FY2025 · ended Dec 31, 2025 · Revenue $1.47B, +10.7% YoY · Filed Feb 17, 2026
Enphase Energy, Inc. (ENPH) files with the SEC under industry code 3674, Semiconductors & Related Devices. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.5 billion and net income of $172.1 million. Free cash flow was $95.9 million. As of Sep 30, 2026 it held $931.8 million in cash and investments and $614.6 million in total debt.
Revenue (TTM)
$1.21B
-19.9% vs year-ago TTM
Net income (TTM)
$90.77M
-53.6% vs year-ago TTM
Operating cash flow (TTM)
$190.86M
-25.5% vs year-ago TTM
Free cash flow (TTM)
$135.37M
-37.7% vs year-ago TTM
EPS (TTM)
$0.67
-52.9% vs year-ago TTM
Dividend per share
None
Shares outstanding
131.10M
-1.0% vs prior year
Net cash
$317.29M
as of Sep 30, 2026
Operating margin
4.2%
FY 2026
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- ENPH (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Fremont, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1463101
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $2.3B | $2.3B | $1.4B |
| Operating income | $157.5M | $77.3M | $445.7M | $448.3M | $215.8M |
| Net income | $172.1M | $102.7M | $438.9M | $397.4M | $145.4M |
| Diluted EPS | $1.29 | $0.75 | — | — | — |
| Operating cash flow | $136.5M | $513.7M | $696.8M | $744.8M | $352.0M |
| Free cash flow | $95.9M | $480.1M | $586.4M | $698.4M | $299.8M |
| Total assets | $3.5B | $3.2B | $3.4B | $3.1B | $2.1B |
| Total liabilities | $2.4B | $2.4B | $2.4B | $2.3B | $1.6B |
| Stockholders' equity | $1.1B | $833.0M | $983.6M | $825.6M | $430.2M |
| Cash and investments | $1.5B | $1.6B | $1.7B | $1.6B | $1.0B |
| Total debt | $1.2B | $1.3B | $1.3B | $1.3B | $1.1B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Other events
|
Oct 29, 2026 | Oct 28, 2026 |
| 10-Q | Quarterly report | Oct 27, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 27, 2026 | Oct 27, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 10, 2026 | Aug 10, 2026 |
| 10-Q | Quarterly report | Jul 28, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 28, 2026 | Jul 28, 2026 |
All 1016 Enphase Energy, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.