United States was Enphase Energy’s largest region in fiscal 2025, bringing in $1.19B of $1.47B (81%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $1.76B | $1.47B | $934.69M | $1.19B | ||||||||||||
| U.S | — | — | — | — | ||||||||||||
| Others | — | — | — | — | ||||||||||||
| International | $569.01M | $821.68M | $395.69M | $284.27M | ||||||||||||
| Netherlands | — | — | — | — | ||||||||||||
| Total | $2.33B | $2.29B | $1.33B | $1.47B |
Enphase Energy brought in $1.47B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 10.7% from $1.33B in fiscal 2024. United States was the largest at $1.19B (80.7%), ahead of International at $284.27M (19.3%).
Compared with fiscal 2024, United States grew 27.2% to $1.19B, while International fell 28.2% to $284.27M. From fiscal 2022 to 2025, combined revenue from these regions fell from $2.33B to $1.47B, a compound annual decline of 14.2%. United States' share of the total rose from 75.6% to 80.7%.
Products Delivered At A Point In Time was Enphase Energy’s largest revenue line in fiscal 2025, bringing in $1.35B of $1.47B (92%).
| Timing of Transfer of Good or Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Products Delivered At A Point In Time | $2.25B | $2.18B | $1.20B | $1.35B | ||||
| Products & Services Delivered Over Time | $77.21M | $109.69M | $126.02M | $122.97M | ||||
| Total | $2.33B | $2.29B | $1.33B | $1.47B |
Enphase Energy brought in $1.47B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 10.7% from $1.33B in fiscal 2024. Products Delivered At A Point In Time was the largest at $1.35B (91.7%), ahead of Products & Services Delivered Over Time at $122.97M (8.3%).
Compared with fiscal 2024, Products Delivered At A Point In Time grew 12.1% to $1.35B, while Products & Services Delivered Over Time fell 2.4% to $122.97M. From fiscal 2022 to 2025, combined revenue from these revenue lines fell from $2.33B to $1.47B, a compound annual decline of 14.2%. Products Delivered At A Point In Time's share of the total fell from 96.7% to 91.7%.
Enphase Energy (ENPH) reports its revenue by geography and by timing of transfer of good or service. In fiscal 2025, United States was its largest region, bringing in $1.19B (80.7% of the total), followed by International at $284.27M (19.3%).
United States was Enphase Energy's largest region in fiscal 2025, bringing in $1.19B, or 80.7% of the $1.47B total across its two regions.
Products Delivered At A Point In Time was Enphase Energy's largest revenue line in fiscal 2025, bringing in $1.35B, or 91.7% of the $1.47B total across its two revenue lines.
United States grew faster than International in fiscal 2025, up 27.2% from $934.69M to $1.19B. International fell 28.2% to $284.27M.
Every figure comes from Enphase Energy's annual financial filings, as reported. Each line keeps the name Enphase Energy gives it, and years follow its fiscal calendar.
Enphase Energy's revenue by geography goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.