global's Operating Expenses stood at $238.0 in 2022, then soared by 113445278.15% to $270.0 million in 2023, then grew by 4.44% to $282.0 million in 2024, then climbed by 25.53% to $354.0 million in 2025, then climbed by 15.25% to $408.0 million in 2026.
- Business Quant data shows RNW's Operating Expenses at $408.0 million in Q1 2026, $354.0 million in Q4 2025, and $372.0 million in Q3 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 | 418.00 Mn |
| Mar 31, 2026 | 408.00 Mn |
| Dec 31, 2025 | 354.00 Mn |
| Sep 30, 2025 | 372.00 Mn |
| Jun 30, 2025 | 390.00 Mn |
| Mar 31, 2025 | 369.00 Mn |
| Dec 31, 2024 | 282.00 Mn |
| Sep 30, 2024 | 266.00 Mn |
| Jun 30, 2024 | 268.00 Mn |
| Mar 31, 2024 | 272.00 Mn |
| Dec 31, 2023 | 270.00 Mn |
| Sep 30, 2023 | 287.00 Mn |
| Jun 30, 2023 | 244.00 Mn |
| Mar 31, 2023 | 325.00 Mn |
| Dec 31, 2022 | 239.52 Mn |
| Sep 30, 2022 | 268.00 Mn |
| Jun 30, 2022 | 300.00 Mn |
| Mar 31, 2022 | 283.00 Mn |
| Dec 31, 2021 | 243.00 Mn |
| Sep 30, 2021 | 408.00 Mn |