Enphase Energy (ENPH) EBIT (2011 - 2026)
Enphase Energy (ENPH) recorded quarterly EBIT of -$29.6 million in Q1 2026, down 232.11% quarter-over-quarter from $22.4 million in Q4 2025, and down 192.86% on a YoY basis from $31.9 million in Q1 2025.
Enphase Energy (ENPH) EBIT (2011 - 2026) Analysis & Trends
Enphase Energy's EBIT history runs 16 years deep, the most recent figure standing at -$29.6 million for Q1 2026.
- In Q1 2026, EBIT fell 192.86% year-over-year to -$29.6 million; the TTM figure through Mar 2026 stood at $96.0 million (down 30.62% YoY), while the FY2025 annual figure was $157.5 million, up 103.81% from the prior year.
- EBIT was -$29.6 million for Q1 2026 at Enphase Energy, down from $22.4 million in the prior quarter.
- In the past five years, EBIT ranged from a high of $170.3 million in Q2 2023 to a low of -$29.6 million in Q1 2026.
- Historically, EBIT has averaged $64.7 million across 5 years, with a median of $54.8 million in 2024.
- The sharpest annual moves came in 2025 and 2026: EBIT soared 1957.09% in 2025, then sank 192.86% in 2026.
- A 5-year view of EBIT shows it stood at $157.0 million in 2022, then tumbled by 106.52% to -$10.2 million in 2023, then jumped by 635.67% to $54.8 million in 2024, then sank by 59.06% to $22.4 million in 2025, then slumped by 232.11% to -$29.6 million in 2026.
- The last three EBIT figures came in at -$29.6 million (Q1 2026), $22.4 million (Q4 2025), and $66.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 345.30 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 153.59 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -29.64 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -55.04 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -43.51 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 7.72 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 7.11 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -84.91 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -2.41 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -29.64 Mn |
| Dec 31, 2025 | 22.44 Mn |
| Sep 30, 2025 | 66.16 Mn |
| Jun 30, 2025 | 37.01 Mn |
| Mar 31, 2025 | 31.92 Mn |
| Dec 31, 2024 | 54.80 Mn |
| Sep 30, 2024 | 49.79 Mn |
| Jun 30, 2024 | 1.80 Mn |
| Mar 31, 2024 | -29.10 Mn |
| Dec 31, 2023 | -10.23 Mn |
| Sep 30, 2023 | 117.99 Mn |
| Jun 30, 2023 | 170.32 Mn |
| Mar 31, 2023 | 167.66 Mn |
| Dec 31, 2022 | 156.96 Mn |
| Sep 30, 2022 | 135.44 Mn |
| Jun 30, 2022 | 94.04 Mn |
| Mar 31, 2022 | 61.82 Mn |
| Dec 31, 2021 | 57.70 Mn |
| Sep 30, 2021 | 37.35 Mn |
| Jun 30, 2021 | 59.40 Mn |