Enphase Energy (ENPH) Change in Receivables (2011 - 2026)
Enphase Energy's (ENPH) quarterly Change in Receivables came in at -$41.6 million in Q1 2026, down 2261.08% year-on-year from $1.9 million in Q1 2025, and up 19.12% quarter-over-quarter from -$51.4 million in Q4 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.
- On a quarterly basis, Change in Receivables fell 2261.08% year-over-year to -$41.6 million in Q1 2026; TTM through Mar 2026 was -$43.6 million, a 67.93% increase from a year earlier, with the FY2025 full-year figure at -$3.8 million, up 98.19% from the prior year.
- Change in Receivables grew to -$41.6 million in Q1 2026 per ENPH's latest filing, from -$51.4 million in the prior quarter.
- Across five years, Change in Receivables topped out at $88.9 million in Q4 2022 and bottomed at -$105.8 million in Q4 2023.
- The 5-year median for Change in Receivables is -$2.7 million (2024), against an average of -$8.1 million.
- Across the five-year window, Change in Receivables surged 946.32% in 2022 and plunged 2261.08% in 2026, its largest moves.
- Year by year, Change in Receivables stood at $88.9 million in 2022, then tumbled by 219.01% to -$105.8 million in 2023, then soared by 97.46% to -$2.7 million in 2024, then sank by 1814.27% to -$51.4 million in 2025, then advanced by 19.12% to -$41.6 million in 2026.
- Per Business Quant, the three latest ENPH Change in Receivables figures stand at -$41.6 million (Q1 2026), -$51.4 million (Q4 2025), and $58.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 85.76 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -41.56 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -43.56 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -22.09 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 412,000.00 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | - |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | - |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 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 |