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

Enphase Energy has reported Invested Capital for 16 years, with the latest figure at $1.7 billion in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital fell 16.78% year-over-year to $1.7 billion; the trailing twelve-month figure through Mar 2026 stood at $1.7 billion (down 16.78% YoY), and the FY2025 full-year result was $2.3 billion, up 7.31% from the prior year.
• Invested Capital for Q1 2026 stood at $1.7 billion, down from $2.3 billion in the prior quarter.
• The five-year high for Invested Capital was $2.3 billion in Q3 2023, with the low at $1.0 billion in Q2 2022.
• Average Invested Capital over 5 years is $1.8 billion, with a median of $1.9 billion recorded in 2022.
• Year-over-year, Invested Capital jumped 56.12% in 2025 and retreated 16.78% in 2026.
• Tracing ENPH's Invested Capital over 5 years: stood at $2.1 billion in 2022, then grew by 7.63% to $2.3 billion in 2023, then decreased by 6.23% to $2.1 billion in 2024, then rose by 7.31% to $2.3 billion in 2025, then dropped 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.

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