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

Enphase Energy (ENPH) has 15 years of Operating Expenses data on record, last reported at $129.6 million in Q4 2025.

  • For Q4 2025, Operating Expenses fell 9.68% year-over-year to $129.6 million; the TTM value through Dec 2025 reached $529.5 million, down 4.05%, while the annual FY2025 figure was $529.5 million, 4.05% down from the prior year.
  • Operating Expenses reached $129.6 million in Q4 2025 per ENPH's latest filing, roughly flat from $130.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $158.7 million in Q1 2023 and bottomed at $61.6 million in Q1 2021.
  • Average Operating Expenses over 5 years is $127.9 million, with a median of $133.0 million recorded in 2022.
  • Peak YoY movement for Operating Expenses: surged 146.64% in 2021, then fell 11.54% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $105.6 million in 2021, then soared by 45.56% to $153.7 million in 2022, then grew by 2.05% to $156.9 million in 2023, then fell by 8.54% to $143.5 million in 2024, then dropped by 9.68% to $129.6 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $129.6 million in Q4 2025, $130.1 million in Q3 2025, and $133.5 million in Q2 2025.