Enphase Energy (ENPH) Receivables (2011 - 2026)
Enphase Energy's (ENPH) quarterly Receivables came in at $232.2 million in Q1 2026, down 13.25% year-on-year from $267.7 million in Q1 2025, and down 12.65% quarter-over-quarter from $265.9 million in Q4 2025.
Enphase Energy (ENPH) Receivables (2011 - 2026) Analysis & Trends
Enphase Energy's Receivables history runs 16 years deep, the most recent figure standing at $232.2 million for Q1 2026.
- On a quarterly basis, Receivables fell 13.25% year-over-year to $232.2 million in Q1 2026; TTM through Mar 2026 was $232.2 million, a 13.25% decrease from a year earlier, with the FY2025 full-year figure at $265.9 million, changed 0.04% from the prior year.
- Receivables slipped to $232.2 million in Q1 2026 per ENPH's latest filing, from $265.9 million in the prior quarter.
- Across five years, Receivables topped out at $599.8 million in Q3 2023 and bottomed at $232.2 million in Q1 2026.
- The 5-year median for Receivables is $339.0 million (2022), against an average of $375.5 million.
- Across the five-year window, Receivables jumped 64.72% in 2023 and plunged 54.18% in 2024, its largest moves.
- Year by year, Receivables stood at $473.0 million in 2022, then grew by 2.79% to $486.2 million in 2023, then sank by 45.34% to $265.8 million in 2024, then climbed by 0.04% to $265.9 million in 2025, then retreated by 12.65% to $232.2 million in 2026.
- Per Business Quant, the three latest ENPH Receivables figures stand at $232.2 million (Q1 2026), $265.9 million (Q4 2025), and $300.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 1.41 Bn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 950.30 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 232.24 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 1.99 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 280.70 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 1.28 Bn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 194.45 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 1.06 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 402.83 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 17.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 232.24 Mn |
| Dec 31, 2025 | 265.86 Mn |
| Sep 30, 2025 | 300.17 Mn |
| Jun 30, 2025 | 265.60 Mn |
| Mar 31, 2025 | 267.72 Mn |
| Dec 31, 2024 | 265.75 Mn |
| Sep 30, 2024 | 274.81 Mn |
| Jun 30, 2024 | 319.21 Mn |
| Mar 31, 2024 | 405.28 Mn |
| Dec 31, 2023 | 486.20 Mn |
| Sep 30, 2023 | 599.80 Mn |
| Jun 30, 2023 | 558.38 Mn |
| Mar 31, 2023 | 550.23 Mn |
| Dec 31, 2022 | 473.03 Mn |
| Sep 30, 2022 | 396.57 Mn |
| Jun 30, 2022 | 338.99 Mn |
| Mar 31, 2022 | 383.18 Mn |
| Dec 31, 2021 | 357.13 Mn |
| Sep 30, 2021 | 295.47 Mn |
| Jun 30, 2021 | 302.29 Mn |