Enphase Energy, Inc.
For the period ended Jun 30, 2025. Filed Jul 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.
Jun 30, 2025 · Filed Jul 22, 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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Condensed Consolidated Balance Sheets
(In thousands, except par value)
| As of | ||
|---|---|---|
| June 30,2025 | December 31,2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $370,536 | $369,110 |
| Restricted cash | — | 95,006 |
| Marketable securities | 1,159,648 | 1,253,480 |
| Accounts receivable, net of allowances of $7,588 and $7,788 at June 30, 2025 and December 31, 2024, respectively | 223,218 | 223,749 |
| Inventory | 173,016 | 165,004 |
| Prepaid expenses and other current assets | 362,523 | 220,735 |
| Total current assets | 2,288,941 | 2,327,084 |
| Property and equipment, net | 136,902 | 147,514 |
| Intangible assets, net | 32,380 | 42,398 |
| Goodwill | 214,890 | 211,571 |
| Other assets | 193,426 | 205,542 |
| Deferred tax assets, net | 312,250 | 315,567 |
| Total assets | $3,178,789 | $3,249,676 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $162,697 | $90,032 |
| Accrued liabilities | 206,537 | 196,887 |
| Deferred revenues, current | 129,040 | 237,225 |
| Warranty obligations, current | 33,136 | 34,656 |
| Debt, current | 631,179 | 101,291 |
| Total current liabilities | 1,162,589 | 660,091 |
| Long-term liabilities: | ||
| Deferred revenues, non-current | 331,531 | 341,982 |
| Warranty obligations, non-current | 172,950 | 158,233 |
| Other liabilities | 59,542 | 55,265 |
| Debt, non-current | 571,540 | 1,201,089 |
| Total liabilities | 2,298,152 | 2,416,660 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Common stock, $0.00001 par value, 300,000 shares authorized; and 130,736 shares and 132,448 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid-in capital | 1,184,497 | 1,084,573 |
| Accumulated deficit | (309,221) | (245,206) |
| Accumulated other comprehensive income (loss) | 5,360 | (6,352) |
| Total stockholders’ equity | 880,637 | 833,016 |
| Total liabilities and stockholders’ equity | $3,178,789 | $3,249,676 |
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