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Companies / Information Technology / Enphase Energy, Inc.
ENPH

Enphase Energy, Inc.

Ticker ENPHFREMONT, CAFiscal year ends DecemberBook value per share $8.90Diluted shares 132.8M

Enphase Energy, Inc. (Nasdaq: ENPH) is a global energy technology company that designs, develops, manufactures and sells integrated solutions for solar generation, energy storage and energy management. Its products include IQ microinverters and batteries, EV chargers, load controllers, monitoring devices and… From the company’s description.

In fiscal 2025, Enphase Energy, Inc. reported revenue of $1.47B, up 10.7% from fiscal 2024, and net income of $172.13M. Its operating margin was 10.7%, and operations generated $136.54M in cash. Over the twelve months to Jun 30, 2026, revenue was $1.33B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.47BFY2025
+10.7% year over year
Last 12 mo $1.33B
10.69%FY2025
+4.9 percentage points
Last 12 mo 8.32%
$172.13MFY2025
+67.7% year over year
Last 12 mo $134.02M
16.39%FY2025
+2.7 percentage points
Last 12 mo 11.34%
Cash & financing
$136.54MFY2025
−73.4% year over year
Last 12 mo $204.69M
$95.90MFY2025
−80.0% year over year
Last 12 mo $152.63M
1.11FY2025
Was 1.56× a year earlier
Last 12 mo 0.48
134.9MFY2025
−3.7% year over year
Last 12 mo 132.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Enphase Energy, Inc. does

In the company’s own words

Enphase Energy, Inc. (Nasdaq: ENPH) is a global energy technology company that designs, develops, manufactures and sells integrated solutions for solar generation, energy storage and energy management. Its products include IQ microinverters and batteries, EV chargers, load controllers, monitoring devices and cloud-based software and services, serving residential and commercial customers. The Enphase Energy System combines these products on a platform for monitoring and managing energy generation, storage and consumption; the company also offers Solargraf design and proposal software and Enphase Care service plans. Enphase primarily sells through solar distributors that resell to installers, and also sells directly to select large installers, OEMs and strategic partners. Its single reportable segment serves customers across the Americas, Europe, Australia, New Zealand and parts of Asia. In 2025, the company generated $1.47 billion in revenue and had shipped approximately 86.4 million microinverters by year-end; its systems were deployed in more than 160 countries. Major product brands include Enphase, IQ and Solargraf. Its website is https://enphase.com.

Company details
Sector
Information Technology
Industry (SIC)
Semiconductors
Headquarters
FREMONT, CA
Fiscal year end
December
CIK
1463101
SIC
3674

Financial performance, year by year

Fiscal 2013–2025 · USD
$-307.29M$412.20M$1.13B$1.85B$2.57B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Enphase Energy, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

346
funds hold it
0 of 35
superinvestors hold it
$2.53B
held by funds, at market
37.8%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Enphase Energy, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.35%of fund net assets
0.12%of fund net assets
Invesco Solar ETF
TAN · Invesco Exchange-Traded Fund Trust II
8.75%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Enphase Energy, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Enphase Energy, Inc.’s debt, $49.33M at market value — what funds hold, not the company’s total debt.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Enphase Energy, Inc. and its peers compare on margins and cash generation over ten years?”
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