Enphase Energy, Inc.

Enphase Energy, Inc.

31.55
USD
+1.13
(+3.71%)
0.68EPS
47.84P/E
4.36BMarket Cap
Feb 09Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.59
8.02
8
6.39
3.45
3.17
5.35
6.17
10.31
17.22
16.8
9.84
11.23
9.2
Basic EPS, GAAP
-0.62
-0.19
-0.49
-1.34
-0.54
-0.12
1.38
1.07
1.09
2.94
3.22
0.76
1.31
0.69
Free Cash Flow per Basic Share
-0.17
0.24
-0.76
-0.91
-0.39
0.12
1.06
1.56
2.23
5.16
4.3
3.55
0.73
1.03
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.95
1.07
0.9
0.02
-0.11
0.07
2.21
3.75
3.21
6.05
7.25
6.29
8.29
9.39
Tangible Book Value per Share
0.95
0.95
0.77
-0.05
-0.15
-0.49
1.76
3.34
1.13
3.76
5.16
4.37
6.48
7.71
Basic Weighted Avg Shares
42
43
45
51
83
100
117
126
134
135
136
135
131
132
Sales/Revenue/Turnover
233
344
357
323
286
316
624
774
1,382
2,331
2,291
1,330
1,473
1,211
Operating Margin (%)
-9.52
-1.29
-5.4
-18.27
-7.85
1.81
16.87
24.07
15.62
19.33
20.14
6.8
11.18
4.53
Depreciation Expense
7
8
11
11
9
10
14
18
31
59
75
81
81
82
Net Income, GAAP
-26
-8
-22
-67
-45
-12
161
134
145
397
439
103
172
91
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
12.1
14.46
14.56
15.96
- -
Profit Margin (%)
-11.13
-2.34
-6.18
-20.91
-15.79
-3.68
25.81
17.3
10.52
17.05
19.16
7.72
11.69
7.49
Working Capital
57
56
49
35
39
75
300
399
1,023
1,626
1,911
1,667
1,345
1,423
LT Debt
5
- -
- -
21
32
82
103
5
952
1,199
1,294
1,201
572
573
Total Equity
40
47
41
1
-9
8
272
484
430
826
984
833
1,087
1,242
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
21.69
17.14
2.98
5.91
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
22.58
20.28
4.99
7.92
- -
Return on Common Equity (%)
-53.51
-18.48
-49.96
-315.62
- -
- -
115.11
35.44
31.82
63.29
48.52
11.3
17.93
8.12

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
9
9
9
LT Borrowings
573
573
573
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
132
132
132
Market Capitalization
4,983
6,506
4,365

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
1,830
1,951
1,883
Cash, Cash Equivalents & STI
931
938
932
Accounts Receivable, Net
197
274
250
Inventories
291
285
244
Total Current Liabilities
482
565
460
Payables & Accruals
300
304
254
ST Debt
9
9
9
Deferred Revenue
144
224
171

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
250.95%
23.02%
30.49%
Free Cash Flow
93.61%
14.39%
-80.02%
Net Income, GAAP
-122.13%
36.66%
67.68%
Sales/Revenue/Turnover
22.52%
22.84%
10.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
263
303
381
383
1,330
2025
356
363
410
343
1,473
2026
283
292
293
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.12
0.08
0.34
0.46
0.76
2025
0.23
0.28
0.51
0.3
1.31
2026
-0.06
0.27
0.18
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Badrinarayanan Kothandaraman
Full Time Employees
2,872
Sector
Producer manufacturing
Industry
Electrical products
Address
47281 Bayside Parkway Fremont CA United States 94538
IPO Date
Mar 30, 2012
Business
Enphase Energy, Inc. (ENPH) designs, develops, and sells home energy solutions, including microinverters, batteries, energy management systems, and related software platforms that enable solar energy generation, storage, and consumption for residential, commercial, and utility-scale customers worldwide. The company's core products and services encompass IQ Microinverters for panel-level power optimization; IQ Batteries such as IQ Battery 5P for whole-home backup and IQ Battery Flex for flexible modular storage; Encharge storage systems; IQ Load Controller for smart load management; IQ Gateway and IQ Combiner for system monitoring; Enlighten software for real-time energy monitoring and management; and commercial offerings like IQ8 Microinverters and IQ System Controllers tailored for business and industrial applications. These solutions focus on distributed energy generation, emphasizing reliability, scalability, and grid independence across the United States, Europe, Australia, and Asia-Pacific regions. Founded in 2006 and headquartered in Fremont, California, Enphase operates in the renewable energy sector, primarily targeting homeowners, small businesses, solar installers, and utilities seeking clean energy alternatives to fossil fuels. The company serves diverse customer segments through a network of certified installers and partners, with manufacturing facilities and R&D centers supporting its global footprint in over 130 countries. In recent developments, Enphase launched the IQ Battery 5P in 2024, featuring higher capacity and faster installation for residential backup, alongside expansions in commercial IQ8H microinverters for high-power solar projects. The company announced strategic partnerships with leading solar panel manufacturers and utilities for integrated IQ ecosystem deployments, and completed a $500 million funding round in late 2024 to accelerate battery production scaling amid surging demand for energy storage. Additionally, Enphase reorganized its European operations in early 2025 to streamline supply chains post-tariff adjustments, enhancing competitiveness in key markets like the UK and Germany.

Company News

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