Enphase Energy (ENPH) Other Working Capital Changes (2017 - 2026)
Enphase Energy (ENPH) posted Other Working Capital Changes of $126.0 million for Q2 2026, up 181.1% on a QoQ basis from -$155.3 million in Q1 2026, and up 96.05% year-over-year from $64.3 million in Q2 2025.
Analysis
Enphase Energy (ENPH) Other Working Capital Changes (2017 - 2026) Analysis & Trends
Enphase Energy has reported Other Working Capital Changes for 16 years, with the latest figure at $126.0 million in Q2 2026.
- On a quarterly basis, Other Working Capital Changes rose 96.05% year-over-year to $126.0 million in Q2 2026; TTM through Jun 2026 was $149.4 million, a 32.23% decrease from a year earlier, with the FY2025 full-year figure at $318.6 million, up 137.12% from the prior year.
- Other Working Capital Changes was $126.0 million for Q2 2026 at Enphase Energy, up from -$155.3 million in the prior quarter.
- The five-year high for Other Working Capital Changes was $112.3 million in Q2 2026, with the low at -$82.4 million in Q1 2025.
- Average Other Working Capital Changes over 5 years is $18.4 million, with a median of $14.7 million recorded in 2022.
- The sharpest annual moves came in 2023 and 2026: Other Working Capital Changes soared 3024.52% in 2023, then sank 305.6% in 2026.
- Over 5 years, Other Working Capital Changes stood at $47.6 million in 2022, then sank by 94.96% to $2.4 million in 2023, then jumped by 586.67% to $16.5 million in 2024, then jumped by 509.05% to $100.4 million in 2025, then climbed by 25.46% to $126.0 million in 2026.
- The last three Other Working Capital Changes figures came in at $126.0 million (Q2 2026), -$155.3 million (Q1 2026), and $100.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 112.25 Mn |
| Jun 30, 2026 | 112.25 Mn |
| Mar 31, 2026 | -45.08 Mn |
| Mar 31, 2026 | -45.08 Mn |
| Dec 31, 2025 | 61.13 Mn |
| Dec 31, 2025 | 61.13 Mn |
| Sep 30, 2025 | -3.39 Mn |
| Sep 30, 2025 | -3.39 Mn |
| Jun 30, 2025 | -50.81 Mn |
| Jun 30, 2025 | -50.81 Mn |
| Mar 31, 2025 | -82.36 Mn |
| Mar 31, 2025 | -82.36 Mn |
| Dec 31, 2024 | 104.11 Mn |
| Dec 31, 2024 | 104.11 Mn |
| Sep 30, 2024 | 1.69 Mn |
| Sep 30, 2024 | 1.69 Mn |
| Jun 30, 2024 | -1.40 Mn |
| Jun 30, 2024 | -1.40 Mn |
| Mar 31, 2024 | -5.55 Mn |
| Mar 31, 2024 | -5.55 Mn |