Enphase Energy (ENPH) Ending Cash Balance (2011 - 2026)
Enphase Energy (ENPH) recorded Ending Cash Balance of $380.4 million in Q3 2026, down 5.3% from $401.88 million a year earlier and down 28.1% from the prior quarter.
Enphase Energy (ENPH) Ending Cash Balance (2011 - 2026) Analysis & Trends
For FY2025, Enphase Energy reported Ending Cash Balance of $474.32 million, up 2.2% from FY2024.
- Annual Ending Cash Balance has a five-year compound annual growth rate of -6.9% (FY2020 to FY2025).
- Across earlier years, Ending Cash Balance came in at $464.12 million in FY2024 (+60.7%), $288.75 million in FY2023 (-39.0%), $473.24 million in FY2022 (+296.6%) and $119.32 million in FY2021 (-82.4%).
- The Q3 2026 figure is the lowest quarterly Ending Cash Balance since Q2 2025.
- On a year-over-year basis, Ending Cash Balance rose in seven of the last eight quarters, with growth averaging 36.0%.
- Peak year-over-year performance for Ending Cash Balance in the last five years was growth of 296.6% in Q4 2022, against a decline of 83.1% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $529.34 million (Q2 2026), $497.55 million (Q1 2026) and $474.32 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Ending Cash Balance (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 204.52 Bn | 156.77 Bn | 3.11 Bn | 16.76 Bn |
| 2 | Bloom Energy | 49.50 Bn | 39.43 Bn | 417.10 Mn | 2.51 Bn |
| 3 | First Solar | 21.04 Bn | 12.41 Bn | 713.06 Mn | 1.59 Bn |
| 4 | Nextpower | 15.01 Bn | 10.72 Bn | 345.32 Mn | 1.03 Bn |
| 5 | BWX Technologies | 10.53 Bn | 8.35 Bn | 227.14 Mn | 576.80 Mn |
| 6 | Generac Holdings | 10.17 Bn | 8.90 Bn | 516.04 Mn | 393.67 Mn |
| 7 | EnerSys | 5.18 Bn | 3.37 Bn | 313.36 Mn | 530.66 Mn |
| 8 | Mirion Technologies | 4.15 Bn | 2.56 Bn | 131.50 Mn | 411.60 Mn |
| 9 | Enphase Energy | 3.83 Bn | -480.29 Mn | 127.12 Mn | 380.40 Mn |
| 10 | QuantumScape | 2.55 Bn | -1.00 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 380.40 Mn |
| Jun 30, 2026 | 529.34 Mn |
| Mar 31, 2026 | 497.55 Mn |
| Dec 31, 2025 | 474.32 Mn |
| Sep 30, 2025 | 401.88 Mn |
| Jun 30, 2025 | 370.54 Mn |
| Mar 31, 2025 | 415.09 Mn |
| Dec 31, 2024 | 464.12 Mn |
| Sep 30, 2024 | 256.33 Mn |
| Jun 30, 2024 | 252.10 Mn |
| Mar 31, 2024 | 253.65 Mn |
| Dec 31, 2023 | 288.75 Mn |
| Sep 30, 2023 | 290.08 Mn |
| Jun 30, 2023 | 278.68 Mn |
| Mar 31, 2023 | 286.05 Mn |
| Dec 31, 2022 | 473.24 Mn |
| Sep 30, 2022 | 337.58 Mn |
| Jun 30, 2022 | 495.47 Mn |
| Mar 31, 2022 | 251.85 Mn |
| Dec 31, 2021 | 119.32 Mn |
Enphase Energy Ending Cash Balance 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=ending-cash-balance&ticker=ENPH&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ending-cash-balance", "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=ending-cash-balance&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();