Enphase Energy, Inc. (ENPH)
NASDAQ: ENPH · Real-Time Price · USD
67.45
+3.70 (5.81%)
Jun 2, 2026, 1:12 PM EDT - Market open
Enphase Energy Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
| 1,400 | 1,473 | 1,330 | 2,291 | 2,331 | 1,382 | |
Revenue Growth (YoY) | -1.64% | 10.72% | -41.93% | -1.72% | 68.65% | 78.46% |
Cost of Revenue | 780.65 | 785.98 | 701.25 | 1,232 | 1,356 | 827.63 |
Gross Profit | 619.16 | 687 | 629.14 | 1,058 | 974.6 | 554.42 |
Selling, General & Admin | 331.63 | 333.27 | 337.38 | 369.63 | 355.1 | 233.06 |
Research & Development | 183.77 | 189.08 | 201.32 | 227.34 | 168.85 | 105.53 |
Other Operating Expenses | 7.8 | 7.13 | 13.15 | 15.68 | 2.38 | - |
Total Operating Expenses | 523.2 | 529.48 | 551.85 | 612.65 | 526.33 | 338.59 |
Operating Income | 95.96 | 157.53 | 77.29 | 445.74 | 448.26 | 215.83 |
Interest Income | 58.32 | 62.72 | 77.31 | 69.73 | 13.66 | 0.7 |
Interest Expense | -3.11 | -4.52 | -8.91 | -8.84 | -9.44 | -45.15 |
Other Non-Operating Income (Expense) | -7.11 | -10.91 | -25.53 | 6.51 | -0.43 | -50.45 |
Total Non-Operating Income (Expense) | 48.1 | 47.29 | 42.87 | 67.4 | 3.79 | -94.9 |
Pretax Income | 144.06 | 204.81 | 120.16 | 513.14 | 452.05 | 120.93 |
Provision for Income Taxes | 9.06 | 32.68 | 17.5 | 74.2 | 54.69 | -24.52 |
Net Income | 135 | 172.13 | 102.66 | 438.94 | 397.36 | 145.45 |
Net Income to Common | 135 | 172.13 | 102.66 | 438.94 | 397.36 | 145.45 |
Net Income Growth | -9.08% | 67.68% | -76.61% | 10.46% | 173.20% | 8.55% |
Shares Outstanding (Basic) | 131 | 131 | 135 | 136 | 135 | 134 |
Shares Outstanding (Diluted) | 133 | 135 | 140 | 143 | 144 | 143 |
Shares Change (YoY) | -3.15% | -3.66% | -2.29% | -0.76% | 1.06% | 0.68% |
EPS (Basic) | 1.03 | 1.31 | 0.76 | 3.22 | 2.94 | 1.09 |
EPS (Diluted) | 1.01 | 1.29 | 0.75 | 3.08 | 2.77 | 1.02 |
EPS Growth | -6.48% | 72.00% | -75.65% | 11.19% | 171.57% | 7.37% |
Shares Outstanding | 131.78 | 131.08 | 132.45 | 135.72 | 136.44 | 133.89 |
Free Cash Flow | 145.07 | 95.9 | 480.09 | 586.38 | 698.37 | 299.77 |
Free Cash Flow Growth | 51.27% | -80.02% | -18.13% | -16.04% | 132.97% | 53.12% |
Free Cash Flow Per Share | 1.09 | 0.71 | 3.43 | 4.09 | 4.84 | 2.10 |
Gross Margin | 44.23% | 46.64% | 47.29% | 46.20% | 41.81% | 40.12% |
Operating Margin | 6.86% | 10.69% | 5.81% | 19.46% | 19.23% | 15.62% |
Profit Margin | 9.64% | 11.69% | 7.72% | 19.16% | 17.05% | 10.52% |
FCF Margin | 10.36% | 6.51% | 36.09% | 25.60% | 29.96% | 21.69% |
EBITDA | 177.51 | 238.17 | 158.68 | 520.45 | 507.04 | 246.68 |
EBITDA Margin | 12.68% | 16.17% | 11.93% | 22.72% | 21.75% | 17.85% |
EBIT | 95.96 | 157.53 | 77.29 | 445.74 | 448.26 | 215.83 |
EBIT Margin | 6.86% | 10.69% | 5.81% | 19.46% | 19.23% | 15.62% |
Effective Tax Rate | 6.29% | 15.96% | 14.56% | 14.46% | 12.10% | -20.28% |