Enphase Energy, Inc.ENPHNASDAQ
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Research and development spending
3Y CAGR
+3.8%/yr
vs +50.9%/yr prior
5Y CAGR
+27.6%/yr
Recent deceleration
Acceleration
-47.0pp
Decelerating
Percentile
P86
Within normal range
vs 5Y Ago
3.4x
Strong expansion
Streak
2 yr
Consecutive declineStrong
| Period | Value | 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 | - |