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 $182.5 million for Q1 2026.

• On a quarterly basis, Cost of Revenue fell 2.84% year-over-year to $182.5 million in Q1 2026; TTM through Mar 2026 was $780.6 million, a 5.31% increase from a year earlier, with the FY2025 full-year figure at $786.0 million, up 12.08% from the prior year.
• Cost of Revenue slipped to $182.5 million in Q1 2026 per ENPH's latest filing, from $191.3 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $414.0 million in Q4 2022 and bottomed at $147.8 million in Q1 2024.
• The 5-year median for Cost of Revenue is $202.7 million (2024), against an average of $250.5 million.
• Across the five-year window, Cost of Revenue soared 73.7% in 2022 and plunged 63.01% in 2024, its largest moves.
• Year by year, Cost of Revenue stood at $414.0 million in 2022, then tumbled by 62.34% to $155.9 million in 2023, then advanced by 18.29% to $184.4 million in 2024, then grew by 3.73% to $191.3 million in 2025, then fell by 4.59% to $182.5 million in 2026.
• Per Business Quant, the three latest ENPH Cost of Revenue figures stand at $182.5 million (Q1 2026), $191.3 million (Q4 2025), and $214.2 million (Q3 2025).