Company / R&D Expense
Ormat Technologies R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$6.3M
FY2025
5-year range
$4.1M / $7.2M
FY2021-FY2025
Trend
-3.0%
vs FY2024
Sector context
#5 of 5
Utilities
What the data says
At $6M, Ormat Technologies's r&d expense ranks #5 of 5 in the Utilities sector. R&D Expense has fluctuated over the past 10 years, ranging from $3M in FY2016 to $7M in FY2023.
Based on SEC 10-K filings.
$6M in FY2025 with a 5-year CAGR of +3.2%.
Declined from $7M to $6M over the past 2 years.
Utilities sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +7.5%
- 5-Year CAGR
- +3.2%
- 10-Year CAGR
- -
Sector benchmark
#5 of 5 in Utilities
Key checks
Key Insights
- 5-year CAGR of +3.2%, indicating consistent growth.
- In FY2025, r&d expense decreased 3.0% year-over-year.
- Ranks #5 out of 5 companies in the Utilities sector.
- Peak r&d expense was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.36 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $6.3M | -3.0% |
| FY2024 | $6.5M | -9.9% |
| FY2023 | $7.2M | +42.1% |
| FY2022 | $5.1M | +23.0% |
| FY2021 | $4.1M | -23.5% |
| FY2020 | $5.4M | +16.1% |
| FY2019 | $4.6M | +11.1% |
| FY2018 | $4.2M | +32.5% |
| FY2017 | $3.2M | +14.3% |
| FY2016 | $2.8M | +55.2% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026