Enphase Energy, Inc.

ENPH · XNAS

CIK 1463101fmd_03HZDQ3JYJD0QHEEAZ7HCHFHX9Manufacturing · Semiconductors & Related DevicesTemplate: Standard

Coverage: Jan 01, 2010 to Sep 30, 2026, 64 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	323	286	316	624	774	1,382	2,331	2,291	1,330	1,473
Cost of revenue	265	230	222	403	428	828	1,356	1,232	701	786
Gross profit	58	56	94	221	346	554	975	1,058	629	687
Research and development	51	33	33	40	56	106	169	227	201	189
Selling, general and administrative	66	45	56	76	104	233	355	370	337	333
Total operating expenses	121	95	93	119	160	339	526	613	552	529
Operating income	(63)	(39)	2	103	186	216	448	446	77	158
Interest expense	3	8	11	10	21	45	9	9	9	5
Interest and investment income	–	–	–	–	–	–	–	–	–	–
Other non-operating income (expense)	(3)	(6)	(12)	(13)	(67)	(95)	4	67	43	47
Income before taxes	(66)	(45)	(10)	90	119	121	452	513	120	205
Income tax expense	1	(0)	1	(71)	(15)	(25)	55	74	18	33
Net income from continuing operations	(63)	(39)	(12)	161	134	145	397	439	103	172
Net income	(67)	(45)	(12)	161	134	145	397	439	103	172