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

Enphase Energy has reported Operating Expenses for 16 years, with the latest figure at $123.5 million in Q2 2026.

• On a quarterly basis, Operating Expenses fell 7.48% year-over-year to $123.5 million in Q2 2026; TTM through Jun 2026 was $513.2 million, a 5.26% decrease from a year earlier, with the FY2025 full-year figure at $529.5 million, down 4.05% from the prior year.
• Operating Expenses was $123.5 million for Q2 2026 at Enphase Energy, down from $130.0 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 $137.4 million, with a median of $134.4 million recorded in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 87.04% in 2022, then retreated 11.54% in 2024.
• Over 5 years, Operating Expenses 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 declined by 4.71% to $123.5 million in 2026.
• The last three Operating Expenses figures came in at $123.5 million (Q2 2026), $130.0 million (Q1 2026), and $129.6 million (Q4 2025), per Business Quant data.