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Enphase Energy ENPH Operating Lease Liabilities

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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$5.24B+33.2%
Enterprise value$5.33B+10.9%
P/E39.1×+16.6×
P/S+1.3×

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:OperatingLeaseLiabilityNoncurrent.

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 itemJune 30,2026December 31,2025
Operating leases:
Operating lease, right of use asset, net (Other assets)$35,720$34,573
Operating lease liabilities, current (Accrued liabilities)$9,103$8,211
Operating lease liabilities, non-current (Other liabilities)31,42631,195
Total operating lease liabilities$40,529$39,406
Supplemental lease information:
Weighted average remaining lease term5.1 years5.6 years
Weighted average discount rate6.2%6.3%

Item 1. Financial Statements (unaudited)

FAQ

What is Enphase Energy's operating lease liabilities?
Enphase Energy (ENPH) reported operating lease liabilities of $31.43M in Q2 2026.
How has Enphase Energy's operating lease liabilities changed year-over-year?
Enphase Energy's operating lease liabilities increased by 21.1% year-over-year, from $25.94M to $31.43M.
What is the long-term trend for Enphase Energy's operating lease liabilities?
Over 5 years (2020 to 2025), Enphase Energy's operating lease liabilities has grown at a 15.5% compound annual growth rate (CAGR), from $15.21M to $31.2M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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