Enphase Energy (ENPH) EBITDA (2011 - 2026)

Enphase Energy's (ENPH) quarterly EBITDA came in at -$29.6 million in Q1 2026, down 192.86% year-on-year from $31.9 million in Q1 2025, and down 232.11% quarter-over-quarter from $22.4 million in Q4 2025.

Enphase Energy (ENPH) EBITDA (2011 - 2026) Analysis & Trends

Enphase Energy's EBITDA history runs 16 years deep, the most recent figure standing at -$29.6 million for Q1 2026.

  • On a quarterly basis, EBITDA fell 192.86% year-over-year to -$29.6 million in Q1 2026; TTM through Mar 2026 was $96.0 million, a 30.62% decrease from a year earlier, with the FY2025 full-year figure at $157.5 million, up 103.81% from the prior year.
  • EBITDA declined to -$29.6 million in Q1 2026 per ENPH's latest filing, from $22.4 million in the prior quarter.
  • Across five years, EBITDA topped out at $170.3 million in Q2 2023 and bottomed at -$29.6 million in Q1 2026.
  • The 5-year median for EBITDA is $54.8 million (2024), against an average of $64.7 million.
  • Across the five-year window, EBITDA surged 1957.09% in 2025 and sank 192.86% in 2026, its largest moves.
  • Year by year, EBITDA stood at $157.0 million in 2022, then sank by 106.52% to -$10.2 million in 2023, then jumped by 635.67% to $54.8 million in 2024, then tumbled by 59.06% to $22.4 million in 2025, then plunged by 232.11% to -$29.6 million in 2026.
  • Per Business Quant, the three latest ENPH EBITDA figures stand at -$29.6 million (Q1 2026), $22.4 million (Q4 2025), and $66.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 345.30 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 153.59 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -29.64 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -84.91 Mn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -55.04 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -43.51 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 7.72 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -64.06 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 7.11 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 36.27 Mn

Historic Data

Download Data
DateValue
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