$ENPH Balance Sheet | Understand Stock

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$ENPH

$66.76 -$2.26 (3.27%)

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Balance Sheet

Concept	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$497.5M -66.08% YoY	$474.3M -70.77% YoY	$401.9M -77.25% YoY	$370.5M -77.49% YoY	$1.467B -9.99% YoY	$1.623B -4.27% YoY	$1.767B -0.97% YoY	$1.646B -8.56% YoY	$1.630B -8.37% YoY	$1.695B 5.1% YoY	$1.784B 25.87% YoY	$1.800B 44.29% YoY	$1.778B 67.23% YoY	$1.613B 58.64% YoY	$1.417B 1.66% YoY	$1.248B -4.91% YoY	$1.063B -28.58% YoY	$1.017B 49.64% YoY	$1.394B 110.66% YoY
Cash & Equivalents	$497.5M 42.12% YoY	$474.3M 28.5% YoY	$401.9M 56.79% YoY	$370.5M 46.98% YoY	$350.1M 38.01% YoY	$369.1M 27.83% YoY	$256.3M -11.63% YoY	$252.1M -9.54% YoY	$253.7M -11.32% YoY	$288.7M -38.99% YoY	$290.1M -14.07% YoY	$278.7M -43.76% YoY	$286.0M 13.58% YoY	$473.2M 296.63% YoY	$337.6M -61.88% YoY	$495.5M -62.24% YoY	$251.9M -83.09% YoY	$119.3M -82.44% YoY	$885.5M 33.81% YoY
Short-Term Investments	$433.1M -61.22% YoY	$1.039B -17.15% YoY	$1.076B -28.75% YoY	$1.160B -16.83% YoY	$1.117B -18.84% YoY	$1.253B -10.87% YoY	$1.510B 1.1% YoY	$1.394B -8.38% YoY	$1.376B -7.8% YoY	$1.406B 23.4% YoY	$1.494B 38.35% YoY	$1.522B 102.28% YoY	$1.492B 83.87% YoY	$1.140B 27.0% YoY	$1.080B 112.3% YoY	$752.3M N/A	$811.6M N/A	$897.3M N/A	$508.6M N/A
Other Short-Term Assets	$184.4M -42.12% YoY	$415.2M 51.66% YoY	$425.0M 164.64% YoY	$320.1M 220.25% YoY	$318.6M 432.79% YoY	$273.7M 207.82% YoY	$160.6M 293.66% YoY	$99.97M 179.18% YoY	$59.81M -11.49% YoY	$88.93M 209.93% YoY	$40.80M 82.56% YoY	$35.81M 89.08% YoY	$67.57M 330.45% YoY	$28.69M -24.06% YoY	$22.35M -37.12% YoY	$18.94M -45.5% YoY	$15.70M -50.01% YoY	$37.78M 26.79% YoY	$35.54M 24.71% YoY
Inventory	$290.7M 101.84% YoY	$288.0M 74.57% YoY	$188.7M 18.77% YoY	$173.0M -1.73% YoY	$144.0M -30.72% YoY	$165.0M -22.75% YoY	$158.8M -8.77% YoY	$176.1M 5.99% YoY	$207.9M 38.08% YoY	$213.6M 42.67% YoY	$174.1M 18.89% YoY	$166.1M 27.52% YoY	$150.6M 56.13% YoY	$149.7M 101.22% YoY	$146.5M 123.91% YoY	$130.3M 245.02% YoY	$96.44M 176.51% YoY	$74.40M 78.14% YoY	$65.41M 74.25% YoY
Prepaid Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables	$196.6M -12.87% YoY	$229.9M 2.74% YoY	$265.5M 14.33% YoY	$223.2M -19.55% YoY	$225.6M -44.33% YoY	$223.7M -49.83% YoY	$232.2M -58.55% YoY	$277.5M -46.67% YoY	$405.3M -21.47% YoY	$446.0M 1.15% YoY	$560.3M 52.4% YoY	$520.3M 66.52% YoY	$516.1M 44.04% YoY	$440.9M 32.15% YoY	$367.6M 34.66% YoY	$312.5M 11.13% YoY	$358.3M 51.77% YoY	$333.6M 83.14% YoY	$273.0M 123.07% YoY
