Enphase Energy (ENPH) Other Working Capital Changes (2011 - 2026)

Enphase Energy's (ENPH) quarterly Other Working Capital Changes came in at -$45.1 million in Q1 2026, up 45.26% year-on-year from -$31.0 million in Q1 2025, and down 173.75% quarter-over-quarter from $61.1 million in Q4 2025.

Enphase Energy (ENPH) Other Working Capital Changes (2011 - 2026) Analysis & Trends

Enphase Energy's Other Working Capital Changes history runs 10 years deep, the most recent figure standing at -$45.1 million for Q1 2026.

  • On a quarterly basis, Other Working Capital Changes rose 45.26% year-over-year to -$45.1 million in Q1 2026; TTM through Mar 2026 was -$38.2 million, a 273.09% decrease from a year earlier, with the FY2025 full-year figure at -$75.4 million, down 176.31% from the prior year.
  • Other Working Capital Changes fell to -$45.1 million in Q1 2026 per ENPH's latest filing, from $61.1 million in the prior quarter.
  • Across five years, Other Working Capital Changes topped out at $100.4 million in Q4 2025 and bottomed at -$155.3 million in Q1 2026.
  • The 5-year median for Other Working Capital Changes is $20.5 million (2023), against an average of $25.0 million.
  • Across the five-year window, Other Working Capital Changes jumped 725.56% in 2024 and slumped 3526.91% in 2025, its largest moves.
  • Year by year, Other Working Capital Changes stood at $58.3 million in 2022, then slumped by 78.38% to $12.6 million in 2023, then surged by 725.56% to $104.1 million in 2024, then tumbled by 41.28% to $61.1 million in 2025, then sank by 173.75% to -$45.1 million in 2026.
  • Per Business Quant, the three latest ENPH Other Working Capital Changes figures stand at -$45.1 million (Q1 2026), $61.1 million (Q4 2025), and -$3.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -155.34 Mn
Mar 31, 2026 -155.34 Mn
Mar 31, 2026 -155.34 Mn
Dec 31, 2025 100.41 Mn
Dec 31, 2025 100.41 Mn
Dec 31, 2025 100.41 Mn
Sep 30, 2025 78.33 Mn
Sep 30, 2025 78.33 Mn
Sep 30, 2025 78.33 Mn
Jun 30, 2025 64.26 Mn
Jun 30, 2025 64.26 Mn
Jun 30, 2025 64.26 Mn
Mar 31, 2025 75.55 Mn
Mar 31, 2025 75.55 Mn
Mar 31, 2025 75.55 Mn
Dec 31, 2024 16.49 Mn
Dec 31, 2024 16.49 Mn
Dec 31, 2024 16.49 Mn
Sep 30, 2024 64.15 Mn
Sep 30, 2024 64.15 Mn