Company / Cost of Revenue
Enphase Energy Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$786.0M
FY2025
5-year range
$701.2M / $1.4B
FY2021-FY2025
Trend
+12.1%
vs FY2024
Sector context
#111 of 276
Information Technology
What the data says
At $786M, Enphase Energy's cost of revenue ranks #166 of 276 in the Information Technology sector. Cost of Revenue returned to growth in FY2025 after 2 years of decline, reaching $786M.
Based on SEC 10-K filings.
$786M in FY2025 with a 5-year CAGR of +12.9%.
Improved from $1.2B to $786M over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- -16.6%
- 5-Year CAGR
- +12.9%
- 10-Year CAGR
- -
Sector benchmark
#166 of 276 in Information TechnologyTop 60% of 276This company $786.0M Sector average $4.0B
▼
-80.2% below sector average
Key checks
Key Insights
- 5-year CAGR of +12.9%, indicating consistent growth.
- In FY2025, cost of revenue increased 12.1% year-over-year.
- Ranks #111 out of 276 companies in the Information Technology sector.
- Peak cost of revenue was recorded in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.97 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $786.0M | +12.1% |
| FY2024 | $701.2M | -43.1% |
| FY2023 | $1.2B | -9.1% |
| FY2022 | $1.4B | +63.9% |
| FY2021 | $827.6M | +93.2% |
| FY2020 | $428.4M | +86.2% |
| FY2019 | $230.1M | +3.8% |
| FY2018 | $221.7M | -3.7% |
| FY2017 | $230.1M | -13.0% |
| FY2016 | $264.6M | +6.2% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026