Enphase Energy (ENPH) Cost of Revenue (2011 - 2026)

Enphase Energy's Cost of Revenue history runs 16 years deep, the most recent figure standing at $48.1 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 1.76% year-over-year to $48.1 million; the TTM figure through Mar 2026 stood at $338.5 million (down 4.7% YoY), while the FY2025 annual figure was $786.0 million, up 280.52% from the prior year.
• Cost of Revenue was $48.1 million for Q1 2026 at Enphase Energy, down from $191.3 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $414.0 million in Q4 2022 to a low of $41.3 million in Q1 2022.
• Historically, Cost of Revenue has averaged $135.8 million across 5 years, with a median of $55.3 million in 2022.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue slumped 76.88% in 2022, then surged 866.63% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $414.0 million in 2022, then sank by 62.34% to $155.9 million in 2023, then sank by 66.78% to $51.8 million in 2024, then soared by 269.29% to $191.3 million in 2025, then sank by 74.86% to $48.1 million in 2026.
• The last three Cost of Revenue figures came in at $48.1 million (Q1 2026), $191.3 million (Q4 2025), and $48.4 million (Q3 2025), per Business Quant data.