Company research
Enphase Energy, Inc.
CIK 1463101Updated Sep 24, 2026
SecurityENPH · NASDAQ · equity
ENPH price & chart
Loading TradingView…
NASDAQ:ENPH on TradingView ↗About the company
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 89.4 million microinverters, with approximately 5.3 million Enphase-based systems deployed in over 165 countries. For more information, visit https://investor.enphase.com.
In the news
Enphase Energy Brings Its Full Home Energy Platform to Italy with Backup, Three-Phase Support, and EV Charging ↗
Enphase Deadline: ENPH Investors with Losses in Excess of $100K Have Opportunity to Lead Enphase Energy, Inc. Securities Fraud Lawsuit ↗
DEADLINE APPROACHING: Berger Montague Advises Enphase Energy, Inc. (NASDAQ: ENPH) Investors to Inquire About a Securities Fraud Class Action by April 20, 2026 ↗
Recent filings
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01
3/A filing
4 filing
3 filing
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,509,792,000Source | 3,249,676,000Source | 3,383,012,000Source | 3,084,280,000Source |
| Property, Plant and Equipment, NetUSD | 136,804,000Source | 147,514,000Source | 168,244,000Source | 111,367,000Source |
| GoodwillUSD | 214,760,000Source | 211,571,000Source | 214,562,000Source | 213,559,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 22,288,000Source | 42,398,000Source | 68,536,000Source | 99,541,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 474,318,000Source | 369,110,000Source | 288,748,000Source | 473,244,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 229,881,000Source | 223,749,000Source | 445,959,000Source | 440,896,000Source |
| Inventory, NetUSD | 288,047,000Source | 165,004,000Source | 213,595,000Source | 149,708,000Source |
| Assets, CurrentUSD | 2,606,860,000Source | 2,327,084,000Source | 2,443,518,000Source | 2,264,271,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 576,078,000Source | 220,735,000Source | 88,930,000Source | 60,824,000Source |
| Operating Lease, Right-of-Use AssetUSD | 34,573,000Source | 24,617,000Source | 19,887,000Source | 21,379,000Source |
| Other Assets, NoncurrentUSD | 222,677,000Source | 180,925,000Source | 215,895,000Source | 169,291,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,422,769,000Source | 2,416,660,000Source | 2,399,388,000Source | 2,258,707,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,000Source | 1,000Source | 1,000Source | 1,000Source |
| Additional Paid in CapitalUSD | 1,289,164,000Source | 1,084,573,000Source | 939,338,000Source | 819,119,000Source |
| Retained Earnings (Accumulated Deficit)USD | -203,896,000Source | -245,206,000Source | 46,273,000Source | 17,335,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,754,000Source | -6,352,000Source | -1,988,000Source | -10,882,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,087,023,000Source | 833,016,000Source | 983,624,000Source | 825,573,000Source |
| Liabilities and EquityUSD | 3,509,792,000Source | 3,249,676,000Source | 3,383,012,000Source | 3,084,280,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,262,150,000Source | 660,091,000Source | 532,449,000Source | 638,219,000Source |
| Operating Lease, Liability, CurrentUSD | 8,211,000Source | 5,815,000Source | 5,220,000Source | 5,371,000Source |
| Accounts Payable, CurrentUSD | 203,039,000Source | 90,032,000Source | 116,164,000Source | 125,085,000Source |
| Operating Lease, Liability, NoncurrentUSD | 31,195,000Source | 23,044,000Source | 18,802,000Source | 19,077,000Source |
| Other Liabilities, NoncurrentUSD | 65,497,000Source | 55,265,000Source | 51,008,000Source | 43,520,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 217,366,000Source | 196,887,000Source | 261,919,000Source | 295,939,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 1,293,738,000Source | — |
| Long-term Debt, Current MaturitiesUSD | 632,183,000Source | 101,291,000Source | 0Source | 90,892,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 572,194,000Source | 1,201,089,000Source | 1,293,738,000Source | 1,199,465,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 80,645,000Source | 81,389,000Source | 74,708,000Source | 58,775,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 214,090,000Source | 211,360,000Source | 212,857,000Source | 216,802,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -3,840,000Source | -211,640,000Source | 12,478,000Source | 107,556,000Source |
| Increase (Decrease) in InventoriesUSD | 123,043,000Source | -48,591,000Source | 63,887,000Source | 75,273,000Source |
| Deferred Income Tax Expense (Benefit)USD | 13,505,000Source | -61,211,000Source | -47,188,000Source | -137,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 136,540,000Source | 513,693,000Source | 696,780,000Source | 744,817,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | 62,162,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 106,792,000Source | 128,267,000Source | -366,355,000Source | -371,906,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 40,639,000Source | 33,604,000Source | 110,401,000Source | 46,443,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 18,026,000Source | 78,813,000Source | 120,646,000Source | 27,496,000Source |
| Payments for Repurchase of Common StockUSD | 129,957,000Source | 391,364,000Source | 409,998,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -241,624,000Source | -460,269,000Source | -516,774,000Source | -17,126,000Source |
| Repayments of Long-term DebtUSD | 102,168,000Source | — | 0Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 10,202,000Source | 175,368,000Source | -184,496,000Source | 353,928,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 474,318,000Source | 464,116,000Source | 288,748,000Source | 473,244,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 128,000Source | 255,000Source | 455,000Source | 455,000Source |
