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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.51 Bn | 10.35 Bn | 117.49 Mn | 118.69 Mn |
| 2 | Ormat Technologies | 7.02 Bn | 6.37 Bn | 68.70 Mn | 27.07 Mn |
| 3 | Brookfield Renewable Partners | 4.66 Bn | 2.16 Bn | 623.00 Mn | 783.00 Mn |
| 4 | Clearway Energy | 3.80 Bn | 3.46 Bn | 332.00 Mn | 365.00 Mn |
| 5 | ReNew Energy Global | 2.49 Bn | 2.07 Bn | 269.00 Mn | 408.00 Mn |
| 6 | Fluence Energy | 1.81 Bn | 1.24 Bn | 33.24 Mn | 63.04 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 581.62 Mn | - | 304.00 Mn |
| 8 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | -424.56 Mn |
| 9 | Energy Vault Holdings | 623.88 Mn | 555.13 Mn | 4.79 Mn | 28.99 Mn |
| 10 | Eco Wave Power Global AB (publ) | 335.47 Mn | 335.47 Mn | - | -682,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 238.00 |
| 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 |
| Jun 30, 2021 | 207.80 Mn |