Enphase Energy (ENPH) Net Income (2011 - 2026)

Enphase Energy (ENPH) recorded quarterly Net Income of -$7.4 million in Q1 2026, down 119.23% quarter-over-quarter from $38.7 million in Q4 2025, and down 125.07% on a YoY basis from $29.7 million in Q1 2025.

Enphase Energy (ENPH) Net Income (2011 - 2026) Analysis & Trends

Enphase Energy's Net Income history runs 16 years deep, the most recent figure standing at -$7.4 million for Q1 2026.

  • In Q1 2026, Net Income fell 125.07% year-over-year to -$7.4 million; the TTM figure through Mar 2026 stood at $134.9 million (down 9.07% YoY), while the FY2025 annual figure was $172.1 million, up 67.68% from the prior year.
  • Net Income was -$7.4 million for Q1 2026 at Enphase Energy, down from $38.7 million in the prior quarter.
  • In the past five years, Net Income ranged from a high of $157.2 million in Q2 2023 to a low of -$16.1 million in Q1 2024.
  • Historically, Net Income has averaged $64.9 million across 5 years, with a median of $51.8 million in 2022.
  • The sharpest annual moves came in 2022 and 2026: Net Income jumped 426.65% in 2022, then tumbled 125.07% in 2026.
  • A 5-year view of Net Income shows it stood at $153.8 million in 2022, then plunged by 86.38% to $20.9 million in 2023, then jumped by 196.9% to $62.2 million in 2024, then sank by 37.72% to $38.7 million in 2025, then tumbled by 119.23% to -$7.4 million in 2026.
  • The last three Net Income figures came in at -$7.4 million (Q1 2026), $38.7 million (Q4 2025), and $66.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 346.62 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 150.60 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -7.45 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -57.37 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -297.33 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn -297,000.00
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 2.03 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -228.75 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -1.75 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 -7.45 Mn
Dec 31, 2025 38.72 Mn
Sep 30, 2025 66.62 Mn
Jun 30, 2025 37.05 Mn
Mar 31, 2025 29.70 Mn
Dec 31, 2024 62.16 Mn
Sep 30, 2024 45.70 Mn
Jun 30, 2024 10.83 Mn
Mar 31, 2024 -16.10 Mn
Dec 31, 2023 20.94 Mn
Sep 30, 2023 113.91 Mn
Jun 30, 2023 157.19 Mn
Mar 31, 2023 146.87 Mn
Dec 31, 2022 153.76 Mn
Sep 30, 2022 114.86 Mn
Jun 30, 2022 77.01 Mn
Mar 31, 2022 51.81 Mn
Dec 31, 2021 52.58 Mn
Sep 30, 2021 21.81 Mn
Jun 30, 2021 39.31 Mn