Enphase Energy (ENPH) Total Debt (2011 - 2026)

Enphase Energy's (ENPH) quarterly Total Debt came in at $572.5 million in Q1 2026, down 52.37% year-on-year from $1.2 billion in Q1 2025, and down 68.83% quarter-over-quarter from $1.8 billion in Q4 2025.

Enphase Energy (ENPH) Total Debt (2011 - 2026) Analysis & Trends

Enphase Energy's Total Debt history runs 16 years deep, the most recent figure standing at $572.5 million for Q1 2026.

  • On a quarterly basis, Total Debt fell 52.37% year-over-year to $572.5 million in Q1 2026; TTM through Mar 2026 was $572.5 million, a 52.37% decrease from a year earlier, with the FY2025 full-year figure at $1.8 billion, up 41.02% from the prior year.
  • Total Debt retreated to $572.5 million in Q1 2026 per ENPH's latest filing, from $1.8 billion in the prior quarter.
  • Across five years, Total Debt topped out at $1.8 billion in Q4 2025 and bottomed at $572.5 million in Q1 2026.
  • The 5-year median for Total Debt is $1.3 billion (2024), against an average of $1.3 billion.
  • Across the five-year window, Total Debt jumped 41.15% in 2025 and sank 52.37% in 2026, its largest moves.
  • Year by year, Total Debt stood at $1.3 billion in 2022, then advanced by 0.26% to $1.3 billion in 2023, then climbed by 0.67% to $1.3 billion in 2024, then surged by 41.02% to $1.8 billion in 2025, then sank by 68.83% to $572.5 million in 2026.
  • Per Business Quant, the three latest ENPH Total Debt figures stand at $572.5 million (Q1 2026), $1.8 billion (Q4 2025), and $1.8 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 425.78 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 572.51 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 2.75 Bn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 443.39 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 181.75 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 8.40 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 667.21 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 1.36 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 572.51 Mn
Dec 31, 2025 1.84 Bn
Sep 30, 2025 1.84 Bn
Jun 30, 2025 1.20 Bn
Mar 31, 2025 1.20 Bn
Dec 31, 2024 1.30 Bn
Sep 30, 2024 1.30 Bn
Jun 30, 2024 1.40 Bn
Mar 31, 2024 1.39 Bn
Dec 31, 2023 1.29 Bn
Sep 30, 2023 1.39 Bn
Jun 30, 2023 1.29 Bn
Mar 31, 2023 1.29 Bn
Dec 31, 2022 1.29 Bn
Sep 30, 2022 1.29 Bn
Jun 30, 2022 1.37 Bn
Mar 31, 2022 1.37 Bn
Dec 31, 2021 1.04 Bn
Sep 30, 2021 1.03 Bn
Jun 30, 2021 1.10 Bn