Growth Metrics

Enphase Energy (ENPH) Capital Expenditures (2011 - 2026)

Enphase Energy's quarterly Capital Expenditures came in at $12.0 million in Q1 2026, up 186.28% year-on-year from $4.2 million in Q1 2025, and down 66.25% quarter-over-quarter from $35.7 million in Q4 2025.

Enphase Energy has reported Capital Expenditures for 16 years, with the latest figure at $12.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Capital Expenditures rose 186.28% year-over-year to $12.0 million; the trailing twelve-month figure through Mar 2026 stood at $48.5 million (up 59.25% YoY), and the FY2025 full-year result was $40.6 million, up 20.94% from the prior year.
  • Capital Expenditures for Q1 2026 stood at $12.0 million, down from $35.7 million in the prior quarter.
  • The five-year high for Capital Expenditures was $94.2 million in Q4 2023, with the low at -$2.4 million in Q2 2024.
  • Average Capital Expenditures over 5 years is $14.3 million, with a median of $4.4 million recorded in 2022.
  • Peak annual rise in Capital Expenditures reached 6409.83% in 2022, while the deepest fall reached 108.23% in 2022.
  • Tracing ENPH's Capital Expenditures over 5 years: stood at $41.1 million in 2022, then soared by 129.37% to $94.2 million in 2023, then plunged by 70.41% to $27.9 million in 2024, then increased by 27.99% to $35.7 million in 2025, then plunged 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 26.65 Bn 24.22 Bn 486.13 Mn 118.53 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 48.11 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -266.38 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 12.04 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 26.16 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 409,000.00
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 329,000.00
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 7.51 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 209,000.00

Historic Data

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DateValue
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
Sep 30, 2023 7.87 Mn
Sep 30, 2023 7.87 Mn
Jun 30, 2023 -1.50 Mn
Jun 30, 2023 -1.50 Mn
Mar 31, 2023 9.81 Mn
Mar 31, 2023 9.81 Mn
Dec 31, 2022 41.08 Mn
Dec 31, 2022 41.08 Mn
Sep 30, 2022 2.58 Mn
Sep 30, 2022 2.58 Mn
Jun 30, 2022 -1.57 Mn
Jun 30, 2022 -1.57 Mn
Mar 31, 2022 4.35 Mn
Mar 31, 2022 4.35 Mn
Dec 31, 2021 631,000.00
Dec 31, 2021 631,000.00
Sep 30, 2021 -19.50 Mn
Sep 30, 2021 -19.50 Mn
Jun 30, 2021 19.07 Mn
Jun 30, 2021 19.07 Mn
Mar 31, 2021 7.30 Mn
Mar 31, 2021 7.30 Mn
Dec 31, 2020 1.50 Mn
Dec 31, 2020 1.50 Mn
Sep 30, 2020 496,000.00
Sep 30, 2020 496,000.00
Jun 30, 2020 -1.72 Mn
Jun 30, 2020 -1.72 Mn
Mar 31, 2020 3.35 Mn
Mar 31, 2020 3.35 Mn
Dec 31, 2019 13.86 Mn
Dec 31, 2019 13.86 Mn
Sep 30, 2019 -2.25 Mn
Sep 30, 2019 -2.25 Mn
Jun 30, 2019 2.52 Mn
Jun 30, 2019 2.52 Mn
Mar 31, 2019 658,000.00
Mar 31, 2019 658,000.00
Dec 31, 2018 770,000.00
Dec 31, 2018 770,000.00
Sep 30, 2018 -1.35 Mn
Sep 30, 2018 -1.35 Mn
Jun 30, 2018 432,000.00
Jun 30, 2018 432,000.00
Mar 31, 2018 1.04 Mn
Mar 31, 2018 1.04 Mn
Dec 31, 2017 -3.06 Mn
Dec 31, 2017 -3.06 Mn
Sep 30, 2017 3.30 Mn
Sep 30, 2017 3.30 Mn
Jun 30, 2017 -3.16 Mn
Jun 30, 2017 -3.16 Mn
Mar 31, 2017 3.47 Mn
Mar 31, 2017 3.47 Mn
Dec 31, 2016 183,000.00
Dec 31, 2016 183,000.00
Sep 30, 2016 -421,000.00
Sep 30, 2016 -421,000.00
Jun 30, 2016 -2.41 Mn
Jun 30, 2016 -2.41 Mn
Mar 31, 2016 3.35 Mn
Mar 31, 2016 3.35 Mn
Dec 31, 2015 1.13 Mn
Dec 31, 2015 1.13 Mn
Sep 30, 2015 -1.03 Mn
Sep 30, 2015 -1.03 Mn
Jun 30, 2015 -2.00 Mn
Jun 30, 2015 -2.00 Mn
Mar 31, 2015 3.61 Mn
Mar 31, 2015 3.61 Mn
Dec 31, 2014 -8.00 Mn
Dec 31, 2014 -8.00 Mn
Sep 30, 2014 9.16 Mn
Sep 30, 2014 9.16 Mn
Jun 30, 2014 -1.50 Mn
Jun 30, 2014 -1.50 Mn
Mar 31, 2014 2.17 Mn
Mar 31, 2014 2.17 Mn
Dec 31, 2013 1.37 Mn
Dec 31, 2013 1.37 Mn
Sep 30, 2013 4.58 Mn
Sep 30, 2013 4.58 Mn
Jun 30, 2013 -185,000.00
Jun 30, 2013 -185,000.00
Mar 31, 2013 490,000.00
Mar 31, 2013 490,000.00
Dec 31, 2012 -10.28 Mn
Dec 31, 2012 -10.28 Mn
Sep 30, 2012 9.36 Mn
Sep 30, 2012 9.36 Mn
Jun 30, 2012 -2.91 Mn
Jun 30, 2012 -2.91 Mn
Mar 31, 2012 4.61 Mn
Mar 31, 2012 4.61 Mn
Dec 31, 2011 12.94 Mn
Dec 31, 2011 12.94 Mn
Sep 30, 2011 1.05 Mn
Sep 30, 2011 1.05 Mn
Jun 30, 2011 -739,000.00
Jun 30, 2011 -739,000.00
Mar 31, 2011 1.41 Mn
Mar 31, 2011 1.41 Mn