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Enphase Energy ENPH United States — Net revenues

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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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 united states — net revenues?
Enphase Energy (ENPH) reported united states — net revenues of $233.91M in Q1 2026.
How has Enphase Energy's united states — net revenues changed year-over-year?
Enphase Energy's united states — net revenues decreased by 11.1% year-over-year, from $263.24M to $233.91M.
What is the long-term trend for Enphase Energy's united states — net revenues?
Over 4 years (2021 to 2025), Enphase Energy's united states — net revenues has grown at a 1.8% compound annual growth rate (CAGR), from $1.11B to $1.19B.
What does united states — net revenues mean?
This metric represents the total revenue generated from the sale of products and services within the United States geographic market. It serves as a primary indicator of the company's market penetration and demand for its energy technology solutions in this specific region. Tracking this figure helps investors assess regional growth trends and the impact of local regulatory or economic shifts on the company's top-line performance.