ENPH
Income statement / Annual
Last year (2025), Enphase Energy Inc's total revenue was $1.47 B,
an increase of 10.72% from the previous year.
In 2025, Enphase Energy Inc's net income was $172.13 M.
See Enphase Energy Inc,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$1.47 B |
$1.33 B |
$2.29 B |
$2.33 B |
$1.38 B |
$774.43 M |
$624.33 M |
$316.16 M |
$286.17 M |
$322.59 M |
| Cost of Revenue |
$785.98 M
|
$701.25 M
|
$1.23 B
|
$1.36 B
|
$827.63 M
|
$428.44 M
|
$403.09 M
|
$221.71 M
|
$230.12 M
|
$264.58 M
|
| Gross Profit |
$687.00 M
|
$629.14 M
|
$1.06 B
|
$974.60 M
|
$554.42 M
|
$345.98 M
|
$221.25 M
|
$94.45 M
|
$56.04 M
|
$58.01 M
|
| Gross Profit Ratio |
0.47
|
0.47
|
0.46
|
0.42
|
0.4
|
0.45
|
0.35
|
0.3
|
0.2
|
0.18
|
| Research and Development Expenses |
$189.08 M
|
$201.32 M
|
$227.34 M
|
$168.85 M
|
$105.53 M
|
$55.92 M
|
$40.38 M
|
$32.59 M
|
$33.16 M
|
$50.70 M
|
| General & Administrative Expenses |
$135.77 M
|
$130.83 M
|
$137.84 M
|
$140.00 M
|
$104.09 M
|
$50.69 M
|
$38.81 M
|
$29.09 M
|
$22.22 M
|
$27.42 M
|
| Selling & Marketing Expenses |
$197.51 M
|
$206.55 M
|
$231.79 M
|
$215.10 M
|
$128.97 M
|
$52.93 M
|
$36.73 M
|
$27.05 M
|
$23.13 M
|
$38.81 M
|
| Selling, General & Administrative Expenses |
$333.27 M
|
$337.38 M
|
$369.63 M
|
$355.10 M
|
$233.06 M
|
$103.62 M
|
$75.54 M
|
$56.13 M
|
$45.35 M
|
$66.23 M
|
| Other Expenses |
$0.00
|
$13.15 M
|
$15.68 M
|
$2.38 M
|
$0.00
|
$0.00
|
$2.60 M
|
$4.13 M
|
$16.92 M
|
$3.78 M
|
| Operating Expenses |
$522.35 M
|
$551.85 M
|
$612.65 M
|
$526.33 M
|
$338.59 M
|
$159.54 M
|
$118.52 M
|
$92.85 M
|
$95.42 M
|
$120.71 M
|
| Cost And Expenses |
$1.31 B
|
$1.25 B
|
$1.85 B
|
$1.88 B
|
$1.17 B
|
$587.99 M
|
$521.60 M
|
$314.56 M
|
$325.54 M
|
$385.29 M
|
| Interest Income |
$62.72 M
|
$77.31 M
|
$69.73 M
|
$13.66 M
|
$695.00 K
|
$2.16 M
|
$2.51 M
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$4.52 M
|
$8.91 M
|
$8.84 M
|
$9.44 M
|
$45.15 M
|
$21.00 M
|
$9.69 M
|
$9.64 M
|
$7.94 M
|
$2.77 M
|
| Depreciation & Amortization |
$80.65 M
|
$81.39 M
|
$74.71 M
|
$58.78 M
|
$30.85 M
|
$18.10 M
|
$14.12 M
|
$9.67 M
|
$9.00 M
|
$10.64 M
|
| EBITDA |
$289.98 M |
$210.45 M |
$596.69 M |
$520.26 M |
$196.93 M |
$158.51 M |
$113.92 M |
$10.13 M |
-$28.13 M |
-$52.58 M |
| EBITDA Ratio |
0.2
|
0.16
|
0.26
|
0.22
|
0.14
|
0.2
|
0.18
|
0.03
|
-0.1
|
-0.16
|
| Operating Income Ratio |
0.11
|
0.06
|
0.19
|
0.19
|
0.16
|
0.24
|
0.16
|
0.01
|
-0.14
|
-0.19
|
| Total Other Income/Expenses Net |
$40.16 M
|
$42.87 M
|
$67.40 M
|
$3.79 M
|
-$94.90 M
|
-$67.03 M
|
-$12.62 M
|
-$11.83 M
|
-$5.96 M
|
-$3.29 M
|
| Income Before Tax |
$204.81 M
|
$120.16 M
|
$513.14 M
|
$452.05 M
|
$120.93 M
|
$119.41 M
|
$90.11 M
|
-$10.23 M
|
-$45.34 M
|
-$65.99 M
|
| Income Before Tax Ratio |
0.14
|
0.09
|
0.22
|
0.19
|
0.09
|
0.15
|
0.14
|
-0.03
|
-0.16
|
-0.2
|
| Income Tax Expense |
$32.68 M
|
$17.50 M
|
$74.20 M
|
$54.69 M
|
-$24.52 M
|
-$14.59 M
|
-$71.03 M
|
$1.40 M
|
-$149.00 K
|
$1.48 M
|
| Net Income |
$172.13 M
|
$102.66 M
|
$438.94 M
|
$397.36 M
|
$145.45 M
|
$134.00 M
|
$161.15 M
|
-$11.63 M
|
-$45.19 M
|
-$67.46 M
|
| Net Income Ratio |
0.12
|
0.08
|
0.19
|
0.17
|
0.11
|
0.17
|
0.26
|
-0.04
|
-0.16
|
-0.21
|
| EPS |
1.31 |
0.76 |
3.22 |
2.94 |
1.09 |
1.07 |
1.38 |
-0.12 |
-0.54 |
-1.34 |
| EPS Diluted |
1.29 |
0.75 |
3.08 |
2.77 |
1.02 |
0.95 |
1.23 |
-0.12 |
-0.54 |
-1.34 |
| Weighted Average Shares Out |
$131.16 M
|
$135.17 M
|
$136.38 M
|
$135.35 M
|
$134.03 M
|
$125.56 M
|
$116.71 M
|
$96.89 M
|
$82.94 M
|
$50.52 M
|
| Weighted Average Shares Out Diluted |
$134.89 M
|
$140.00 M
|
$143.29 M
|
$144.39 M
|
$142.88 M
|
$141.92 M
|
$131.64 M
|
$99.62 M
|
$82.94 M
|
$50.52 M
|
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