Quick Answer
Enphase Energy, Inc. reported R&D Expense of $189.07 million for fiscal year 2025.
Enphase Energy, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $189.07M | -6.1% |
| 2024 | $201.31M | -11.4% |
| 2023 | $227.34M | +34.6% |
| 2022 | $168.85M | +60.0% |
| 2021 | $105.53M | +88.7% |
| 2020 | $55.92M | +38.5% |
| 2019 | $40.38M | +23.9% |
| 2018 | $32.59M | -1.7% |
| 2017 | $33.16M | -34.6% |
| 2016 | $50.70M | -0.2% |
| 2015 | $50.82M | +12.0% |
| 2014 | $45.39M | +31.5% |
| 2013 | $34.52M | -3.0% |
| 2012 | $35.60M | +41.8% |
| 2011 | $25.10M | +75.6% |
| 2010 | $14.30M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $47.27M | -1.2% | +4.1% |
| June 30, 2025 | $45.42M | -7.1% | -9.5% |
| March 31, 2025 | $50.17M | -7.4% | +4.9% |
| September 30, 2024 | $47.84M | -12.8% | -2.1% |
| June 30, 2024 | $48.87M | -18.6% | -9.9% |
| March 31, 2024 | $54.21M | -5.1% | -1.2% |
| September 30, 2023 | $54.87M | +24.2% | -8.6% |
| June 30, 2023 | $60.04M | +53.0% | +5.1% |
- Enphase Energy, Inc. showed a decrease of -6.1% in R&D Expense compared to the prior fiscal year.
- Over the 2010–2025 period, Enphase Energy, Inc.’s r&d expense has grown by 1222.6% (from $14.30 million to $189.07 million).
- The most recent figure is from Enphase Energy, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 17, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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