Enphase Energy, Inc.
For the period ended Sep 30, 2025. Filed Oct 28, 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.
Sep 30, 2025 · Filed Oct 28, 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 Stockholders' Equity
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Common stock and paid-in capital | ||||
| Balance, beginning of period | $1,184,498 | $993,369 | $1,084,574 | $939,339 |
| Issuance of common stock from exercise of equity awards | — | 14 | 5,369 | 7,969 |
| Payment of withholding taxes related to net share settlement of equity awards | (1,679) | (6,286) | (16,653) | (73,801) |
| Stock-based compensation expense | 51,469 | 45,940 | 160,998 | 159,530 |
| Balance, end of period | $1,234,288 | $1,033,037 | $1,234,288 | $1,033,037 |
| Accumulated earnings deficit | ||||
| Balance, beginning of period | $(309,221) | $(100,895) | $(245,206) | $46,273 |
| Repurchase of common stock | — | (49,794) | (129,957) | (191,698) |
| Net income | 66,638 | 45,762 | 133,420 | 40,498 |
| Excise tax on net stock repurchases | — | — | (840) | — |
| Balance, end of period | $(242,583) | $(104,927) | $(242,583) | $(104,927) |
| Accumulated other comprehensive income | ||||
| Balance, beginning of period | $5,360 | $(7,951) | $(6,352) | $(1,988) |
| Foreign currency translation adjustments | (3,636) | 4,356 | 6,168 | 698 |
| Change in net unrealized gain on marketable securities, net of tax | 1,593 | 6,858 | 3,501 | 4,553 |
| Balance, end of period | $3,317 | $3,263 | $3,317 | $3,263 |
| Total stockholders' equity, ending balance | $995,022 | $931,373 | $995,022 | $931,373 |
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