Enphase Energy Inc

For the period ended Sep 30, 2024. Filed Oct 22, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 22, 2024

ENPH$29.08+2.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Net revenues	$380,873	$551,082	$947,670	$1,988,216
Cost of revenues	202,702	289,069	516,825	1,076,490
Gross profit	178,171	262,013	430,845	911,726
Operating expenses:
Research and development	47,843	54,873	150,925	172,045
Sales and marketing	49,671	55,357	154,753	178,383
General and administrative	30,192	33,794	98,924	104,456
Restructuring and asset impairment charges	677	—	3,755	870
Total operating expenses	128,383	144,024	408,357	455,754
Income from operations	49,788	117,989	22,488	455,972
Other income, net
Interest income	19,977	19,669	58,889	49,235
Interest expense	(2,237)	(2,196)	(6,653)	(6,571)
Other income (expense), net	(16,785)	1,883	(24,264)	2,276
Total other income, net	955	19,356	27,972	44,940
Income before income taxes	50,743	137,345	50,460	500,912
Income tax provision	(4,981)	(23,392)	(9,962)	(82,895)
Net income	$45,762	$113,953	$40,498	$418,017
Net income per share
Basic	$0.34	$0.84	$0.30	$3.06
Diluted	$0.33	$0.80	$0.30	$2.92
Shares used in per share calculation:
Basic	135,329	136,165	135,621	136,491
Diluted	139,914	143,863	136,236	145,081

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.