Enphase Energy, Inc.

Enphase Energy, Inc.

ENPH
Enphase Energy, Inc.US flagNASDAQ Global Market
54.59
USD
-0.34
- -
7.19BMarket Cap
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
10.68
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
1.03
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
1.11
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-3.67
-3.75
-4.1
-4.96
-3.57
-3.48
-1.59
-0.41
-3.03
0.13
0.34
-1.81
-1.55
-1.61
Tangible Book Value per Share
0.96
0.96
0.8
-0.07
-0.16
-0.53
1.86
3.43
1.13
3.79
5.14
4.28
6.48
6.65
Basic Weighted Avg Shares
42
43
45
51
83
100
117
126
134
135
136
135
131
131
Sales/Revenue/Turnover
233
344
357
323
286
316
624
774
1,382
2,331
2,291
1,330
1,473
1,400
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
7.41
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
135
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
12.1
14.46
14.56
15.96
6.29
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
9.64
Working Capital
57
56
49
35
39
75
300
399
1,023
1,626
1,911
1,667
1,345
1,348
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
1,102
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
21.8
17.75
3.48
6.18
5.2
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
41.63
33.59
9.16
16.98
21.86
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,380.08
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
637
640
9
LT Borrowings
572
572
573
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
131
131
132
Market Capitalization
4,667
4,204
4,954

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,392
2,607
1,830
Cash, Cash Equivalents & STI
1,478
1,513
931
Accounts Receivable, Net
266
230
197
Inventories
189
288
291
Total Current Liabilities
1,171
1,262
482
Payables & Accruals
391
412
300
ST Debt
637
640
9
Deferred Revenue
111
181
144

Growth Rates

FRC

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

FRC

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

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
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

Company Description

MCPAPIChat
CEO
Badrinarayanan Kothandaraman
Full Time Employees
2,781
Sector
Energy
Industry
Solar
Address
47281 Bayside Parkway Fremont CA United States of America 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

MCPAPIChat
  • Enphase Energy Launches IQ9N Microinverters with GaN Technology Across Europe

  • Enphase Energy (ENPH) Dips More Than Broader Market: What You Should Know

  • Clean Energy Stocks Are Trending — Here's Why

  • Investors Heavily Search Enphase Energy, Inc. (ENPH): Here is What You Need to Know

  • Enphase Energy (ENPH) Registers a Bigger Fall Than the Market: Important Facts to Note

  • High Oil Prices Are Doing What Policy Never Could: It Is Making For Winning Comeback Stories

  • Solar's Most Hated Year Became Its Best Five Months. The Setup That Explains the 120% Gain.

  • iShares Clean Energy or Invesco Solar: Which Energy ETF Is a Better Bet?

  • Enphase Energy Inc (ENPH) Shares Fall 6.8% -- GF Value Says Still Overvalued

  • Wall Street Week Ahead

  • Enphase Energy (ENPH) Up 125.3% Since Last Earnings Report: Can It Continue?

  • Stock Of The Day: Is Enphase Energy In A Short Squeeze?

  • Enphase Energy Inc (ENPH) Stock Up 5.0% but GF Value Says Overvalued -- GF Score: 78/100

  • 3 Solar Stocks Offering Opportunity Despite Ongoing Industry Weakness

  • Enphase Energy Shares Climb On Push Into Next-Gen Power Electronics

  • Enphase Energy Inc (ENPH) Stock Up 4.5% but GF Value Says Overvalued -- GF Score: 79/100

  • Enphase Energy, Inc. (ENPH) is Attracting Investor Attention: Here is What You Should Know

  • Enphase Energy Publishes Technical White Paper on GaN Technology for Next-Generation Distributed Power Electronics

  • Goldman Sachs Lifts Enphase Price Target to $57: Is the Residential Solar Trade Back On?

  • Enphase Energy Inc (ENPH) Shares Fall 6.0% -- What GF Score of 75 Tells Investors