Growth Metrics

Enphase Energy (ENPH) Retained Earnings (2011 - 2026)

Enphase Energy's quarterly Retained Earnings came in at -$211.3 million in Q1 2026, down 13024.35% year-on-year from N/an in Q1 2025, and down 12146.86% quarter-over-quarter from $1.8 million in Q4 2025.

Enphase Energy has reported Retained Earnings for 16 years, with the latest figure at -$211.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Retained Earnings fell 13024.35% year-over-year to -$211.3 million; the trailing twelve-month figure through Mar 2026 stood at -$211.3 million (down 13024.35% YoY), and the FY2025 full-year result was $1.8 million, up 127.61% from the prior year.
  • Retained Earnings for Q1 2026 stood at -$211.3 million, down from $1.8 million in the prior quarter.
  • The five-year high for Retained Earnings was $164.2 million in Q1 2023, with the low at -$328.2 million in Q1 2022.
  • Average Retained Earnings over 5 years is -$51.5 million, with a median of -$6.9 million recorded in 2023.
  • Year-over-year, Retained Earnings jumped 150.03% in 2023 and tumbled 13024.35% in 2026.
  • Tracing ENPH's Retained Earnings over 5 years: stood at -$10.9 million in 2022, then soared by 81.73% to -$2.0 million in 2023, then slumped by 219.52% to -$6.4 million in 2024, then jumped by 127.61% to $1.8 million in 2025, then sank 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 26.65 Bn 24.22 Bn 486.13 Mn -168.20 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 183,000.00
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 1.48 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -211.30 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 4.94 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -3.66 Bn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 131.86 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -420.86 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -142.16 Mn

Historic Data

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DateValue
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
Mar 31, 2021 -19.49 Mn
Dec 31, 2020 -51.19 Mn
Sep 30, 2020 -356,000.00
Jun 30, 2020 -163.54 Mn
Mar 31, 2020 -116.25 Mn
Dec 31, 2019 -185.18 Mn
Jun 30, 2019 -332.95 Mn
Mar 31, 2019 -343.56 Mn
Dec 31, 2018 -346.30 Mn
Sep 30, 2018 -347.01 Mn
Jun 30, 2018 -353,000.00
Mar 31, 2018 -339.80 Mn
Dec 31, 2017 -295.73 Mn
Sep 30, 2017 -465,000.00
Jun 30, 2017 -169,000.00
Mar 31, 2017 -631,000.00
Dec 31, 2016 -250.54 Mn
Sep 30, 2016 -237.35 Mn
Jun 30, 2016 -218.59 Mn
Mar 31, 2016 -404,000.00
Dec 31, 2015 -183.07 Mn
Sep 30, 2015 -167.29 Mn
Jun 30, 2015 -167.91 Mn
Mar 31, 2015 -167.31 Mn
Dec 31, 2014 -79,000.00
Sep 30, 2014 -161.39 Mn
Jun 30, 2014 -162.21 Mn
Mar 31, 2014 -159.18 Mn
Dec 31, 2013 229,000.00
Sep 30, 2013 197,000.00
Jun 30, 2013 -143.83 Mn
Mar 31, 2013 -137.43 Mn
Dec 31, 2012 52,000.00
Mar 31, 2012 -98.99 Mn
Dec 31, 2011 83,000.00