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
DateValue
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