Enphase Energy (ENPH) Invested Capital (2011 - 2026)

Enphase Energy's Invested Capital history runs 16 years deep, the most recent figure standing at $1.7 billion for Q1 2026.

• In Q1 2026, Invested Capital fell 16.78% year-over-year to $1.7 billion; the TTM figure through Mar 2026 stood at $1.7 billion (down 16.78% YoY), while the FY2025 annual figure was $2.3 billion, up 7.31% from the prior year.
• Invested Capital was $1.7 billion for Q1 2026 at Enphase Energy, down from $2.3 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $2.3 billion in Q3 2023 to a low of $1.0 billion in Q2 2022.
• Historically, Invested Capital has averaged $1.8 billion across 5 years, with a median of $1.9 billion in 2022.
• The sharpest annual moves came in 2025 and 2026: Invested Capital surged 56.12% in 2025, then declined 16.78% in 2026.
• A 5-year view of Invested Capital shows it stood at $2.1 billion in 2022, then climbed by 7.63% to $2.3 billion in 2023, then retreated by 6.23% to $2.1 billion in 2024, then increased by 7.31% to $2.3 billion in 2025, then slipped by 26.91% to $1.7 billion in 2026.
• The last three Invested Capital figures came in at $1.7 billion (Q1 2026), $2.3 billion (Q4 2025), and $2.2 billion (Q3 2025), per Business Quant data.