Enphase Energy Income Statement
ENPH / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Enphase Energy reported $1.5B in revenue and $172M in net income for FY2025. Revenue has grown at a 17.8% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.97 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $2.3B | $2.3B | $1.4B | $774.4M | $286.2M | $316.2M | $286.2M | $322.6M | $357.2M | $343.9M | $232.8M | $61.7M | $149.5M |
| Cost of Revenue | $786.0M | $701.2M | $1.2B | $1.4B | $827.6M | $428.4M | $230.1M | $221.7M | $230.1M | $264.6M | $249.0M | $230.9M | $165.4M | $55.2M | $120.5M |
| Gross Profit | $687.0M | $629.1M | $1.1B | $974.6M | $554.4M | $346.0M | $56.0M | $94.4M | $56.0M | $58.0M | $108.2M | $113.0M | $67.4M | $6.5M | $29.1M |
| SG&A Expense | $135.8M | $130.8M | $137.8M | $140.0M | $104.1M | $50.7M | $22.2M | $29.1M | $22.2M | $27.4M | $30.8M | $31.1M | $24.0M | $6.4M | $15.2M |
| R&D Expense | $189.1M | $201.3M | $227.3M | $168.8M | $105.5M | $55.9M | $33.2M | $32.6M | $33.2M | $50.7M | $50.8M | $45.4M | $34.5M | $14.3M | $25.1M |
| Operating Income | $157.5M | $77.3M | $445.7M | $448.3M | $215.8M | $186.4M | -$39.4M | $1.6M | -$39.4M | - | - | - | - | - | - |
| Interest Expense | - | - | $8.8M | $9.4M | $45.2M | $21.0M | $8.2M | $10.7M | $8.2M | $2.8M | $501.0K | $1.9M | $2.1M | $914.0K | $3.0M |
| Income Tax | $32.7M | $17.5M | $74.2M | $54.7M | -$24.5M | -$14.6M | -$149.0K | $1.4M | -$149.0K | $1.5M | $1.4M | $766.0K | $863.0K | $0 | $0 |
| Net Income | $172.1M | $102.7M | $438.9M | $397.4M | $145.4M | $134.0M | -$45.2M | -$11.6M | -$45.2M | -$67.5M | -$22.1M | -$8.1M | -$25.9M | -$21.8M | -$32.3M |
| EPS (Basic) | $1.31 | $0.76 | $3.22 | $2.94 | - | - | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | $1.29 | $0.75 | $3.08 | $2.77 | - | - | - | - | - | - | - | - | - | - | - |
| Shares Outstanding | 131.1M | 132.4M | 135.7M | 136.4M | 133.9M | 129.0M | 107.0M | 99.6M | 85.9M | 62.3M | 43.8M | 42.1M | 42.1M | 1.7M | 1.3M |
| Gross Margin | 46.6% | 47.3% | 46.2% | 41.8% | 40.1% | 44.7% | 19.6% | 29.9% | 19.6% | 18.0% | 30.3% | 32.9% | 28.9% | 10.5% | 19.4% |
| Operating Margin | 10.7% | 5.8% | 19.5% | 19.2% | 15.6% | 24.1% | -13.8% | 0.5% | -13.8% | - | - | - | - | - | - |
| Profit Margin | 11.7% | 7.7% | 19.2% | 17.1% | 10.5% | 17.3% | -15.8% | -3.7% | -15.8% | -20.9% | -6.2% | -2.3% | -11.1% | -35.3% | -21.6% |