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
DateValue
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