Company Analysis
Sign in

Enphase Energy, Inc. (ENPH)

Nasdaq: ENPH · Semiconductors & Related Devices · Fremont, CA · filing with the SEC since 2009
Full chart Alerts Compare
Grade5.2
◀ Past 5.3● Present 5.8▶ Future 4.2
OverviewBusinessFinancialsGradeForecastSentimentOwnershipPeopleFilingsPatents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 17, 2026Feb 10, 2025Feb 9, 2024Feb 13, 2023Feb 11, 2022Feb 16, 2021Feb 21, 2020Mar 15, 2019Apr 2, 2018Mar 16, 2017
Revenue1,472,9851,330,3832,290,7862,330,8531,382,049774,425624,333316,159286,166322,591
Cost of revenue785,981701,2451,232,3981,356,258827,627428,444403,088221,714230,123264,583
Gross profit687,004629,1381,058,388974,595554,422345,981221,24594,44556,04358,008
Research and development189,075201,315227,336168,846105,52655,92140,38132,58733,15750,703
Sales and marketing197,505206,552231,792215,102128,97452,92736,72827,04723,12638,810
General and administrative135,767130,825137,835140,002104,09050,69438,80829,08622,22127,418
Total operating expenses529,478551,846612,647526,334338,590159,542118,51692,84995,421120,708
Operating income157,52677,292445,741448,261215,832186,439102,7291,596-39,378·
Interest expense4,5218,9058,8399,43845,15221,0019,69110,6938,212r2,773
Other income (expense), net-10,913-25,5346,509-4316,050-799r-5,437-2,1901,973-514
Total non-operating income (expense)47,28842,86767,3983,787-94,904-67,029-12,615-11,825-5,963-3,287
Income before income taxes204,814120,159513,139452,048120,928119,41090,114-10,229-45,341-65,987
Income tax expense32,68117,50174,20354,686-24,521-14,585-71,0341,398-1491,475
Income from continuing operations········-39,378-62,700
Net income172,133102,658438,936397,362145,449133,995161,148-11,627-45,192-67,462
Earnings per share, basic1.310.763.222.94······
Earnings per share, diluted1.290.753.082.77······
Weighted average shares, basic131,162135,167136,376135,349134,025125,561116,71399,61982,939·
Weighted average shares, diluted134,886140,004143,290144,390142,878141,918131,64499,61982,939·
Weighted average shares, basic and diluted·····125,561116,71399,61982,93950,519
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton ENPH · research, not advice