Growth Metrics

Enphase Energy (ENPH) Accumulated Expenses (2011 - 2026)

Enphase Energy's quarterly Accumulated Expenses came in at $28.4 million in Q1 2026, down 14.67% year-on-year from $33.3 million in Q1 2025, and down 86.93% quarter-over-quarter from $217.4 million in Q4 2025.

Enphase Energy has reported Accumulated Expenses for 16 years, with the latest figure at $28.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Accumulated Expenses fell 14.67% year-over-year to $28.4 million; the trailing twelve-month figure through Mar 2026 stood at $28.4 million (down 14.67% YoY), and the FY2025 full-year result was $217.4 million, up 527.21% from the prior year.
  • Accumulated Expenses for Q1 2026 stood at $28.4 million, down from $217.4 million in the prior quarter.
  • The five-year high for Accumulated Expenses was $217.4 million in Q4 2025, with the low at $24.0 million in Q1 2022.
  • Average Accumulated Expenses over 5 years is $64.4 million, with a median of $34.7 million recorded in 2024.
  • Year-over-year, Accumulated Expenses fell 17.51% in 2024 and surged 582.52% in 2025.
  • Tracing ENPH's Accumulated Expenses over 5 years: stood at $35.6 million in 2022, then advanced by 1.43% to $36.1 million in 2023, then declined by 3.91% to $34.7 million in 2024, then soared by 527.21% to $217.4 million in 2025, then slumped by 86.93% to $28.4 million in 2026.
  • The last three Accumulated Expenses figures came in at $28.4 million (Q1 2026), $217.4 million (Q4 2025), and $207.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn

Historic Data

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DateValue
Mar 31, 2026 28.41 Mn
Dec 31, 2025 217.37 Mn
Sep 30, 2025 207.93 Mn
Jun 30, 2025 206.54 Mn
Mar 31, 2025 33.30 Mn
Dec 31, 2024 34.66 Mn
Sep 30, 2024 35.76 Mn
Jun 30, 2024 30.26 Mn
Mar 31, 2024 30.87 Mn
Dec 31, 2023 36.07 Mn
Sep 30, 2023 40.75 Mn
Jun 30, 2023 36.69 Mn
Mar 31, 2023 34.51 Mn
Dec 31, 2022 35.56 Mn
Sep 30, 2022 32.35 Mn
Jun 30, 2022 29.20 Mn
Mar 31, 2022 23.96 Mn
Dec 31, 2021 19.40 Mn
Sep 30, 2021 16.73 Mn
Jun 30, 2021 15.01 Mn
Mar 31, 2021 14.30 Mn
Dec 31, 2020 11.26 Mn
Sep 30, 2020 10.76 Mn
Jun 30, 2020 10.17 Mn
Mar 31, 2020 9.68 Mn
Dec 31, 2019 10.08 Mn
Sep 30, 2019 8.76 Mn
Jun 30, 2019 7.47 Mn
Mar 31, 2019 7.93 Mn
Dec 31, 2018 8.08 Mn
Sep 30, 2018 41.56 Mn
Jun 30, 2018 8.28 Mn
Mar 31, 2018 7.70 Mn
Dec 31, 2017 7.43 Mn
Sep 30, 2017 7.15 Mn
Jun 30, 2017 8.03 Mn
Mar 31, 2017 8.38 Mn
Dec 31, 2016 8.60 Mn
Sep 30, 2016 6.76 Mn
Jun 30, 2016 6.73 Mn
Mar 31, 2016 6.65 Mn
Dec 31, 2015 7.07 Mn
Sep 30, 2015 6.61 Mn
Jun 30, 2015 7.25 Mn
Mar 31, 2015 7.55 Mn
Dec 31, 2014 7.61 Mn
Sep 30, 2014 7.75 Mn
Jun 30, 2014 8.48 Mn
Mar 31, 2014 5.89 Mn
Dec 31, 2013 4.94 Mn
Sep 30, 2013 8.43 Mn
Jun 30, 2013 7.99 Mn
Mar 31, 2013 6.80 Mn
Dec 31, 2012 6.08 Mn
Mar 31, 2012 10.56 Mn
Dec 31, 2011 10.10 Mn