Enphase Energy, Inc.

American technology company

ENPH Nasdaq SEC CIK 1463101
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Financials

Reported figures only · latest: Q1 2026 USD · US GAAP
Revenue, last quarter $282.9M −20.6% vs same quarter last year
Net income −$7.4M −124.9% vs same quarter last year
EPS, diluted −$0.06 −127.3% vs same quarter last year
Operating cash flow $102.9M +112.5% vs same quarter last year
Revenue by quarter
$303.5M
$380.9M
$382.7M
$356.1M
$363.2M
$410.4M
$343.3M
$282.9M
Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income15 fiscal years
  • Revenue
  • Net income
−$1B$0$1B$2B$3BFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearRevenueNet income
FY25$1.5B$172.1M
FY24$1.3B$102.7M
FY23$2.3B$438.9M
FY22$2.3B$397.4M
FY21$1.4B$145.4M
FY20$774.4M$134M
FY19$624.3M$161.1M
FY18$316.2M−$11.6M
FY17$286.2M−$45.2M
FY16$322.6M−$67.5M
FY15$357.2M−$22.1M
FY14$343.9M−$8.1M
FY13$232.8M−$25.9M
FY12$216.7M−$38.2M
FY11$149.5M−$32.3M
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
−40%−20%0%20%40%60%FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearGross marginOperating marginNet margin
FY2546.6%10.7%11.7%
FY2447.3%5.8%7.7%
FY2346.2%19.5%19.2%
FY2241.8%19.2%17%
FY2140.1%15.6%10.5%
FY2044.7%24.1%17.3%
FY1935.4%16.5%25.8%
FY1829.9%0.5%−3.7%
FY1719.6%−13.8%−15.8%
FY1618%−19.4%−20.9%
FY1530.3%-−6.2%
FY1432.9%-−2.3%
FY1329%-−11.1%
FY1225.5%-−17.6%
FY1119.4%-−21.6%
Free cash flowOperating cash flow minus capital expenditure
−$200M$0$200M$400M$600M$800MFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearFree cash flow
FY25$95.9M
FY24$480.1M
FY23$586.4M
FY22$698.4M
FY21$299.8M
FY20$195.8M
FY19$124.3M
FY18$12M
FY17−$32.6M
FY16−$45.1M
FY15−$33.7M
FY14$11M
FY13−$7.1M
FY12−$57.6M
FY11−$15M
Returned to shareholdersDividends paid and shares bought back
$0$200M$400M$600MFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearBuybacks
FY25$130M
FY24$391.4M
FY23$410M
FY22$0
FY21$500M
FY20$0
FY19$0
FY18-
FY17-
FY16-
FY15-
FY14-
FY13-
FY12-
FY11-
Net margin vs the sectorMedian of Technology companies filing with the SEC
  • Enphase Energy
  • Technology median
−40%−20%0%20%40%FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearEnphase EnergyTechnology median
FY2511.7%−0.4%
FY247.7%−2.7%
FY2319.2%−7.5%
FY2217%−7.3%
FY2110.5%−4.6%
FY2017.3%−8.8%
FY1925.8%−4.7%
FY18−3.7%−3.7%
FY17−15.8%−2.5%
FY16−20.9%−2%
FY15−6.2%−3.2%
FY14−2.3%−1%
FY13−11.1%1.3%
FY12−17.6%1.8%
FY11−21.6%3.9%

News

5 stories filed under Enphase Energy, grouped into ongoing threads