| Income Taxes Paid, NetUSD | 20,450,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 8,494,000Source | -6,323,000Source | 1,853,000Source | -1,857,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 214,090,000Source | 211,360,000Source | 212,857,000Source | 216,802,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 4,164,000Source | 8,650,000Source | 8,380,000Source | 8,167,000Source |
| Amortization of Intangible AssetsUSD | 20,184,000Source | 22,574,000Source | 27,198,000Source | 24,696,000Source |
| DepreciationUSD | 52,800,000Source | 51,500,000Source | 40,700,000Source | 27,700,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | 6,000,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | 0Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | 0Source | 0Source |
| Gain (Loss) on Termination of LeaseUSD | 1,280,000Source | — | — | — |
| General and Administrative ExpenseUSD | 135,767,000Source | 130,825,000Source | 137,835,000Source | 140,002,000Source |
| GoodwillUSD | 214,760,000Source | 211,571,000Source | 214,562,000Source | 213,559,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 3,528,000Source | 3,807,000Source | — |
| Income Tax Expense (Benefit)USD | 32,681,000Source | 17,501,000Source | 74,203,000Source | 54,686,000Source |
| InterestExpenseNonoperatingUSD | 4,521,000Source | 8,905,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 172,133,000Source | 102,658,000Source | 438,936,000Source | 397,362,000Source |
| Nonoperating Income (Expense)USD | 47,288,000Source | 42,867,000Source | 67,398,000Source | 3,787,000Source |
| Operating ExpensesUSD | 529,478,000Source | 551,846,000Source | 612,647,000Source | 526,334,000Source |
| Operating Lease, Impairment LossUSD | 1,500,000Source | 100,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -10,913,000Source | -25,534,000Source | 6,509,000Source | -431,000Source |
| Other Operating Income (Expense), NetUSD | -200,000Source | — | — | — |
| Restructuring Costs and Asset Impairment ChargesUSD | 7,131,000Source | 13,154,000Source | 15,684,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,472,985,000Source | 1,330,383,000Source | 2,290,786,000Source | 2,330,853,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 157,526,000Source | 77,292,000Source | 445,741,000Source | 448,261,000Source |
| Other Nonoperating Income (Expense)USD | -10,913,000Source | -25,534,000Source | 6,509,000Source | -431,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 204,814,000Source | 120,159,000Source | 513,139,000Source | 452,048,000Source |
| Income Tax Expense (Benefit)USD | 32,681,000Source | 17,501,000Source | 74,203,000Source | 54,686,000Source |
| Net Income (Loss) Attributable to ParentUSD | 172,133,000Source | 102,658,000Source | 438,936,000Source | 397,362,000Source |
| Earnings Per Share, BasicUSD per share | 1.31Source | 0.76Source | — | — |
| Earnings Per Share, DilutedUSD per share | 1.29Source | 0.75Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 131,162,000Source | 135,167,000Source | 136,376,000Source | 135,349,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 134,886,000Source | 140,004,000Source | 143,290,000Source | 144,390,000Source |
| Interest Expense (non-operating)USD | 4,521,000Source | 8,905,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 20,184,000Source | 22,574,000Source | 27,198,000Source | 24,696,000Source |
| Current Income Tax Expense (Benefit)USD | 19,176,000Source | 78,712,000Source | 121,391,000Source | 54,823,000Source |
| Debt Securities, Gain (Loss)USD | -9,563,000Source | 1,967,000Source | 8,078,000Source | 735,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | 6,000,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 135,767,000Source | 130,825,000Source | 137,835,000Source | 140,002,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 687,004,000Source | 629,138,000Source | 1,058,388,000Source | 974,595,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 145,956,000Source | 80,903,000Source | 465,463,000Source | 417,636,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | 3.22Source | 2.94Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | 3.08Source | 2.77Source |
| Interest ExpenseUSD | — | — | 8,839,000Source | 9,438,000Source |
| Nonoperating Income (Expense)USD | 47,288,000Source | 42,867,000Source | 67,398,000Source | 3,787,000Source |
| Operating ExpensesUSD | 529,478,000Source | 551,846,000Source | 612,647,000Source | 526,334,000Source |
| Other Operating Income (Expense), NetUSD | -200,000Source | — | — | — |
| Research and Development ExpenseUSD | 189,075,000Source | 201,315,000Source | 227,336,000Source | 168,846,000Source |
| Selling and Marketing ExpenseUSD | 197,505,000Source | 206,552,000Source | 231,792,000Source | 215,102,000Source |
Filing attachments
ex991_kortlangannouncement.htm · 8-K · 2026-08-10
EX-99.1 2 ex991_kortlangannouncement.htm EX-99.1 Document Exhibit 99.1 Enphase Energy Board of Directors Responds to 2026 Annual Meeting Vote Results and Announces Governance Enhancements FREMONT, Calif., Aug. 10, 2026 - Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that its Board of Directors, excluding Benjamin Kortlang, unanimously voted to retain Mr. Kortlang as a member of the Board of Directors. The decision followed a recommendation by the…
Read attachment ↗ex991_q126.htm · 8-K · 2026-01-23
EX-99.1 2 ex991_q126.htm EX-99.1 Document Exhibit 99.1 January 23, 2026 Introduction I’m writing to share an update on actions we are taking to strengthen Enphase and align our resources with our priorities for 2026. In 2025, a U.S. policy changed in a meaningful way; the federal 30% Residential Clean Energy Tax Credit (also known as the 25D tax credit) ended on December 31, 2025. As a result, beginning in 2026, homeowners purchasing systems with cash or a loan no longer receive that cr…
Read attachment ↗