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Enphase Energy ENPH Long-Term Debt

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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:LongTermDebtNoncurrent.

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 itemAs of / June 30,2026As of / December 31,2025
Deferred revenues, non-current358,233337,923
Warranty obligations, non-current175,422185,005
Other liabilities65,76965,497
Debt, non-current572,836572,194
Total liabilities1,737,4232,422,769
Commitments and contingencies (Note 12)
Stockholders’ equity:
Common stock, $0.00001 par value, 300,000 shares authorized; and 132,131 shares and 131,080 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively11

Item 1. Financial Statements (unaudited)

FAQ

What is Enphase Energy's long-term debt?
Enphase Energy (ENPH) reported long-term debt of $572.84M in Q2 2026.
How has Enphase Energy's long-term debt changed year-over-year?
Enphase Energy's long-term debt increased by 0.2% year-over-year, from $571.54M to $572.84M.
What is the long-term trend for Enphase Energy's long-term debt?
Over 5 years (2020 to 2025), Enphase Energy's long-term debt has grown at a 159.1% compound annual growth rate (CAGR), from $4.9M to $572.19M.
What does long-term debt mean?
Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

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