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Enphase Energy ENPH CHINA — Long-Lived Assets

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Other financials

Income statement

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Revenue$291.9M-19.6%
Gross profit$175.0M+2.7%
Operating income$51.5M+39.2%
Net income$36.1M-2.6%
EPS (diluted)$0.27-3.6%

Balance sheet

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Cash & equivalents$529.3M+42.9%
Total debt$613.4M-50.3%
Total equity$1.2B+34.2%
Total assets$2.9B-8.2%

Cash flow

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Operating cash flow$40.3M+51.4%
CapEx$14.4M+74.3%
Free cash flow$25.9M+41.1%

Valuation

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Market cap$5.15B+30.7%
Enterprise value$5.23B+9.0%
P/E38.4×+15.9×
P/S3.9×+1.2×

Profitability

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Gross margin46.9%-1.3pp
Operating margin8.3%-3.4pp
Net margin10.1%-1.7pp
FCF margin11.5%-13.7pp

Returns & leverage

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Return on equity13%-6.8pp
Debt / equity0.5×-0.9×
Current ratio3.5×+1.5×

Where this comes from

Reported directly by Enphase Energy in its filing.

Tagged under the XBRL concept us-gaap:NoncurrentAssets.

The source filing: Enphase Energy’s 10-K, filed February 17, 2026.

Filed
Feb 16, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001463101-26-000013
Line itemDecember 31, 2025December 31, 2024
United States$103,186$103,823
India14,26118,153
China10,38411,619
New Zealand5,4626,775
Mexico1,5674,418
Others1,9442,726
Total$136,804$147,514

Item 8. Financial Statements and Supplementary Data

FAQ

What is Enphase Energy's CHINA — long-lived assets?
Enphase Energy (ENPH) reported CHINA — long-lived assets of $10.38M in Q4 2025.
How has Enphase Energy's CHINA — long-lived assets changed year-over-year?
Enphase Energy's CHINA — long-lived assets decreased by 10.6% year-over-year, from $11.62M to $10.38M.
What does CHINA — long-lived assets mean?
This metric represents the total book value of non-current, tangible, and intangible assets physically located or legally domiciled within the China geographic segment. It reflects the company's capital investment in regional infrastructure, manufacturing facilities, or intellectual property holdings specific to that market. Monitoring this balance helps investors assess the company's operational footprint and capital allocation strategy within the Chinese region.

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