Enphase Energy, Inc. (ENPH)

ENPH Balance Sheet

Assets, liabilities, and equity analysis

ENPH Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	1.830B	1.830B	2.607B	2.392B	2.289B	2.197B	2.327B	2.361B	2.242B
Cash & Cash Equivalents	497.546M	497.546M	474.318M	401.880M	370.536M	350.077M	464.116M	256.325M	252.102M
Short-Term Investments	433.095M	433.095M	1.039B	1.076B	1.160B	1.117B	1.253B	1.510B	1.394B
Cash & Short-Term Investments	930.641M	930.641M	1.513B	1.478B	1.530B	1.467B	1.718B	1.767B	1.646B
Accounts Receivable	196.578M	196.578M	265.857M	265.513M	265.598M	225.625M	265.750M	232.225M	319.211M
Inventory	290.701M	290.701M	288.047M	188.652M	173.016M	144.025M	165.004M	158.837M	176.068M
Total Assets	2.724B	2.724B	3.510B	3.320B	3.179B	3.106B	3.250B	3.264B	3.167B
Property, Plant & Equipment	138.873M	138.873M	136.804M	131.317M	162.678M	142.219M	172.131M	176.564M	171.464M
Goodwill	213.744M	213.744M	214.760M	214.406M	214.890M	212.359M	211.571M	214.292M	213.239M
Intangible Assets	17.562M	17.562M	22.288M	27.332M	32.380M	37.408M	42.398M	51.152M	56.715M
Long-Term Investments	0.00	0.00	0.00	0.00	170.374M	0.00	175.788M	196.323M	200.441M
Total Current Liabilities	481.783M	481.783M	1.262B	1.171B	1.163B	1.159B	660.091M	567.478M	529.632M
Accounts Payable	113.462M	113.462M	203.039M	188.571M	162.697M	115.374M	90.032M	112.417M	79.646M
Short-Term Debt	0.00	0.00	632.183M	631.681M	637.258M	630.677M	101.291M	99.931M	103.715M
Total Liabilities	1.622B	1.622B	2.423B	2.325B	2.298B	2.295B	2.417B	2.333B	2.282B
Long-Term Debt	572.510M	572.510M	572.194M	571.867M	571.540M	571.214M	1.201B	1.200B	1.199B
Total Debt	612.127M	612.127M	1.213B	1.234B	1.235B	1.235B	1.331B	1.332B	1.321B
Net Debt (Cash)	114.581M	114.581M	738.270M	831.743M	864.202M	884.528M	867.123M	1.076B	1.069B
Total Shareholders' Equity	1.102B	1.102B	1.087B	995.022M	880.637M	810.698M	833.016M	931.373M	884.523M
Common Stock	1K	1K	1K	1K	1K	1K	1K	1K	1K
Retained Earnings	-211.302M	-211.302M	-203.896M	-242.583M	-309.221M	-315.856M	-245.206M	-104.927M	-100.895M
Current Ratio	3.80	3.80	2.07	2.04	1.97	1.90	3.53	4.16	4.23
Debt to Equity Ratio	0.56	0.56	1.12	1.24	1.40	1.52	1.60	1.43	1.49

ENPH Annual Balance Sheet (USD)

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
Total Current Assets	2.607B	2.327B	2.444B	2.264B	1.462B	933.064M	499.657M	222.302M
Cash & Cash Equivalents	474.318M	369.110M	288.748M	473.244M	119.316M	679.379M	251.409M	106.237M
Short-Term Investments	1.039B	1.253B	1.406B	1.140B	897.335M	0.00	0.00	0.00
Cash & Short-Term Investments	1.513B	1.623B	1.695B	1.613B	1.017B	679.379M	251.409M	106.237M
Accounts Receivable	265.857M	223.749M	445.959M	440.896M	357.134M	200.044M	145.413M	78.938M
Inventory	288.047M	165.004M	213.595M	149.708M	74.400M	41.764M	32.056M	16.267M
Total Assets	3.510B	3.250B	3.383B	3.084B	2.079B	1.200B	713.223M	339.937M
Property, Plant & Equipment	136.804M	172.131M	188.131M	132.746M	96.587M	60.668M	39.053M	20.998M
Goodwill	214.760M	211.571M	214.562M	213.559M	181.254M	24.783M	24.783M	24.783M
Intangible Assets	22.288M	42.398M	68.536M	99.541M	97.758M	28.808M	30.579M	35.306M
Long-Term Investments	0.00	0.00	0.00	157.768M	0.00	51.986M	0.00	0.00
Total Current Liabilities	1.262B	660.091M	532.449M	638.219M	439.796M	534.043M	199.311M	147.161M
Accounts Payable	203.039M	90.032M	116.164M	125.085M	113.767M	72.609M	57.474M	48.794M
Short-Term Debt	640.394M	101.291M	5.220M	90.892M	86.052M	330.509M	2.884M	28.155M
Total Liabilities	2.423B	2.417B	2.399B	2.259B	1.649B	716.109M	441.011M	332.161M
Long-Term Debt	572.194M	1.201B	1.294B	1.199B	951.594M	4.898M	102.659M	81.628M
Total Debt	1.244B	1.331B	1.318B	1.315B	1.053B	350.616M	108.713M	109.783M
Net Debt (Cash)	769.465M	962.129M	1.029B	841.561M	934.080M	-328.763M	-142.696M	3.546M
Total Shareholders' Equity	1.087B	833.016M	983.624M	825.573M	430.168M	483.993M	272.212M	7.776M
Common Stock	1K	1K	1K	1K	1K	1K	1K	1K
Retained Earnings	-203.896M	-245.206M	46.273M	17.335M	-405.737M	-51.186M	-185.181M	-346.302M
Current Ratio	2.07	3.53	4.59	3.55	3.33	1.75	2.51	1.51
Debt to Equity Ratio	1.14	1.60	1.34	1.59	2.45	0.72	0.40	14.12

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

2,781 employees

www.enphase.com

Energy / Solar

Sector: Energy
Industry: Solar
CEO: Badrinarayanan Kothandaraman

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