Enphase Energy, Inc.

For the period ended Jun 30, 2025. Filed Jul 22, 2025.

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.

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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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Net revenues	$363,153	$303,458	$719,237	$566,797
Cost of revenues	192,660	166,292	380,503	314,123
Gross profit	170,493	137,166	338,734	252,674
Operating expenses:
Research and development	45,421	48,871	95,595	103,082
Sales and marketing	50,708	51,775	99,656	105,082
General and administrative	34,035	33,550	68,070	68,732
Restructuring and asset impairment charges	3,322	1,171	6,484	3,078
Total operating expenses	133,486	135,367	269,805	279,974
Income (loss) from operations	37,007	1,799	68,929	(27,300)
Other income, net
Interest income	14,911	19,203	31,943	38,912
Interest expense	(815)	(2,220)	(2,862)	(4,416)
Other expense, net	(8,898)	(7,566)	(8,912)	(7,479)
Total other income, net	5,198	9,417	20,169	27,017
Income (loss) before income taxes	42,205	11,216	89,098	(283)
Income tax provision	(5,153)	(383)	(22,316)	(4,981)
Net income (loss)	$37,052	$10,833	$66,782	$(5,264)
Net income (loss) per share
Basic	$0.28	$0.08	$0.51	$(0.04)
Diluted	$0.28	$0.08	$0.50	$(0.04)
Shares used in per share calculation:
Basic	131,031	135,646	131,447	135,768
Diluted	135,219	136,123	135,719	135,768

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.