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Enphase Energy ENPH Business Segments — Cost Of Revenue, Adjusted

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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 enph:CostOfRevenueAdjusted.

The official record: Enphase Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enphase Energy's business segments — cost of revenue, adjusted?
Enphase Energy (ENPH) reported business segments — cost of revenue, adjusted of $213.27M in Q1 2026.
How has Enphase Energy's business segments — cost of revenue, adjusted changed year-over-year?
Enphase Energy's business segments — cost of revenue, adjusted decreased by 9.5% year-over-year, from $235.66M to $213.27M.
What is the long-term trend for Enphase Energy's business segments — cost of revenue, adjusted?
Over 3 years (2022 to 2025), Enphase Energy's business segments — cost of revenue, adjusted has grown at a -8.7% compound annual growth rate (CAGR), from $1.34B to $1.02B.
What does business segments — cost of revenue, adjusted mean?
Reflects the direct costs associated with producing and delivering the company's solar energy solutions, excluding certain non-cash or non-recurring items. Monitoring this metric helps assess the efficiency of the manufacturing process and the impact of supply chain costs on gross margins. It is essential for evaluating the underlying profitability of the company's core product offerings.