Enphase Energy, Inc.
Enphase Energy, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 498 | 474 | 402 | 371 | 350 | 369 | 256 | 252 | 254 | 289 | 290 | 279 | |||||
Restricted Cash Current | - | 0 | 0 | 0 | 65 | 95 | - | - | - | 0 | - | - | |||||
Marketable Securities Current | 433 | 1,039 | 1,076 | 1,160 | 1,117 | 1,253 | 1,510 | 1,394 | 1,376 | 1,406 | 1,494 | 1,522 | |||||
Accounts Receivable Net Current | 197 | 230 | 266 | 223 | 226 | 224 | 232 | 277 | 364 | 446 | 560 | 520 | |||||
Inventory Net | 291 | 288 | 189 | 173 | 144 | 165 | 159 | 176 | 208 | 214 | 174 | 166 | |||||
Prepaid Expense And Other Assets Current | 412 | 576 | 460 | 363 | 296 | 221 | 203 | 142 | 101 | 89 | 80 | 74 | |||||
Assets Current | 1,830 | 2,607 | 2,392 | 2,289 | 2,197 | 2,327 | 2,361 | 2,242 | 2,303 | 2,444 | 2,599 | 2,561 | |||||
Property Plant And Equipment Net | 139 | 137 | 131 | 137 | 142 | 148 | 148 | 152 | 158 | 168 | 173 | 152 | |||||
Operating Lease Right Of Use Asset | - | 35 | - | - | - | 25 | 28 | 19 | 20 | 20 | 21 | 23 | |||||
Intangible Assets Net Excluding Goodwill | 18 | 22 | 27 | 32 | 37 | 42 | 51 | 57 | 63 | 69 | 79 | 86 | |||||
Goodwill | 214 | 215 | 214 | 215 | 212 | 212 | 214 | 213 | 214 | 215 | 213 | 214 | |||||
Other Assets Noncurrent | 212 | 223 | 235 | 193 | 211 | 206 | 185 | 204 | 214 | 216 | 215 | 195 | |||||
Deferred Income Tax Assets Net | 312 | 306 | 321 | 312 | 305 | 316 | 276 | 279 | 262 | 252 | 254 | 235 | |||||
Assets | 2,724 | 3,510 | 3,320 | 3,179 | 3,106 | 3,250 | 3,264 | 3,167 | 3,233 | 3,383 | 3,554 | 3,466 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 113 | 203 | 189 | 163 | 115 | 90 | 112 | 80 | 72 | 116 | 90 | 79 | |||||
Accrued Liabilities Current | 196 | 217 | 208 | 207 | 212 | 197 | 190 | 198 | 234 | 262 | 435 | 425 | |||||
Contract With Customer Liability Current | 144 | 181 | 111 | 129 | 168 | 237 | 130 | 124 | 120 | 118 | 114 | 109 | |||||
Product Warranty Accrual Classified Current | 28 | 29 | 31 | 33 | 33 | 35 | 36 | 30 | 31 | 36 | 41 | 37 | |||||
Long Term Debt Current | 0 | 632 | 632 | 631 | 631 | 101 | 100 | 99 | 97 | 0 | 95 | 93 | |||||
Liabilities Current | 482 | 1,262 | 1,171 | 1,163 | 1,159 | 660 | 567 | 530 | 554 | 532 | 774 | 744 | |||||
Liabilities Noncurrent | |||||||||||||||||
Contract With Customer Liability Noncurrent | 326 | 338 | 346 | 332 | 334 | 342 | 354 | 353 | 359 | 369 | 366 | 354 | |||||
Product Warranty Accrual Noncurrent | 176 | 185 | 179 | 173 | 170 | 158 | 148 | 147 | 146 | 153 | 148 | 144 | |||||
Other Liabilities Noncurrent | 65 | 65 | 58 | 60 | 61 | 55 | 62 | 53 | 52 | 51 | 54 | 50 | |||||
Long Term Debt Noncurrent | 573 | 572 | 572 | 572 | 571 | 1,201 | 1,200 | 1,199 | 1,199 | 1,294 | 1,197 | 1,201 | |||||
Liabilities | 1,622 | 2,423 | 2,325 | 2,298 | 2,295 | 2,417 | 2,333 | 2,282 | 2,310 | 2,399 | 2,539 | 2,493 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 1,319 | 1,289 | 1,234 | 1,184 | 1,128 | 1,085 | 1,033 | 993 | 941 | 939 | 899 | 858 | |||||
