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

Enphase Energy (ENPH) recorded quarterly Total Debt of $572.5 million in Q1 2026, down 52.46% quarter-over-quarter from $1.2 billion in Q4 2025, and down 52.37% on a YoY basis from $1.2 billion in Q1 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.

  • In Q1 2026, Total Debt fell 52.37% year-over-year to $572.5 million; the TTM figure through Mar 2026 stood at $572.5 million (down 52.37% YoY), while the FY2025 annual figure was $1.2 billion, down 7.52% from the prior year.
  • Total Debt was $572.5 million for Q1 2026 at Enphase Energy, down from $1.2 billion in the prior quarter.
  • In the past five years, Total Debt ranged from a high of $1.3 billion in Q4 2024 to a low of $572.5 million in Q1 2026.
  • Historically, Total Debt has averaged $1.2 billion across 5 years, with a median of $1.3 billion in 2022.
  • The sharpest annual moves came in 2022 and 2026: Total Debt rose 28.13% in 2022, then sank 52.37% in 2026.
  • A 5-year view of Total Debt shows it stood at $1.3 billion in 2022, then climbed by 0.26% to $1.3 billion in 2023, then climbed by 0.67% to $1.3 billion in 2024, then retreated by 7.52% to $1.2 billion in 2025, then slumped by 52.46% to $572.5 million in 2026.
  • The last three Total Debt figures came in at $572.5 million (Q1 2026), $1.2 billion (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 425.78 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 572.51 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 443.39 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 181.75 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 667.21 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 2.78 Bn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -
10 Skycorp Solar 110.38 Mn 103.60 Mn - 2.05 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 572.51 Mn
Dec 31, 2025 1.20 Bn
Sep 30, 2025 1.20 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 1.30 Bn
Mar 31, 2024 1.30 Bn
Dec 31, 2023 1.29 Bn
Sep 30, 2023 1.29 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 1.29 Bn
Mar 31, 2022 1.28 Bn
Dec 31, 2021 1.04 Bn
Sep 30, 2021 1.03 Bn
Jun 30, 2021 1.01 Bn