Other Receivables	$192.3M N/A	$124.9M N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Total Short-Term Assets	$1.830B -16.7% YoY	$2.607B 12.02% YoY	$2.392B 1.31% YoY	$2.289B 2.11% YoY	$2.197B -4.57% YoY	$2.327B -4.77% YoY	$2.361B -9.15% YoY	$2.242B -12.46% YoY	$2.303B -8.36% YoY	$2.444B 7.92% YoY	$2.599B 31.07% YoY	$2.561B 47.51% YoY	$2.513B 61.19% YoY	$2.264B 54.83% YoY	$1.983B 12.14% YoY	$1.736B 4.21% YoY	$1.559B -12.98% YoY	$1.462B 56.74% YoY	$1.768B 107.95% YoY
LONG-TERM ASSETS
Property, Plant & Equipment	$138.9M -2.35% YoY	$136.8M -7.26% YoY	$131.3M -11.54% YoY	$136.9M -9.97% YoY	$142.2M -20.18% YoY	$147.5M -21.59% YoY	$148.4M -14.2% YoY	$152.1M 0.27% YoY	$178.2M 33.7% YoY	$188.1M 68.93% YoY	$173.0M 88.46% YoY	$151.7M 74.76% YoY	$133.3M 56.65% YoY	$111.4M 35.54% YoY	$91.80M 24.99% YoY	$86.78M 37.28% YoY	$85.07M 58.58% YoY	$82.17M 91.15% YoY	$73.45M 108.73% YoY
Goodwill	$213.7M 0.65% YoY	$214.8M 1.51% YoY	$214.4M 0.05% YoY	$214.9M 0.77% YoY	$212.4M -0.59% YoY	$211.6M -1.39% YoY	$214.3M 0.52% YoY	$213.2M -0.49% YoY	$213.6M -0.12% YoY	$214.6M 0.47% YoY	$213.2M 9.05% YoY	$214.3M 8.77% YoY	$213.9M 9.33% YoY	$213.6M 17.82% YoY	$195.5M 220.31% YoY	$197.0M 221.27% YoY	$195.6M 220.52% YoY	$181.3M 631.36% YoY	$61.04M 146.29% YoY
Intangibles	$17.56M -53.05% YoY	$22.29M -47.43% YoY	$27.33M -46.57% YoY	$32.38M -42.91% YoY	$37.41M -40.27% YoY	$42.40M -38.14% YoY	$51.15M -35.37% YoY	$56.72M -34.02% YoY	$62.63M -32.48% YoY	$68.54M -31.15% YoY	$79.15M -12.95% YoY	$85.96M -11.28% YoY	$92.76M -10.1% YoY	$99.54M 1.82% YoY	$90.92M 110.74% YoY	$96.89M 113.37% YoY	$103.2M 115.32% YoY	$97.76M 239.34% YoY	$43.15M 60.76% YoY
Long-Term Investments	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Assets	$211.7M 0.12% YoY	$222.7M 23.08% YoY	$234.7M 26.58% YoY	$193.4M -5.28% YoY	$211.4M -40.33% YoY	$180.9M -61.36% YoY	$185.4M -13.86% YoY	$204.2M 4.57% YoY	$354.3M 92.44% YoY	$468.3M 176.6% YoY	$215.3M 53.29% YoY	$195.3M 51.2% YoY	$184.1M 52.33% YoY	$169.3M 42.59% YoY	$140.4M 3.18% YoY	$129.2M 8.96% YoY	$120.9M 32.37% YoY	$118.7M 98.29% YoY	$136.1M 161.76% YoY
