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ENPH

Enphase Energy, Inc.

Stock

$33.47+0.65 (+1.98%)Close Oct 2, 2026

Research and development, 2025
$189M
YoY, 2025
−6.1%
5-year CAGR
+27.6%
10-year CAGR
+14.0%

Research and development

Research and development by fiscal year

PeriodR&DYoY
2025$189M−6.1%
2024$201M−11.4%
2023$227M+34.6%
2022$169M+60.0%
2021$106M+88.7%
2020$56M+38.5%
2019$40M+23.9%
2018$33M−1.7%
2017$33M−34.6%
2016$51M−0.2%
2015$51M+12.0%
2014$45M+31.5%
2013$35M−3.0%
2012$36M+41.8%
2011$25M+75.6%
2010$14M—