◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › E › ENPH

Enphase Energy Inc (ENPH) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOLAR · DATA UPDATED 2026-08-16

Enphase Energy Inc (ENPH) operates in the SOLAR industry and is headquartered in Fremont, United States with about 2,872 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, ENPH reported $1.5B in revenue and $172M in net income.

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally.

Interactive charts & full statements → Open the ENPH valuation workbench →

ENPH Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31
Total Revenue	$1.3B	$1.5B	$1.3B	$2.3B	$2.3B	$1.4B	$774M	$624M	$316M	$286M	$323M	$357M	$344M	$233M	$217M	$150M	$62M	$20M	$2M
Gross Profit	$623M	$687M	$629M	$1.1B	$975M	$554M	$346M	$221M	$94M	$56M	$58M	$108M	$113M	$67M	$55M	$29M	$7M	($3M)	($6M)
Gross Margin %	46.9%	46.6%	47.3%	46.2%	41.8%	40.1%	44.7%	35.4%	29.9%	19.6%	18.0%	30.3%	32.9%	28.9%	25.5%	19.4%	10.5%	-15.0%	-348.1%
Operating Income (EBIT)	$110M	$165M	$77M	$446M	$448M	$216M	$186M	$103M	$2M	($39M)	($63M)	($19M)	($4M)	($22M)	($31M)	($29M)	($21M)	($17M)	($15M)
Operating Margin %	8.3%	11.2%	5.8%	19.5%	19.2%	15.6%	24.1%	16.4%	0.5%	-13.8%	-19.4%	-5.4%	-1.3%	-9.5%	-14.4%	-19.2%	-33.6%	-82.7%	-881.1%
Net Income	$135M	$172M	$103M	$439M	$397M	$145M	$134M	$161M	($12M)	($45M)	($67M)	($22M)	($8M)	($26M)	($38M)	($32M)	($22M)	($17M)	($15M)
Net Margin %	10.2%	11.7%	7.7%	19.2%	17.1%	10.5%	17.3%	25.8%	-3.7%	-15.8%	-20.9%	-6.2%	-2.3%	-11.1%	-17.6%	-21.6%	-35.3%	-83.8%	-869.4%
EBITDA	$178M	$290M	$210M	$446M	$520M	$197M	$159M	$114M	$10M	($28M)	($53M)	($10M)	$3M	($16M)	($26M)	($26M)	($19M)	($16M)	($14M)
Earnings Per Share (EPS)	$1.00	$1.28	$0.73	$3.06	$2.75	$1.02	$0.94	$1.22	$-0.12	$-0.54	$-1.34	$-0.49	$-0.19	$-0.62	$-1.24	$-0.82	$-19.27	$-14.98	$-12.83
Shares Outstanding (M)	133M	135M	140M	143M	144M	143M	142M	132M	100M	83M	51M	45M	43M	42M	31M	—	1M	1M	1M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ENPH Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$292M	$283M	$343M	$410M	$363M	$356M	$383M	$381M
Gross Profit	$175M	$100M	$152M	$196M	$170M	$168M	$198M	$178M
Gross Margin %	60.0%	35.5%	44.3%	47.8%	46.9%	47.2%	51.8%	46.8%
Operating Income (EBIT)	$52M	($30M)	$22M	$66M	$37M	$32M	$55M	$50M
Operating Margin %	17.6%	-10.5%	6.3%	16.1%	10.2%	9.0%	14.3%	13.1%
Net Income	$36M	($7M)	$39M	$67M	$37M	$30M	$62M	$46M
Net Margin %	12.4%	-2.6%	11.3%	16.2%	10.2%	8.3%	16.2%	12.0%
EBITDA	$14M	$8M	$60M	$96M	$63M	$69M	$93M	$73M
Earnings Per Share (EPS)	$0.27	$-0.06	$0.29	$0.50	$0.27	$0.22	$0.45	$0.33
Shares Outstanding (M)	133M	131M	133M	133M	135M	136M	138M	140M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ENPH Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31
Cash from Operations (CFO)	$205M	$137M	$514M	$697M	$745M	$352M	$216M	$139M	$16M	($28M)	($33M)	($21M)	$24M	($1M)	($45M)	$0M	($18M)	($19M)	($12M)
Capital Expenditures (CapEx)	$52M	$41M	$34M	$110M	$46M	$53M	$21M	$15M	$4M	$4M	$13M	$13M	$14M	$6M	$13M	$15M	$3M	$2M	$2M
Free Cash Flow (FCF)	$153M	$96M	$480M	$586M	$698M	$300M	$196M	$124M	$12M	($33M)	($46M)	($34M)	$10M	($7M)	($58M)	($15M)	($21M)	($21M)	($15M)
FCF Margin %	11.5%	6.5%	36.1%	25.6%	30.0%	21.7%	25.3%	19.9%	3.8%	-11.4%	-14.2%	-9.5%	3.0%	-3.1%	-26.6%	-10.1%	-34.2%	-104.3%	-872.1%
Dividends Paid	—	—	—	—	—	$228M	$12M	$27M	—	$0M	$0M	$0M	$0M	$0M	$0M	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ENPH Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$40M	$103M	$48M	$14M	$27M	$48M	$167M	$170M
Capital Expenditures (CapEx)	$14M	$20M	$10M	$8M	$8M	$15M	$8M	$9M
Free Cash Flow (FCF)	$26M	$83M	$38M	$6M	$18M	$34M	$159M	$162M
FCF Margin %	8.9%	29.3%	11.0%	1.4%	5.1%	9.5%	41.6%	42.4%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ENPH Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31
Total Assets	$2.9B	$3.5B	$3.2B	$3.4B	$3.1B	$2.1B	$1.2B	$713M	$340M	$169M	$164M	$166M	$152M	$117M	$122M	$105M	$60M	$21M
Cash & Cash Equivalents	$529M	$474M	$369M	$289M	$473M	$119M	$679M	$251M	$106M	$29M	$18M	$28M	$42M	$38M	$45M	$52M	$40M	$9M
Total Liabilities	$1.7B	$2.4B	$2.4B	$2.4B	$2.3B	$1.6B	$716M	$441M	$332M	$178M	$162M	$124M	$105M	$76M	$66M	$72M	$21M	$7M
Total Debt (Short + Long-Term)	$582M	$1.2B	$1.3B	$1.3B	$1.3B	$1.0B	$335M	$109M	$110M	$50M	$34M	$17M	($11M)	$9M	($8M)	$32M	$7M	$0M
Total Shareholders' Equity	$1.2B	$1.1B	$833M	$984M	$826M	$430M	$484M	$272M	$8M	($9M)	$1M	$41M	$47M	$40M	$57M	$33M	$38M	$14M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ENPH viewer.

Other Companies in SOLAR

NXT · Nextracker Inc. Class A Common Stock — $12 billion
SEDG · SolarEdge Technologies Inc — $2 billion
SHLS · Shoals Technologies Group Inc — $1 billion
CSIQ · Canadian Solar Inc — $774 million

← ENOV All “E” companies ENQ →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.