Enphase Energy Inc
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 10, 2025
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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Consolidated Statements of Operations
(In thousands, except per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net revenues | $1,330,383 | $2,290,786 | $2,330,853 |
| Cost of revenues | 701,245 | 1,232,398 | 1,356,258 |
| Gross profit | 629,138 | 1,058,388 | 974,595 |
| Operating expenses: | |||
| Research and development | 201,315 | 227,336 | 168,846 |
| Sales and marketing | 206,552 | 231,792 | 215,102 |
| General and administrative | 130,825 | 137,835 | 140,002 |
| Restructuring and asset impairment charges | 13,154 | 15,684 | 2,384 |
| Total operating expenses | 551,846 | 612,647 | 526,334 |
| Income from operations | 77,292 | 445,741 | 448,261 |
| Other income, net | |||
| Interest income | 77,306 | 69,728 | 13,656 |
| Interest expense | (8,905) | (8,839) | (9,438) |
| Other income (expense), net | (25,534) | 6,509 | (431) |
| Total other income, net | 42,867 | 67,398 | 3,787 |
| Income before income taxes | 120,159 | 513,139 | 452,048 |
| Income tax provision | (17,501) | (74,203) | (54,686) |
| Net income | $102,658 | $438,936 | $397,362 |
| Net income per share | |||
| Basic | $0.76 | $3.22 | $2.94 |
| Diluted | $0.75 | $3.08 | $2.77 |
| Shares used in per share calculation: | |||
| Basic | 135,167 | 136,376 | 135,349 |
| Diluted | 140,004 | 143,290 | 144,390 |
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