Enphase Energy (ENPH) Invested Capital (2011 - 2025)

Enphase Energy's Invested Capital history runs 15 years deep, the most recent figure standing at $632.2 million for Q4 2025.

• On a quarterly basis, Invested Capital rose 524.13% year-over-year to $632.2 million in Q4 2025; TTM through Mar 2026 was $1.9 billion, a 103.66% increase from a year earlier, with the FY2025 full-year figure at $632.2 million, up 524.13% from the prior year.
• Invested Capital was little changed at $632.2 million in Q4 2025 per ENPH's latest filing, from $631.7 million in the prior quarter.
• Across five years, Invested Capital topped out at $632.2 million in Q4 2025 and bottomed at $84.4 million in Q1 2021.
• The 5-year median for Invested Capital is $93.4 million (2023), against an average of $205.3 million.
• Across the five-year window, Invested Capital tumbled 73.6% in 2021 and surged 548.42% in 2025, its largest moves.
• Year by year, Invested Capital stood at $86.1 million in 2021, then advanced by 5.62% to $90.9 million in 2022, then increased by 4.15% to $94.7 million in 2023, then grew by 7.0% to $101.3 million in 2024, then surged by 524.13% to $632.2 million in 2025.
• Per Business Quant, the three latest ENPH Invested Capital figures stand at $632.2 million (Q4 2025), $631.7 million (Q3 2025), and $631.2 million (Q2 2025).