Enphase Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	474.32	369.11	288.75	473.24	119.32
Short-Term Investments	1,039	1,253	1,406	1,140	897.34
Cash & Short-Term Investments	1,513	1,623	1,695	1,613	1,017
Cash Growth	-6.76%	-4.27%	5.10%	58.64%	49.64%
Accounts Receivable	229.88	223.75	445.96	440.9	333.63
Inventory	288.05	165	213.6	149.71	74.4
Other Current Assets	576.08	315.74	88.93	60.82	37.78
Total Current Assets	2,607	2,327	2,444	2,264	1,462
Net Property, Plant & Equipment	136.8	147.51	188.13	132.75	96.59
Other Intangible Assets	22.29	42.4	68.54	99.54	97.76
Goodwill	214.76	211.57	214.56	213.56	181.25
Other Long-Term Assets	529.08	521.11	468.27	374.16	241.2
Total Assets	3,510	3,250	3,383	3,084	2,079
Accounts Payable	203.04	90.03	116.16	125.09	113.77
Accrued Expenses	217.37	196.89	261.92	295.94	157.91
Current Portion of Long-Term Debt	632.18	101.29	-	90.89	86.05
Unearned Revenue	180.52	237.23	118.3	90.75	62.67
Other Current Liabilities	29.04	34.66	36.07	35.56	19.4
Total Current Liabilities	1,262	660.09	532.45	638.22	439.8
Long-Term Debt	572.19	1,201	1,294	1,199	951.59
Other Long-Term Liabilities	588.43	555.48	573.2	421.02	257.7
Total Long-Term Liabilities	1,161	1,757	1,867	1,620	1,209
Total Liabilities	2,423	2,417	2,399	2,259	1,649
Common Stock	0	0	0	0	0
Additional Paid-in Capital	1,289	1,085	939.34	819.12	837.92
Accumulated Other Comprehensive Income	1.75	-6.35	-1.99	-10.88	-2.02
Retained Earnings	-203.9	-245.21	46.27	17.34	-405.74
Shareholders' Equity	1,087	833.02	983.62	825.57	430.17
Total Liabilities & Equity	3,510	3,250	3,383	3,084	2,079
Total Debt	1,204	1,302	1,294	1,290	1,038
Net Cash (Debt)	308.48	320.21	401.3	322.49	-21
Net Cash Growth	-3.66%	-20.21%	24.44%	-	-
Net Cash Per Share	2.29	2.29	2.80	2.23	-0.15
Book Value	1,087	833.02	983.62	825.57	430.17
Book Value Per Share	8.06	5.95	6.86	5.72	3.01
Tangible Book Value	849.98	579.05	700.53	512.47	151.16
Tangible Book Value Per Share	6.30	4.14	4.89	3.55	1.06

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.