Enphase Energy, Inc. financial data

Symbol
ENPH on Nasdaq
Location
Fremont, CA
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 17 Feb 2026

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 199% % -50%
Quick Ratio 17% % -45%
Debt-to-equity 248% % -5.3%
Return On Equity 18% % 59%
Return On Assets 5.2% % 65%
Operating Margin 11% % 84%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 131,098,819 shares -1%
Common Stock, Shares, Outstanding 131,080,000 shares -1%
Entity Public Float $3,000,000,000 USD -70%
Common Stock, Value, Issued $1,000 USD 0%
Weighted Average Number of Shares Outstanding, Basic 131,162,000 shares -3%
Weighted Average Number of Shares Outstanding, Diluted 134,886,000 shares -3.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $1,472,985,000 USD 11%
Cost of Revenue $785,981,000 USD 12%
Research and Development Expense $189,075,000 USD -6.1%
Selling and Marketing Expense $197,505,000 USD -4.4%
General and Administrative Expense $135,767,000 USD 3.8%
Operating Income (Loss) $157,526,000 USD 104%
Nonoperating Income (Expense) $47,288,000 USD 10%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $204,814,000 USD 70%
Income Tax Expense (Benefit) $32,681,000 USD 87%
Net Income (Loss) Attributable to Parent $172,133,000 USD 68%
Earnings Per Share, Basic 1.31 USD/shares 72%
Earnings Per Share, Diluted 1.29 USD/shares 72%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $474,318,000 USD 29%
Marketable Securities, Current $1,038,536,000 USD -17%
Accounts Receivable, after Allowance for Credit Loss, Current $229,881,000 USD 2.7%
Inventory, Net $288,047,000 USD 75%
Assets, Current $2,606,860,000 USD 12%
Deferred Income Tax Assets, Net $306,403,000 USD -2.9%
Property, Plant and Equipment, Net $136,804,000 USD -7.3%
Operating Lease, Right-of-Use Asset $34,573,000 USD 40%
Intangible Assets, Net (Excluding Goodwill) $22,288,000 USD -47%
Goodwill $214,760,000 USD 1.5%
Other Assets, Noncurrent $222,677,000 USD 8.3%
Assets $3,509,792,000 USD 8%
Accounts Payable, Current $203,039,000 USD 126%
Employee-related Liabilities, Current $9,529,000 USD -20%
Accrued Liabilities, Current $217,366,000 USD 10%
Contract with Customer, Liability, Current $180,524,000 USD -24%
Liabilities, Current $1,262,150,000 USD 91%
Contract with Customer, Liability, Noncurrent $337,923,000 USD -1.2%
Operating Lease, Liability, Noncurrent $31,195,000 USD 35%
Other Liabilities, Noncurrent $65,497,000 USD 19%
Liabilities $2,422,769,000 USD 0.25%
Accumulated Other Comprehensive Income (Loss), Net of Tax $1,754,000 USD
Retained Earnings (Accumulated Deficit) $203,896,000 USD 17%
Stockholders' Equity Attributable to Parent $1,087,023,000 USD 30%
Liabilities and Equity $3,509,792,000 USD 8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $48,414,000 USD -1.6%
Net Cash Provided by (Used in) Financing Activities $214,175,000 USD -112%
Net Cash Provided by (Used in) Investing Activities $113,060,000 USD 538%
Common Stock, Shares Authorized 300,000,000 shares 0%
Common Stock, Shares, Issued 131,080,000 shares -1%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $49,026,000 USD -40%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $474,318,000 USD 2.2%
Deferred Tax Assets, Valuation Allowance $1,772,000 USD -10%
Deferred Tax Assets, Gross $339,951,000 USD -1.6%
Operating Lease, Liability $39,406,000 USD 37%
Payments to Acquire Property, Plant, and Equipment $14,608,000 USD 98%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $180,239,000 USD 83%
Lessee, Operating Lease, Liability, to be Paid $47,650,000 USD 33%
Property, Plant and Equipment, Gross $370,684,000 USD 12%
Operating Lease, Liability, Current $8,211,000 USD 41%
Lessee, Operating Lease, Liability, to be Paid, Year Two $8,306,000 USD 18%
Lessee, Operating Lease, Liability, to be Paid, Year One $10,535,000 USD 38%
Operating Lease, Weighted Average Discount Rate, Percent 0.063 pure -6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $8,244,000 USD 20%
Lessee, Operating Lease, Liability, to be Paid, Year Three $7,470,000 USD 59%
Unrecognized Tax Benefits $23,505,000 USD -15%
Lessee, Operating Lease, Liability, to be Paid, Year Four $6,388,000 USD 73%
Operating Lease, Payments $8,975,000 USD 17%
Additional Paid in Capital $1,289,164,000 USD 19%
Amortization of Intangible Assets $20,184,000 USD -11%
Depreciation, Depletion and Amortization $19,915,000 USD -1.1%
Deferred Tax Assets, Net of Valuation Allowance $338,179,000 USD -1.6%
Share-based Payment Arrangement, Expense $214,090,000 USD 1.3%
Interest Expense $8,879,000 USD 0.24%