Enphase Energy, Inc.

ENPH 10-Q · Q1 2026

ENPH Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue (Q) — — —
Show Business Segments breakouts
Reportable Segment 282,900 356,084 -20.6%
Show Geography breakouts
Non Us 48,995 92,846 -47.2%
US 233,905 263,238 -11.1%
Show — breakouts
Revenue 282,900 356,084 -20.6%
Show Timing Of Transfer Of Good Or Service breakouts
Transferred At Point In Time 253,982 322,886 -21.3%
Transferred Over Time 28,918 33,198 -12.9%
Cost of Revenue (Q) — — —
Show — breakouts
Cost of Revenue 182,507 187,843 -2.8%
Gross Profit (Q) — — —
Show — breakouts
Gross Profit 100,393 168,241 -40.3%
Research & Development (Q) — — —
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Research & Development 44,867 50,174 -10.6%
Sales & Marketing (Q) — — —
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Sales & Marketing 48,087 48,948 -1.8%
General & Administrative (Q) — — —
Show — breakouts
General & Administrative 33,255 34,035 -2.3%
Operating Expenses (Q) — — —
Show — breakouts
Operating Expenses 130,036 136,319 -4.6%
Operating Income (Q) — — —
Show Business Segments breakouts
Reportable Segment -29,643 31,922 -192.9%
Show — breakouts
Operating Income -29,643 31,922 -192.9%
Non-Operating Income (Expense) (Q) — — —
Show Business Segments breakouts
Reportable Segment 15,783 14,971 +5.4%
Show — breakouts
Non-Operating Income (Expense) 15,783 14,971 +5.4%
Interest Expense (Q) — — —
Show — breakouts
Interest Expense 633 2,047 -69.1%
Other Non-Operating Income (Expense) (Q) — — —
Show — breakouts
Other Non-Operating Income (Expense) 3,791 -14 +27178.6%
Income Before Taxes (Q) — — —
Show Business Segments breakouts
Reportable Segment -13,860 46,893 -129.6%
Show — breakouts
Income Before Taxes -13,860 46,893 -129.6%
Income Tax Expense (Benefit) (Q) — — —
Show Business Segments breakouts
Reportable Segment -6,454 17,163 -137.6%
Show — breakouts
Income Tax Expense (Benefit) -6,454 17,163 -137.6%
Net Income (Q) — — —
Show Business Segments breakouts
Reportable Segment -7,406 29,730 -124.9%
Show Equity Components breakouts
Retained Earnings -7,406 29,730 -124.9%
Show — breakouts
Net Income -7,406 29,730 -124.9%
Comprehensive Income (Q) — — —
Show — breakouts
Comprehensive Income -14,976 34,472 -143.4%
EPS (Basic) (Q) — — —
Show — breakouts
EPS (Basic) -0.06 0.23 -126.1%
EPS (Diluted) (Q) — — —
Show — breakouts
EPS (Diluted) -0.06 0.22 -127.3%
Wtd Avg Shares (Basic) (Q) — — —
Show — breakouts
Wtd Avg Shares (Basic) 131,337 131,869 -0.4%
Wtd Avg Shares (Diluted) (Q) — — —
Show — breakouts
Wtd Avg Shares (Diluted) 131,337 136,208 -3.6%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
Show — breakouts
Cash & Cash Equivalents 497,546 350,077 +42.1%
Marketable Securities (Current) (Q) — — —
Show — breakouts
Marketable Securities (Current) 433,095 1,116,780 -61.2%
Accounts Receivable (Q) — — —
Show — breakouts
Accounts Receivable 196,578 225,625 -12.9%
Inventory (Q) — — —
Show — breakouts
Inventory 290,701 144,025 +101.8%
Prepaid Expenses & Other Current Assets (Q) — — —
Show — breakouts
Prepaid Expenses & Other Current Assets 412,351 295,725 +39.4%
Total Current Assets (Q) — — —
Show — breakouts
Total Current Assets 1,830,271 2,197,245 -16.7%
Non-Current Assets
Property, Plant & Equipment (Q) — — —
Show — breakouts
Property, Plant & Equipment 138,873 142,219 -2.4%
Operating Lease Right-of-Use Assets (Q) — — —
Show — breakouts
Operating Lease Right-of-Use Assets 34,800 27,949 +24.5%
Goodwill (Q) — — —
Show — breakouts
Goodwill 213,744 212,359 +0.7%
Intangible Assets (Q) — — —
Show — breakouts
Intangible Assets 17,276 37,122 -53.5%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 7,596 13,799 -45.0%
Developed Technology Rights 4,100 10,221 -59.9%
Trade Names 5,580 13,102 -57.4%
Deferred Tax Assets (Q) — — —
Show — breakouts
Deferred Tax Assets 311,767 305,408 +2.1%
Other Non-Current Assets (Q) — — —
