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

Enphase Energy's Operating Expenses history runs 16 years deep, the most recent figure standing at $130.0 million for Q1 2026.

• On a quarterly basis, Operating Expenses fell 4.61% year-over-year to $130.0 million in Q1 2026; TTM through Mar 2026 was $523.2 million, a 3.75% decrease from a year earlier, with the FY2025 full-year figure at $529.5 million, down 4.05% from the prior year.
• Operating Expenses steadied at $130.0 million in Q1 2026 per ENPH's latest filing, from $129.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at $158.7 million in Q1 2023 and bottomed at $115.1 million in Q1 2022.
• The 5-year median for Operating Expenses is $135.4 million (2024), against an average of $138.3 million.
• Across the five-year window, Operating Expenses jumped 87.04% in 2022 and decreased 11.54% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $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, then increased by 0.34% to $130.0 million in 2026.
• Per Business Quant, the three latest ENPH Operating Expenses figures stand at $130.0 million (Q1 2026), $129.6 million (Q4 2025), and $130.1 million (Q3 2025).