Total Long-Term Assets	$893.7M -1.67% YoY	$902.9M -2.13% YoY	$928.7M 2.81% YoY	$889.8M -3.79% YoY	$908.8M -2.32% YoY	$922.6M -1.8% YoY	$903.3M -5.44% YoY	$924.9M 2.19% YoY	$930.4M 7.16% YoY	$939.5M 14.57% YoY	$955.3M 33.58% YoY	$905.1M 29.09% YoY	$868.2M 23.24% YoY	$820.0M 32.95% YoY	$715.2M 54.77% YoY	$701.1M 61.27% YoY	$704.5M 74.88% YoY	$616.8M 130.98% YoY	$462.1M 90.86% YoY
TOTAL ASSETS
Total Short-Term Assets	$1.830B -16.7% YoY	$2.607B 12.02% YoY	$2.392B 1.31% YoY	$2.289B 2.11% YoY	$2.197B -4.57% YoY	$2.327B -4.77% YoY	$2.361B -9.15% YoY	$2.242B -12.46% YoY	$2.303B -8.36% YoY	$2.444B 7.92% YoY	$2.599B 31.07% YoY	$2.561B 47.51% YoY	$2.513B 61.19% YoY	$2.264B 54.83% YoY	$1.983B 12.14% YoY	$1.736B 4.21% YoY	$1.559B -12.98% YoY	$1.462B 56.74% YoY	$1.768B 107.95% YoY
Total Long-Term Assets	$893.7M	$902.9M	$928.7M	$889.8M	$908.8M	$922.6M	$903.3M	$924.9M	$930.4M	$939.5M	$955.3M	$905.1M	$868.2M	$820.0M	$715.2M	$701.1M	$704.5M	$616.8M	$462.1M
Total Assets	$2.724B -12.3% YoY	$3.510B 8.0% YoY	$3.320B 1.72% YoY	$3.179B 0.39% YoY	$3.106B -3.92% YoY	$3.250B -3.94% YoY	$3.264B -8.15% YoY	$3.167B -8.64% YoY	$3.233B -4.37% YoY	$3.383B 9.69% YoY	$3.554B 31.73% YoY	$3.466B 42.21% YoY	$3.381B 49.38% YoY	$3.084B 48.34% YoY	$2.698B 20.97% YoY	$2.437B 16.02% YoY	$2.263B 3.15% YoY	$2.079B 73.26% YoY	$2.230B 104.16% YoY
SHORT-TERM LIABILITIES
Accounts Payable	$113.5M -1.66% YoY	$203.0M 125.52% YoY	$188.6M 67.74% YoY	$162.7M 104.28% YoY	$115.4M 60.8% YoY	$90.03M -22.5% YoY	$112.4M 24.75% YoY	$79.65M 0.72% YoY	$71.75M -32.41% YoY	$116.2M -7.13% YoY	$90.12M -2.92% YoY	$79.08M -12.53% YoY	$106.2M 1.35% YoY	$125.1M 9.95% YoY	$92.82M 0.66% YoY	$90.40M 10.05% YoY	$104.7M 28.48% YoY	$113.8M 56.68% YoY	$92.21M 91.52% YoY
Accrued Expenses	$195.6M -7.82% YoY	$217.4M 10.4% YoY	$207.9M 9.54% YoY	$206.5M 4.55% YoY	$212.2M -8.91% YoY	$196.9M -24.83% YoY	$189.8M -56.35% YoY	$197.6M -53.55% YoY	$232.9M -41.28% YoY	$261.9M -11.5% YoY	$434.8M 69.99% YoY	$425.3M 114.88% YoY	$396.7M 134.52% YoY	$295.9M 87.41% YoY	$255.8M 83.71% YoY	$197.9M 65.99% YoY	$169.1M 46.86% YoY	$157.9M 106.31% YoY	$139.2M 166.73% YoY
Deferred Revenue	$144.3M -13.98% YoY	$180.5M -23.9% YoY	$111.5M -13.94% YoY	$129.0M 4.42% YoY	$167.8M 40.02% YoY	$237.2M 100.53% YoY	$129.6M 13.61% YoY	$123.6M 13.19% YoY	$119.8M 20.04% YoY	$118.3M 30.36% YoY	$114.0M 43.24% YoY	$109.2M 47.4% YoY	$99.82M 45.31% YoY	$90.75M 44.8% YoY	$79.61M 34.4% YoY	$74.07M 34.46% YoY	$68.69M 39.85% YoY	$62.67M 31.48% YoY	$59.23M 41.91% YoY
