Enphase Energy (ENPH) Operating Expenses (2011 - 2026)

Enphase Energy has reported Operating Expenses for 16 years, with the latest figure at $130.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 4.61% year-over-year to $130.0 million; the trailing twelve-month figure through Mar 2026 stood at $523.2 million (down 3.75% YoY), and the FY2025 full-year result was $529.5 million, down 4.05% from the prior year.
• Operating Expenses for Q1 2026 stood at $130.0 million, roughly flat from $129.6 million in the prior quarter.
• The five-year high for Operating Expenses was $158.7 million in Q1 2023, with the low at $115.1 million in Q1 2022.
• Average Operating Expenses over 5 years is $138.3 million, with a median of $135.4 million recorded in 2024.
• Year-over-year, Operating Expenses jumped 87.04% in 2022 and decreased 11.54% in 2024.
• Tracing ENPH's Operating Expenses over 5 years: stood at $153.7 million in 2022, then increased by 2.05% to $156.9 million in 2023, then retreated by 8.54% to $143.5 million in 2024, then declined by 9.68% to $129.6 million in 2025, then rose by 0.34% to $130.0 million in 2026.
• The last three Operating Expenses figures came in at $130.0 million (Q1 2026), $129.6 million (Q4 2025), and $130.1 million (Q3 2025), per Business Quant data.

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