ENPH
Enphase Energy, Inc.
Stock
$33.47+0.65 (+1.98%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.5B | $1.3B | $2.3B | $2.3B | $1.4B | $774M | $624M | $316M | $286M | $323M |
| Cost of revenue | $705M | $786M | $701M | $1.2B | $1.4B | $828M | $428M | $403M | $222M | $230M | $265M |
| Gross profit | $624M | $687M | $629M | $1.1B | $975M | $554M | $346M | $221M | $94M | $56M | $58M |
| R&D | $184M | $189M | $201M | $227M | $169M | $106M | $56M | $40M | $33M | $33M | $51M |
| SG&A | $324M | $333M | $337M | $370M | $355M | $233M | $104M | $76M | $56M | $45M | $66M |
| Other operating expenses | $5.4M | $7.1M | $13M | $16M | $2.4M | — | — | $2.6M | $4.1M | $17M | $3.8M |
| Operating income | $110M | $158M | $77M | $446M | $448M | $216M | $186M | $103M | $1.6M | −$39M | −$63M |
| Non-operating income | $53M | $47M | $43M | $67M | $3.8M | −$95M | −$67M | −$13M | −$12M | −$6.0M | −$3.3M |
| Pretax income | $164M | $205M | $120M | $513M | $452M | $121M | $119M | $90M | −$10M | −$45M | −$66M |
| Taxes | $30M | $33M | $18M | $74M | $55M | −$25M | −$15M | −$71M | $1.4M | −$149K | $1.5M |
| Net income | $134M | $172M | $103M | $439M | $397M | $145M | $134M | $161M | −$12M | −$45M | −$67M |
| Diluted EPS | $1.00 | $1.29 | $0.75 | $3.08 | $2.77 | — | — | — | — | — | — |
| Diluted shares | — | 134.9M | 140.0M | 143.3M | 144.4M | 142.9M | 141.9M | 131.6M | 99.6M | 82.9M | 50.5M |
| Revenue growth | — | +10.7% | −41.9% | −1.7% | +68.7% | +78.5% | +24.0% | +97.5% | +10.5% | −11.3% | — |
| Gross margin | 46.9% | 46.6% | 47.3% | 46.2% | 41.8% | 40.1% | 44.7% | 35.4% | 29.9% | 19.6% | 18.0% |
| Operating margin | 8.3% | 10.7% | 5.8% | 19.5% | 19.2% | 15.6% | 24.1% | 16.5% | 0.5% | −13.8% | −19.4% |
| Net margin | 10.1% | 11.7% | 7.7% | 19.2% | 17.0% | 10.5% | 17.3% | 25.8% | −3.7% | −15.8% | −20.9% |