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Enphase Energy ENPH Total Cost of Revenue

Total Cost of Revenue at other companies

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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:CostOfRevenue.

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
Net revenues$291,854$363,153$574,754$719,237
Cost of revenues116,840192,660299,347380,503
Gross profit175,014170,493275,407338,734
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

Item 1. Financial Statements (unaudited)

FAQ

What is Enphase Energy's total cost of revenue?
Enphase Energy (ENPH) reported total cost of revenue of $116.84M in Q2 2026.
How has Enphase Energy's total cost of revenue changed year-over-year?
Enphase Energy's total cost of revenue decreased by 39.4% year-over-year, from $192.66M to $116.84M.
What is the long-term trend for Enphase Energy's total cost of revenue?
Over 4 years (2021 to 2025), Enphase Energy's total cost of revenue has grown at a -1.3% compound annual growth rate (CAGR), from $827.63M to $785.98M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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