Enphase Energy (ENPH) Other Working Capital Changes (2011 - 2026)
Enphase Energy (ENPH) recorded quarterly Other Working Capital Changes of -$45.1 million in Q1 2026, down 173.75% quarter-over-quarter from $61.1 million in Q4 2025, and up 45.26% on a YoY basis from -$31.0 million in Q1 2025.
Enphase Energy (ENPH) Other Working Capital Changes (2011 - 2026) Analysis & Trends
Enphase Energy's Other Working Capital Changes history runs 16 years deep, the most recent figure standing at -$45.1 million for Q1 2026.
- In Q1 2026, Other Working Capital Changes rose 45.26% year-over-year to -$45.1 million; the TTM figure through Mar 2026 stood at -$38.2 million (down 782.21% YoY), while the FY2025 annual figure was -$75.4 million, down 176.31% from the prior year.
- Other Working Capital Changes was -$45.1 million for Q1 2026 at Enphase Energy, down from $61.1 million in the prior quarter.
- In the past five years, Other Working Capital Changes ranged from a high of $124.8 million in Q3 2024 to a low of -$82.4 million in Q1 2025.
- Historically, Other Working Capital Changes has averaged $12.8 million across 5 years, with a median of $12.6 million in 2023.
- The sharpest annual moves came in 2023 and 2025: Other Working Capital Changes jumped 1579.32% in 2023, then slumped 855.78% in 2025.
- A 5-year view of Other Working Capital Changes shows it stood at $58.3 million in 2022, then plunged by 78.38% to $12.6 million in 2023, then sank by 250.73% to -$19.0 million in 2024, then surged by 421.6% to $61.1 million in 2025, then tumbled by 173.75% to -$45.1 million in 2026.
- The last three Other Working Capital Changes figures came in at -$45.1 million (Q1 2026), $61.1 million (Q4 2025), and -$3.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -19.01 Mn |
| Dec 31, 2024 | -19.01 Mn |
| Sep 30, 2024 | 124.81 Mn |
| Sep 30, 2024 | 124.81 Mn |
| Jun 30, 2024 | -17.85 Mn |
| Jun 30, 2024 | -17.85 Mn |
| Mar 31, 2024 | 10.90 Mn |
| Mar 31, 2024 | 10.90 Mn |
| Dec 31, 2023 | 12.61 Mn |
| Dec 31, 2023 | 12.61 Mn |