Enphase Energy (ENPH) Retained Earnings (2011 - 2026)
Enphase Energy's (ENPH) quarterly Retained Earnings came in at -$5.8 million in Q1 2026, up 98.16% year-on-year from -$2.9 million in Q1 2025, and up 97.15% quarter-over-quarter from -$203.9 million in Q4 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 -$5.8 million for Q1 2026.
- On a quarterly basis, Retained Earnings rose 98.16% year-over-year to -$5.8 million in Q1 2026; TTM through Mar 2026 was -$5.8 million, a 98.16% increase from a year earlier, with the FY2025 full-year figure at -$203.9 million, down 3109.95% from the prior year.
- Retained Earnings advanced to -$5.8 million in Q1 2026 per ENPH's latest filing, from -$203.9 million in the prior quarter.
- Across five years, Retained Earnings topped out at $1.2 billion in Q3 2025 and bottomed at -$315.9 million in Q1 2025.
- The 5-year median for Retained Earnings is -$5.8 million (2026), against an average of $189.4 million.
- Across the five-year window, Retained Earnings soared 3520.11% in 2022 and slumped 4563.46% in 2025, its largest moves.
- Year by year, Retained Earnings stood at $17.3 million in 2022, then plunged by 111.47% to -$2.0 million in 2023, then sank by 219.52% to -$6.4 million in 2024, then tumbled by 3109.95% to -$203.9 million in 2025, then soared by 97.15% to -$5.8 million in 2026.
- Per Business Quant, the three latest ENPH Retained Earnings figures stand at -$5.8 million (Q1 2026), -$203.9 million (Q4 2025), and $1.2 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | -168.20 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | -1.97 Bn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -5.82 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -1.49 Bn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 64.41 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 131.86 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -78.13 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | -8.16 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 118.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.82 Mn |
| Dec 31, 2025 | -203.90 Mn |
| Sep 30, 2025 | 1.23 Bn |
| Jun 30, 2025 | 5.36 Mn |
| Mar 31, 2025 | -315.86 Mn |
| Dec 31, 2024 | -6.35 Mn |
| Sep 30, 2024 | 1.03 Bn |
| Jun 30, 2024 | -100.90 Mn |
| Mar 31, 2024 | -6.77 Mn |
| Dec 31, 2023 | -1.99 Mn |
| Sep 30, 2023 | 125.35 Mn |
| Jun 30, 2023 | -6.85 Mn |
| Mar 31, 2023 | 812.62 Mn |
| Dec 31, 2022 | 17.34 Mn |
| Sep 30, 2022 | -15.54 Mn |
| Jun 30, 2022 | -11.25 Mn |
| Mar 31, 2022 | 666.51 Mn |
| Dec 31, 2021 | -2.02 Mn |
| Sep 30, 2021 | -158.33 Mn |
| Jun 30, 2021 | 1.92 Mn |