Enphase Energy Quarterly Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Enphase Energy free cash flow
In the quarter ended Mar 31, 2026, Enphase Energy generated $102.9 million of operating cash flow and spent $19.9 million on capital expenditures. That left free cash flow of $83.0 million, a free-cash-flow margin of 29.3% of revenue. Free cash flow was up 145.4% from the prior year's $33.8 million.
Summary generated from market data by MetaCap's automated system. Methodology
Enphase Energy cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -7.41M | 38.71M | 66.64M | 37.05M | 29.73M | 62.16M | 45.76M | 10.83M | -16.10M | 20.92M | 113.95M | 157.19M |
| Net Income growth (YoY) | -124.91% | -37.72% | +45.62% | +242.03% | — | +197.15% | -59.84% | -93.11% | -110.96% | -86.39% | -0.75% | +104.21% |
| Depreciation & Amortization | 20.82M | 20.43M | 20.22M | 20.09M | 19.91M | 20.66M | 20.10M | 20.48M | 20.14M | 20.84M | 19.45M | 17.83M |
| Stock-Based Compensation | 48.99M | 53.09M | 51.47M | 53.90M | 55.63M | 51.83M | 45.94M | 52.76M | 60.83M | 55.22M | 43.81M | 54.17M |
| Change in Working Capital | 31.03M | -65.09M | -129.84M | -98.17M | -80.94M | 56.75M | 36.27M | 45.85M | 326.00K | -62.78M | -34.87M | 25.35M |
| Operating Cash Flow | 102.87M | 47.58M | 13.92M | 26.63M | 48.41M | 167.29M | 170.14M | 127.06M | 49.20M | 35.45M | 145.85M | 269.24M |
| Capital Expenditures | -19.90M | -9.74M | -8.03M | -8.26M | -14.61M | -8.06M | -8.53M | -9.64M | -7.37M | -20.07M | -23.85M | -44.00M |
| Investing Cash Flow | 576.38M | 23.51M | 21.41M | -51.19M | 113.06M | 250.64M | -112.48M | -27.63M | 17.73M | 76.04M | -14.81M | -64.05M |
| Share Repurchases | 0 | 0 | 0 | -29.99M | -99.96M | -199.67M | -49.79M | -99.91M | -42.00M | -100.00M | -110.00M | -200.00M |
| Debt Repaid | 0 | 0 | 0 | 0 | -102.17M | 0 | -5.00K | 0 | -2.00K | — | — | — |
| Financing Cash Flow | -651.19M | 1.78M | -1.68M | -27.55M | -214.18M | -202.73M | -56.07M | -100.61M | -100.85M | -114.99M | -117.75M | -212.23M |
| Net Change in Cash | 23.23M | 72.44M | 31.34M | -44.55M | -49.03M | 207.79M | 4.22M | -1.55M | -35.10M | -1.33M | 11.40M | -7.37M |
| Free Cash Flow | 82.97M | 37.84M | 5.89M | 18.37M | 33.81M | 159.23M | 161.60M | 117.43M | 41.83M | 15.38M | 122.01M | 225.24M |
This table shows 12 quarterly periods of Enphase Energy's cash flow statement, from Q1 2026 back to Q2 2023, 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?