ENPH
Enphase Energy, Inc.
NASDAQ · Energy · Solar · US
$36.37
+0.17%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.3B | 1.5B | 1.3B | 2.3B | 2.3B |
| Cost of Revenue | 704.8M | 786.0M | 701.2M | 1.2B | 1.4B |
| Gross Profit | 623.7M | 687.0M | 629.1M | 1.1B | 974.6M |
| Operating Expenses | |||||
| R&D Expense | 184.0M | 189.1M | 201.3M | 227.3M | 168.8M |
| SG&A Expense | 323.8M | 333.3M | 337.4M | 369.6M | 355.1M |
| General & Admin Expense | 132.3M | 135.8M | 130.8M | 137.8M | 140.0M |
| Selling & Marketing Expense | 191.5M | 197.5M | 206.6M | 231.8M | 215.1M |
| Other Expenses | 6.1M | — | 13.2M | 15.7M | 2.4M |
| Total Operating Expenses | 513.8M | 522.3M | 551.8M | 612.6M | 526.3M |
| Cost and Expenses | 1.2B | 1.3B | 1.3B | 1.8B | 1.9B |
| Operating Income (EBIT) | 109.8M | 164.7M | 77.3M | 445.7M | 448.3M |
| Non-Operating | |||||
| Interest Income | 55.6M | 62.7M | 77.3M | 69.7M | 13.7M |
| Interest Expense | 699.0K | 4.5M | 8.9M | 8.8M | 9.4M |
| Net Interest Income | 54.9M | 58.2M | 68.4M | 60.9M | 4.2M |
| Other Non-Op Income/Expense | 53.9M | 40.2M | 42.9M | 67.4M | 3.8M |
| Non-Operating Income (excl Interest) | (29.4M) | (44.7M) | (51.8M) | (76.2M) | (13.2M) |
| EBT (Pre-Tax Income) | 163.8M | 204.8M | 120.2M | 513.1M | 452.0M |
| Income Tax Expense | 29.7M | 32.7M | 17.5M | 74.2M | 54.7M |
| Bottom Line | |||||
| Net Income | 134.0M | 172.1M | 102.7M | 438.9M | 397.4M |
| Earnings from Cont. Ops | 134.0M | 172.1M | 102.7M | 438.9M | 397.4M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 134.0M | 172.1M | 105.1M | 441.5M | 400.0M |
| Per Share | |||||
| Basic EPS | $1.02 | $1.31 | $0.76 | $3.22 | $2.94 |
| Diluted EPS | $1.00 | $1.29 | $0.75 | $3.08 | $2.77 |
| Revenue Per Share | $10.09 | $11.23 | $9.84 | $16.80 | $17.22 |
| Shares | |||||
| Basic Shares Outstanding | 131.7M | 131.2M | 135.2M | 136.4M | 135.3M |
| Diluted Shares Outstanding | 132.8M | 134.9M | 140.0M | 143.3M | 144.4M |
| Profitability Metrics | |||||
| EBITDA | 177.9M | 290.0M | 210.5M | 596.7M | 520.3M |
| D&A | 38.6M | 80.6M | 81.4M | 74.7M | 58.8M |
| EBIT | 139.3M | 209.3M | 129.1M | 522.0M | 461.5M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026