Enphase Energy, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $474.3M | $369.1M | $288.7M | $473.2M | $119.3M | $679.4M | $251.4M | $106.2M |
| Accounts Receivable | $229.9M | $223.7M | $446.0M | $440.9M | $333.6M | $182.2M | $145.4M | $78.9M |
| Inventory | $288.0M | $165.0M | $213.6M | $149.7M | $74.4M | $41.8M | $32.1M | $16.3M |
| Total Current Assets | $2.61B | $2.33B | $2.44B | $2.26B | $1.46B | $933.1M | $499.7M | $222.3M |
| Property, Plant & Equipment | $136.8M | $147.5M | $168.2M | $111.4M | $82.2M | $43.0M | $28.9M | $21.0M |
| Goodwill | $214.8M | $211.6M | $214.6M | $213.6M | $181.3M | $24.8M | $24.8M | $24.8M |
| Intangible Assets (Excl. Goodwill) | $22.3M | $42.4M | $68.5M | $99.5M | $97.8M | $28.8M | $30.6M | $35.3M |
| Total Assets | $3.51B | $3.25B | $3.38B | $3.08B | $2.08B | $1.20B | $713.2M | $339.9M |
| Liabilities | ||||||||
| Accounts Payable | $203.0M | $90.0M | $116.2M | $125.1M | $113.8M | $72.6M | $57.5M | $48.8M |
| Total Current Liabilities | $1.26B | $660.1M | $532.4M | $638.2M | $439.8M | $534.0M | $199.3M | $147.2M |
| Long-Term Debt | $572.2M | $1.20B | $1.29B | $1.20B | $951.6M | $4.9M | $102.7M | $81.6M |
| Total Liabilities | $2.42B | $2.42B | $2.40B | $2.26B | $1.65B | $716.1M | $441.0M | $332.2M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-203.9M | $-245.2M | $46.3M | $17.3M | $-405.7M | $-51.2M | $-185.2M | $-346.3M |
| Total Stockholders' Equity | $1.09B | $833.0M | $983.6M | $825.6M | $430.2M | $484.0M | $272.2M | $7.8M |