Enphase Energy (ENPH) Cost of Revenue (2011 - 2026)
Enphase Energy (ENPH) posted Cost of Revenue of $116.84 million for Q2 2026, down 39.4% from $192.66 million a year earlier and down 36.0% from the prior quarter.
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Enphase Energy (ENPH) Cost of Revenue (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Enphase Energy was $704.83 million, down 8.2% year-over-year; for FY2025, it came in at $785.98 million, up 12.1% from FY2024.
- Annual Cost of Revenue shows a five-year compound annual growth rate of 12.9% (FY2020 to FY2025).
- In prior years, Enphase Energy's Cost of Revenue was $701.25 million in FY2024 (-43.1%), $1.23 billion in FY2023 (-9.1%), $1.36 billion in FY2022 (+63.9%) and $827.63 million in FY2021 (+93.2%).
- The Q2 2026 figure stands as the lowest quarterly Cost of Revenue since Q3 2020.
- On a year-over-year basis, Cost of Revenue increased in five of the last eight quarters, with an average decline of 0.2%.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q3 2021, with growth of 152.8%; the weakest was Q1 2024, with a decline of 63.0%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $182.51 million (Q1 2026), $191.29 million (Q4 2025) and $214.19 million (Q3 2025).
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Enphase Energy Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();