Enphase Energy (ENPH) Payables (2011 - 2026)

Enphase Energy's (ENPH) quarterly Payables came in at $113.5 million in Q1 2026, down 1.66% year-on-year from $115.4 million in Q1 2025, and down 44.12% quarter-over-quarter from $203.0 million in Q4 2025.

Enphase Energy (ENPH) Payables (2011 - 2026) Analysis & Trends

Enphase Energy's Payables history runs 16 years deep, the most recent figure standing at $113.5 million for Q1 2026.

  • On a quarterly basis, Payables fell 1.66% year-over-year to $113.5 million in Q1 2026; TTM through Mar 2026 was $113.5 million, a 1.66% decrease from a year earlier, with the FY2025 full-year figure at $203.0 million, up 125.52% from the prior year.
  • Payables fell to $113.5 million in Q1 2026 per ENPH's latest filing, from $203.0 million in the prior quarter.
  • Across five years, Payables topped out at $203.0 million in Q4 2025 and bottomed at $71.8 million in Q1 2024.
  • The 5-year median for Payables is $106.2 million (2023), against an average of $114.2 million.
  • Across the five-year window, Payables sank 32.41% in 2024 and surged 125.52% in 2025, its largest moves.
  • Year by year, Payables stood at $125.1 million in 2022, then decreased by 7.13% to $116.2 million in 2023, then retreated by 22.5% to $90.0 million in 2024, then surged by 125.52% to $203.0 million in 2025, then slumped by 44.12% to $113.5 million in 2026.
  • Per Business Quant, the three latest ENPH Payables figures stand at $113.5 million (Q1 2026), $203.0 million (Q4 2025), and $188.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 306.83 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 533.49 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 113.46 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 3.45 Bn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 404.51 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 343.23 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 80.43 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 3.27 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 142.17 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 78.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 113.46 Mn
Dec 31, 2025 203.04 Mn
Sep 30, 2025 188.57 Mn
Jun 30, 2025 162.70 Mn
Mar 31, 2025 115.37 Mn
Dec 31, 2024 90.03 Mn
Sep 30, 2024 112.42 Mn
Jun 30, 2024 79.65 Mn
Mar 31, 2024 71.75 Mn
Dec 31, 2023 116.16 Mn
Sep 30, 2023 90.12 Mn
Jun 30, 2023 79.08 Mn
Mar 31, 2023 106.15 Mn
Dec 31, 2022 125.09 Mn
Sep 30, 2022 92.82 Mn
Jun 30, 2022 90.40 Mn
Mar 31, 2022 104.74 Mn
Dec 31, 2021 113.77 Mn
Sep 30, 2021 92.21 Mn
Jun 30, 2021 82.14 Mn