Enphase Energy financials
$31.83+2.98%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291.9M | $295.5M | $343.3M | $410.4M | $363.2M | $373.1M | $382.7M | $380.9M | $322.7M | $263.3M | $302.6M | $551.1M |
| Gross profit | $175.0M | $113.0M | $152.0M | $196.2M | $170.5M | $185.3M | $198.3M | $178.2M | $156.4M | $115.5M | $146.7M | $262.0M |
| Gross margin | 60.0% | 38.2% | 44.3% | 47.8% | 46.9% | 49.7% | 51.8% | 46.8% | 48.5% | 43.9% | 48.5% | 47.5% |
| Operating income | $51.5M | -$17.0M | $22.4M | $66.2M | $37.0M | $49.0M | $54.8M | $49.8M | $21.0M | -$29.1M | -$10.2M | $118.0M |
| Net income | $36.1M | -$7.4M | $38.7M | $66.6M | $37.1M | $29.7M | $62.2M | $45.8M | $10.8M | -$16.1M | $20.9M | $114.0M |
| Net margin | 12.4% | −2.5% | 11.3% | 16.2% | 10.2% | 8.0% | 16.2% | 12.0% | 3.4% | −6.1% | 6.9% | 20.7% |
| Diluted EPS | $0.27 | $-0.06 | $0.29 | $0.50 | $0.28 | $0.22 | $0.42 | $0.33 | $0.08 | $-0.12 | $0.15 | $0.80 |
| EBITDA | $72.7M | $7.6M | $42.2M | $87.7M | $60.4M | $72.0M | $84.9M | $70.6M | $42.7M | -$7.1M | $4.6M | $137.4M |
| Operating cash flow | $40.3M | $102.9M | $47.6M | $13.9M | $26.6M | $48.4M | $167.3M | $170.1M | $127.1M | $49.2M | $35.5M | $145.9M |
| Free cash flow | $25.9M | $83.0M | $37.8M | $5.9M | $18.4M | $33.8M | $159.2M | $161.6M | $117.4M | $41.8M | $15.4M | $122.0M |
| Diluted shares | 135.1M | 131.3M | 135.1M | 133.0M | 135.2M | 136.2M | 148.1M | 139.9M | 136.1M | 135.9M | 138.2M | 143.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $529.3M | $497.5M | $474.3M | $401.9M | $370.5M | $350.1M |
| Short-term investments | $408.4M | $433.1M | $1.04B | $1.08B | $1.16B | $1.12B |
| Total debt | $572.8M | $572.5M | $1.20B | $1.20B | $1.20B | $1.20B |
| Total assets | $2.92B | $2.72B | $3.51B | $3.32B | $3.18B | $3.11B |
| Total liabilities | $1.74B | $1.62B | $2.42B | $2.33B | $2.30B | $2.30B |
| Shareholders' equity | $1.18B | $1.10B | $1.09B | $995.0M | $880.6M | $810.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology