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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 home energy solutions for solar generation, energy storage and energy management. The company operates through an integrated platform that combines intelligent microinverters, battery storage… From the company’s description.

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 home energy solutions for solar generation, energy storage and energy management. The company operates through an integrated platform that combines intelligent microinverters, battery storage systems, load controllers, electric vehicle chargers and cloud-based software to create comprehensive residential and commercial energy systems. Enphase's website is www.enphase.com.

The company pioneered semiconductor-based microinverter technology that converts energy at the individual solar module level, differentiating its approach from traditional string inverter systems. As of December 31, 2025, Enphase has shipped approximately 86.4 million microinverters with more than 5.1 million residential and commercial systems deployed across over 160 countries. The company's product portfolio includes the IQ Microinverter series, IQ Battery storage systems with scalable capacity ranging from 3.4 to 10.5 kWh depending on market, IQ EV Chargers supporting up to 22 kW of three-phase charging in select markets, and the IQ PowerPack 1500 portable energy system. Additional offerings include Solargraf, a cloud-based design and proposal platform for solar and battery installations, and Enphase Care, an optional service and maintenance plan.

Enphase operates primarily in the residential and commercial markets across North America, Europe, Australia, New Zealand, India and select Asian countries. The United States represented 81 percent of net revenues in the fiscal year ended December 31, 2025. The company utilizes a distribution model selling primarily through solar distributors, installers, original equipment manufacturers and strategic partners. Manufacturing operations include contract manufacturers Flex Ltd., Salcomp Manufacturing India PVT and Sunwoda Electric Co. Ltd., supplemented by in-house manufacturing at facilities in South Carolina and Texas that commenced operations in 2025 to support domestic content requirements under the Inflation Reduction Act.

The company competes with central and string inverter manufacturers including SolarEdge Technologies, Huawei, Tesla and Sungrow, as well as battery storage and EV charger providers. Enphase emphasizes system reliability, ease of installation, advanced monitoring capabilities and integrated energy management as competitive differentiators against traditional inverter technology.

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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