ENPH - NASDAQ

Enphase Energy, Inc.

ENPH·NASDAQ

$69.02

+8.3%

EnergySolar

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$9.10B

EPS1.3100

P/E Ratio52.69

Earnings Date07/28/2026

3.51B

Assets

3Y+14.0%

5Y+192.0%

10Y+2046.0%

2.42B

Total Liabilities

3Y+7.0%

5Y+238.0%

10Y+1393.0%

1.09B

Total Equity

30%

3Y+32.0%

5Y+125.0%

10Y+83517.0%

Enphase Energy, Inc. Funding & Solvency Profile

ENPH · NASDAQ

Current Assets

Cash & Cash Equivalents474.32M

Net Receivables229.88M

Inventory288.05M

Other Current Assets0.00

Total Current Assets3 B

Non-Current Assets

Property, Plant & Equipment136.80M

Goodwill & Intangible Assets237.05M

Long-Term Investments0.00

Other Non-Current Assets529.08M

Total Non-Current Assets666 M

Total Assets

3.51B

Financial Health Analysis

Current Ratio

2.07x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

2.23x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

1 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

74% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

Enphase Energy, Inc. Balance Sheet

ENPH • NASDAQ

Enphase Energy, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	474.3M	369.1M	288.7M	473.2M	119.3M	679.4M	251.4M	106.2M	29.1M	17.8M	28.5M	42M	38.2M	45.3M	51.5M	40M	8.6M
Short-Term Investments	1B	1.3B	1.4B	1.1B	897.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	1.5B	1.6B	1.7B	1.6B	1B	679.4M	251.4M	106.2M	29.1M	17.8M	28.5M	42M	38.2M	45.3M	51.5M	40M	8.6M
Net Receivables	229.9M	223.7M	446M	440.9M	333.6M	200M	145.4M	78.9M	65.3M	61M	46.1M	45.1M	32.1M	27.7M	17.8M	8M	6.4M
Accounts Receivables	229.9M	223.7M	446M	440.9M	333.6M	200M	145.4M	78.9M	65.3M	61M	46.1M	45.1M	32.1M	27.7M	17.8M	8M	6.4M
Inventory	288M	165M	213.6M	149.7M	74.4M	41.8M	32.1M	16.3M	26M	32M	40.8M	21.6M	16.6M	19.8M	11.2M	4.5M	1.5M
Prepaids	576.1M	0.0	40.2M	0.0	37.8M	0.0	26.1M	7.3M	10M	7.1M	6.3M	6.1M	3.7M	2.1M	1.3M	418K	189K
Other Current Assets	0.0	315.7M	48.7M	60.8M	0.0	11.9M	44.7M	20.9M	10M	7.1M	86K	76K	3.7M	2.1M	0.0	0.0	0.0
Total Current Assets	2.6B	2.3B	2.4B	2.3B	1.5B	933.1M	499.7M	222.3M	130.4M	117.9M	121.8M	114.9M	90.5M	95M	81.8M	53M	16.7M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	136.8M	172.1M	188.1M	132.7M	96.6M	60.7M	39.1M	21M	26.5M	31.4M	32.1M	30.8M	24.9M	25.5M	18.4M	6.1M	3.9M
Goodwill	214.8M	211.6M	214.6M	213.6M	181.3M	24.8M	24.8M	24.8M	3.7M	3.7M	3.7M	3.7M	0.0	0.0	0.0	0.0	0.0
Intangible Assets	22.3M	42.4M	68.5M	99.5M	97.8M	28.8M	30.6M	35.3M	515K	945K	2.2M	1.8M	3.9M	2.5M	0.0	0.0	0.0
Goodwill & Intangible Assets	237M	254M	283.1M	313.1M	279M	53.6M	55.4M	60.1M	4.2M	4.6M	6M	5.6M	3.9M	2.5M	0.0	0.0	0.0
Long-Term Investments	0.0	0.0	0.0	157.8M	0.0	52M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Assets	0.0	315.6M	252.4M	204.9M	122.5M	92.9M	74.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	529.1M	180.9M	215.9M	11.5M	118.7M	7.9M	44.6M	36.5M	8M	9.7M	5.7M	916K	-2.6M	-728K	4.6M	445K	370K
Total Non-Current Assets	902.9M	922.6M	939.5M	820M	616.8M	267M	213.6M	117.6M	38.7M	45.7M	43.8M	37.3M	26.2M	27.3M	23M	6.5M	4.3M
Total Assets	3.5B	3.2B	3.4B	3.1B	2.1B	1.2B	713.2M	339.9M	169.1M	163.6M	165.5M	152.2M	116.7M	122.3M	104.8M	59.5M	20.9M
LIABILITIES
CURRENT LIABILITIES
Total Payables	203M	95M	124.7M	141.2M	121.3M	72.6M	57.5M	48.8M	28.7M	31.7M	25.6M	22.3M	7.4M	11.3M	12.9M	6.5M	4.6M
Accounts Payable	203M	90M	116.2M	125.1M	113.8M	72.6M	57.5M	48.8M	28.7M	31.7M	25.6M	22.3M	7.4M	11.3M	12.9M	6.5M	4.6M
Other Payables	0.0	5M	8.5M	16.1M	7.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Accrued Expenses	217.4M	186.1M	10.3M	18M	146.5M	6.6M	43.9M	4.1M	3.6M	4.2M	19.3M	26M	14.8M	19.3M	10.1M	2.9M	799K
