Enphase Energy (ENPH) Change in Receivables (2011 - 2026)
Enphase Energy (ENPH) recorded quarterly Change in Receivables of -$41.6 million in Q1 2026, up 19.12% quarter-over-quarter from -$51.4 million in Q4 2025, and down 2261.08% on a YoY basis from $1.9 million in Q1 2025.
Enphase Energy (ENPH) Change in Receivables (2011 - 2026) Analysis & Trends
Enphase Energy's Change in Receivables history runs 16 years deep, the most recent figure standing at -$41.6 million for Q1 2026.
- In Q1 2026, Change in Receivables fell 2261.08% year-over-year to -$41.6 million; the TTM figure through Mar 2026 stood at -$43.6 million (up 67.93% YoY), while the FY2025 annual figure was -$3.8 million, up 98.19% from the prior year.
- Change in Receivables was -$41.6 million for Q1 2026 at Enphase Energy, up from -$51.4 million in the prior quarter.
- In the past five years, Change in Receivables ranged from a high of $88.9 million in Q4 2022 to a low of -$105.8 million in Q4 2023.
- Historically, Change in Receivables has averaged -$8.1 million across 5 years, with a median of -$2.7 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Change in Receivables soared 946.32% in 2022, then plunged 2261.08% in 2026.
- A 5-year view of Change in Receivables shows it stood at $88.9 million in 2022, then sank by 219.01% to -$105.8 million in 2023, then soared by 97.46% to -$2.7 million in 2024, then tumbled by 1814.27% to -$51.4 million in 2025, then advanced by 19.12% to -$41.6 million in 2026.
- The last three Change in Receivables figures came in at -$41.6 million (Q1 2026), -$51.4 million (Q4 2025), and $58.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 85.76 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -41.56 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -43.56 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -22.09 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 412,000.00 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | - |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 1.23 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -41.56 Mn |
| Mar 31, 2026 | -41.56 Mn |
| Dec 31, 2025 | -51.38 Mn |
| Dec 31, 2025 | -51.38 Mn |
| Sep 30, 2025 | 57.98 Mn |
| Sep 30, 2025 | 57.98 Mn |
| Jun 30, 2025 | -8.68 Mn |
| Jun 30, 2025 | -8.68 Mn |
| Mar 31, 2025 | -1.76 Mn |
| Mar 31, 2025 | -1.76 Mn |
| Dec 31, 2024 | -2.68 Mn |
| Dec 31, 2024 | -2.68 Mn |
| Sep 30, 2024 | -49.41 Mn |
| Sep 30, 2024 | -49.41 Mn |
| Jun 30, 2024 | -82.18 Mn |
| Jun 30, 2024 | -82.18 Mn |
| Mar 31, 2024 | -77.36 Mn |
| Mar 31, 2024 | -77.36 Mn |
| Dec 31, 2023 | -105.77 Mn |
| Dec 31, 2023 | -105.77 Mn |