Enphase Energy, Inc. (BVMF:E2NP34)
10.66
+0.44 (4.31%)
At close: Feb 10, 2026
Enphase Energy Income Statement
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 |
| 1,473 | 1,330 | 2,291 | 2,331 | 1,382 | |
Revenue Growth (YoY) | 10.72% | -41.93% | -1.72% | 68.65% | 78.46% |
Cost of Revenue | 785.98 | 858.75 | 1,286 | 1,356 | 827.63 |
Gross Profit | 687 | 471.64 | 1,005 | 974.6 | 554.42 |
Selling, General & Admin | 333.27 | 337.38 | 369.63 | 352.9 | 228.16 |
Research & Development | 189.08 | 201.32 | 227.34 | 168.85 | 105.53 |
Other Operating Expenses | - | -157.5 | -53.5 | - | - |
Operating Expenses | 522.35 | 381.19 | 543.46 | 521.75 | 333.69 |
Operating Income | 164.66 | 90.45 | 461.43 | 452.85 | 220.73 |
Interest Expense | -4.52 | -8.91 | -8.84 | -9.44 | -45.15 |
Interest & Investment Income | 62.72 | 77.31 | 69.73 | 13.66 | 0.7 |
Currency Exchange Gain (Loss) | - | -5 | -2.1 | - | - |
Other Non Operating Income (Expenses) | -10.91 | 0.27 | 0.01 | -0.43 | 6.05 |
EBT Excluding Unusual Items | 211.95 | 154.11 | 520.22 | 456.63 | 182.33 |
Merger & Restructuring Charges | -4.02 | -13.15 | -15.68 | -4.58 | -4.9 |
Gain (Loss) on Sale of Investments | - | -20.8 | 8.6 | - | - |
Asset Writedown | -3.11 | - | - | - | - |
Other Unusual Items | - | - | - | - | -56.5 |
Pretax Income | 204.81 | 120.16 | 513.14 | 452.05 | 120.93 |
Income Tax Expense | 32.68 | 17.5 | 74.2 | 54.69 | -24.52 |
Net Income | 172.13 | 102.66 | 438.94 | 397.36 | 145.45 |
Net Income to Common | 172.13 | 102.66 | 438.94 | 397.36 | 145.45 |
Net Income Growth | 67.68% | -76.61% | 10.46% | 173.20% | 8.55% |
Shares Outstanding (Basic) | 131 | 135 | 136 | 135 | 134 |
Shares Outstanding (Diluted) | 135 | 140 | 143 | 144 | 143 |
Shares Change (YoY) | -3.66% | -2.29% | -0.76% | 1.06% | 0.68% |
EPS (Basic) | 1.31 | 0.76 | 3.22 | 2.94 | 1.09 |
EPS (Diluted) | 1.29 | 0.75 | 3.08 | 2.77 | 1.02 |
EPS Growth | 71.77% | -75.63% | 11.23% | 171.79% | 7.81% |
Free Cash Flow | 95.9 | 480.09 | 586.38 | 698.37 | 299.77 |
Free Cash Flow Per Share | 0.71 | 3.43 | 4.09 | 4.84 | 2.10 |
Gross Margin | 46.64% | 35.45% | 43.87% | 41.81% | 40.12% |
Operating Margin | 11.18% | 6.80% | 20.14% | 19.43% | 15.97% |
Profit Margin | 11.69% | 7.72% | 19.16% | 17.05% | 10.52% |
Free Cash Flow Margin | 6.51% | 36.09% | 25.60% | 29.96% | 21.69% |
EBITDA | 245.3 | 163.06 | 526.3 | 511.62 | 251.58 |
EBITDA Margin | 16.65% | 12.26% | 22.98% | 21.95% | 18.20% |
D&A For EBITDA | 80.65 | 72.61 | 64.88 | 58.78 | 30.85 |
EBIT | 164.66 | 90.45 | 461.43 | 452.85 | 220.73 |
EBIT Margin | 11.18% | 6.80% | 20.14% | 19.43% | 15.97% |
Effective Tax Rate | 15.96% | 14.56% | 14.46% | 12.10% | - |
Advertising Expenses | - | 1.7 | 3.8 | 3.8 | 16.2 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.