Short-Term Debt	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Long-Term Debt Due	$0.00 -100.0% YoY	$632.2M 524.13% YoY	$631.7M 532.12% YoY	$631.2M 540.19% YoY	$630.7M 548.42% YoY	$101.3M N/A	$99.93M 5.56% YoY	$98.59M 5.58% YoY	$97.26M 5.59% YoY	$0.00 -100.0% YoY	$94.67M 5.59% YoY	$93.38M 5.6% YoY	$92.12M 5.61% YoY	$90.89M 5.57% YoY	$89.65M 4.2% YoY	$88.43M 3.88% YoY	$87.22M 3.39% YoY	$86.10M -73.59% YoY	$86.04M -17.01% YoY
Total Short-Term Liabilities	$481.8M -58.44% YoY	$1.262B 91.21% YoY	$1.171B 106.38% YoY	$1.163B 119.51% YoY	$1.159B 109.22% YoY	$660.1M 23.97% YoY	$567.5M -26.72% YoY	$529.6M -28.78% YoY	$554.1M -24.02% YoY	$532.4M -16.57% YoY	$774.4M 40.74% YoY	$743.6M 54.91% YoY	$729.3M 60.72% YoY	$638.2M 45.12% YoY	$550.2M 39.85% YoY	$480.0M 34.61% YoY	$453.8M 31.72% YoY	$439.8M -17.65% YoY	$393.5M 53.38% YoY
LONG-TERM LIABILITIES
Long-Term Debt	$572.5M 0.23% YoY	$572.2M -52.36% YoY	$571.9M -52.35% YoY	$571.5M -52.35% YoY	$571.2M -52.34% YoY	$1.201B -7.16% YoY	$1.200B 0.28% YoY	$1.199B -0.14% YoY	$1.199B -0.14% YoY	$1.294B 7.86% YoY	$1.197B -0.14% YoY	$1.201B 0.28% YoY	$1.200B 0.28% YoY	$1.199B 26.05% YoY	$1.199B 27.48% YoY	$1.198B 28.93% YoY	$1.197B 30.4% YoY	$951.6M 19328.22% YoY	$940.2M 266.64% YoY
Other Long-Term Liabilities	$65.25M 6.91% YoY	$65.50M 18.51% YoY	$58.08M -6.92% YoY	$59.54M 12.62% YoY	$61.03M -89.05% YoY	$55.27M -90.36% YoY	$62.39M 16.05% YoY	$52.87M 5.22% YoY	$557.6M 1081.59% YoY	$573.2M 1217.1% YoY	$53.76M 111.51% YoY	$50.25M 110.57% YoY	$47.19M 145.01% YoY	$43.52M 163.28% YoY	$25.42M 23.29% YoY	$23.86M 18.87% YoY	$19.26M 22.07% YoY	$16.53M -3.0% YoY	$20.62M 43.3% YoY
Total Long-Term Liabilities	$637.8M 0.87% YoY	$637.7M -49.24% YoY	$629.9M -50.11% YoY	$631.1M -49.61% YoY	$632.2M -64.0% YoY	$1.256B -32.71% YoY	$1.263B 0.95% YoY	$1.252B 0.08% YoY	$1.756B 40.78% YoY	$1.867B 50.2% YoY	$1.251B 2.18% YoY	$1.251B 2.43% YoY	$1.247B 2.57% YoY	$1.243B 28.39% YoY	$1.224B 27.39% YoY	$1.222B 28.72% YoY	$1.216B 30.26% YoY	$968.1M 4312.6% YoY	$960.9M 254.77% YoY
TOTAL LIABILITIES
Total Short-Term Liabilities	$481.8M -58.44% YoY	$1.262B 91.21% YoY	$1.171B 106.38% YoY	$1.163B 119.51% YoY	$1.159B 109.22% YoY	$660.1M 23.97% YoY	$567.5M -26.72% YoY	$529.6M -28.78% YoY	$554.1M -24.02% YoY	$532.4M -16.57% YoY	$774.4M 40.74% YoY	$743.6M 54.91% YoY	$729.3M 60.72% YoY	$638.2M 45.12% YoY	$550.2M 39.85% YoY	$480.0M 34.61% YoY	$453.8M 31.72% YoY	$439.8M -17.65% YoY	$393.5M 53.38% YoY
