Enphase Energy annual operating expenses
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Enphase Energy Operating Expenses Growth & History (ENPH)
Enphase Energy's operating expenses was $529.5M for fiscal 2025.
View full Enphase Energy company overviewEnphase Energy annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $529.5M | −$22.4M | −4.05% |
| 2024 | 2024-12-31 | $551.8M | −$60.8M | −9.92% |
| 2023 | 2023-12-31 | $612.6M | $86.3M | +16.40% |
| 2022 | 2022-12-31 | $526.3M | $187.7M | +55.45% |
| 2021 | 2021-12-31 | $338.6M | $179.0M | +112.23% |
| 2020 | 2020-12-31 | $159.5M | $41.0M | +34.62% |
| 2019 | 2019-12-31 | $118.5M | $25.7M | +27.64% |
| 2018 | 2018-12-31 | $92.8M | −$2.6M | −2.70% |
| 2017 | 2017-12-31 | $95.4M | −$25.3M | −20.95% |
| 2016 | 2016-12-31 | $120.7M | −$6.8M | −5.35% |
| 2015 | 2015-12-31 | $127.5M | $10.1M | +8.56% |
| 2014 | 2014-12-31 | $117.5M | $27.9M | +31.15% |
| 2013 | 2013-12-31 | $89.6M | $3.1M | +3.61% |
| 2012 | 2012-12-31 | $86.4M | $28.7M | +49.61% |
| 2011 | 2011-12-31 | $57.8M | $30.6M | +112.28% |
| 2010 | 2010-12-31 | $27.2M | — | — |
Enphase Energy quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $122.5M | −$10.9M | −8.20% |
| Q1 2026 | 2026-03-31 | $130.0M | −$6.3M | −4.61% |
| Q4 2025 | 2025-12-31 | $129.6M | −$13.9M | −9.68% |
| Q3 2025 | 2025-09-30 | $130.1M | $1.7M | +1.32% |
| Q2 2025 | 2025-06-30 | $133.5M | −$1.9M | −1.39% |
| Q1 2025 | 2025-03-31 | $136.3M | −$8.3M | −5.73% |
| Q4 2024 | 2024-12-31 | $143.5M | −$13.4M | −8.54% |
| Q3 2024 | 2024-09-30 | $128.4M | −$15.6M | −10.86% |
| Q2 2024 | 2024-06-30 | $135.4M | −$17.7M | −11.54% |
| Q1 2024 | 2024-03-31 | $144.6M | −$14.1M | −8.88% |
| Q4 2023 | 2023-12-31 | $156.9M | $3.2M | +2.05% |
| Q3 2023 | 2023-09-30 | $144.0M | $11.5M | +8.72% |
| Q2 2023 | 2023-06-30 | $153.0M | $28.1M | +22.45% |
| Q1 2023 | 2023-03-31 | $158.7M | $43.6M | +37.83% |
| Q4 2022 | 2022-12-31 | $153.7M | $48.1M | +45.56% |
| Q3 2022 | 2022-09-30 | $132.5M | $29.5M | +28.61% |
| Q2 2022 | 2022-06-30 | $125.0M | $56.6M | +82.70% |
| Q1 2022 | 2022-03-31 | $115.1M | $53.6M | +87.04% |
| Q4 2021 | 2021-12-31 | $105.6M | $62.8M | +146.64% |
| Q3 2021 | 2021-09-30 | $103.0M | $59.8M | +138.32% |
| Q2 2021 | 2021-06-30 | $68.4M | $30.9M | +82.24% |
| Q1 2021 | 2021-03-31 | $61.6M | $25.6M | +71.18% |
| Q4 2020 | 2020-12-31 | $42.8M | $9.4M | +28.07% |
| Q3 2020 | 2020-09-30 | $43.2M | $12.2M | +39.43% |
| Q2 2020 | 2020-06-30 | $37.5M | $9.7M | +34.66% |
| Q1 2020 | 2020-03-31 | $36.0M | $9.8M | +37.24% |
| Q4 2019 | 2019-12-31 | $33.4M | $10.3M | +44.37% |
| Q3 2019 | 2019-09-30 | $31.0M | $5.4M | +20.91% |
| Q2 2019 | 2019-06-30 | $27.9M | $4.6M | +19.83% |
| Q1 2019 | 2019-03-31 | $26.2M | $5.4M | +26.05% |
| Q4 2018 | 2018-12-31 | $23.2M | $2.0M | +9.66% |
| Q3 2018 | 2018-09-30 | $25.6M | $3.3M | +14.65% |
| Q2 2018 | 2018-06-30 | $23.3M | $465,000 | +2.04% |
| Q1 2018 | 2018-03-31 | $20.8M | −$8.4M | −28.66% |
| Q4 2017 | 2017-12-31 | $21.1M | −$5.2M | −19.77% |
| Q3 2017 | 2017-09-30 | $22.4M | −$11.2M | −33.47% |
| Q2 2017 | 2017-06-30 | $22.8M | −$7.1M | −23.83% |
| Q1 2017 | 2017-03-31 | $29.1M | −$1.7M | −5.53% |
| Q4 2016 | 2016-12-31 | $26.3M | −$4.5M | −14.72% |
| Q3 2016 | 2016-09-30 | $33.6M | $3.9M | +13.21% |
| Q2 2016 | 2016-06-30 | $29.9M | −$3.5M | −10.40% |
| Q1 2016 | 2016-03-31 | $30.8M | −$2.7M | −8.11% |
| Q4 2015 | 2015-12-31 | $30.9M | −$2.2M | −6.69% |
| Q3 2015 | 2015-09-30 | $29.7M | −$941,000 | −3.07% |
| Q2 2015 | 2015-06-30 | $33.4M | $4.1M | +13.90% |
| Q1 2015 | 2015-03-31 | $33.6M | $9.1M | +37.36% |
| Q4 2014 | 2014-12-31 | $33.1M | $10.0M | +43.18% |
| Q3 2014 | 2014-09-30 | $30.6M | $7.8M | +34.45% |
| Q2 2014 | 2014-06-30 | $29.3M | $7.5M | +34.65% |
| Q1 2014 | 2014-03-31 | $24.4M | $2.5M | +11.54% |
| Q4 2013 | 2013-12-31 | $23.1M | $872,000 | +3.92% |
| Q3 2013 | 2013-09-30 | $22.8M | −$1.7M | −7.10% |
| Q2 2013 | 2013-06-30 | $21.8M | $669,000 | +3.17% |
| Q1 2013 | 2013-03-31 | $21.9M | $3.3M | +17.89% |
| Q4 2012 | 2012-12-31 | $22.2M | $5.3M | +31.56% |
| Q3 2012 | 2012-09-30 | $24.5M | $9.5M | +63.71% |
| Q2 2012 | 2012-06-30 | $21.1M | $6.8M | +47.63% |
| Q1 2012 | 2012-03-31 | $18.6M | $7.0M | +60.16% |
| Q4 2011 | 2011-12-31 | $16.9M | — | — |
| Q3 2011 | 2011-09-30 | $15.0M | — | — |
| Q2 2011 | 2011-06-30 | $14.3M | — | — |
| Q1 2011 | 2011-03-31 | $11.6M | — | — |
Enphase Energy operating expenses trends
Over the last five fiscal years, Enphase Energy's operating expenses increased from $159.5M to $529.5M, a change of $369.9M. The latest reported quarter, Q2 2026, shows $122.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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