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 Statements of Operations
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net revenues | $356,084 | $263,339 |
| Cost of revenues | 187,843 | 147,831 |
| Gross profit | 168,241 | 115,508 |
| Operating expenses: | ||
| Research and development | 50,174 | 54,211 |
| Sales and marketing | 48,948 | 53,307 |
| General and administrative | 34,035 | 35,182 |
| Restructuring and asset impairment charges | 3,162 | 1,907 |
| Total operating expenses | 136,319 | 144,607 |
| Income (loss) from operations | 31,922 | (29,099) |
| Other income, net | ||
| Interest income | 17,032 | 19,709 |
| Interest expense | (2,047) | (2,196) |
| Other income (expense), net | (14) | 87 |
| Total other income, net | 14,971 | 17,600 |
| Income (loss) before income taxes | 46,893 | (11,499) |
| Income tax provision | (17,163) | (4,598) |
| Net income (loss) | $29,730 | $(16,097) |
| Net income (loss) per share | ||
| Basic | $0.23 | $(0.12) |
| Diluted | $0.22 | $(0.12) |
| Shares used in per share calculation: | ||
| Basic | 131,869 | 135,891 |
| Diluted | 136,208 | 135,891 |
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