Company profile · Semiconductors
Enphase Energy, Inc. (ENPH)
Nasdaq: ENPH · Fremont, CA · Data from SEC filings, updated Oct 6, 2026
Overview
Enphase Energy, Inc. trades on Nasdaq under the ticker ENPH and is classified by RoxMag in the Semiconductors segment (SEC industry code 3674, Semiconductors & Related Devices). Its principal executive offices are in Fremont, CA. The company was founded in 2006. In its annual report for the fiscal year ended December 31, 2025, it reported revenue of $1.47 billion and net income of $172.1 million. By public float it ranks #29 of the 68 semiconductors companies profiled on RoxMag.
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export. The company has shipped more than 48 million microinverters to 2.5 million solar systems in more than 140 countries.
Financial history
Annual figures as reported in Enphase Energy, Inc.'s 10-K filings (US dollars).
- Revenue growth
- 10.7%
- vs prior year, FY2025
- Net margin
- 11.7%
- net income ÷ revenue, FY2025
- Operating margin
- 10.7%
- operating income ÷ revenue, FY2025
- R&D share of revenue
- 12.8%
- R&D ÷ revenue, FY2025
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $2.3B | $2.3B | $1.4B |
| Gross profit | $687.0M | $629.1M | $1.1B | $974.6M | $554.4M |
| Operating income | $157.5M | $77.3M | $445.7M | $448.3M | $215.8M |
| Net income | $172.1M | $102.7M | $438.9M | $397.4M | $145.4M |
| Research & development | $189.1M | $201.3M | $227.3M | $168.8M | $105.5M |
| Total assets | $3.5B | $3.2B | $3.4B | $3.1B | $2.1B |
| Stockholders' equity | $1.1B | $833.0M | $983.6M | $825.6M | $430.2M |
| Cash & equivalents | $474.3M | $369.1M | $288.7M | $473.2M | $119.3M |
Fiscal-year labels follow the calendar year in which each fiscal year ends. Margins and growth are calculated by RoxMag from the reported figures.
Recent SEC filings
Sources & method
Company identity, address, filings, financial figures, share counts and public float come from the company's own filings with the U.S. Securities and Exchange Commission (EDGAR). Website, founding year, chief executive and employee count come from Wikidata where available; the overview excerpt is from Wikipedia. Fields without a public source are left blank. RoxMag does not estimate figures. This page is general information, not investment advice — see our disclaimer and editorial policy.