Enphase Energy (ENPH) Free Cash Flow (2011 - 2026)
Enphase Energy (ENPH) posted quarterly Free Cash Flow of $25.9 million for Q2 2026, up 41.15% year-over-year from $18.4 million in Q2 2025, and down 68.75% quarter-over-quarter from $83.0 million in Q1 2026.
Enphase Energy (ENPH) Free Cash Flow (2011 - 2026) Analysis & Trends
Enphase Energy's Free Cash Flow history runs 16 years deep, the most recent figure standing at $25.9 million for Q2 2026.
- In Q2 2026, Free Cash Flow rose 41.15% year-over-year to $25.9 million; the TTM figure through Jun 2026 stood at $152.6 million (down 59.08% YoY), while the FY2025 annual figure was $95.9 million, down 80.02% from the prior year.
- Free Cash Flow for Q2 2026 stood at $25.9 million, down from $83.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $237.3 million in Q4 2022, with the low at $5.9 million in Q3 2025.
- The 5-year median for Free Cash Flow is $104.0 million (2022), against an average of $109.4 million.
- The sharpest annual moves came in 2024 and 2025: Free Cash Flow soared 935.63% in 2024, then slumped 96.36% in 2025.
- Enphase Energy's Free Cash Flow stood at $237.3 million in 2022, then tumbled by 93.52% to $15.4 million in 2023, then jumped by 935.63% to $159.2 million in 2024, then tumbled by 76.24% to $37.8 million in 2025, then sank by 31.48% to $25.9 million in 2026.
- Business Quant data shows ENPH's Free Cash Flow at $25.9 million in Q2 2026, $83.0 million in Q1 2026, and $37.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | -255.15 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 105.16 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 25.93 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -190.47 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 11.42 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | -207,000.00 |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 201.34 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 113.65 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 38.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.93 Mn |
| Jun 30, 2026 | 25.93 Mn |
| Mar 31, 2026 | 82.97 Mn |
| Mar 31, 2026 | 82.97 Mn |
| Dec 31, 2025 | 37.84 Mn |
| Dec 31, 2025 | 37.84 Mn |
| Sep 30, 2025 | 5.89 Mn |
| Sep 30, 2025 | 5.89 Mn |
| Jun 30, 2025 | 18.37 Mn |
| Jun 30, 2025 | 18.37 Mn |
| Mar 31, 2025 | 33.81 Mn |
| Mar 31, 2025 | 33.81 Mn |
| Dec 31, 2024 | 159.23 Mn |
| Dec 31, 2024 | 159.23 Mn |
| Sep 30, 2024 | 161.61 Mn |
| Sep 30, 2024 | 161.61 Mn |
| Jun 30, 2024 | 117.95 Mn |
| Jun 30, 2024 | 117.95 Mn |
| Mar 31, 2024 | 41.30 Mn |
| Mar 31, 2024 | 41.30 Mn |