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Enphase Energy ENPH CHINA — Long-Lived Assets

Other geography segments

United States
$107.45M
India
$22.98M
New Zealand
$8.96M
Mexico
$6.03M

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$128.91M-0.4%

Other financials

Income statement

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Revenue$282.9M-20.6%
Gross profit$100.4M-40.3%
Operating income-$29.6M-193%
Net income-$7.4M-125%
EPS (diluted)-$0.06-127%

Balance sheet

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Cash & equivalents$497.5M+19.9%
Total debt$612.1M-50.4%
Total equity$1.1B+36.0%
Total assets$2.7B-12.3%

Cash flow

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Operating cash flow$102.9M+112%
CapEx$19.9M+36.2%
Free cash flow$83.0M+145%

Valuation

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Market cap$6.89B-39.7%
Enterprise value$7B-43.9%
P/E51×-25.9×
P/S4.9×-3.1×

Profitability

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Gross margin44.2%-3.7pp
Operating margin6.9%-2.9pp
Net margin9.6%-0.8pp
FCF margin10.4%-22.8pp

Returns & leverage

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Return on equity14.1%-3.0pp
Debt / equity0.6×-1.0×
Current ratio3.8×+1.9×

Where this comes from

Reported directly by Enphase Energy in its filing.

Tagged under the XBRL concept us-gaap:NoncurrentAssets.

The official record: Enphase Energy’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.