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Enphase Energy (ENPH) Operating Expenses (2016 - 2025)

Enphase Energy has reported Operating Expenses over the past 15 years, most recently at $129.6 million for Q4 2025.

  • Quarterly results put Operating Expenses at $129.6 million for Q4 2025, down 9.68% from a year ago — trailing twelve months through Dec 2025 was $529.5 million (down 4.05% YoY), and the annual figure for FY2025 was $529.5 million, down 4.05%.
  • Operating Expenses for Q4 2025 was $129.6 million at Enphase Energy, roughly flat from $130.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for ENPH hit a ceiling of $158.7 million in Q1 2023 and a floor of $61.6 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $133.0 million (2022), compared with a mean of $127.9 million.
  • Biggest five-year swings in Operating Expenses: skyrocketed 146.64% in 2021 and later decreased 11.54% in 2024.
  • Enphase Energy's Operating Expenses stood at $105.6 million in 2021, then skyrocketed by 45.56% to $153.7 million in 2022, then increased by 2.05% to $156.9 million in 2023, then dropped by 8.54% to $143.5 million in 2024, then decreased by 9.68% to $129.6 million in 2025.
  • The last three reported values for Operating Expenses were $129.6 million (Q4 2025), $130.1 million (Q3 2025), and $133.5 million (Q2 2025) per Business Quant data.