← Enphase Energy, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $17.8m | $29.1m | $106.2m | $251.4m | $679.4m | $119.3m | $473.2m | $288.7m | $369.1m | $474.3m | |
| Prepaid Expense and Other Assets, Current | $7.1m | $10.0m | $20.9m | $26.1m | $29.8m | $37.8m | $60.8m | $88.9m | $220.7m | $576.1m | |
| Inventory, Net | $32.0m | $26.0m | $16.3m | $32.1m | $41.8m | $74.4m | $149.7m | $213.6m | $165.0m | $288.0m | |
| Assets, Current | $117.9m | $130.4m | $222.3m | $499.7m | $933.1m | $1.5b | $2.3b | $2.4b | $2.3b | $2.6b | |
| Property, Plant and Equipment, Net | $31.4m | $26.5m | $21.0m | $28.9m | $43.0m | $82.2m | $111.4m | $168.2m | $147.5m | $136.8m | |
| Goodwill | $3.7m | $3.7m | $24.8m | $24.8m | $24.8m | $181.3m | $213.6m | $214.6m | $211.6m | $214.8m | |
| Intangible Assets, Net (Excluding Goodwill) | $945k | $515k | $35.3m | $30.6m | $28.8m | $97.8m | $99.5m | $68.5m | $42.4m | $22.3m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $10.1m | $17.7m | $14.4m | $21.4m | $19.9m | $24.6m | $34.6m | |
| Other Assets, Noncurrent | $9.7m | $8.0m | $36.5m | $44.6m | $59.9m | $118.7m | $169.3m | $215.9m | $180.9m | $222.7m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $61.0m | $65.3m | $78.9m | $145.4m | $182.2m | $333.6m | $440.9m | $446.0m | $223.7m | $229.9m | |
| Accrued Liabilities, Current | $22.9m | $22.4m | $29.0m | $47.1m | $76.5m | $157.9m | $295.9m | $261.9m | $196.9m | $217.4m | |
| Assets | $163.6m | $169.1m | $339.9m | $713.2m | $1.2b | $2.1b | $3.1b | $3.4b | $3.2b | $3.5b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $3.2m | $4.5m | $3.8m | $5.4m | $5.2m | $5.8m | $8.2m | |
| Accounts Payable, Current | $31.7m | $28.7m | $48.8m | $57.5m | $72.6m | $113.8m | $125.1m | $116.2m | $90.0m | $203.0m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $9.5m | $15.2m | $11.9m | $19.1m | $18.8m | $23.0m | $31.2m | |
| Long-term Debt, Excluding Current Maturities | $20.8m | $32.3m | $81.6m | $102.7m | $4.9m | $951.6m | $1.2b | $1.3b | $1.2b | $572.2m | |
| Deferred Revenue, Current | $6.4m | $15.7m | $33.1m | $81.8m | $47.7m | $62.7m | $90.7m | $118.3m | $237.2m | $180.5m | |
| Deferred Revenue, Noncurrent | $33.9m | $29.9m | $33.1m | $81.8m | $47.7m | $62.7m | $90.7m | $118.3m | $237.2m | $180.5m | |
| Long-term Debt, Current Maturities | $3.0m | — | $28.2m | $2.9m | $326.0m | $86.1m | $90.9m | $0 | $101.3m | $632.2m | |
| Liabilities, Current | $82.8m | $91.7m | $147.2m | $199.3m | $534.0m | $439.8m | $638.2m | $532.4m | $660.1m | $1.3b | |
| Other Liabilities, Noncurrent | $2.0m | $1.9m | $3.2m | $11.8m | $17.0m | $16.5m | $43.5m | $51.0m | $55.3m | $65.5m | |
| Deferred Tax Liabilities, Net | $901k | — | — | — | — | — | — | — | — | — | |
| Liabilities | $162.3m | $178.3m | $332.2m | $441.0m | $716.1m | $1.6b | $2.3b | $2.4b | $2.4b | $2.4b | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $1k | $1k | $1k | $1k | $1k | $1k | $1k | $1k | |
| Common Stock, Value, Issued | $1k | $1k | $1k | $1k | $1k | $1k | $1k | $1k | $1k | $1k | |
| Additional Paid in Capital | $252.1m | $287.3m | $353.3m | $458.3m | $534.7m | $837.9m | $819.1m | $939.3m | $1.1b | $1.3b | |
| Retained Earnings (Accumulated Deficit) | ($250.5m) | ($295.7m) | ($346.3m) | ($185.2m) | ($51.2m) | ($405.7m) | $17.3m | $46.3m | ($245.2m) | ($203.9m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($292k) | ($656k) | $742k | ($923k) | $434k | ($2.0m) | ($10.9m) | ($2.0m) | ($6.4m) | $1.8m | |
| Stockholders' Equity Attributable to Parent | $1.3m | ($9.1m) | $7.8m | $272.2m | $484.0m | $430.2m | $825.6m | $983.6m | $833.0m | $1.1b | |
| Liabilities and Equity | $163.6m | $169.1m | $339.9m | $713.2m | $1.2b | $2.1b | $3.1b | $3.4b | $3.2b | $3.5b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.