Enphase Energy (ENPH) Cash from Operations (2011 - 2026)
Enphase Energy (ENPH) reported Cash from Operations of $90,000 for Q3 2026, down 99.4% from $13.92 million a year earlier and down 99.8% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Cash from Operations (2011 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Enphase Energy's Cash from Operations came in at $190.86 million, down 25.5% year-over-year; for FY2025, it was $136.54 million, down 73.4% from FY2024.
- Cash from Operations has declined for three consecutive years, with a five-year compound annual growth rate of -8.8% (FY2020 to FY2025).
- By year, Cash from Operations came in at $513.69 million in FY2024 (-26.3%), $696.78 million in FY2023 (-6.4%), $744.82 million in FY2022 (+111.6%) and $352.03 million in FY2021 (+62.7%).
- The Q3 2026 figure ranks as the lowest quarterly Cash from Operations since Q4 2017.
- Year over year, Cash from Operations gained in three of the last eight quarters, with growth averaging 24.1%.
- The high point for year-over-year Cash from Operations in five years was Q4 2024 (growth of 371.9%); the low point was Q3 2026 (a decline of 99.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $40.32 million (Q2 2026), $102.87 million (Q1 2026) and $47.58 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 6.06 Bn |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | -27.14 Mn |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | -42.95 Mn |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 158.10 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 202.72 Mn |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 170.99 Mn |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 297.90 Mn |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 230.16 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 59.20 Mn |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 90,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 90,000.00 |
| 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 |
API Access
Enphase Energy Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();