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
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