For the year ending 2025-12-31, ENPH has $3,509,792K in assets. $2,422,769K in debts. $474,318K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 474,318 | 369,110 | 288,748 | 473,244 |
| Restricted cash | 0 | 95,006 | - | - |
| Marketable securities | 1,038,536 | 1,253,480 | 1,406,286 | 1,139,599 |
| Accounts receivable, net of allowances of 580 and 7,788 at december31, 2025 and december31, 2024, respectively | 229,881 | 223,749 | 445,959 | 440,896 |
| Inventory | 288,047 | 165,004 | 213,595 | 149,708 |
| Prepaid expenses and other current assets | 576,078 | 220,735 | 88,930 | 60,824 |
| Total current assets | 2,606,860 | 2,327,084 | 2,443,518 | 2,264,271 |
| Property and equipment, net | 136,804 | 147,514 | 168,244 | 111,367 |
| Operating lease, right of use asset, net | - | 24,617 | 19,887 | 21,379 |
| Indefinite-lived intangibles | 286 | 286 | 286 | 286 |
| Net-Developed Technology Rights | 5,441 | 11,800 | - | - |
| Total-Intellectual Property | - | - | 23,951 | 33,784 |
| Net-Customer Relationships | 9,114 | 15,325 | 21,772 | 35,404 |
| Net-Trade Names | 7,447 | 14,987 | 22,527 | 30,067 |
| Total-Order Or Production Backlog | - | - | 0 | 0 |
| Intangible assets, net | 22,288 | 42,398 | 68,536 | 99,541 |
| Goodwill | 214,760 | 211,571 | 214,562 | 213,559 |
| Other assets | 222,677 | 180,925 | 215,895 | 169,291 |
| Deferred tax assets, net | 306,403 | 315,567 | 252,370 | 204,872 |
| Total assets | 3,509,792 | 3,249,676 | 3,383,012 | 3,084,280 |
| Accounts payable | 203,039 | 90,032 | 116,164 | 125,085 |
| Customer rebates and sales incentives | 79,585 | - | 158,338 | - |
| Liability due to supply and service agreements | 62,789 | - | - | - |
| Liability due to supply agreements | - | - | 32,973 | - |
| Duties and tariffs | 30,499 | - | - | - |
| Freight | 8,034 | - | 19,262 | - |
| Salaries, commissions, incentive compensation and benefits | 9,529 | - | 10,316 | - |
| Income tax payable | 4,919 | - | 8,531 | - |
| Operating lease liabilities, current | 8,211 | - | 5,220 | - |
| Vat payable | 2,226 | - | 3,243 | - |
| Post combination expense accrual | - | - | 0 | - |
| Liabilities related to restructuring accruals | 190 | - | 3,104 | - |
| Other | 11,384 | - | 20,932 | - |
| Accrued liabilities | 217,366 | 196,887 | 261,919 | 295,939 |
| Deferred revenues, current | 180,524 | 237,225 | 118,300 | 90,747 |
| Warranty obligations, current | 29,038 | 34,656 | 36,066 | 35,556 |
| Debt, current | 632,183 | 101,291 | 0 | 90,892 |
| Total current liabilities | 1,262,150 | 660,091 | 532,449 | 638,219 |
| Deferred revenues, non-current | 337,923 | 341,982 | 369,172 | 281,613 |
| Warranty obligations, non-current | 185,005 | 158,233 | 153,021 | 95,890 |
| Other liabilities | 65,497 | 55,265 | 51,008 | 43,520 |
| Debt, non-current | 572,194 | 1,201,089 | 1,293,738 | 1,199,465 |
| Total liabilities | 2,422,769 | 2,416,660 | 2,399,388 | 2,258,707 |
| Common stock, 0.00001 par value, 300,000 shares authorized and 131,080 shares and 132,448 shares issued and outstanding at december31, 2025 and december31, 2024, respectively | 1 | 1 | 1 | 1 |
| Additional paid-in capital | 1,289,164 | 1,084,573 | 939,338 | 819,119 |
| Accumulated deficit | -203,896 | -245,206 | 46,273 | 17,335 |
| Accumulated other comprehensive income (loss) | 1,754 | -6,352 | -1,988 | -10,882 |
| Total stockholders equity | 1,087,023 | 833,016 | 983,624 | 825,573 |
| Total liabilities and stockholders equity | 3,509,792 | 3,249,676 | 3,383,012 | 3,084,280 |
Enphase Energy, Inc. (ENPH)
Enphase Energy, Inc. (ENPH)