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	Sep '26 Sep 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	380.4	474.32	369.11	288.75	473.24	119.32
Short-Term Investments	551.45	1,039	1,253	1,406	1,140	897.34
Cash & Short-Term Investments	931.85	1,513	1,623	1,695	1,613	1,017
Cash Growth	-36.95%	-6.76%	-4.27%	5.10%	58.64%	49.64%
Accounts Receivable	285.36	229.88	223.75	486.2	473.03	357.13
Other Receivables	201.54	76.62	15.12	7.6	2.2	2.1
Receivables	521.01	354.83	238.87	493.8	475.23	359.23
Inventory	243.71	288.05	165	213.6	149.71	74.4
Prepaid Expenses	-	-	-	41.09	26.49	12.18
Restricted Cash	-	-	95.01	-	-	-
Other Current Assets	186.26	451.13	205.61	-	-	-
Total Current Assets	1,883	2,607	2,327	2,444	2,264	1,462
Property, Plant & Equipment	169.95	153.88	149.53	162.93	113.55	83.99
Long-Term Investments	56.47	61.35	64.83	79.86	56.78	41.04
Goodwill	213.09	214.76	211.57	214.56	213.56	181.25
Other Intangible Assets	8.6	39.79	65	93.74	118.74	110.36
Long-Term Accounts Receivable	213.17	115.07	110.95	124.19	100.99	69.58
Long-Term Deferred Tax Assets	321.62	306.4	315.57	252.37	204.87	122.47
Other Long-Term Assets	11.31	11.69	5.14	11.85	11.52	8.1
Total Assets	2,877	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	Sep '26 Sep 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	100.61	203.04	90.03	116.16	125.09	113.77
Accrued Expenses	90.48	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	8.69	8.21	5.82	5.22	5.37	3.83
Current Income Taxes Payable	3.22	4.92	3.54	8.53	16.15	0.34
Current Unearned Revenue	170.57	180.52	237.23	118.3	90.75	62.67
Other Current Liabilities	86.54	92.02	90.49	72.14	62.75	46.36
Total Current Liabilities	460.1	1,262	660.09	532.45	638.22	439.8
Long-Term Debt	573.16	572.19	1,201	1,294	1,199	951.59
Long-Term Leases	32.71	31.2	23.04	18.8	19.08	11.92
Long-Term Unearned Revenue	355.14	337.92	341.98	369.17	281.61	187.19
Other Long-Term Liabilities	213.89	219.31	190.45	185.23	120.33	58.59
Total Liabilities	1,635	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	Sep '26 Sep 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	1,405	1,289	1,085	939.34	819.12	837.92
Retained Earnings	-151.84	-203.9	-245.21	46.27	17.34	-405.74
Comprehensive Income & Other	-11.12	1.75	-6.35	-1.99	-10.88	-2.02
Shareholders' Equity	1,242	1,087	833.02	983.62	825.57	430.17
Total Liabilities & Equity	2,877	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	Sep '26 Sep 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	614.56	1,244	1,331	1,318	1,315	1,053
Net Cash (Debt)	317.29	269.07	291.35	377.27	298.04	-36.75
Net Cash Growth	29.88%	-7.65%	-22.78%	26.59%	-	-
Net Cash Per Share	2.33	1.99	2.08	2.63	2.06	-0.26
Filing Date Shares Outstanding	132.31	131.1	132.47	135.76	136.5	133.94
Total Common Shares Outstanding	132.3	131.08	132.45	135.72	136.44	133.89
Working Capital	1,423	1,345	1,667	1,911	1,626	1,023
Book Value Per Share	9.39	8.29	6.29	7.25	6.05	3.21
Tangible Book Value	1,020	832.48	556.45	675.33	493.27	138.56
Tangible Book Value Per Share	7.71	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