Retained Earnings Accumulated Deficit | -211 | -204 | -243 | -309 | -316 | -245 | -105 | -101 | -12 | 46 | 125 | 190 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -6 | 2 | 3 | 5 | -2 | -6 | 3 | -8 | -7 | -2 | -10 | -7 | |||||
Treasury Stock Value | - | - | - | - | - | - | - | - | - | - | 0 | -68 | |||||
Stockholders Equity | 1,102 | 1,087 | 995 | 881 | 811 | 833 | 931 | 885 | 923 | 984 | 1,015 | 973 | |||||
Liabilities And Stockholders Equity | 2,724 | 3,510 | 3,320 | 3,179 | 3,106 | 3,250 | 3,264 | 3,167 | 3,233 | 3,383 | 3,554 | 3,466 | |||||
Allowance For Doubtful Accounts Receivable Current | 0 | 1 | 1 | 8 | 8 | 8 | 6 | 3 | 2 | 3 | 2 | 1 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | |||||
Common Stock Shares Issued | 132 | 131 | 131 | 131 | 131 | 132 | 135 | 135 | 136 | 136 | 137 | 136 | |||||
Shares Outstanding | 132 | 131 | 131 | 131 | 131 | 132 | 135 | 135 | 136 | 136 | 137 | 136 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 86.68% | 52.42% | 21.20% | - | - | - | - | - | - | - | - | - |
| 2025 | -5.67% | -14.65% | -21.65% | -18.02% | -11.46% | -19.36% | -26.62% | -9.40% | -4.69% | -3.44% | -31.66% | -20.14% |
| 2024 | 0.74% | 9.81% | 5.16% | 12.30% | 6.05% | -2.58% | -35.47% | -19.94% | -27.64% | -2.25% | -9.17% | -27.74% |
| 2023 | - | - | - | -21.86% | -27.88% | -25.77% | -3.45% | 28.84% | 14.60% | 5.87% | -1.22% | -8.61% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.80 | 2.07 | 2.04 | 1.97 | 1.90 | 3.53 | 4.16 | 4.23 | 4.16 | 4.59 | 3.36 | 3.44 | |||||
| Quick Ratio | 2.34 | 1.38 | 1.49 | 1.51 | 1.52 | 2.94 | 3.52 | 3.63 | 3.60 | 4.02 | 3.03 | 3.12 | |||||
| Working Capital | 1.35B | 1.34B | 1.22B | 1.13B | 1.04B | 1.67B | 1.79B | 1.71B | 1.75B | 1.91B | 1.82B | 1.82B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.47 | 2.23 | 2.34 | 2.61 | 2.83 | 2.90 | 2.50 | 2.58 | 2.50 | 2.44 | 2.50 | 2.56 | |||||
| Interest Coverage TTM | 30.89 | 34.84 | 31.95 | 23.61 | 15.80 | 8.68 | 1.37 | 9.06 | 28.04 | 50.43 | 58.24 | 59.44 | |||||
| Debt Ratio | 0.60 | 0.69 | 0.70 | 0.72 | 0.74 | 0.74 | 0.71 | 0.72 | 0.71 | 0.71 | 0.71 | 0.72 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.48 | 0.44 | 0.46 | 0.47 | 0.45 | 0.40 | 0.37 | 0.43 | 0.55 | 0.71 | 1.01 | 1.10 | |||||
| Days Sales Outstanding TTM | 55.05 | 56.20 | 60.06 | 61.62 | 75.66 | 91.87 | 115.68 | 102.50 | 87.90 | 70.65 | 53.69 | 46.94 | |||||
| Receivables Turnover TTM | 6.63 | 6.49 | 6.08 | 5.92 | 4.82 | 3.97 | 3.16 | 3.56 | 4.15 | 5.17 | 6.80 | 7.78 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.03 | 1.28 | 1.47 | 1.29 | 1.09 | 0.73 | 0.44 | 0.95 | 2.03 | 3.06 | 4.33 | 4.30 | |||||
| Free Cash Flow Per Share TTM | 1.10 | 0.73 | 1.66 | 2.85 | 3.58 | 3.55 | 2.48 | 2.19 | 2.98 | 4.30 | 5.94 | 6.33 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 44.23% | 46.64% | 48.48% | 48.23% | 47.91% | 47.29% | 46.19% | 46.56% | 46.36% | 46.20% | 44.37% | 43.40% | |||||
