Enphase Energy Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Cash & Equivalents	529.34	474.32	369.11	288.75	473.24	119.32
Short-Term Investments	408.36	1,039	1,253	1,406	1,140	897.34
Cash & Short-Term Investments	937.71	1,513	1,623	1,695	1,613	1,017
Cash Growth	-38.72%	-6.76%	-4.27%	5.10%	58.64%	49.64%
Accounts Receivable	308.42	229.88	223.75	486.2	473.03	357.13
Other Receivables	182.94	76.62	15.12	7.6	2.2	2.1
Receivables	532.3	354.83	238.87	493.8	475.23	359.23
Inventory	285.02	288.05	165	213.6	149.71	74.4
Prepaid Expenses	-	-	-	41.09	26.49	12.18
Restricted Cash	-	-	95.01	-	-	-
Other Current Assets	195.51	451.13	205.61	-	-	-
Total Current Assets	1,951	2,607	2,327	2,444	2,264	1,462
Property, Plant & Equipment	172.17	153.88	149.53	162.93	113.55	83.99
Long-Term Investments	87.95	61.35	64.83	79.86	56.78	41.04
Goodwill	213.23	214.76	211.57	214.56	213.56	181.25
Other Intangible Assets	13.08	39.79	65	93.74	118.74	110.36
Long-Term Accounts Receivable	181.28	115.07	110.95	124.19	100.99	69.58
Long-Term Deferred Tax Assets	289.67	306.4	315.57	252.37	204.87	122.47
Other Long-Term Assets	11.34	11.69	5.14	11.85	11.52	8.1
Total Assets	2,919	3,510	3,250	3,383	3,084	2,079

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	124.59	203.04	90.03	116.16	125.09	113.77
Accrued Expenses	100.09	141.26	131.7	212.09	247.23	126.78
Current Portion of Long-Term Debt	-	632.18	101.29	-	90.89	86.05
Current Portion of Leases	9.1	8.21	5.82	5.22	5.37	3.83
Current Income Taxes Payable	2.05	4.92	3.54	8.53	16.15	0.34
Current Unearned Revenue	224.27	180.52	237.23	118.3	90.75	62.67
Other Current Liabilities	105.06	92.02	90.49	72.14	62.75	46.36
Total Current Liabilities	565.16	1,262	660.09	532.45	638.22	439.8
Long-Term Debt	572.84	572.19	1,201	1,294	1,199	951.59
Long-Term Leases	31.43	31.2	23.04	18.8	19.08	11.92
Long-Term Unearned Revenue	358.23	337.92	341.98	369.17	281.61	187.19
Other Long-Term Liabilities	209.77	219.31	190.45	185.23	120.33	58.59
Total Liabilities	1,737	2,423	2,417	2,399	2,259	1,649

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	1,365	1,289	1,085	939.34	819.12	837.92
Retained Earnings	-175.22	-203.9	-245.21	46.27	17.34	-405.74
Comprehensive Income & Other	-7.6	1.75	-6.35	-1.99	-10.88	-2.02
Shareholders' Equity	1,182	1,087	833.02	983.62	825.57	430.17
Total Liabilities & Equity	2,919	3,510	3,250	3,383	3,084	2,079

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	613.37	1,244	1,331	1,318	1,315	1,053
Net Cash (Debt)	324.34	269.07	291.35	377.27	298.04	-36.75
Net Cash Growth	9.78%	-7.65%	-22.78%	26.59%	-	-
Net Cash Per Share	2.43	1.99	2.08	2.63	2.06	-0.26
Filing Date Shares Outstanding	132.14	131.1	132.47	135.76	136.5	133.94
Total Common Shares Outstanding	132.13	131.08	132.45	135.72	136.44	133.89
Working Capital	1,385	1,345	1,667	1,911	1,626	1,023
Book Value Per Share	8.94	8.29	6.29	7.25	6.05	3.21
Tangible Book Value	955.52	832.48	556.45	675.33	493.27	138.56
Tangible Book Value Per Share	7.23	6.35	4.20	4.98	3.62	1.03
Land	-	-	-	-	0.11	0.11
Buildings	-	-	-	17.06	15.88	12.55
Machinery	-	242.91	217.88	197.26	125.08	104.42
Construction In Progress	-	10.46	19.31	29.75	31.73	14.33
Leasehold Improvements	-	32.86	19.05	-	-	-

SEC Filings: 10-K · 10-Q