Enphase Energy Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Enphase Energy financial position
At the end of fiscal 2025, Enphase Energy reported total assets of $3.51 billion, up 8.0% from a year earlier against total liabilities of $2.42 billion. Shareholders' equity stood at $1.09 billion, or 31.0% of assets. The company held $474.3 million in cash and equivalents against $1.20 billion of debt, a net debt position of $730.1 million.
The current ratio (current assets divided by current liabilities) was 2.07, meaning short-term assets cover obligations due within a year. Debt-to-equity was 1.11.
Summary generated from market data by MetaCap's automated system. Methodology
Enphase Energy balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 474.32M | 369.11M | 288.75M | 473.24M | 119.32M | 679.38M | 251.41M | 106.24M | 29.14M | 17.76M |
| Short-Term Investments | 1.04B | 1.25B | 1.41B | 1.14B | 897.34M | 0 | — | — | — | — |
| Receivables | 229.88M | 223.75M | 445.96M | 440.90M | 333.63M | 182.16M | 145.41M | 78.94M | 65.35M | 61.02M |
| Inventory | 288.05M | 165.00M | 213.59M | 149.71M | 74.40M | 41.76M | 32.06M | 16.27M | 26.00M | 31.96M |
| Total Current Assets | 2.61B | 2.33B | 2.44B | 2.26B | 1.46B | 933.06M | 499.66M | 222.30M | 130.45M | 117.86M |
| Property, Plant & Equipment | 136.80M | 147.51M | 168.24M | 111.37M | 82.17M | 42.98M | 28.94M | 21.00M | 26.48M | 31.44M |
| Goodwill | 214.76M | 211.57M | 214.56M | 213.56M | 181.25M | 24.78M | 24.78M | 24.78M | 3.66M | 3.66M |
| Intangible Assets | 22.29M | 42.40M | 68.54M | 99.54M | 97.76M | 28.81M | 30.58M | 35.31M | 515.00K | 945.00K |
| Total Assets | 3.51B | 3.25B | 3.38B | 3.08B | 2.08B | 1.20B | 713.22M | 339.94M | 169.15M | 163.58M |
| Accounts Payable | 203.04M | 90.03M | 116.16M | 125.08M | 113.77M | 72.61M | 57.47M | 48.79M | 28.75M | 31.70M |
| Short-Term Debt | 632.18M | 101.29M | 0 | 90.89M | 86.05M | 325.97M | 2.88M | 28.16M | 17.43M | 3.03M |
| Total Current Liabilities | 1.26B | 660.09M | 532.45M | 638.22M | 439.80M | 534.04M | 199.31M | 147.16M | 91.74M | 82.77M |
| Long-Term Debt | 572.19M | 1.20B | 1.29B | 1.20B | 951.59M | 4.90M | 102.66M | 81.63M | 32.32M | 20.77M |
| Total Liabilities | 2.42B | 2.42B | 2.40B | 2.26B | 1.65B | 716.11M | 441.01M | 332.16M | 178.27M | 162.28M |
| Shareholders' Equity | 1.09B | 833.02M | 983.62M | 825.57M | 430.17M | 483.99M | 272.21M | 7.78M | -9.13M | 1.30M |
| Retained Earnings | -203.90M | -245.21M | 46.27M | 17.34M | -405.74M | -51.19M | -185.18M | -346.30M | -295.73M | -250.53M |
| Total Debt | 1.20B | 1.30B | 1.29B | 1.29B | 1.04B | 330.87M | 105.54M | 109.78M | 49.75M | 23.80M |
| Net Cash (Debt) | 308.48M | 320.21M | 401.30M | 322.49M | -21.00M | 348.51M | 145.87M | -3.55M | -20.61M | -6.04M |
| Shares Outstanding | 131.08M | 132.45M | 135.72M | 136.44M | 133.89M | 128.96M | 123.11M | 107.03M | 85.91M | 62.27M |
This table shows 10 annual periods of Enphase Energy's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow ENPH's reporting calendar. What is a balance sheet?