Income Statement (TTM)
Enphase Energy, Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.
All numbers are times 1,000,000 except per share units.
|
2020 09-30 |
2020 12-31 |
2021 03-31 |
2021 06-30 |
2021 09-30 |
2021 12-31 |
2022 03-31 |
2022 06-30 |
2022 09-30 |
2022 12-31 |
2023 03-31 |
2023 06-30 |
2023 09-30 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 720 | 774 | 871 | 1,061 | 1,234 | 1,382 | 1,522 | 1,736 | 2,019 | 2,331 | 2,616 | 2,796 | 2,713 | 2,291 | 1,828 | 1,420 | 1,250 | 1,330 | 1,423 | 1,483 |
| Change (%) | 7.62 | 12.42 | 21.88 | 16.30 | 11.98 | 10.10 | 14.07 | 16.32 | 15.45 | 12.22 | 6.92 | -2.99 | -15.56 | -20.20 | -22.30 | -11.98 | 6.41 | 6.97 | 4.19 | |
| % of Revenue | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Cost Of Sales | 418 | 428 | 482 | 593 | 721 | 828 | 913 | 1,036 | 1,192 | 1,356 | 1,492 | 1,568 | 1,490 | 1,286 | 1,034 | 856 | 673 | 859 | 899 | 997 |
| Change (%) | 2.57 | 12.59 | 23.03 | 21.51 | 14.77 | 10.33 | 13.46 | 15.02 | 13.81 | 9.98 | 5.13 | -4.96 | -13.72 | -19.58 | -17.27 | -21.36 | 27.65 | 4.66 | 10.92 | |
| % of Revenue | 58.04 | 55.32 | 55.41 | 55.93 | 58.43 | 59.88 | 60.01 | 59.69 | 59.03 | 58.19 | 57.03 | 56.08 | 54.94 | 56.13 | 56.57 | 60.23 | 53.81 | 64.55 | 63.15 | 67.23 |
| Gross Operating Profit | 302 | 346 | 388 | 468 | 513 | 554 | 608 | 700 | 827 | 975 | 1,124 | 1,228 | 1,222 | 1,005 | 794 | 565 | 578 | 472 | 524 | 486 |
| Change (%) | 14.59 | 12.22 | 20.45 | 9.70 | 8.06 | 9.74 | 14.99 | 18.23 | 17.82 | 15.33 | 9.28 | -0.48 | -17.80 | -20.98 | -28.85 | 2.22 | -18.33 | 11.18 | -7.34 | |
| % of Revenue | 41.96 | 44.68 | 44.59 | 44.07 | 41.57 | 40.12 | 39.99 | 40.31 | 40.97 | 41.81 | 42.97 | 43.92 | 45.06 | 43.87 | 43.43 | 39.77 | 46.19 | 35.45 | 36.85 | 32.77 |
| SG&A | 98 | 104 | 119 | 141 | 186 | 228 | 268 | 308 | 322 | 353 | 374 | 381 | 383 | 370 | 357 | 350 | 340 | 337 | 332 | 331 |
| Change (%) | 6.02 | 15.11 | 17.90 | 32.30 | 22.63 | 17.39 | 14.94 | 4.58 | 9.61 | 5.97 | 1.90 | 0.38 | -3.37 | -3.35 | -2.09 | -2.66 | -0.91 | -1.63 | -0.18 | |
| % of Revenue | 13.58 | 13.38 | 13.70 | 13.25 | 15.08 | 16.51 | 17.60 | 17.74 | 15.95 | 15.14 | 14.30 | 13.63 | 14.10 | 16.14 | 19.54 | 24.62 | 27.23 | 25.36 | 23.32 | 22.34 |
| R&D | 51 | 56 | 66 | 75 | 90 | 106 | 119 | 136 | 151 | 169 | 190 | 211 | 222 | 227 | 224 | 213 | 206 | 201 | 197 | 194 |
