Enphase Energy, Inc. (ENPH) stock
ENPHNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 12/3027% below fair value
$26.07−0.71 (-2.65%)
Close on Nov 13, 2026Market cap $3.45BP/E 39.5Yield –
Enphase Energy r&d expenses
Research and development expenses are spending on new products and technology.
Enphase Energy's R&D Expenses for the twelve months ending Sep 30, 2026 was $181.94M, down 5.9% year over year. For fiscal 2025 it was $189.08M, down 6.1% from the year before. Over ten years it grew 14.0% a year on average. The highest annual figure on record is $227.34M in fiscal 2023.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $189.08M | -6.1% |
| FY2024 | Dec 31, 2024 | $201.32M | -11.4% |
| FY2023 | Dec 31, 2023 | $227.34M | +34.6% |
| FY2022 | Dec 31, 2022 | $168.85M | +60.0% |
| FY2021 | Dec 31, 2021 | $105.53M | +88.7% |
| FY2020 | Dec 31, 2020 | $55.92M | +38.5% |
| FY2019 | Dec 31, 2019 | $40.38M | +23.9% |
| FY2018 | Dec 31, 2018 | $32.59M | -1.7% |
| FY2017 | Dec 31, 2017 | $33.16M | -34.6% |
| FY2016 | Dec 31, 2016 | $50.70M | -0.2% |
| FY2015 | Dec 31, 2015 | $50.82M | +12.0% |
| FY2014 | Dec 31, 2014 | $45.39M | +31.5% |
| FY2013 | Dec 31, 2013 | $34.52M | -3.0% |
| FY2012 | Dec 31, 2012 | $35.60M | +41.8% |
| FY2011 | Dec 31, 2011 | $25.10M | +75.6% |
| FY2010 | Dec 31, 2010 | $14.30M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $45.20M | -4.4% |
| Q2 FY2026 | Jun 30, 2026 | $45.66M | +0.5% |
| Q1 FY2026 | Mar 31, 2026 | $44.87M | -10.6% |
| Q4 FY2025 | Dec 31, 2025 | $46.21M | -8.3% |
| Q3 FY2025 | Sep 30, 2025 | $47.27M | -1.2% |
| Q2 FY2025 | Jun 30, 2025 | $45.42M | -7.1% |
| Q1 FY2025 | Mar 31, 2025 | $50.17M | -7.4% |
| Q4 FY2024 | Dec 31, 2024 | $50.39M | -8.9% |
| Q3 FY2024 | Sep 30, 2024 | $47.84M | -12.8% |
| Q2 FY2024 | Jun 30, 2024 | $48.87M | -18.6% |
| Q1 FY2024 | Mar 31, 2024 | $54.21M | -5.1% |
| Q4 FY2023 | Dec 31, 2023 | $55.29M | +11.3% |
| Q3 FY2023 | Sep 30, 2023 | $54.87M | +24.2% |
| Q2 FY2023 | Jun 30, 2023 | $60.04M | +53.0% |
| Q1 FY2023 | Mar 31, 2023 | $57.13M | +59.9% |
| Q4 FY2022 | Dec 31, 2022 | $49.68M | +57.3% |
| Q3 FY2022 | Sep 30, 2022 | $44.19M | +50.2% |
| Q2 FY2022 | Jun 30, 2022 | $39.26M | +72.9% |
| Q1 FY2022 | Mar 31, 2022 | $35.72M | +63.7% |
| Q4 FY2021 | Dec 31, 2021 | $31.59M | +99.9% |
| Q3 FY2021 | Sep 30, 2021 | $29.41M | +95.4% |
| Q2 FY2021 | Jun 30, 2021 | $22.71M | +72.1% |
| Q1 FY2021 | Mar 31, 2021 | $21.82M | +83.7% |
| Q4 FY2020 | Dec 31, 2020 | $15.80M | +41.5% |
| Q3 FY2020 | Sep 30, 2020 | $15.05M | +35.8% |
| Q2 FY2020 | Jun 30, 2020 | $13.19M | +37.4% |
| Q1 FY2020 | Mar 31, 2020 | $11.88M | +39.3% |
| Q4 FY2019 | Dec 31, 2019 | $11.17M | +52.2% |
| Q3 FY2019 | Sep 30, 2019 | $11.09M | +35.8% |
| Q2 FY2019 | Jun 30, 2019 | $9.60M | +1.5% |
| Q1 FY2019 | Mar 31, 2019 | $8.52M | +11.9% |
| Q4 FY2018 | Dec 31, 2018 | $7.34M | -10.6% |
| Q3 FY2018 | Sep 30, 2018 | $8.17M | +10.4% |
| Q2 FY2018 | Jun 30, 2018 | $9.46M | +19.1% |
| Q1 FY2018 | Mar 31, 2018 | $7.62M | -20.7% |
| Q4 FY2017 | Dec 31, 2017 | $8.21M | -27.9% |
| Q3 FY2017 | Sep 30, 2017 | $7.40M | – |
| Q2 FY2017 | Jun 30, 2017 | $7.95M | – |
| Q1 FY2017 | Mar 31, 2017 | $9.61M | – |
| Q4 FY2016 | Dec 31, 2016 | $11.38M | – |
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