Enphase Energy (ENPH) Payables (2011 - 2026)
Enphase Energy (ENPH) posted Payables of $124.6 million for Q2 2026, up 9.81% on a QoQ basis from $113.5 million in Q1 2026, and down 23.42% year-over-year from $162.7 million in Q2 2025.
Analysis
Enphase Energy (ENPH) Payables (2011 - 2026) Analysis & Trends
Enphase Energy has reported Payables for 16 years, with the latest figure at $124.6 million in Q2 2026.
- On a quarterly basis, Payables fell 23.42% year-over-year to $124.6 million in Q2 2026; TTM through Jun 2026 was $124.6 million, a 23.42% decrease from a year earlier, with the FY2025 full-year figure at $203.0 million, up 125.52% from the prior year.
- Payables was $124.6 million for Q2 2026 at Enphase Energy, up from $113.5 million in the prior quarter.
- The five-year high for Payables was $203.0 million in Q4 2025, with the low at $71.8 million in Q1 2024.
- Average Payables over 5 years is $114.8 million, with a median of $109.3 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Payables plunged 32.41% in 2024, then jumped 125.52% in 2025.
- Over 5 years, Payables stood at $125.1 million in 2022, then slipped by 7.13% to $116.2 million in 2023, then decreased by 22.5% to $90.0 million in 2024, then soared by 125.52% to $203.0 million in 2025, then slumped by 38.64% to $124.6 million in 2026.
- The last three Payables figures came in at $124.6 million (Q2 2026), $113.5 million (Q1 2026), and $203.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 346.33 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 535.97 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 124.59 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 460.14 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 127.09 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 65.98 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 4.13 Bn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 161.09 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 3.17 Bn |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 88.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 124.59 Mn |
| 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 |