| Operating Profit Margin TTM | 6.86% | 10.69% | 12.56% | 11.70% | 9.72% | 5.81% | 0.98% | 5.66% | 13.62% | 19.46% | 21.39% | 21.38% | |||||
| Net Profit Margin TTM | 9.64% | 11.69% | 12.93% | 11.78% | 10.43% | 7.72% | 4.91% | 9.12% | 15.10% | 19.16% | 19.77% | 19.29% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -1.64% | 10.72% | 20.97% | 4.39% | -22.15% | -41.92% | -60.36% | -56.13% | -40.20% | -34.49% | 14.97% | 31.60% | |||||
| Net Income Growth (1Y) | -9.08% | 67.68% | 218.45% | 34.79% | -46.19% | -76.61% | -90.15% | -79.24% | -49.29% | -27.20% | 38.59% | 74.94% | |||||
| EPS Growth (1Y) | -8.72% | 72.80% | 229.48% | 39.54% | -44.55% | -76.40% | -90.09% | -79.10% | -49.00% | -27.75% | 38.05% | 73.13% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 36.78 | 24.42 | 23.67 | 29.74 | 55.11 | 90.43 | 249.03 | 104.36 | 59.57 | 41.06 | 26.24 | 36.64 | |||||
| P/B TTM | 4.50 | 3.87 | 4.65 | 5.90 | 10.09 | 11.14 | 16.42 | 15.29 | 17.82 | 18.32 | 16.12 | 23.52 | |||||
| P/S TTM | 3.55 | 2.85 | 3.06 | 3.50 | 5.75 | 6.98 | 12.23 | 9.52 | 8.99 | 7.87 | 5.19 | 7.07 | |||||
| Market Cap | 4.97B | 4.20B | 4.63B | 5.20B | 8.18B | 9.28B | 15.29B | 13.53B | 16.44B | 18.02B | 16.36B | 22.88B | |||||
| Enterprise Value | 5.04B | 4.93B | 5.43B | 6.03B | 8.97B | 10.12B | 16.34B | 14.57B | 17.48B | 19.03B | 17.36B | 23.89B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 145.07M | 95.90M | 217.29M | 373.01M | 472.07M | 480.09M | 336.24M | 296.64M | 404.45M | 586.38M | 808.29M | 865.34M | |||||
| Net Debt | 74.96M | 730.06M | 801.67M | 832.18M | 786.80M | 838.26M | 1.04B | 1.05B | 1.04B | 1.00B | 1.00B | 1.02B | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
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Institutional Ownership
Enphase Energy, Inc. (ENPH) — SEC Financial Statements & Analysis
Enphase Energy, Inc. (ENPH) is a semiconductors & related devices company, incorporated in DE. Enphase Energy, Inc. trades on Nasdaq as: ENPH. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Enphase Energy, Inc. reported a -1.64% year-over-year revenue growth, a Gross Profit Margin of 44.23% (TTM), a Debt-to-Equity ratio of 1.47x, a Price-to-Sales (P/S) ratio of 3.55x (TTM), a Price-to-Book (P/B) ratio of 4.50x (TTM), at a market cap of $4.97B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -1.64%
- Gross Profit Margin TTM
- 44.23%
- Debt To Equity
- 1.47x
- P/S TTM
- 3.55x
- P/B TTM
- 4.50x
- Market Cap
- $4.97B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Enphase Energy, Inc. in?
Enphase Energy, Inc. (ENPH) operates in the Semiconductors & Related Devices industry.
What is ENPH's market cap?
Enphase Energy, Inc. (ENPH) has a market capitalization of $4.97B as of 2026-03-31.
What is ENPH's P/E ratio?
Enphase Energy, Inc. (ENPH)'s trailing twelve month P/E ratio is 36.78x as of 2026-03-31.
What exchange does ENPH trade on?
Enphase Energy, Inc. (ENPH) trades on the Nasdaq.
Where is Enphase Energy, Inc. incorporated?
Enphase Energy, Inc. is incorporated in DE.