ENPH · XBRL financial data

Enphase Energy financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ENPH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	774	1,382	2,331	2,291	1,330	1,473
Cost of revenue	428	828	1,356	1,232	701	786
Gross profit	346	554	975	1,058	629	687
Research and development	56	106	169	227	201	189
General and administrative	51	104	140	138	131	136
Total operating expenses	160	339	526	613	552	529
Other operating income (expense)	—	—	—	—	—	(0)
Operating income (loss)	186	216	448	446	77	158
Interest expense	21	45	9	9	9	5
Other income (expense)	(4)	6	(0)	7	(26)	(11)
Income tax expense (benefit)	(15)	(25)	55	74	18	33
Net income (loss)	134	145	397	439	103	172
Earnings per share, basic USD per share	—	—	2.94	3.22	0.76	1.31
Earnings per share, diluted USD per share	—	—	2.77	3.08	0.75	1.29
Weighted average shares, basic millions of shares	126	134	135	136	135	131
Weighted average shares, diluted millions of shares	142	143	144	143	140	135

Fiscal years (ENPH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	679	119	473	289	369	474
Marketable securities	0	897	1,140	1,406	1,253	1,039
Accounts receivable	182	334	441	446	224	230
Inventory	42	74	150	214	165	288
Prepaid and other current assets	30	38	61	89	221	576
Total current assets	933	1,462	2,264	2,444	2,327	2,607
Property and equipment, net	43	82	111	168	148	137
Right-of-use asset	18	14	21	20	25	35
Goodwill	25	181	214	215	212	215
Total assets	1,200	2,079	3,084	3,383	3,250	3,510
Accounts payable	73	114	125	116	90	203
Accrued liabilities	77	158	296	262	197	217
Current portion of long-term debt	326	86	91	0	101	632
Total current liabilities	534	440	638	532	660	1,262
Long-term debt	5	952	1,199	1,294	1,201	572
Lease liability, non-current	15	12	19	19	23	31
Total liabilities	716	1,649	2,259	2,399	2,417	2,423
Retained earnings (accumulated deficit)	(51)	(406)	17	46	(245)	(204)
Total stockholders' equity	484	430	826	984	833	1,087
Total liabilities and equity	1,200	2,079	3,084	3,383	3,250	3,510
Common shares outstanding (cover page) millions of shares	129	134	136	136	132	131

Fiscal years (ENPH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	134	145	397	439	103	172
Stock-based compensation	43	114	217	213	211	214
Depreciation and amortization	18	32	59	75	81	81
Net cash from operating activities	216	352	745	697	514	137
Purchases of property and equipment	21	52	46	110	34	41
Net cash from investing activities	(26)	(1,220)	(372)	(366)	128	107
Proceeds from issuing common stock	0	—	—	—	—	—
Share repurchases	0	500	0	410	391	130
Proceeds from long-term debt	0	—	—	—	—	—
Repayments of long-term debt	3	2	0	0	0	102
Net cash from financing activities	192	309	(17)	(517)	(460)	(242)
Net change in cash	383	(560)	354	(184)	175	10

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Enphase Energy	380	293	0.1*	132.3M	Q3 FY26 10-QSep 30, 2026
Impinj	39	112	26*	30.9M	Q3 FY26 10-QSep 30, 2026
Plexus	314	1.3	26*	26.7M	Q3 FY26 10-QJul 4, 2026
Lattice Semiconductor	128	291	95*	142.2M	Q3 FY26 10-QOct 3, 2026
Solaredge Technologies	527	346	11*	61.5M	Q2 FY26 10-QJun 30, 2026
Allegro Microsystems	193	277	37*	186.5M	Q2 FY27 10-QSep 25, 2026
Diodes	430	446	68*	46.1M	Q2 FY26 10-QJun 30, 2026
Amkor Technology	1,603	1,991	487*	247.8M	Q3 FY26 10-QSep 30, 2026
Power Integrations	71	119	22*	55.9M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.