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Enphase Energy ENPH Investing Cash Flow

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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:NetCashProvidedByUsedInInvestingActivities.

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

Filed
Apr 28, 2026, 4:25 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001463101-26-000047
Line itemThree Months Ended March 31, 20262025
Purchases of property and equipment(19,898)(14,608)
Issuance of loan receivables(1,000)
Investment in tax equity fund(6,904)
Net cash provided by investing activities576,383113,060
Cash flows from financing activities:
Settlement of Notes due 2026(632,500)
Settlement of Notes due 2025(102,168)
Proceeds from issuances of common stock under employee equity plans67

Item 1. Financial Statements (unaudited)

FAQ

What is Enphase Energy's investing cash flow?
Enphase Energy (ENPH) reported investing cash flow of $576.38M in Q1 2026.
How has Enphase Energy's investing cash flow changed year-over-year?
Enphase Energy's investing cash flow increased by 409.8% year-over-year, from $113.06M to $576.38M.
What is the long-term trend for Enphase Energy's investing cash flow?
Over 2 years (2021 to 2024), Enphase Energy's investing cash flow has grown at a -67.6% compound annual growth rate (CAGR), from -$1.22B to $128.27M.
What does investing cash flow mean?
Total net cash provided by or used in investing activities — capex, acquisitions, investment purchases/sales, and other investing items.

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