Enphase Energy, Inc. (BVL:ENPH)
 32.28
 -1.78 (-5.23%)
  At close: Oct 29, 2025
Enphase Energy Income Statement
Financials in millions USD. Fiscal year is January - December.
 Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 | 
|---|---|---|---|---|---|---|---|
| Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 | 
| 1,512 | 1,330 | 2,291 | 2,331 | 1,382 | 774.43 | Upgrade  | |
| Revenue Growth (YoY) | 20.97% | -41.93% | -1.72% | 68.65% | 78.46% | 24.04% | Upgrade  | 
| Cost of Revenue | 1,029 | 858.75 | 1,286 | 1,356 | 827.63 | 428.44 | Upgrade  | 
| Gross Profit | 482.97 | 471.64 | 1,005 | 974.6 | 554.42 | 345.98 | Upgrade  | 
| Selling, General & Admin | 332.95 | 337.38 | 369.63 | 352.9 | 228.16 | 103.62 | Upgrade  | 
| Research & Development | 193.25 | 201.32 | 227.34 | 168.85 | 105.53 | 55.92 | Upgrade  | 
| Other Operating Expenses | -250.3 | -157.5 | -53.5 | - | - | - | Upgrade  | 
| Operating Expenses | 275.9 | 381.19 | 543.46 | 521.75 | 333.69 | 159.54 | Upgrade  | 
| Operating Income | 207.06 | 90.45 | 461.43 | 452.85 | 220.73 | 186.44 | Upgrade  | 
| Interest Expense | -5.94 | -8.91 | -8.84 | -9.44 | -45.15 | -21 | Upgrade  | 
| Interest & Investment Income | 65.79 | 77.31 | 69.73 | 13.66 | 0.7 | 2.16 | Upgrade  | 
| Currency Exchange Gain (Loss) | -4 | -5 | -2.1 | - | - | - | Upgrade  | 
| Other Non Operating Income (Expenses) | 4.38 | 0.27 | 0.01 | -0.43 | 6.05 | -45.15 | Upgrade  | 
| EBT Excluding Unusual Items | 267.28 | 154.11 | 520.22 | 456.63 | 182.33 | 122.45 | Upgrade  | 
| Merger & Restructuring Charges | -17.17 | -13.15 | -15.68 | -4.58 | -4.9 | - | Upgrade  | 
| Gain (Loss) on Sale of Investments | -14.3 | -20.8 | 8.6 | - | - | - | Upgrade  | 
| Other Unusual Items | - | - | - | - | -56.5 | -3.04 | Upgrade  | 
| Pretax Income | 235.82 | 120.16 | 513.14 | 452.05 | 120.93 | 119.41 | Upgrade  | 
| Income Tax Expense | 40.24 | 17.5 | 74.2 | 54.69 | -24.52 | -14.59 | Upgrade  | 
| Net Income | 195.58 | 102.66 | 438.94 | 397.36 | 145.45 | 134 | Upgrade  | 
| Net Income to Common | 195.58 | 102.66 | 438.94 | 397.36 | 145.45 | 134 | Upgrade  | 
| Net Income Growth | 218.45% | -76.61% | 10.46% | 173.20% | 8.55% | -16.85% | Upgrade  | 
| Shares Outstanding (Basic) | 132 | 135 | 136 | 135 | 134 | 126 | Upgrade  | 
| Shares Outstanding (Diluted) | 138 | 140 | 143 | 144 | 143 | 142 | Upgrade  | 
| Shares Change (YoY) | 0.92% | -2.29% | -0.76% | 1.06% | 0.68% | 7.80% | Upgrade  | 
| EPS (Basic) | 1.48 | 0.76 | 3.22 | 2.94 | 1.09 | 1.07 | Upgrade  | 
| EPS (Diluted) | 1.44 | 0.75 | 3.08 | 2.77 | 1.02 | 0.95 | Upgrade  | 
| EPS Growth | 233.44% | -75.63% | 11.23% | 171.79% | 7.81% | -23.29% | Upgrade  | 
| Free Cash Flow | 217.29 | 480.09 | 586.38 | 698.37 | 299.77 | 195.78 | Upgrade  | 
| Free Cash Flow Per Share | 1.58 | 3.43 | 4.09 | 4.84 | 2.10 | 1.38 | Upgrade  | 
| Gross Margin | 31.93% | 35.45% | 43.87% | 41.81% | 40.12% | 44.68% | Upgrade  | 
| Operating Margin | 13.69% | 6.80% | 20.14% | 19.43% | 15.97% | 24.07% | Upgrade  | 
| Profit Margin | 12.93% | 7.72% | 19.16% | 17.05% | 10.52% | 17.30% | Upgrade  | 
| Free Cash Flow Margin | 14.37% | 36.09% | 25.60% | 29.96% | 21.69% | 25.28% | Upgrade  | 
| EBITDA | 281.38 | 163.06 | 526.3 | 511.62 | 251.58 | 204.54 | Upgrade  | 
| EBITDA Margin | 18.61% | 12.26% | 22.98% | 21.95% | 18.20% | 26.41% | Upgrade  | 
| D&A For EBITDA | 74.32 | 72.61 | 64.88 | 58.78 | 30.85 | 18.1 | Upgrade  | 
| EBIT | 207.06 | 90.45 | 461.43 | 452.85 | 220.73 | 186.44 | Upgrade  | 
| EBIT Margin | 13.69% | 6.80% | 20.14% | 19.43% | 15.97% | 24.07% | Upgrade  | 
| Effective Tax Rate | 17.06% | 14.56% | 14.46% | 12.10% | - | - | Upgrade  | 
| Advertising Expenses | - | 1.7 | 3.8 | 3.8 | 16.2 | 0.8 | Upgrade  | 
Source: S&P Global Market Intelligence. Standard template. Financial Sources.