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
Download Data| Date | Value |
|---|---|
| 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 |