Enphase Energy Cash Flow Statement
NASDAQ: ENPHTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Enphase Energy free cash flow
In fiscal 2025, Enphase Energy generated $136.5 million of operating cash flow and spent $40.6 million on capital expenditures. That left free cash flow of $95.9 million, a free-cash-flow margin of 6.5% of revenue. Free cash flow was down 80.0% from the prior year's $480.1 million.
Enphase Energy returned $130.0 million to shareholders through share repurchases, equal to 136% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
Enphase Energy cash flow statement (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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 172.13M | 102.66M | 438.94M | 397.36M | 145.45M | 134.00M | 161.15M | -11.63M | -45.19M | -67.46M |
| Net Income growth (YoY) | +67.68% | -76.61% | +10.46% | +173.20% | +8.55% | -16.85% | — | — | — | — |
| Depreciation & Amortization | 80.64M | 81.39M | 74.71M | 58.77M | 30.85M | 18.10M | 14.12M | 9.67M | 9.00M | 10.64M |
| Stock-Based Compensation | 214.09M | 211.36M | 212.86M | 216.80M | 114.29M | 42.50M | 20.18M | 11.43M | 6.73M | 10.33M |
| Change in Working Capital | -374.05M | 139.20M | -40.51M | 4.35M | -11.95M | -33.47M | -4.38M | 10.05M | 181.00K | 6.24M |
| Operating Cash Flow | 136.54M | 513.69M | 696.78M | 744.82M | 352.03M | 216.33M | 139.07M | 16.13M | -28.44M | -32.95M |
| Capital Expenditures | -40.64M | -33.60M | -110.40M | -46.44M | -52.26M | -20.56M | -14.79M | -4.15M | -4.12M | -12.17M |
| Investing Cash Flow | 106.79M | 128.27M | -366.36M | -371.91M | -1.22B | -25.57M | -14.79M | -19.15M | -4.12M | -11.79M |
| Share Repurchases | -129.96M | -391.36M | -410.00M | 0 | -500.00M | 0 | 0 | — | — | — |
| Debt Issued | — | — | — | — | — | 0 | 0 | 68.02M | 26.44M | 23.99M |
| Debt Repaid | -102.17M | -7.00K | 0 | 0 | -1.69M | -2.58M | -45.85M | -9.98M | 0 | 0 |
| Financing Cash Flow | -241.62M | -460.27M | -516.77M | -17.13M | 309.41M | 191.68M | 65.85M | 80.61M | 43.30M | 34.38M |
| Net Change in Cash | 10.20M | 175.37M | -184.50M | 353.93M | -560.06M | 383.27M | 189.87M | 77.09M | 11.38M | -10.69M |
| Free Cash Flow | 95.90M | 480.09M | 586.38M | 698.37M | 299.77M | 195.78M | 124.28M | 11.98M | -32.56M | -45.12M |
This table shows 10 annual periods of Enphase Energy's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow ENPH's reporting calendar. What is a cash flow statement?