Enphase Energy (ENPH) Retained Earnings (2011 - 2026)
Enphase Energy (ENPH) recorded quarterly Retained Earnings of -$211.3 million in Q1 2026, down 12146.86% quarter-over-quarter from $1.8 million in Q4 2025, and down 13024.35% on a YoY basis from N/an in Q1 2025.
Enphase Energy (ENPH) Retained Earnings (2011 - 2026) Analysis & Trends
Enphase Energy's Retained Earnings history runs 16 years deep, the most recent figure standing at -$211.3 million for Q1 2026.
- In Q1 2026, Retained Earnings fell 13024.35% year-over-year to -$211.3 million; the TTM figure through Mar 2026 stood at -$211.3 million (down 13024.35% YoY), while the FY2025 annual figure was $1.8 million, up 127.61% from the prior year.
- Retained Earnings was -$211.3 million for Q1 2026 at Enphase Energy, down from $1.8 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $164.2 million in Q1 2023 to a low of -$328.2 million in Q1 2022.
- Historically, Retained Earnings has averaged -$51.5 million across 5 years, with a median of -$6.9 million in 2023.
- The sharpest annual moves came in 2023 and 2026: Retained Earnings surged 150.03% in 2023, then tumbled 13024.35% in 2026.
- A 5-year view of Retained Earnings shows it stood at -$10.9 million in 2022, then surged by 81.73% to -$2.0 million in 2023, then tumbled by 219.52% to -$6.4 million in 2024, then soared by 127.61% to $1.8 million in 2025, then slumped by 12146.86% to -$211.3 million in 2026.
- The last three Retained Earnings figures came in at -$211.3 million (Q1 2026), $1.8 million (Q4 2025), and $3.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -168.20 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 183,000.00 |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -211.30 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 4.94 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -3.66 Bn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 131.86 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -420.86 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 | -142.16 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | 11.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -211.30 Mn |
| Dec 31, 2025 | 1.75 Mn |
| Sep 30, 2025 | 3.32 Mn |
| Jun 30, 2025 | -309.22 Mn |
| Mar 31, 2025 | -1.61 Mn |
| Dec 31, 2024 | -6.35 Mn |
| Sep 30, 2024 | 3.26 Mn |
| Jun 30, 2024 | -7.95 Mn |
| Mar 31, 2024 | -6.77 Mn |
| Dec 31, 2023 | -1.99 Mn |
| Sep 30, 2023 | -9.76 Mn |
| Jun 30, 2023 | -6.85 Mn |
| Mar 31, 2023 | 164.21 Mn |
| Dec 31, 2022 | -10.88 Mn |
| Sep 30, 2022 | -136.42 Mn |
| Jun 30, 2022 | -11.25 Mn |
| Mar 31, 2022 | -328.21 Mn |
| Dec 31, 2021 | -405.74 Mn |
| Sep 30, 2021 | -158.33 Mn |
| Jun 30, 2021 | 1.92 Mn |