Growth Metrics

Enphase Energy (ENPH) Free Cash Flow (2011 - 2026)

Enphase Energy's quarterly Free Cash Flow came in at $90.8 million in Q1 2026, up 105.46% year-on-year from $44.2 million in Q1 2025, and up 663.77% quarter-over-quarter from $11.9 million in Q4 2025.

Enphase Energy has reported Free Cash Flow for 16 years, with the latest figure at $90.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 105.46% year-over-year to $90.8 million; the trailing twelve-month figure through Mar 2026 stood at $142.5 million (down 70.46% YoY), and the FY2025 full-year result was $95.9 million, down 80.02% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $90.8 million, up from $11.9 million in the prior quarter.
  • The five-year high for Free Cash Flow was $270.7 million in Q2 2023, with the low at -$58.8 million in Q4 2023.
  • Average Free Cash Flow over 5 years is $114.8 million, with a median of $129.4 million recorded in 2024.
  • Year-over-year, Free Cash Flow tumbled 127.64% in 2023 and soared 337.22% in 2024.
  • Tracing ENPH's Free Cash Flow over 5 years: stood at $212.6 million in 2022, then slumped by 127.64% to -$58.8 million in 2023, then soared by 337.22% to $139.4 million in 2024, then slumped by 91.47% to $11.9 million in 2025, then surged by 663.77% to $90.8 million in 2026.
  • The last three Free Cash Flow figures came in at $90.8 million (Q1 2026), $11.9 million (Q4 2025), and $13.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn -333.40 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 123.32 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 201.34 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 90.83 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -1.73 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 10.21 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn -41.78 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -36.93 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -9.46 Mn

Historic Data

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DateValue
Mar 31, 2026 90.83 Mn
Mar 31, 2026 90.83 Mn
Dec 31, 2025 11.89 Mn
Dec 31, 2025 11.89 Mn
Sep 30, 2025 13.53 Mn
Sep 30, 2025 13.53 Mn
Jun 30, 2025 26.28 Mn
Jun 30, 2025 26.28 Mn
Mar 31, 2025 44.21 Mn
Mar 31, 2025 44.21 Mn
Dec 31, 2024 139.41 Mn
Dec 31, 2024 139.41 Mn
Sep 30, 2024 169.42 Mn
Sep 30, 2024 169.42 Mn
Jun 30, 2024 129.43 Mn
Jun 30, 2024 129.43 Mn
Mar 31, 2024 41.83 Mn
Mar 31, 2024 41.83 Mn
Dec 31, 2023 -58.77 Mn
Dec 31, 2023 -58.77 Mn
Sep 30, 2023 137.98 Mn
Sep 30, 2023 137.98 Mn
Jun 30, 2023 270.75 Mn
Jun 30, 2023 270.75 Mn
Mar 31, 2023 236.42 Mn
Mar 31, 2023 236.42 Mn
Dec 31, 2022 212.64 Mn
Dec 31, 2022 212.64 Mn
Sep 30, 2022 185.43 Mn
Sep 30, 2022 185.43 Mn
Jun 30, 2022 202.22 Mn
Jun 30, 2022 202.22 Mn
Mar 31, 2022 98.09 Mn
Mar 31, 2022 98.09 Mn
Dec 31, 2021 96.54 Mn
Dec 31, 2021 96.54 Mn
Sep 30, 2021 132.86 Mn
Sep 30, 2021 132.86 Mn
Jun 30, 2021 46.59 Mn
Jun 30, 2021 46.59 Mn
Mar 31, 2021 68.54 Mn
Mar 31, 2021 68.54 Mn
Dec 31, 2020 82.68 Mn
Dec 31, 2020 82.68 Mn
Sep 30, 2020 67.01 Mn
Sep 30, 2020 67.01 Mn
Jun 30, 2020 27.15 Mn
Jun 30, 2020 27.15 Mn
Mar 31, 2020 35.87 Mn
Mar 31, 2020 35.87 Mn
Dec 31, 2019 88.41 Mn
Dec 31, 2019 88.41 Mn
Sep 30, 2019 7.21 Mn
Sep 30, 2019 7.21 Mn
Jun 30, 2019 12.25 Mn
Jun 30, 2019 12.25 Mn
Mar 31, 2019 16.41 Mn
Mar 31, 2019 16.41 Mn
Dec 31, 2018 1.11 Mn
Dec 31, 2018 1.11 Mn
Sep 30, 2018 8.17 Mn
Sep 30, 2018 8.17 Mn
Jun 30, 2018 3.65 Mn
Jun 30, 2018 3.65 Mn
Mar 31, 2018 2.32 Mn
Mar 31, 2018 2.32 Mn
Dec 31, 2017 1.14 Mn
Dec 31, 2017 1.14 Mn
Sep 30, 2017 -5.50 Mn
Sep 30, 2017 -5.50 Mn
Jun 30, 2017 3.34 Mn
Jun 30, 2017 3.34 Mn
Mar 31, 2017 -27.98 Mn
Mar 31, 2017 -27.98 Mn
Dec 31, 2016 -4.55 Mn
Dec 31, 2016 -4.55 Mn
Sep 30, 2016 -20.18 Mn
Sep 30, 2016 -20.18 Mn
Jun 30, 2016 9.67 Mn
Jun 30, 2016 9.67 Mn
Mar 31, 2016 -18.60 Mn
Mar 31, 2016 -18.60 Mn
Dec 31, 2015 7.02 Mn
Dec 31, 2015 7.02 Mn
Sep 30, 2015 -5.01 Mn
Sep 30, 2015 -5.01 Mn
Jun 30, 2015 -9.77 Mn
Jun 30, 2015 -9.77 Mn
Mar 31, 2015 -15.11 Mn
Mar 31, 2015 -15.11 Mn
Dec 31, 2014 16.88 Mn
Dec 31, 2014 16.88 Mn
Sep 30, 2014 2.05 Mn
Sep 30, 2014 2.05 Mn
Jun 30, 2014 1.35 Mn
Jun 30, 2014 1.35 Mn
Mar 31, 2014 2.11 Mn
Mar 31, 2014 2.11 Mn
Dec 31, 2013 6.21 Mn
Dec 31, 2013 6.21 Mn
Sep 30, 2013 -5.07 Mn
Sep 30, 2013 -5.07 Mn
Jun 30, 2013 -805,000.00
Jun 30, 2013 -805,000.00
Mar 31, 2013 -7.46 Mn
Mar 31, 2013 -7.46 Mn
Dec 31, 2012 17.91 Mn
Dec 31, 2012 17.91 Mn
Sep 30, 2012 -29.79 Mn
Sep 30, 2012 -29.79 Mn
Jun 30, 2012 -14.86 Mn
Jun 30, 2012 -14.86 Mn
Mar 31, 2012 -18.68 Mn
Mar 31, 2012 -18.68 Mn
Dec 31, 2011 -12.94 Mn
Dec 31, 2011 -12.94 Mn
Sep 30, 2011 -1.05 Mn
Sep 30, 2011 -1.05 Mn
Jun 30, 2011 739,000.00
Jun 30, 2011 739,000.00
Mar 31, 2011 -10.42 Mn
Mar 31, 2011 -10.42 Mn