The table below shows Enphase Energy, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$1.47B
$1.33B
$2.29B
$2.33B
$1.38B
$774.42M
Cost of revenue
$785.98M
$701.25M
$1.23B
$1.36B
$827.63M
$428.44M
Gross profit
$687.00M
$629.14M
$1.06B
$974.60M
$554.42M
$345.98M
R&D
$189.07M
$201.31M
$227.34M
$168.85M
$105.53M
$55.92M
ENPH annual revenue (10-K history)
Enphase Energy, Inc. reported annual revenue of $1.47B for fiscal year 2025. That is up 10.7% from $1.33B in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $322.59M (FY 2016) to $1.47B. Figures come from the company's audited annual reports as filed with the SEC.
