ENPH
Enphase Energy, Inc.
NASDAQ · USEnergySolar
$39.46-5.08%
Price as of Jul 20, 2026
ENPH financials
Enphase Energy, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $1.5B | $1.3B | $2.3B | $2.3B |
| Cost of revenue | $786.0M | $701.2M | $1.2B | $1.4B |
| Gross profit | $687.0M | $629.1M | $1.1B | $974.6M |
| Operating expenses | $522.3M | $551.8M | $612.6M | $526.3M |
| Operating income | $164.7M | $77.3M | $445.7M | $448.3M |
| Net income | $172.1M | $102.7M | $438.9M | $397.4M |
| EBITDA | $290.0M | $210.5M | $596.7M | $520.3M |
| Basic EPS | $1.31 | $0.76 | $3.22 | $2.94 |
| Diluted EPS | $1.29 | $0.75 | $3.08 | $2.77 |
| Balance sheet | ||||
| Cash & equivalents | $474.3M | $369.1M | $288.7M | $473.2M |
| Total assets | $3.5B | $3.2B | $3.4B | $3.1B |
| Total liabilities | $2.4B | $2.4B | $2.4B | $2.3B |
| Stockholders’ equity | $1.1B | $833.0M | $983.6M | $825.6M |
| Total debt | $1.2B | $1.3B | $1.3B | $1.3B |
| Net debt | $769.5M | $962.1M | $1.0B | $841.6M |
| Cash flow | ||||
| Operating cash flow | $136.5M | $513.7M | $696.8M | $744.8M |
| Capital expenditure | -$40.6M | -$33.6M | -$110.4M | -$46.4M |
| Free cash flow | $95.9M | $480.1M | $586.4M | $698.4M |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | -$130.0M | -$391.4M | -$410.0M | $0.00 |