Growth Metrics

Enphase Energy (ENPH) Cost Of Revenue (2016 - 2024)

Enphase Energy has reported Cost of Revenue over the past 15 years, most recently at $637.9 million for Q4 2025.

  • Quarterly results put Cost of Revenue at $637.9 million for Q4 2025, up 245.89% from a year ago — trailing twelve months through Dec 2025 was $927.9 million (up 104.53% YoY), and the annual figure for FY2025 was $786.0 million, up 12.08%.
  • Cost of Revenue for Q4 2025 was $637.9 million at Enphase Energy, up from $48.4 million in the prior quarter.
  • Over the last five years, Cost of Revenue for ENPH hit a ceiling of $637.9 million in Q4 2025 and a floor of $19.6 million in Q1 2021.
  • Median Cost of Revenue over the past 5 years was $53.5 million (2022), compared with a mean of $175.8 million.
  • Peak annual rise in Cost of Revenue hit 866.63% in 2023, while the deepest fall reached 87.1% in 2023.
  • Enphase Energy's Cost of Revenue stood at $44.5 million in 2021, then skyrocketed by 830.85% to $414.0 million in 2022, then crashed by 87.1% to $53.4 million in 2023, then surged by 245.3% to $184.4 million in 2024, then soared by 245.89% to $637.9 million in 2025.
  • The last three reported values for Cost of Revenue were $637.9 million (Q4 2025), $48.4 million (Q3 2025), and $192.7 million (Q2 2025) per Business Quant data.