Enphase Energy Inc
For the period ended Mar 31, 2025. Filed Apr 22, 2025.
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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.
Mar 31, 2025 · Filed Apr 22, 2025
ENPH$27.64-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except par value)
| As of | ||
|---|---|---|
| March 31,2025 | December 31,2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $350,077 | $369,110 |
| Restricted cash | 65,013 | 95,006 |
| Marketable securities | 1,116,780 | 1,253,480 |
| Accounts receivable, net of allowances of $7,929 and $7,788 at March 31, 2025 and December 31, 2024, respectively | 225,625 | 223,749 |
| Inventory | 144,025 | 165,004 |
| Prepaid expenses and other current assets | 295,725 | 220,735 |
| Total current assets | 2,197,245 | 2,327,084 |
| Property and equipment, net | 142,219 | 147,514 |
| Intangible assets, net | 37,408 | 42,398 |
| Goodwill | 212,359 | 211,571 |
| Other assets | 211,447 | 205,542 |
| Deferred tax assets, net | 305,408 | 315,567 |
| Total assets | $3,106,086 | $3,249,676 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $115,374 | $90,032 |
| Accrued liabilities | 212,169 | 196,887 |
| Deferred revenues, current | 167,771 | 237,225 |
| Warranty obligations, current | 33,298 | 34,656 |
| Debt, current | 630,677 | 101,291 |
| Total current liabilities | 1,159,289 | 660,091 |
| Long-term liabilities: | ||
| Deferred revenues, non-current | 333,704 | 341,982 |
| Warranty obligations, non-current | 170,149 | 158,233 |
| Other liabilities | 61,032 | 55,265 |
| Debt, non-current | 571,214 | 1,201,089 |
| Total liabilities | 2,295,388 | 2,416,660 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Common stock, $0.00001 par value, 300,000 shares authorized; and 131,186 shares and 132,448 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid-in capital | 1,128,163 | 1,084,573 |
| Accumulated deficit | (315,856) | (245,206) |
| Accumulated other comprehensive loss | (1,610) | (6,352) |
| Total stockholders’ equity | 810,698 | 833,016 |
| Total liabilities and stockholders’ equity | $3,106,086 | $3,249,676 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.