Show — breakouts
Other Non-Current Assets 211,706 211,447 +0.1%
Total Assets (Q) — — —
Show — breakouts
Total Assets 2,723,923 3,106,086 -12.3%
Current Liabilities
Accounts Payable (Q) — — —
Show — breakouts
Accounts Payable 113,462 115,374 -1.7%
Accrued Liabilities (Q) — — —
Show — breakouts
Accrued Liabilities 195,584 212,169 -7.8%
Deferred Revenue (Current) (Q) — — —
Show — breakouts
Deferred Revenue (Current) 144,325 167,771 -14.0%
Total Current Liabilities (Q) — — —
Show — breakouts
Total Current Liabilities 481,783 1,159,289 -58.4%
Non-Current Liabilities
Long-Term Debt (Q) — — —
Show Debt Instrument breakouts
Convertible Senior Notes Due2028 · Convertible Notes Payable 572,510 571,214 +0.2%
Show — breakouts
Long-Term Debt 572,510 1,201,891 -52.4%
Long-Term Debt (Q) — — —
Show — breakouts
Long-Term Debt 572,510 571,214 +0.2%
Operating Lease Liabilities (Q) — — —
Show — breakouts
Operating Lease Liabilities 31,014 26,560 +16.8%
Other Non-Current Liabilities (Q) — — —
Show — breakouts
Other Non-Current Liabilities 65,252 61,032 +6.9%
Total Liabilities (Q) — — —
Show — breakouts
Total Liabilities 1,621,571 2,295,388 -29.4%
Contract With Customer Liability Noncurrent (Q) — — —
Show — breakouts
Contract With Customer Liability Noncurrent 326,231 333,704 -2.2%
Stockholders' Equity
Common Stock (Q) — — —
Show — breakouts
Common Stock 1 1 0.0%
Additional Paid-In Capital (Q) — — —
Show — breakouts
Additional Paid-In Capital 1,319,469 1,128,163 +17.0%
Retained Earnings (Q) — — —
Show — breakouts
Retained Earnings -211,302 -315,856 +33.1%
Accumulated Other Comprehensive Income (Q) — — —
Show — breakouts
Accumulated Other Comprehensive Income -5,816 -1,610 -261.2%
Total Stockholders' Equity (Q) — — —
Show Equity Components breakouts
Accumulated Other Comprehensive Income -5,816 -1,610 -261.2%
Common Stock Including Additional Paid In Capital 1,319,470 1,128,164 +17.0%
Retained Earnings -211,302 -315,856 +33.1%
Show — breakouts
Total Stockholders' Equity 1,102,352 810,698 +36.0%
Total Liabilities & Equity (Q) — — —
Show — breakouts
Total Liabilities & Equity 2,723,923 3,106,086 -12.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization (Q) — — —
Show — breakouts
Depreciation & Amortization 20,815 19,915 +4.5%
Stock-Based Compensation (Q) — — —
Show — breakouts
Stock-Based Compensation 48,991 55,633 -11.9%
Change in Accounts Receivable (Q) — — —
Show — breakouts
Change in Accounts Receivable -41,555 -1,760 -2261.1%
Change in Inventory (Q) — — —
Show — breakouts
Change in Inventory 2,654 -20,979 +112.7%
Change in Deferred Revenue (Q) — — —
Show — breakouts
Change in Deferred Revenue -45,084 -82,357 +45.3%
Change in Prepaid & Other Assets (Q) — — —
Show — breakouts
Change in Prepaid & Other Assets -155,340 75,553 -305.6%
Net Cash from Operations (Q) — — —
Show — breakouts
Net Cash from Operations 102,871 48,414 +112.5%
Investing Activities
Capital Expenditures (Q) — — —
Show — breakouts
Capital Expenditures 19,898 14,608 +36.2%
Net Cash from Investing (Q) — — —
Show — breakouts
Net Cash from Investing 576,383 113,060 +409.8%
Financing Activities
Tax Withholding for Share Compensation (Q) — — —
Show — breakouts
Tax Withholding for Share Compensation 18,686 12,110 +54.3%
Amortization of Financing Costs (Q) — — —
Show Debt Instrument breakouts
Convertible Senior Notes Due2026 · Convertible Notes Payable 317 485 -34.6%
Convertible Senior Notes Due2028 · Convertible Notes Payable 316 316 0.0%
Net Cash from Financing (Q) — — —
Show — breakouts
Net Cash from Financing -651,186 -214,175 -204.0%
Supplemental
Unpaid Capital Expenditures (Q) — — —
Show — breakouts
Unpaid Capital Expenditures 12,044 4,207 +186.3%
Other Cash Flow
Net Change in Cash (Q) — — —
Show — breakouts
Net Change in Cash 23,228 -49,026 +147.4%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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