Enphase Energy, Inc.

Listed Company

ENPHCIK 0001463101NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.47B

Net Income

$172.13M

Total Assets

$3.51B

Equity

$1.09B

Shares Out

131.80M

Op. Cash Flow

$136.54M

ENPH$41.54+7.23% · past yearDBEQ Basic

Daily closing prices

Business

Enphase Energy, Inc. is a global energy technology company that designs, develops, manufactures and sells home energy solutions managing solar generation, energy storage, and control & communications on a single intelligent platform. The company's core product line includes microinverters (IQ series), battery storage systems (IQ Batteries), EV chargers, load controllers, and cloud-based software (Enphase App, Solargraf). Enphase sells primarily through solar distributors and installers to residential and commercial customers in over 160 countries, with significant presence in North America, Europe, Australia, and Asia-Pacific markets.

Summary from 10-K filed 2026-02-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	1,473	1,330	2,291	2,331	1,382
Cost of revenues	786	701	1,232	1,356	828
Gross profit	687	629	1,058	975	554
Research and development	189	201	227	169	106
Sales and marketing	198	207	232	215	129
General and administrative	136	131	138	140	104
Restructuring and asset impairment charges	7	13	16	2	0
Total operating expenses	529	552	613	526	339
Income from operations	158	77	446	448	216
Interest income	63	77	70	14	695,000
Interest expense	−5	−9	−9	−9	—
Other income (expense), net	−11	−26	7	−431,000	6
Total other income, net	47	43	67	4	−95
Income before income taxes	205	120	513	452	121
Income tax provision	−33	−18	−74	−55	25
Net income	172	103	439	397	145
Basic (in usd per share)	1.31	0.76	3.22	2.94	—
Diluted (in usd per share)	1.29	0.75	3.08	2.77	—
Basic (in shares)	131	135	136	135	134
Diluted (in shares)	135	140	143	144	143

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	474	369	289	473	119
Restricted cash	0	95	0	—	—
Marketable securities	1,039	1,253	1,406	1,140	897
Accounts receivable, net of allowances of $580 and $7,788 at December 31, 2025 and December 31, 2024, respectively	230	224	446	441	334
Inventory	288	165	214	150	74
Prepaid expenses and other current assets	576	221	89	61	38
Total current assets	2,607	2,327	2,444	2,264	1,462
Property and equipment, net	137	148	168	111	82
Intangible assets, net	22	42	69	100	98
Goodwill	215	212	215	214	181
Other assets	223	206	216	169	119
Deferred tax assets, net	306	316	252	205	122
Total assets	3,510	3,250	3,383	3,084	2,079
Accounts payable	203	90	116	125	114
Accrued liabilities	217	197	262	296	158
Deferred revenues, current	181	237	118	91	63
Warranty obligations, current	29	35	36	36	19
Debt, current	632	101	0	91	86
Total current liabilities	1,262	660	532	638	440
Deferred revenues, non-current	338	342	369	282	187
Warranty obligations, non-current	185	158	153	96	54
Other liabilities	65	55	51	44	17
Debt, non-current	572	1,201	1,294	1,199	952
Total liabilities	2,423	2,417	2,399	2,259	1,649
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock, $0.00001 par value, 300,000 shares authorized; and 131,080 shares and 132,448 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	1,000	1,000	1,000	1,000	1,000
Additional paid-in capital	1,289	1,085	939	819	838
Accumulated deficit	−204	−245	46	17	−406
Accumulated other comprehensive income (loss)	2	−6	−2	−11	−2
Total stockholders equity	1,087	833	984	826	430
Total liabilities and stockholders equity	3,510	3,250	3,383	3,084	2,079

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	81	81	75	59	31
Amortization (accretion) of investments purchased at a premium (discount)	1	−9	−16	−3	2
Provision for (recovery of) credit losses	−126,000	7	1	119,000	477,000
Asset impairment	3	29	11	1	0
Non-cash interest expense	4	9	8	8	44
Benefit from lease termination	−1	0	0	—	—
Change in fair value of debt securities	10	−2	−8	−735,000	−3
Stock-based compensation	214	211	213	217	114
Deferred income taxes	6	−58	−43	4	−31
Accounts receivable	4	212	−12	−108	−151
Inventory	−123	49	−64	−75	−29
Prepaid expenses and other assets	−319	−134	−60	−68	−27
Accounts payable, accrued and other liabilities	139	−86	−22	133	117
Warranty obligations	21	4	58	58	27
Deferred revenues	−75	99	118	122	78
Net cash provided by operating activities	137	514	697	745	352
Purchases of marketable securities	−745	−1,185	−2,081	−907	−935
Maturities and sales of marketable securities	962	1,347	1,840	660	35
Purchases of property and equipment	−41	−34	−110	−46	−52
Investment in debt securities	−6	0	−15	—	—
Investment in equity of private company	−5	0	0	—	—
Investment in tax equity fund	−10	0	0	—	—
Issuances of loan receivables	−49	0	0	—	—
Net cash provided by (used in) investing activities	107	128	−366	−372	−1,220
Settlement of Notes due 2025	−102	−7,000	0	0	−2
Proceeds from issuances of common stock under employee equity plans	9	13	14	10	7
Payments of withholding taxes related to net share settlement of equity awards	−18	−79	−121	−27	−29
Repurchases of common stock	−130	−391	−410	0	−500
Payment of excise tax on net stock repurchases	0	−3	0	0	—
Net cash used in financing activities	−242	−460	−517	−17	309
Effect of exchange rate changes on cash, cash equivalents and restricted cash	8	−6	2	−2	−2
Net increase (decrease) in cash, cash equivalents and restricted cash	10	175	−184	354	−560
Cash paid for interest	128,000	255,000	455,000	455,000	733,000
Cash paid for income taxes	20	33	75	33	5
Purchases of property and equipment through tenant improvement allowance	855,000	0	0	748,000	0
Purchases of property and equipment included in accounts payable	16	11	10	17	7

Filings

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Frequently asked questions

What is Enphase Energy, Inc.'s CIK number?

Enphase Energy, Inc.'s SEC CIK number is 0001463101 (1463101). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Enphase Energy, Inc.'s SEC filings?

All of Enphase Energy, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Enphase Energy, Inc. last report earnings?

Enphase Energy, Inc. (ENPH) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001463101-26-000046). This is Enphase Energy, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Enphase Energy, Inc.'s most recent earnings 8-K?

Enphase Energy, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001463101-26-000046. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Enphase Energy, Inc.'s latest earnings 8-K →
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