Enphase Energy ENPH
NASDAQ ENPH
$36.86 +0.14 (+0.38%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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