Short Term Debt	632.2M	101.3M	5.2M	90.9M	86.1M	330.5M	2.9M	28.2M	17.4M	13.1M	17M	0.0	3.5M	2.4M	4.5M	2.6M	178K
Capital Lease Obligations (Current)	8.2M	5.8M	0.0	5.4M	3.8M	0.0	3.2M	0.0	0.0	0.0	0.0	0.0	-14.8M	-19.3M	-1.4M	0.0	0.0
Tax Payables	0.0	5M	11.8M	36M	7.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	237.2M	118.3M	90.7M	62.7M	47.7M	81.8M	33.1M	15.7M	6.4M	3.9M	2.7M	2.8M	933K	23.4M	595K	107K
Other Current Liabilities	201.4M	34.7M	273.9M	292M	19.4M	76.6M	10.1M	33M	26.3M	27.3M	7.1M	7.6M	4.9M	0.0	0.0	610K	0.0
Total Current Liabilities	1.3B	660.1M	532.4M	638.2M	439.8M	534M	199.3M	147.2M	91.7M	82.8M	72.8M	58.7M	33.4M	33.9M	51M	13.2M	5.7M
NON-CURRENT LIABILITIES
Long Term Debt	572.2M	1.2B	1.3B	1.2B	951.6M	4.9M	102.7M	81.6M	32.3M	20.8M	0.0	0.0	5.2M	8.7M	10.1M	4.3M	233K
Deferred Revenue (Non-Current)	337.9M	342M	369.2M	281.6M	187.2M	125.5M	100.2M	76.9M	29.9M	33.9M	25.1M	16.6M	11.3M	7.5M	3.7M	1M	175K
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	23.2M	22.4M	22.8M	0.0	0.0	25.5M	15.3M	0.0	0.0	0.0
Other Non-Current Liabilities	219.3M	190.5M	185.2M	120.3M	58.6M	36.5M	38.8M	26.5M	24.3M	24.8M	26.1M	29.9M	26.6M	15.6M	6.9M	2.4M	1.2M
Total Non-Current Liabilities	1.2B	1.8B	1.9B	1.6B	1.2B	182.1M	241.7M	185M	86.5M	79.5M	51.2M	46.5M	43.1M	31.8M	20.7M	7.8M	1.6M
Capital Lease Obligations	39.4M	28.9M	18.8M	24.4M	15.8M	15.2M	3.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	2.4B	2.4B	2.4B	2.3B	1.6B	716.1M	441M	332.2M	178.3M	162.3M	124.1M	105.2M	76.5M	65.6M	71.7M	21M	7.3M
SHAREHOLDERS' EQUITY
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	93.6M	47.9M
Common Stock	1K	1K	1K	1K	1K	1K	1K	1K	1K	1K	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Additional Paid-In Capital	1.3B	1.1B	939.3M	819.1M	837.9M	534.7M	458.3M	353.3M	287.3M	252.1M	224.7M	208M	192.9M	183.6M	9.1M	1.4M	509K
Retained Earnings	-203.9M	-245.2M	46.3M	17.3M	-405.7M	-51.2M	-185.2M	-346.3M	-295.7M	-250.5M	-183.1M	-161M	-152.9M	-127M	-91.8M	-56.5M	-34.7M
Accumulated Other Comprehensive Income/Loss	1.8M	-6.4M	-2M	-10.9M	-2M	434K	-923K	742K	-656K	-292K	-210K	-79K	229K	52K	83K	0.0	0.0
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	152.9M	0.0	0.0
Total Stockholders' Equity	1.1B	833M	983.6M	825.6M	430.2M	484M	272.2M	7.8M	-9.1M	1.3M	41.4M	47M	40.2M	56.7M	33.1M	38.5M	13.6M
Total Equity	1.1B	833M	983.6M	825.6M	430.2M	484M	272.2M	7.8M	-9.1M	1.3M	41.4M	47M	40.2M	56.7M	33.1M	38.5M	13.6M
SUMMARY
Total Liabilities & Equity	3.5B	3.2B	3.4B	3.1B	2.1B	1.2B	713.2M	339.9M	169.1M	163.6M	165.5M	152.2M	116.7M	122.3M	104.8M	59.5M	20.9M
Total Investments	1B	1.3B	1.4B	1.3B	897.3M	52M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Debt	1.2B	1.3B	1.3B	1.3B	1.1B	350.6M	108.7M	109.8M	49.8M	33.9M	17M	0.0	8.7M	11.1M	14.7M	6.9M	411K
Net Debt	769.5M	962.1M	1B	841.6M	934.1M	-328.8M	-142.7M	3.5M	20.6M	16.1M	-11.5M	-42M	-29.5M	-34.2M	-36.8M	-33.1M	-8.2M
Shares Outstanding	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214	130,859,214

SEC Filings

ENPH - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 15, 2026	May 13, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 28, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 06, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	April 01, 2026	December 31, 2025	2025	View Filing
10-K 10-K 2025 FY FY	February 17, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 03, 2026	February 03, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 23, 2026	January 20, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	October 28, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 28, 2025	October 28, 2025	2025	View Filing

Showing 1 to 10 of 241 filings

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