Total Long-Term Liabilities	$637.8M 0.87% YoY	$637.7M -49.24% YoY	$629.9M -50.11% YoY	$631.1M -49.61% YoY	$632.2M -64.0% YoY	$1.256B -32.71% YoY	$1.263B 0.95% YoY	$1.252B 0.08% YoY	$1.756B 40.78% YoY	$1.867B 50.2% YoY	$1.251B 2.18% YoY	$1.251B 2.43% YoY	$1.247B 2.57% YoY	$1.243B 28.39% YoY	$1.224B 27.39% YoY	$1.222B 28.72% YoY	$1.216B 30.26% YoY	$968.1M 4312.6% YoY	$960.9M 254.77% YoY
Total Liabilities	$1.622B -29.36% YoY	$2.423B 0.25% YoY	$2.325B -0.32% YoY	$2.298B 0.71% YoY	$2.295B -0.64% YoY	$2.417B 0.72% YoY	$2.333B -8.13% YoY	$2.282B -8.47% YoY	$2.310B -4.17% YoY	$2.399B 6.23% YoY	$2.539B 21.62% YoY	$2.493B 25.54% YoY	$2.411B 24.76% YoY	$2.259B 36.97% YoY	$2.088B 31.94% YoY	$1.986B 30.99% YoY	$1.932B 32.23% YoY	$1.649B 130.28% YoY	$1.582B 134.03% YoY
SHAREHOLDERS EQUITY
Retained Earnings	-$211.3M -33.1% YoY	-$203.9M -16.85% YoY	-$242.6M 131.19% YoY	-$309.2M 206.48% YoY	-$315.9M 2572.22% YoY	-$245.2M -629.91% YoY	-$104.9M -183.71% YoY	-$100.9M -153.23% YoY	-$11.82M -107.2% YoY	$46.27M 166.93% YoY	$125.4M -191.89% YoY	$189.5M -175.44% YoY	$164.2M -150.03% YoY	$17.34M -104.27% YoY	-$136.4M -13.84% YoY	-$251.2M 39.47% YoY	-$328.2M 1584.14% YoY	-$405.7M 692.67% YoY	-$158.3M 27.5% YoY
Common Stock	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY	$1.000K 0.0% YoY
Preferred Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock (at cost)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0.00 N/A	$68.14M N/A	N/A	N/A	$0.00 N/A	$0.00 N/A	N/A	N/A	N/A
Treasury Stock Shares	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Shareholders Equity	$1.102B 35.98% YoY	$1.087B 30.49% YoY	$995.0M 6.83% YoY	$880.6M -0.44% YoY	$810.7M -12.14% YoY	$833.0M -15.31% YoY	$931.4M -8.21% YoY	$884.5M -9.05% YoY	$922.7M -4.88% YoY	$983.6M 19.14% YoY	$1.015B 66.33% YoY	$972.6M 115.65% YoY	$970.1M 193.1% YoY	$825.6M 91.92% YoY	$610.1M -5.83% YoY	$451.0M -22.83% YoY	$331.0M -54.84% YoY	$430.2M -11.12% YoY	$647.8M 55.65% YoY
Total Liabilities & Shareholders Equity	$2.724B -12.3% YoY	$3.510B 8.0% YoY	$3.320B 1.72% YoY	$3.179B 0.39% YoY	$3.106B -3.92% YoY	$3.250B -3.94% YoY	$3.264B -8.15% YoY	$3.167B -8.64% YoY	$3.233B -4.37% YoY	$3.383B 9.69% YoY	$3.554B 31.73% YoY	$3.466B 42.21% YoY	$3.381B 49.38% YoY	$3.084B 48.34% YoY	$2.698B 20.97% YoY	$2.437B 16.02% YoY	$2.263B 3.15% YoY	$2.079B 73.26% YoY	$2.230B 104.16% YoY