Enphase Energy, Inc. (ENPH)ENPHEnphase Energy, Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	1.33B	291.85M	282.90M	343.32M	410.43M	363.15M	356.08M	382.71M	380.87M
Cost of Goods Sold	704.83M	116.84M	182.51M	191.29M	214.19M	192.66M	187.84M	184.42M	202.70M
Gross Profit	623.68M	175.01M	100.39M	152.03M	196.24M	170.49M	168.24M	198.29M	178.17M
Gross Profit Margin	46.9%	60.0%	35.5%	44.3%	47.8%	46.9%	47.2%	51.8%	46.8%
Total Operating Expenses	513.84M	123.50M	130.04M	130.23M	130.08M	133.49M	136.32M	143.49M	128.38M
Research & Development	184.00M	45.66M	44.87M	46.21M	47.27M	45.42M	50.17M	50.39M	47.84M
Selling, General & Administrative	323.77M	76.88M	81.34M	84.02M	81.53M	84.74M	82.98M	83.70M	79.86M
Operating Income (EBIT)	109.83M	51.52M	-29.64M	21.80M	66.16M	37.01M	31.92M	54.80M	49.79M
Operating Margin	8.3%	17.7%	-10.5%	6.3%	16.1%	10.2%	9.0%	14.3%	13.1%
Income Before Tax (EBT)	163.75M	61.90M	-13.86M	38.70M	77.02M	42.20M	46.89M	69.70M	50.74M
Interest Income	55.56M	12.15M	12.63M	15.35M	15.43M	14.91M	17.03M	18.42M	19.98M
Interest Expense	699K	-1.59M	633K	829K	830K	815K	2.05M	2.25M	2.24M
Other Income/Expense	53.92M	10.38M	15.78M	16.90M	10.86M	5.20M	14.97M	14.89M	955K
Net Income	134.02M	36.08M	-7.41M	38.71M	66.64M	37.05M	29.73M	62.16M	45.76M
Income Tax Expense	-9.00M	-12.91M	-6.45M	-16K	10.38M	5.15M	17.16M	7.54M	4.98M
Net Profit Margin	10.1%	12.4%	-2.6%	11.3%	16.2%	10.2%	8.3%	16.2%	12.0%
EBITDA	148.48M	30.70M	-8.83M	42.23M	84.38M	57.09M	51.84M	75.47M	69.89M
EBITDA Margin	11.2%	10.5%	-3.1%	12.3%	20.6%	15.7%	14.6%	19.7%	18.4%
Depreciation & Amortization	38.65M	-20.82M	20.82M	20.43M	18.22M	20.09M	19.91M	20.66M	20.10M
EPS Basic	1.02	0.27	-0.06	0.30	0.51	0.28	0.23	0.46	0.34
EPS Diluted	1.00	0.27	-0.06	0.29	0.50	0.28	0.22	0.46	0.33
Shares Outstanding	131.65M	131.65M	131.34M	130.97M	130.80M	131.03M	131.87M	133.81M	135.33M
Diluted Shares Outstanding	132.79M	132.79M	131.34M	133.46M	133.00M	135.22M	136.21M	138.13M	139.91M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.47B	1.33B	2.29B	2.33B	1.38B	774.42M	624.33M	316.16M
Cost of Goods Sold	785.98M	701.25M	1.23B	1.36B	827.63M	428.44M	403.09M	221.71M
Gross Profit	687.00M	629.14M	1.06B	974.60M	554.42M	345.98M	221.25M	94.44M
Gross Profit Margin	46.6%	47.3%	46.2%	41.8%	40.1%	44.7%	35.4%	29.9%
Total Operating Expenses	522.35M	551.85M	612.65M	526.33M	338.59M	159.54M	118.52M	92.85M
Research & Development	189.07M	201.31M	227.34M	168.85M	105.53M	55.92M	40.38M	32.59M
Selling, General & Administrative	333.27M	337.38M	369.63M	355.10M	233.06M	103.62M	75.54M	56.13M
Operating Income (EBIT)	164.66M	77.29M	445.74M	448.26M	215.83M	186.44M	102.73M	1.60M
Operating Margin	11.2%	5.8%	19.5%	19.2%	15.6%	24.1%	16.5%	0.5%
Income Before Tax (EBT)	204.81M	120.16M	513.14M	452.05M	120.93M	119.41M	90.11M	-10.23M
Interest Income	62.72M	77.31M	69.73M	13.66M	695K	2.16M	2.51M	N/A
Interest Expense	4.52M	8.90M	8.84M	9.44M	45.15M	21.00M	9.69M	9.63M
Other Income/Expense	40.16M	42.87M	67.40M	3.79M	-94.90M	-67.03M	-12.62M	-11.82M
Net Income	172.13M	102.66M	438.94M	397.36M	145.45M	134.00M	161.15M	-11.63M
Income Tax Expense	32.68M	17.50M	74.20M	54.69M	-24.52M	-14.59M	-71.03M	1.40M
Net Profit Margin	11.7%	7.7%	19.2%	17.0%	10.5%	17.3%	25.8%	-3.7%
EBITDA	245.30M	158.68M	520.45M	507.04M	246.68M	204.54M	116.85M	11.26M
EBITDA Margin	16.7%	11.9%	22.7%	21.8%	17.8%	26.4%	18.7%	3.6%
Depreciation & Amortization	80.64M	81.39M	74.71M	58.77M	30.85M	18.10M	14.12M	9.67M
EPS Basic	1.31	0.76	3.22	2.94	1.09	1.07	1.38	-0.12
EPS Diluted	1.29	0.75	3.08	2.77	1.02	0.95	1.23	-0.12
Shares Outstanding	131.16M	135.17M	136.38M	135.35M	134.03M	125.56M	116.71M	96.89M
Diluted Shares Outstanding	134.89M	140.00M	143.29M	144.39M	142.88M	141.92M	131.64M	99.62M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Enphase Energy, Inc.

Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy monitoring and control capabilities. The company's product portfolio also includes AC battery storage systems, the Envoy communications gateway, the cloud-based Enlighten monitoring service, and various related accessories. Enphase sells its offerings through multiple channels, reaching solar distributors, large installers directly, original equipment manufacturers (OEMs), strategic partners, and individual homeowners, as well as through its legacy product upgrade program and online store. Established in 2006, Enphase Energy, Inc. is headquartered in Fremont, California.

Fremont, CA

2,872 employees

www.enphase.com

Energy / Solar

Sector: Energy
Industry: Solar
CEO: Badrinarayanan Kothandaraman

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