Enphase Energy (ENPH) Cash from Operations (2011 - 2026)
Enphase Energy (ENPH) posted Cash from Operations of $40.3 million for Q2 2026, down 60.8% on a QoQ basis from $102.9 million in Q1 2026, and up 51.43% year-over-year from $26.6 million in Q2 2025.
Analysis
Enphase Energy (ENPH) Cash from Operations (2011 - 2026) Analysis & Trends
Enphase Energy has reported Cash from Operations for 16 years, with the latest figure at $40.3 million in Q2 2026.
- On a quarterly basis, Cash from Operations rose 51.43% year-over-year to $40.3 million in Q2 2026; TTM through Jun 2026 was $204.7 million, a 50.37% decrease from a year earlier, with the FY2025 full-year figure at $136.5 million, down 73.42% from the prior year.
- Cash from Operations was $40.3 million for Q2 2026 at Enphase Energy, down from $102.9 million in the prior quarter.
- The five-year high for Cash from Operations was $269.2 million in Q2 2023, with the low at $13.9 million in Q3 2025.
- Average Cash from Operations over 5 years is $124.2 million, with a median of $115.0 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Cash from Operations surged 371.91% in 2024, then sank 91.82% in 2025.
- Over 5 years, Cash from Operations stood at $253.7 million in 2022, then plunged by 86.03% to $35.4 million in 2023, then soared by 371.91% to $167.3 million in 2024, then slumped by 71.56% to $47.6 million in 2025, then declined by 15.25% to $40.3 million in 2026.
- The last three Cash from Operations figures came in at $40.3 million (Q2 2026), $102.9 million (Q1 2026), and $47.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | -144.90 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 121.06 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 40.32 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 11.42 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | -30.11 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 6.81 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -180.76 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 121.28 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 28.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.32 Mn |
| Mar 31, 2026 | 102.87 Mn |
| Dec 31, 2025 | 47.58 Mn |
| Sep 30, 2025 | 13.92 Mn |
| Jun 30, 2025 | 26.63 Mn |
| Mar 31, 2025 | 48.41 Mn |
| Dec 31, 2024 | 167.29 Mn |
| Sep 30, 2024 | 170.14 Mn |
| Jun 30, 2024 | 127.06 Mn |
| Mar 31, 2024 | 49.20 Mn |
| Dec 31, 2023 | 35.45 Mn |
| Sep 30, 2023 | 145.86 Mn |
| Jun 30, 2023 | 269.24 Mn |
| Mar 31, 2023 | 246.23 Mn |
| Dec 31, 2022 | 253.71 Mn |
| Sep 30, 2022 | 188.01 Mn |
| Jun 30, 2022 | 200.65 Mn |
| Mar 31, 2022 | 102.44 Mn |
| Dec 31, 2021 | 97.17 Mn |
| Sep 30, 2021 | 113.35 Mn |