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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:GeneralAndAdministrativeExpense.

The source filing: Enphase Energy’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:29 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001463101-26-000081
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expenses:
Research and development45,65845,42190,52595,595
Sales and marketing45,54550,70893,63299,656
General and administrative31,33434,03564,58968,070
Restructuring and asset impairment charges9583,3224,7856,484
Total operating expenses123,495133,486253,531269,805
Income from operations51,51937,00721,87668,929
Other income, net

Item 1. Financial Statements (unaudited)

FAQ

What is Enphase Energy's G&A?
Enphase Energy (ENPH) reported G&A of $31.33M in Q2 2026.
How has Enphase Energy's G&A changed year-over-year?
Enphase Energy's G&A decreased by 7.9% year-over-year, from $34.04M to $31.33M.
What is the long-term trend for Enphase Energy's G&A?
Over 4 years (2021 to 2025), Enphase Energy's G&A has grown at a 6.9% compound annual growth rate (CAGR), from $104.09M to $135.77M.
What does G&A mean?
Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

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