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Friday 6 November 2026
Export ENPH’s income statement to Excel — free account
Enphase Energy, Inc.
ENPH Technology Solar
Enphase Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 10.7% from fiscal 2024.
- Revenue
- −28.5%
- EPS
- −65.3%
- Free cash flow
- −293.2%
- Total debt
- −52.4%
Quarter to September 2026, against a year earlier
28.17
0.80
−2.76%
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Enphase Energy, Inc. (ENPH) Net income
Enphase Energy, Inc.'s net income for fiscal 2025 was $172.1M, up 67.7% from $102.7M in fiscal 2024. Over the twelve months to 30 September 2026 it was $90.8M. Over the past ten years it has ranged from −$67.5M (fiscal 2016) to $438.9M (fiscal 2023); the current reading is higher than 82% of that period. Enphase Energy, Inc. ranks 3rd of 22 Solar companies by net income.
Net income, annual
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Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $172.1M | 67.68% |
| FY2024 | $102.7M | (76.61%) |
| FY2023 | $438.9M | 10.46% |
| FY2022 | $397.4M | 173.20% |
| FY2021 | $145.4M | 8.55% |
| FY2020 | $134.0M | (16.85%) |
| FY2019 | $161.1M | — |
| FY2018 | −$11.6M | — |
| FY2017 | −$45.2M | — |
| FY2016 | −$67.5M | — |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Sep 2026 | $23.4M | (35.18%) |
| Jun 2026 | $36.1M | — |
| Mar 2026 | −$7.4M | — |
| Dec 2025 | $38.7M | (41.91%) |
| 43 more quarters | Free account |
Against its own ten years
Low −$67.5M
High $438.9M
Ten-year median
$134.0M
Current reading's percentile
82
Net income against peers
| Company | Net income |
|---|---|
| FSLR First Solar, Inc. compare | $1.9B |
| NXT Nextpower Inc. compare | $612.6M |
| ENPH Enphase Energy, Inc. | $90.8M |
| SHLS Shoals Technologies Group, Inc. compare | $37.8M |
| ARRY Array Technologies, Inc. compare | −$85.9M |
| SEDG SolarEdge Technologies, Inc. compare | −$228.6M |
| DQ DAQO New Energy Corp. compare | −$317.0M |
| RUN Sunrun Inc. compare | −$593.6M |
| JKS Jinko Holdings Limited - Unsponsored ADR compare | −$1.0B |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
More on ENPH
- Revenue
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement