Enphase Energy annual net debt
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2025
Enphase Energy Net Debt Growth & History (ENPH)
Enphase Energy's net debt was $769.5M for fiscal 2025.
View full Enphase Energy company overviewEnphase Energy annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $769.5M | −$192.7M | −20.02% |
| 2024 | 2024-12-31 | $962.1M | −$66.9M | −6.50% |
| 2023 | 2023-12-31 | $1.03B | $187.5M | +22.27% |
| 2022 | 2022-12-31 | $841.6M | −$92.5M | −9.90% |
| 2021 | 2021-12-31 | $934.1M | $1.26B | — |
| 2020 | 2020-12-31 | −$328.8M | −$195.6M | — |
| 2019 | 2019-12-31 | −$133.2M | −$136.7M | — |
| 2018 | 2018-12-31 | $3.5M | −$17.1M | −82.79% |
| 2017 | 2017-12-31 | $20.6M | $14.6M | +241.40% |
| 2016 | 2016-12-31 | $6.0M | $34.5M | — |
| 2015 | 2015-12-31 | −$28.5M | $13.6M | — |
| 2014 | 2014-12-31 | −$42.0M | −$14.9M | — |
| 2013 | 2013-12-31 | −$27.1M | $7.1M | — |
| 2012 | 2012-12-31 | −$34.2M | $2.6M | — |
| 2011 | 2011-12-31 | −$36.8M | — | — |
Enphase Energy quarterly net debt
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Q3.25
Q4.25
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $52.6M | −$811.6M | −93.91% |
| Q1 2026 | 2026-03-31 | $114.6M | −$769.9M | −87.05% |
| Q4 2025 | 2025-12-31 | $769.5M | −$192.7M | −20.02% |
| Q3 2025 | 2025-09-30 | $831.7M | −$244.2M | −22.69% |
| Q2 2025 | 2025-06-30 | $864.2M | −$205.0M | −19.18% |
| Q1 2025 | 2025-03-31 | $884.5M | −$181.6M | −17.03% |
| Q4 2024 | 2024-12-31 | $962.1M | −$66.9M | −6.50% |
| Q3 2024 | 2024-09-30 | $1.08B | $49.3M | +4.80% |
| Q2 2024 | 2024-06-30 | $1.07B | $27.3M | +2.62% |
| Q1 2024 | 2024-03-31 | $1.07B | $35.1M | +3.40% |
| Q4 2023 | 2023-12-31 | $1.03B | $187.5M | +22.27% |
| Q3 2023 | 2023-09-30 | $1.03B | $54.8M | +5.64% |
| Q2 2023 | 2023-06-30 | $1.04B | $231.2M | +28.51% |
| Q1 2023 | 2023-03-31 | $1.03B | — | — |
| Q4 2022 | 2022-12-31 | $841.6M | −$92.5M | −9.90% |
| Q3 2022 | 2022-09-30 | $971.8M | $814.4M | +517.08% |
| Q2 2022 | 2022-06-30 | $810.7M | $1.09B | — |
| Q4 2021 | 2021-12-31 | $934.1M | $1.26B | — |
| Q3 2021 | 2021-09-30 | $157.5M | $442.5M | — |
| Q2 2021 | 2021-06-30 | −$280.6M | −$42.6M | — |
| Q1 2021 | 2021-03-31 | −$468.1M | −$329.2M | — |
| Q4 2020 | 2020-12-31 | −$328.8M | −$195.6M | — |
| Q3 2020 | 2020-09-30 | −$285.0M | −$199.4M | — |
| Q2 2020 | 2020-06-30 | −$238.0M | −$149.3M | — |
| Q1 2020 | 2020-03-31 | −$138.9M | −$139.2M | — |
| Q4 2019 | 2019-12-31 | −$133.2M | −$136.7M | — |
| Q3 2019 | 2019-09-30 | −$85.6M | −$81.5M | — |
| Q2 2019 | 2019-06-30 | −$88.7M | −$82.2M | — |
| Q1 2019 | 2019-03-31 | $322,000 | $2.9M | — |
| Q4 2018 | 2018-12-31 | $3.5M | −$17.1M | −82.79% |
| Q3 2018 | 2018-09-30 | −$4.1M | −$22.9M | — |
| Q2 2018 | 2018-06-30 | −$6.5M | −$22.9M | — |
| Q1 2018 | 2018-03-31 | −$2.5M | −$19.5M | — |
| Q4 2017 | 2017-12-31 | $20.6M | $14.6M | +241.40% |
| Q3 2017 | 2017-09-30 | $18.7M | $18.8M | — |
| Q2 2017 | 2017-06-30 | $16.4M | $24.6M | — |
| Q1 2017 | 2017-03-31 | $16.9M | $29.9M | — |
| Q4 2016 | 2016-12-31 | $6.0M | $34.5M | — |
| Q3 2016 | 2016-09-30 | −$107,000 | $22.4M | — |
| Q2 2016 | 2016-06-30 | −$8.2M | $23.6M | — |
| Q1 2016 | 2016-03-31 | −$13.0M | $14.1M | — |
| Q4 2015 | 2015-12-31 | −$28.5M | $13.6M | — |
| Q3 2015 | 2015-09-30 | −$22.5M | $16.2M | — |
| Q2 2015 | 2015-06-30 | −$31.9M | −$797,000 | — |
| Q1 2015 | 2015-03-31 | −$27.1M | $5.0M | — |
| Q4 2014 | 2014-12-31 | −$42.0M | −$14.9M | — |
| Q3 2014 | 2014-09-30 | −$38.7M | −$16.2M | — |
| Q2 2014 | 2014-06-30 | −$31.1M | −$7.0M | — |
| Q1 2014 | 2014-03-31 | −$32.1M | −$6.2M | — |
| Q4 2013 | 2013-12-31 | −$27.1M | $7.1M | — |
| Q3 2013 | 2013-09-30 | −$22.5M | $14.1M | — |
| Q2 2013 | 2013-06-30 | −$24.1M | $36.0M | — |
| Q1 2013 | 2013-03-31 | −$25.9M | — | — |
| Q4 2012 | 2012-12-31 | −$34.2M | $2.6M | — |
| Q3 2012 | 2012-09-30 | −$36.6M | — | — |
| Q2 2012 | 2012-06-30 | −$60.1M | — | — |
| Q4 2011 | 2011-12-31 | −$36.8M | — | — |
Enphase Energy net debt trends
Over the last five fiscal years, Enphase Energy's net debt increased from −$328.8M to $769.5M, a change of $1.10B. The latest reported quarter, Q2 2026, shows $52.6M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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