Enphase Energy (ENPH) Cash from Operations (2011 - 2026)
Enphase Energy (ENPH) reported Cash from Operations of $40.32 million for Q2 2026, up 51.4% from $26.63 million a year earlier but down 60.8% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Cash from Operations (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Enphase Energy's Cash from Operations came in at $204.69 million, down 50.4% 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%).
- Five-year quarterly Cash from Operations spans a low of $13.92 million in Q3 2025 and a high of $269.24 million in Q2 2023.
- Year over year, Cash from Operations gained in four of the last eight quarters, with growth averaging 38.6%.
- 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 2025 (a decline of 91.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $102.87 million (Q1 2026), $47.58 million (Q4 2025) and $13.92 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 5.49 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 226.43 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | -144.90 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 156.40 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 121.21 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 121.06 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 230.16 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 40.32 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 58.50 Mn |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 | -58.18 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 |
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();