Financial insights of ENPH

MyFinsight

For the year ending 2025-12-31, ENPH made $1,472,985K in revenue. $172,133K in net income. Net profit margin of 11.69%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Net revenues	1,472,985	-	2,290,786	2,330,853
Cost of revenues	785,981	-	1,232,398	1,356,258
Gross profit	687,004	629,138	1,058,388	974,595
Research and development	189,075	201,315	227,336	168,846
Sales and marketing	197,505	206,552	231,792	215,102
General and administrative	135,767	130,825	137,835	140,002
Restructuring charges	-	-	-	2,384
Restructuring and asset impairment charges	7,131	13,154	15,684	-
Total operating expenses	529,478	551,846	612,647	526,334
Income from operations	157,526	77,292	445,741	448,261
Interest income	62,722	77,306	69,728	13,656
Interest expense	4,521	8,905	8,839	9,438
Other income (expense), net	-10,913	-25,534	6,509	-431
Loss on partial settlement of convertible notes	-	-	0	0
Change in fair value of derivatives	-	-	-	0
Total other income, net	47,288	42,867	67,398	3,787
Income before income taxes	204,814	120,159	513,139	452,048
Income tax provision	32,681	17,501	74,203	54,686
Net income	172,133	102,658	438,936	397,362

Basic (in shares)	131,162,000	135,167,000	136,376,000	135,349,000
Basic (in usd per share)	1.31	0.76	-	-
Diluted (in shares)	134,886,000	140,004,000	143,290,000	144,390,000
Diluted (in usd per share)	1.29	0.75	-	-