Enphase Energy Balance Sheet

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
Cash & Equivalents	497.55	474.32	369.11	288.75	473.24	119.32
Short-Term Investments	433.1	1,039	1,253	1,406	1,140	897.34
Cash & Short-Term Investments	930.64	1,513	1,623	1,695	1,613	1,017
Cash Growth	-36.56%	-6.76%	-4.27%	5.10%	58.64%	49.64%
Accounts Receivable	196.58	229.88	223.75	445.96	440.9	333.63
Inventory	290.7	288.05	165	213.6	149.71	74.4
Other Current Assets	412.35	576.08	315.74	88.93	60.82	37.78
Total Current Assets	1,830	2,607	2,327	2,444	2,264	1,462
Net Property, Plant & Equipment	138.87	136.8	147.51	188.13	132.75	96.59
Other Intangible Assets	17.56	22.29	42.4	68.54	99.54	97.76
Goodwill	213.74	214.76	211.57	214.56	213.56	181.25
Other Long-Term Assets	523.47	529.08	521.11	468.27	374.16	241.2
Total Assets	2,724	3,510	3,250	3,383	3,084	2,079
Accounts Payable	113.46	203.04	90.03	116.16	125.09	113.77
Accrued Expenses	195.58	217.37	196.89	261.92	295.94	157.91
Current Portion of Long-Term Debt	-	632.18	101.29	-	90.89	86.05
Unearned Revenue	144.33	180.52	237.23	118.3	90.75	62.67
Other Current Liabilities	28.41	29.04	34.66	36.07	35.56	19.4
Total Current Liabilities	481.78	1,262	660.09	532.45	638.22	439.8
Long-Term Debt	572.51	572.19	1,201	1,294	1,199	951.59
Other Long-Term Liabilities	567.28	588.43	555.48	573.2	421.02	257.7
Total Long-Term Liabilities	1,140	1,161	1,757	1,867	1,620	1,209
Total Liabilities	1,622	2,423	2,417	2,399	2,259	1,649
Common Stock	0	0	0	0	0	0
Additional Paid-in Capital	1,319	1,289	1,085	939.34	819.12	837.92
Accumulated Other Comprehensive Income	-5.82	1.75	-6.35	-1.99	-10.88	-2.02
Retained Earnings	-211.3	-203.9	-245.21	46.27	17.34	-405.74
Shareholders' Equity	1,102	1,087	833.02	983.62	825.57	430.17
Total Liabilities & Equity	2,724	3,510	3,250	3,383	3,084	2,079
Total Debt	572.51	1,204	1,302	1,294	1,290	1,038
Net Cash (Debt)	358.13	308.48	320.21	401.3	322.49	-21
Net Cash Growth	16.10%	-3.66%	-20.21%	24.44%	-	-
Net Cash Per Share	2.69	2.29	2.29	2.80	2.23	-0.15
Book Value	1,102	1,087	833.02	983.62	825.57	430.17
Book Value Per Share	8.27	8.06	5.95	6.86	5.72	3.01
Tangible Book Value	871.05	849.98	579.05	700.53	512.47	151.16
Tangible Book Value Per Share	6.54	6.30	4.14	4.89	3.55	1.06

SEC Filings: 10-K · 10-Q