For the quarter ending 2026-03-31, ENPH had $23,228K increase in cash & cash equivalents over the period. $82,973K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | -7,406 | 38,713 | 66,638 | 37,052 |
| Depreciation and amortization | 20,815 | 20,427 | 20,218 | 20,085 |
| Discount from sale of amptc generated during 2025 | 16,450 | - | - | - |
| Amortization (accretion) of investments purchased at a premium (discount) | -5,108 | 466 | 765 | 1,234 |
| Provision for credit losses | 51 | -288 | -30 | 130 |
| Asset impairment | 79 | 1,549 | 0 | 1,538 |
| Non-cash interest expense | 633 | 828 | 829 | 828 |
| Benefit from lease termination | - | 1,280 | - | - |
| Change in fair value of debt securities | -82 | 2,752 | -3,174 | -9,464 |
| Stock-based compensation | 48,991 | 53,092 | 51,469 | 53,896 |
| Deferred income taxes | -3,127 | -1,054 | -1,826 | 403 |
| Accounts receivable | -41,555 | -51,379 | 57,980 | -8,681 |
| Inventory | 2,654 | 99,395 | 15,636 | 28,991 |
| Prepaid expenses and other assets | -155,340 | 100,414 | 78,330 | 64,261 |
| Accounts payable, accrued and other liabilities | -118,126 | 22,205 | 25,494 | 37,212 |
| Warranty obligations | -9,836 | 3,902 | 4,055 | 2,639 |
| Deferred revenues | -45,084 | 61,133 | -3,392 | -50,813 |
| Net cash provided by operating activities | 102,871 | 47,579 | 13,918 | 26,629 |
| Purchases of marketable securities | 0 | 143,405 | 116,236 | 284,306 |
| Maturities and sales of marketable securities | 597,281 | 181,657 | 201,881 | 242,820 |
| Purchases of property and equipment | 19,898 | 9,740 | 8,032 | 8,259 |
| Investment in debt securities | - | 0 | 6,300 | - |
| Investment in equity of private company | - | 5,000 | - | - |
| Issuance of loan receivables | 1,000 | 0 | 48,500 | - |
| Investment in tax equity fund | 0 | 0 | 1,408 | 1,440 |
| Net cash provided by investing activities | 576,383 | 23,512 | 21,405 | -51,185 |
| Settlement of notes due 2026 | -632,500 | - | - | - |
| Settlement of notes due 2025 | 0 | 0 | 0 | 0 |
| Proceeds from issuances of common stock under employee equity plans | 0 | 3,158 | 0 | 5,302 |
| Payments of withholding taxes related to net share settlement of equity awards | 18,686 | 1,373 | 1,679 | 2,864 |
| Repurchases of common stock | 0 | 0 | 0 | 29,993 |
| Payment of excise tax on net stock repurchases | - | 0 | - | - |
| Net cash used in financing activities | -651,186 | 1,785 | -1,679 | -27,555 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -4,840 | -438 | -2,300 | 7,557 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 23,228 | 72,438 | 31,344 | -44,554 |
| Cash, cash equivalents and restricted cash beginning of period | 474,318 | 401,880 | 370,536 | 415,090 |
| Cash, cash equivalents and restricted cash end of period | 497,546 | 474,318 | 401,880 | 370,536 |
Enphase Energy, Inc. (ENPH)
Enphase Energy, Inc. (ENPH)