Growth Metrics

Enphase Energy (ENPH) Change in Inventory (2011 - 2026)

Enphase Energy's quarterly Change in Inventory came in at $2.7 million in Q1 2026, up 112.65% year-on-year from $1.2 million in Q1 2025, and down 97.33% quarter-over-quarter from $99.4 million in Q4 2025.

Enphase Energy has reported Change in Inventory for 16 years, with the latest figure at $2.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Inventory rose 112.65% year-over-year to $2.7 million; the trailing twelve-month figure through Mar 2026 stood at $146.7 million (up 329.65% YoY), and the FY2025 full-year result was $123.0 million, up 353.22% from the prior year.
  • Change in Inventory for Q1 2026 stood at $2.7 million, down from $99.4 million in the prior quarter.
  • The five-year high for Change in Inventory was $99.4 million in Q4 2025, with the low at -$31.8 million in Q2 2024.
  • Average Change in Inventory over 5 years is $12.7 million, with a median of $8.0 million recorded in 2023.
  • Year-over-year, Change in Inventory plunged 766.9% in 2024 and jumped 1511.72% in 2025.
  • Tracing ENPH's Change in Inventory over 5 years: stood at $3.2 million in 2022, then surged by 1125.36% to $39.5 million in 2023, then sank by 84.38% to $6.2 million in 2024, then jumped by 1511.72% to $99.4 million in 2025, then sank by 97.33% to $2.7 million in 2026.
  • The last three Change in Inventory figures came in at $2.7 million (Q1 2026), $99.4 million (Q4 2025), and $15.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 143.82 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 2.65 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 38.34 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -30.90 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 69.63 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 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 -6.37 Mn

Historic Data

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DateValue
Mar 31, 2026 2.65 Mn
Mar 31, 2026 2.65 Mn
Dec 31, 2025 99.40 Mn
Dec 31, 2025 99.40 Mn
Sep 30, 2025 15.64 Mn
Sep 30, 2025 15.64 Mn
Jun 30, 2025 28.99 Mn
Jun 30, 2025 28.99 Mn
Mar 31, 2025 -20.98 Mn
Mar 31, 2025 -20.98 Mn
Dec 31, 2024 6.17 Mn
Dec 31, 2024 6.17 Mn
Sep 30, 2024 -17.23 Mn
Sep 30, 2024 -17.23 Mn
Jun 30, 2024 -31.83 Mn
Jun 30, 2024 -31.83 Mn
Mar 31, 2024 -5.70 Mn
Mar 31, 2024 -5.70 Mn
Dec 31, 2023 39.48 Mn
Dec 31, 2023 39.48 Mn
Sep 30, 2023 8.00 Mn
Sep 30, 2023 8.00 Mn
Jun 30, 2023 15.55 Mn
Jun 30, 2023 15.55 Mn
Mar 31, 2023 855,000.00
Mar 31, 2023 855,000.00
Dec 31, 2022 3.22 Mn
Dec 31, 2022 3.22 Mn
Sep 30, 2022 16.19 Mn
Sep 30, 2022 16.19 Mn
Jun 30, 2022 33.83 Mn
Jun 30, 2022 33.83 Mn
Mar 31, 2022 22.04 Mn
Mar 31, 2022 22.04 Mn
Dec 31, 2021 5.62 Mn
Dec 31, 2021 5.62 Mn
Sep 30, 2021 27.65 Mn
Sep 30, 2021 27.65 Mn
Jun 30, 2021 2.88 Mn
Jun 30, 2021 2.88 Mn
Mar 31, 2021 -6.89 Mn
Mar 31, 2021 -6.89 Mn
Dec 31, 2020 4.23 Mn
Dec 31, 2020 4.23 Mn
Sep 30, 2020 6.35 Mn
Sep 30, 2020 6.35 Mn
Jun 30, 2020 -3.43 Mn
Jun 30, 2020 -3.43 Mn
Mar 31, 2020 2.56 Mn
Mar 31, 2020 2.56 Mn
Dec 31, 2019 1.83 Mn
Dec 31, 2019 1.83 Mn
Sep 30, 2019 10.14 Mn
Sep 30, 2019 10.14 Mn
Jun 30, 2019 7.12 Mn
Jun 30, 2019 7.12 Mn
Mar 31, 2019 -3.30 Mn
Mar 31, 2019 -3.30 Mn
Dec 31, 2018 -1.62 Mn
Dec 31, 2018 -1.62 Mn
Sep 30, 2018 416,000.00
Sep 30, 2018 416,000.00
Jun 30, 2018 -1.07 Mn
Jun 30, 2018 -1.07 Mn
Mar 31, 2018 -7.46 Mn
Mar 31, 2018 -7.46 Mn
Dec 31, 2017 683,000.00
Dec 31, 2017 683,000.00
Sep 30, 2017 4.48 Mn
Sep 30, 2017 4.48 Mn
Jun 30, 2017 -12.97 Mn
Jun 30, 2017 -12.97 Mn
Mar 31, 2017 1.85 Mn
Mar 31, 2017 1.85 Mn
Dec 31, 2016 -7.14 Mn
Dec 31, 2016 -7.14 Mn
Sep 30, 2016 -194,000.00
Sep 30, 2016 -194,000.00
Jun 30, 2016 -6.28 Mn
Jun 30, 2016 -6.28 Mn
Mar 31, 2016 4.78 Mn
Mar 31, 2016 4.78 Mn
Dec 31, 2015 4.08 Mn
Dec 31, 2015 4.08 Mn
Sep 30, 2015 2.66 Mn
Sep 30, 2015 2.66 Mn
Jun 30, 2015 -692,000.00
Jun 30, 2015 -692,000.00
Mar 31, 2015 13.16 Mn
Mar 31, 2015 13.16 Mn
Dec 31, 2014 6.10 Mn
Dec 31, 2014 6.10 Mn
Sep 30, 2014 -236,000.00
Sep 30, 2014 -236,000.00
Jun 30, 2014 1.61 Mn
Jun 30, 2014 1.61 Mn
Mar 31, 2014 -2.47 Mn
Mar 31, 2014 -2.47 Mn
Dec 31, 2013 -7.81 Mn
Dec 31, 2013 -7.81 Mn
Sep 30, 2013 6.49 Mn
Sep 30, 2013 6.49 Mn
Jun 30, 2013 -4.40 Mn
Jun 30, 2013 -4.40 Mn
Mar 31, 2013 2.47 Mn
Mar 31, 2013 2.47 Mn
Dec 31, 2012 3.19 Mn
Dec 31, 2012 3.19 Mn
Sep 30, 2012 -14.32 Mn
Sep 30, 2012 -14.32 Mn
Jun 30, 2012 5.31 Mn
Jun 30, 2012 5.31 Mn
Mar 31, 2012 14.43 Mn
Mar 31, 2012 14.43 Mn
Mar 31, 2011 1.30 Mn
Mar 31, 2011 1.30 Mn