Enphase Energy (ENPH) Shares Outstanding (Diluted) (2013 - 2026)
Enphase Energy's Shares Outstanding (Diluted) was 135.12 million in Q2 2026, down 0.1% from 135.22 million a year earlier but up 2.9% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Shares Outstanding (Diluted) (2013 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Enphase Energy came in at 134.89 million, down 3.7% from FY2024.
- Shares Outstanding (Diluted) has now declined for three consecutive years, with a five-year compound annual growth rate of -1.0% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 140 million in FY2024 (-2.3%), 143.29 million in FY2023 (-0.8%), 144.39 million in FY2022 (+1.1%) and 142.88 million in FY2021 (+0.7%).
- Quarterly Shares Outstanding (Diluted) has moved between 131.34 million (Q1 2026) and 145.99 million (Q1 2023) over five years.
- Compared with a year earlier, Shares Outstanding (Diluted) has declined for five straight quarters, with an average decline of 2.2% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q3 2022 (growth of 3.4%); the worst was Q1 2024 (a decline of 6.9%).
- Per Business Quant data, ENPH's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 131.34 million (Q1 2026), 134.89 million (Q4 2025) and 133 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 270.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 323.33 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 107.73 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 92.01 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 59.64 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 155.14 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 37.63 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 135.12 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 275.07 Mn |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 | 364.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 135.12 Mn |
| Mar 31, 2026 | 131.34 Mn |
| Dec 31, 2025 | 134.89 Mn |
| Sep 30, 2025 | 133.00 Mn |
| Jun 30, 2025 | 135.22 Mn |
| Mar 31, 2025 | 136.21 Mn |
| Dec 31, 2024 | 140.00 Mn |
| Sep 30, 2024 | 139.91 Mn |
| Jun 30, 2024 | 136.12 Mn |
| Mar 31, 2024 | 135.89 Mn |
| Dec 31, 2023 | 143.29 Mn |
| Sep 30, 2023 | 143.86 Mn |
| Jun 30, 2023 | 145.10 Mn |
| Mar 31, 2023 | 145.99 Mn |
| Dec 31, 2022 | 144.39 Mn |
| Sep 30, 2022 | 145.96 Mn |
| Jun 30, 2022 | 143.73 Mn |
| Mar 31, 2022 | 144.62 Mn |
| Dec 31, 2021 | 142.88 Mn |
| Sep 30, 2021 | 141.22 Mn |
API Access
Enphase Energy Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();