| Change (%) | 9.03 | 17.78 | 14.45 | 19.05 | 17.59 | 13.17 | 13.86 | 10.87 | 12.00 | 12.68 | 10.93 | 5.06 | 2.53 | -1.28 | -4.98 | -3.30 | -2.38 | -2.01 | -1.75 | |
| % of Revenue | 7.13 | 7.22 | 7.56 | 7.10 | 7.27 | 7.64 | 7.85 | 7.83 | 7.47 | 7.24 | 7.27 | 7.55 | 8.17 | 9.92 | 12.28 | 15.01 | 16.49 | 15.13 | 13.86 | 13.07 |
| OpEx | 567 | 588 | 668 | 809 | 997 | 1,161 | 1,300 | 1,480 | 1,664 | 1,878 | 2,056 | 2,160 | 2,095 | 1,829 | 1,562 | 1,322 | 1,219 | 1,240 | 1,270 | 1,293 |
| Change (%) | 3.75 | 13.53 | 21.27 | 23.15 | 16.49 | 11.98 | 13.80 | 12.47 | 12.83 | 9.47 | 5.08 | -3.04 | -12.67 | -14.60 | -15.37 | -7.77 | 1.68 | 2.46 | 1.76 | |
| % of Revenue | 78.75 | 75.93 | 76.67 | 76.28 | 80.78 | 84.03 | 85.46 | 85.26 | 82.44 | 80.57 | 78.60 | 77.25 | 77.21 | 79.86 | 85.46 | 93.08 | 97.53 | 93.20 | 89.27 | 87.18 |
| Operating Income | 153 | 186 | 203 | 252 | 237 | 221 | 221 | 256 | 354 | 453 | 560 | 636 | 618 | 461 | 266 | 98 | 31 | 90 | 153 | 190 |
| Change (%) | 21.94 | 8.94 | 23.90 | -5.73 | -6.96 | 0.20 | 15.66 | 38.58 | 27.75 | 23.61 | 13.66 | -2.84 | -25.36 | -42.38 | -63.01 | -68.66 | 193.41 | 68.85 | 24.46 | |
| % of Revenue | 21.25 | 24.07 | 23.33 | 23.72 | 19.22 | 15.97 | 14.54 | 14.74 | 17.56 | 19.43 | 21.40 | 22.75 | 22.79 | 20.14 | 14.54 | 6.92 | 2.47 | 6.80 | 10.73 | 12.82 |
| Interest Expense | -17 | -21 | -25 | -32 | -38 | -45 | -41 | -30 | -20 | -9 | -9 | -9 | -9 | -9 | -9 | -9 | -9 | -9 | -9 | -7 |
| Change (%) | 20.67 | 19.88 | 26.03 | 20.91 | 17.69 | -10.17 | -25.49 | -34.32 | -52.45 | -6.15 | 0.58 | -0.66 | -0.12 | 0.45 | 0.01 | 0.46 | -0.18 | -1.67 | -16.05 | |
| % of Revenue | -2.42 | -2.71 | -2.89 | -2.99 | -3.11 | -3.27 | -2.67 | -1.74 | -0.98 | -0.40 | -0.34 | -0.32 | -0.33 | -0.39 | -0.49 | -0.63 | -0.71 | -0.67 | -0.62 | -0.50 |
| Net Income | 178 | 134 | 97 | 183 | 166 | 145 | 166 | 203 | 296 | 397 | 492 | 573 | 572 | 439 | 276 | 130 | 61 | 103 | 148 | 175 |
| Change (%) | -24.58 | -27.79 | 89.55 | -9.57 | -12.30 | 13.84 | 22.72 | 45.77 | 34.15 | 23.92 | 16.29 | -0.15 | -23.23 | -37.13 | -53.03 | -52.61 | 67.15 | 44.64 | 17.66 | |
| % of Revenue | 24.69 | 17.30 | 11.11 | 17.28 | 13.44 | 10.52 | 10.88 | 11.71 | 14.67 | 17.05 | 18.83 | 20.48 | 21.08 | 19.16 | 15.10 | 9.12 | 4.91 | 7.72 | 10.43 | 11.78 |
Source: Capital IQ
