Enphase Energy, Inc.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
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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Consolidated Balance Sheets
| As of | ||
|---|---|---|
| December 31,2025 | December 31,2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $474,318 | $369,110 |
| Restricted cash | — | 95,006 |
| Marketable securities | 1,038,536 | 1,253,480 |
| Accounts receivable, net of allowances of $580 and $7,788 at December 31, 2025 and December 31, 2024, respectively | 229,881 | 223,749 |
| Inventory | 288,047 | 165,004 |
| Prepaid expenses and other current assets | 576,078 | 220,735 |
| Total current assets | 2,606,860 | 2,327,084 |
| Property and equipment, net | 136,804 | 147,514 |
| Intangible assets, net | 22,288 | 42,398 |
| Goodwill | 214,760 | 211,571 |
| Other assets | 222,677 | 205,542 |
| Deferred tax assets, net | 306,403 | 315,567 |
| Total assets | $3,509,792 | $3,249,676 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $203,039 | $90,032 |
| Accrued liabilities | 217,366 | 196,887 |
| Deferred revenues, current | 180,524 | 237,225 |
| Warranty obligations, current | 29,038 | 34,656 |
| Debt, current | 632,183 | 101,291 |
| Total current liabilities | 1,262,150 | 660,091 |
| Long-term liabilities: | ||
| Deferred revenues, non-current | 337,923 | 341,982 |
| Warranty obligations, non-current | 185,005 | 158,233 |
| Other liabilities | 65,497 | 55,265 |
| Debt, non-current | 572,194 | 1,201,089 |
| Total liabilities | 2,422,769 | 2,416,660 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity: | ||
| Common stock, $0.00001 par value, 300,000 shares authorized; and 131,080 shares and 132,448 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid-in capital | 1,289,164 | 1,084,573 |
| Accumulated deficit | (203,896) | (245,206) |
| Accumulated other comprehensive income (loss) | 1,754 | (6,352) |
| Total stockholders’ equity | 1,087,023 | 833,016 |
| Total liabilities and stockholders’ equity | $3,509,792 | $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.