← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $322.6m | $286.2m | $316.2m | $624.3m | $774.4m | $1.4b | $2.3b | $2.3b | $1.3b | $1.5b | |
| Cost of Revenue | $264.6m | $230.1m | $221.7m | $403.1m | $428.4m | $827.6m | $1.4b | $1.2b | $701.2m | $786.0m | |
| Gross Profit | $58.0m | $56.0m | $94.4m | $221.2m | $346.0m | $554.4m | $974.6m | $1.1b | $629.1m | $687.0m | |
| Operating Expenses | $120.7m | $95.4m | $92.8m | $118.5m | $159.5m | $338.6m | $526.3m | $612.6m | $551.8m | $529.5m | |
| Operating Income (Loss) | ($62.7m) | ($39.4m) | $1.6m | $102.7m | $186.4m | $215.8m | $448.3m | $445.7m | $77.3m | $157.5m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $700k | $400k | $1.7m | $4.7m | $5.1m | $9.5m | $24.7m | $27.2m | $22.6m | $20.2m | |
| Debt Securities, Gain (Loss) | — | — | — | — | — | $3.0m | $735k | $8.1m | $2.0m | ($9.6m) | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | $6.0m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($67.6m) | ($47.9m) | ($14.3m) | $85.5m | $112.7m | $102.9m | $417.6m | $465.5m | $80.9m | $146.0m | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | ($0.54) | ($0) | $1 | $1 | $1 | $3 | $3 | $0.76 | $1.31 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | ($0) | $1 | $1 | $1 | $3 | $3 | $1 | $1 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($66.0m) | ($45.3m) | ($10.2m) | $90.1m | $119.4m | $120.9m | $452.0m | $513.1m | $120.2m | $204.8m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | ($44.3m) | $0 | $0 | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($62.7m) | ($39.4m) | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | ($67.5m) | ($45.2m) | ($11.6m) | $161.1m | $134.0m | $145.4m | $397.4m | $438.9m | $102.7m | $172.1m | |
| Earnings Per Share, Basic | — | ($0.54) | ($0.12) | $1.38 | $1.07 | $1.09 | $2.94 | $3.22 | $0.76 | $1.31 | |
| Earnings Per Share, Diluted | — | — | ($0.12) | $1.23 | $0.95 | $1.02 | $2.77 | $3.08 | $0.75 | $1.29 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | 99.6m | 116.7m | 125.6m | 134.0m | 135.3m | 136.4m | 135.2m | 131.2m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | 99.6m | 131.6m | 141.9m | 142.9m | 144.4m | 143.3m | 140.0m | 134.9m | |
| Research and Development Expense | $50.7m | $33.2m | $32.6m | $40.4m | $55.9m | $105.5m | $168.8m | $227.3m | $201.3m | $189.1m | |
| Other Nonoperating Income (Expense) | ($514k) | $2.0m | ($2.2m) | ($5.4m) | ($3.8m) | $6.0m | ($431k) | $6.5m | ($25.5m) | ($10.9m) | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $8.9m | $4.5m | |
| Current Income Tax Expense (Benefit) | $821k | $1.2m | $1.3m | $1.9m | $2.5m | $6.7m | $54.8m | $121.4m | $78.7m | $19.2m | |
| General and Administrative Expense | $27.4m | $22.2m | $29.1m | $38.8m | $50.7m | $104.1m | $140.0m | $137.8m | $130.8m | $135.8m | |
| Interest Expense | $2.8m | $7.9m | $10.7m | $9.7m | $21.0m | $45.2m | $9.4m | $8.8m | $8.9m | $4.5m | |
| Selling and Marketing Expense | $38.8m | $23.1m | $27.0m | $36.7m | $52.9m | $129.0m | $215.1m | $231.8m | $206.6m | $197.5m | |
| Income Tax Expense (Benefit) | $1.5m | ($149k) | $1.4m | ($71.0m) | ($14.6m) | ($24.5m) | $54.7m | $74.2m | $17.5m | $32.7m | |
| Other Operating Income (Expense), Net | $62.7m | $39.4m | $1.6m | $102.7m | $186.4m | $215.8m | $448.3m | $445.7m | $77.3m | ($200k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.