Enphase Energy (ENPH) Capital Expenditures (2011 - 2026)
Enphase Energy (ENPH) recorded quarterly Capital Expenditures of $12.0 million in Q1 2026, down 66.25% quarter-over-quarter from $35.7 million in Q4 2025, and up 186.28% on a YoY basis from $4.2 million in Q1 2025.
Enphase Energy (ENPH) Capital Expenditures (2011 - 2026) Analysis & Trends
Enphase Energy's Capital Expenditures history runs 16 years deep, the most recent figure standing at $12.0 million for Q1 2026.
- In Q1 2026, Capital Expenditures rose 186.28% year-over-year to $12.0 million; the TTM figure through Mar 2026 stood at $48.5 million (up 59.25% YoY), while the FY2025 annual figure was $40.6 million, up 20.94% from the prior year.
- Capital Expenditures was $12.0 million for Q1 2026 at Enphase Energy, down from $35.7 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $94.2 million in Q4 2023 to a low of -$2.4 million in Q2 2024.
- Historically, Capital Expenditures has averaged $14.3 million across 5 years, with a median of $4.4 million in 2022.
- Biggest YoY gain for Capital Expenditures was 6409.83% in 2022; the steepest drop was 108.23% in 2022.
- A 5-year view of Capital Expenditures shows it stood at $41.1 million in 2022, then surged by 129.37% to $94.2 million in 2023, then sank by 70.41% to $27.9 million in 2024, then grew by 27.99% to $35.7 million in 2025, then sank by 66.25% to $12.0 million in 2026.
- The last three Capital Expenditures figures came in at $12.0 million (Q1 2026), $35.7 million (Q4 2025), and $392000.0 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 118.53 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 48.11 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 12.04 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 26.16 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 409,000.00 |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 329,000.00 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 7.51 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 209,000.00 |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.04 Mn |
| Mar 31, 2026 | 12.04 Mn |
| Dec 31, 2025 | 35.69 Mn |
| Dec 31, 2025 | 35.69 Mn |
| Sep 30, 2025 | 392,000.00 |
| Sep 30, 2025 | 392,000.00 |
| Jun 30, 2025 | 353,000.00 |
| Jun 30, 2025 | 353,000.00 |
| Mar 31, 2025 | 4.21 Mn |
| Mar 31, 2025 | 4.21 Mn |
| Dec 31, 2024 | 27.88 Mn |
| Dec 31, 2024 | 27.88 Mn |
| Sep 30, 2024 | 714,000.00 |
| Sep 30, 2024 | 714,000.00 |
| Jun 30, 2024 | -2.36 Mn |
| Jun 30, 2024 | -2.36 Mn |
| Mar 31, 2024 | 7.37 Mn |
| Mar 31, 2024 | 7.37 Mn |
| Dec 31, 2023 | 94.22 Mn |
| Dec 31, 2023 | 94.22 Mn |