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Enphase Energy ENPH Business Segments — Other research and development

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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:ResearchAndDevelopmentExpenseAdjusted.

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 — other research and development?
Enphase Energy (ENPH) reported business segments — other research and development of $26.03M in Q1 2026.
How has Enphase Energy's business segments — other research and development changed year-over-year?
Enphase Energy's business segments — other research and development decreased by 8.7% year-over-year, from $28.53M to $26.03M.
What is the long-term trend for Enphase Energy's business segments — other research and development?
Over 3 years (2022 to 2025), Enphase Energy's business segments — other research and development has grown at a 2.1% compound annual growth rate (CAGR), from $99.76M to $106.24M.
What does business segments — other research and development mean?
Represents expenditures dedicated to innovation, product development, and engineering improvements outside of core manufacturing costs. This metric indicates the company's commitment to maintaining a competitive technological edge in the solar and storage market. High levels of investment here are typically viewed as a driver for future product differentiation.