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Enphase Energy ENPH Payments To Acquire Tax Equity Investment

Payments To Acquire Tax Equity Investment at other companies

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AutoZoneAZO
$9.22M-81.7%
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UMB FinancialUMBF
$8.15M-78.9%
Raymond James Financial logo
Raymond James FinancialRJF
$5M-52.4%
UMB Financial logo
UMB FinancialUMBF
$22.68M+3.7%
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Sirius XMSIRI
$9M-18.2%
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Hyatt HotelsH
$17.25M

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:PaymentsToAcquireTaxEquityInvestment.

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 payments to acquire tax equity investment?
Enphase Energy (ENPH) reported payments to acquire tax equity investment of $0 in Q1 2026.
How has Enphase Energy's payments to acquire tax equity investment changed year-over-year?
Enphase Energy's payments to acquire tax equity investment decreased by 100.0% year-over-year, from $6.9M to $0.
What does payments to acquire tax equity investment mean?
This represents cash outflows directed toward tax equity partnerships, often used to monetize tax credits associated with renewable energy projects. These investments allow the company to participate in the financial benefits of solar or storage deployments by leveraging tax incentives. It highlights the company's strategy for capital allocation and tax efficiency within the energy sector.