Enphase Energy (ENPH) Other Working Capital Changes (2011 - 2026)
Enphase Energy's 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 has reported Other Working Capital Changes for 16 years, with the latest figure at -$45.1 million in Q1 2026.
- For the quarter ending Q1 2026, Other Working Capital Changes rose 45.26% year-over-year to -$45.1 million; the trailing twelve-month figure through Mar 2026 stood at -$38.2 million (down 782.21% YoY), and the FY2025 full-year result was -$75.4 million, down 176.31% from the prior year.
- Other Working Capital Changes for Q1 2026 stood at -$45.1 million, down from $61.1 million in the prior quarter.
- The five-year high for Other Working Capital Changes was $124.8 million in Q3 2024, with the low at -$82.4 million in Q1 2025.
- Average Other Working Capital Changes over 5 years is $12.8 million, with a median of $12.6 million recorded in 2023.
- Year-over-year, Other Working Capital Changes soared 1579.32% in 2023 and slumped 855.78% in 2025.
- Tracing ENPH's Other Working Capital Changes over 5 years: stood at $58.3 million in 2022, then tumbled by 78.38% to $12.6 million in 2023, then plunged by 250.73% to -$19.0 million in 2024, then soared by 421.6% to $61.1 million in 2025, then slumped 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 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 |
| Sep 30, 2023 | 13.37 Mn |
| Sep 30, 2023 | 13.37 Mn |
| Jun 30, 2023 | 40.72 Mn |
| Jun 30, 2023 | 40.72 Mn |
| Mar 31, 2023 | 51.09 Mn |
| Mar 31, 2023 | 51.09 Mn |
| Dec 31, 2022 | 58.33 Mn |
| Dec 31, 2022 | 58.33 Mn |
| Sep 30, 2022 | 42.51 Mn |
| Sep 30, 2022 | 42.51 Mn |
| Jun 30, 2022 | 18.31 Mn |
| Jun 30, 2022 | 18.31 Mn |
| Mar 31, 2022 | 3.04 Mn |
| Mar 31, 2022 | 3.04 Mn |
| Dec 31, 2021 | 13.86 Mn |
| Dec 31, 2021 | 13.86 Mn |
| Sep 30, 2021 | 49.11 Mn |
| Sep 30, 2021 | 49.11 Mn |
| Jun 30, 2021 | 10.15 Mn |
| Jun 30, 2021 | 10.15 Mn |
| Mar 31, 2021 | 5.04 Mn |
| Mar 31, 2021 | 5.04 Mn |
| Dec 31, 2020 | 4.19 Mn |
| Dec 31, 2020 | 4.19 Mn |
| Sep 30, 2020 | 41.22 Mn |
| Sep 30, 2020 | 41.22 Mn |
| Jun 30, 2020 | -35.78 Mn |
| Jun 30, 2020 | -35.78 Mn |
| Mar 31, 2020 | 5.01 Mn |
| Mar 31, 2020 | 5.01 Mn |
| Dec 31, 2019 | 63.61 Mn |
| Dec 31, 2019 | 63.61 Mn |
| Sep 30, 2019 | 2.73 Mn |
| Sep 30, 2019 | 2.73 Mn |
| Jun 30, 2019 | 3.49 Mn |
| Jun 30, 2019 | 3.49 Mn |
| Mar 31, 2019 | 2.41 Mn |
| Mar 31, 2019 | 2.41 Mn |
| Dec 31, 2018 | 13.41 Mn |
| Dec 31, 2018 | 13.41 Mn |
| Sep 30, 2018 | -11.83 Mn |
| Sep 30, 2018 | -11.83 Mn |
| Jun 30, 2018 | 2.73 Mn |
| Jun 30, 2018 | 2.73 Mn |
| Mar 31, 2018 | -1.18 Mn |
| Mar 31, 2018 | -1.18 Mn |
| Dec 31, 2017 | 292,000.00 |
| Dec 31, 2017 | 292,000.00 |
| Sep 30, 2017 | 1.42 Mn |
| Sep 30, 2017 | 1.42 Mn |
| Jun 30, 2017 | 2.23 Mn |
| Jun 30, 2017 | 2.23 Mn |
| Mar 31, 2017 | 1.40 Mn |
| Mar 31, 2017 | 1.40 Mn |
| Dec 31, 2016 | 2.54 Mn |
| Dec 31, 2016 | 2.54 Mn |
| Sep 30, 2016 | 5.04 Mn |
| Sep 30, 2016 | 5.04 Mn |
| Jun 30, 2016 | -571,000.00 |
| Jun 30, 2016 | -571,000.00 |
| Mar 31, 2016 | 4.27 Mn |
| Mar 31, 2016 | 4.27 Mn |
| Dec 31, 2015 | 2.50 Mn |
| Dec 31, 2015 | 2.50 Mn |
| Sep 30, 2015 | 2.13 Mn |
| Sep 30, 2015 | 2.13 Mn |
| Jun 30, 2015 | 2.98 Mn |
| Jun 30, 2015 | 2.98 Mn |
| Mar 31, 2015 | 2.07 Mn |
| Mar 31, 2015 | 2.07 Mn |
| Dec 31, 2014 | 1.60 Mn |
| Dec 31, 2014 | 1.60 Mn |
| Sep 30, 2014 | 2.18 Mn |
| Sep 30, 2014 | 2.18 Mn |
| Jun 30, 2014 | 1.62 Mn |
| Jun 30, 2014 | 1.62 Mn |
| Mar 31, 2014 | -93,000.00 |
| Mar 31, 2014 | -93,000.00 |
| Dec 31, 2013 | 4.62 Mn |
| Dec 31, 2013 | 4.62 Mn |
| Sep 30, 2013 | 443,000.00 |
| Sep 30, 2013 | 443,000.00 |
| Jun 30, 2013 | -450,000.00 |
| Jun 30, 2013 | -450,000.00 |
| Mar 31, 2013 | 976,000.00 |
| Mar 31, 2013 | 976,000.00 |
| Dec 31, 2012 | -19.06 Mn |
| Dec 31, 2012 | -19.06 Mn |
| Sep 30, 2012 | -869,000.00 |
| Sep 30, 2012 | -869,000.00 |
| Jun 30, 2012 | 404,000.00 |
| Jun 30, 2012 | 404,000.00 |
| Mar 31, 2012 | 913,000.00 |
| Mar 31, 2012 | 913,000.00 |
| Mar 31, 2011 | 634,000.00 |
| Mar 31, 2011 | 634,000.00 |