Stock Analysis on Net

Enphase Energy Inc. (NASDAQ:ENPH)

This company has been moved to the archive! The financial data has not been updated since February 9, 2024.

Common-Size Income Statement 
Quarterly Data

Enphase Energy Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net revenues 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of revenues -51.53 -52.45 -54.53 -55.05 -57.12 -57.79 -58.69 -59.90 -60.43 -60.07 -59.56 -59.26 -53.96 -46.79 -61.46 -60.75 -62.92 -64.06 -66.20 -66.71
Gross profit 48.47% 47.55% 45.47% 44.95% 42.88% 42.21% 41.31% 40.10% 39.57% 39.93% 40.44% 40.74% 46.04% 53.21% 38.54% 39.25% 37.08% 35.94% 33.80% 33.29%
Research and development -18.27 -9.96 -8.44 -7.87 -6.86 -6.96 -7.40 -8.09 -7.65 -8.37 -7.18 -7.23 -5.97 -8.43 -10.51 -5.78 -5.32 -6.16 -7.16 -8.51
Sales and marketing -17.65 -10.05 -8.21 -8.90 -8.96 -8.71 -10.11 -9.37 -10.77 -11.18 -8.10 -6.50 -5.34 -8.20 -9.85 -5.73 -5.09 -5.30 -6.75 -7.42
General and administrative -11.03 -6.13 -4.84 -5.00 -5.15 -5.11 -6.06 -8.63 -7.16 -9.76 -6.36 -6.67 -4.86 -7.58 -9.53 -5.99 -4.98 -5.50 -6.40 -9.87
Restructuring charges -4.90 0.00 -0.02 -0.10 -0.25 -0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.54 -0.26 -0.47 -0.37
Operating expenses -51.85% -26.13% -21.52% -21.86% -21.22% -20.87% -23.57% -26.09% -25.59% -29.30% -21.64% -20.40% -16.17% -24.21% -29.90% -17.50% -15.92% -17.22% -20.79% -26.17%
Income from operations -3.38% 21.41% 23.95% 23.09% 21.66% 21.34% 17.74% 14.01% 13.98% 10.63% 18.79% 20.34% 29.87% 29.00% 8.65% 21.75% 21.16% 18.72% 13.01% 7.12%
Interest income 6.77 3.57 2.32 1.80 1.20 0.58 0.15 0.10 0.10 0.03 0.03 0.02 0.25 0.06 0.22 0.53 0.39 0.50 0.44 0.21
Interest expense -0.75 -0.40 -0.31 -0.30 -0.31 -0.36 -0.41 -0.62 -3.07 -3.59 -3.96 -2.43 -2.23 -3.36 -4.74 -1.53 -1.10 -1.27 -1.01 -3.75
Other income (expense), net 1.40 0.34 0.00 0.06 0.66 -0.41 -0.09 -0.49 1.27 0.25 -0.20 0.19 0.19 -0.58 0.52 -0.45 0.70 -0.52 -4.09 -0.48
Loss on partial settlement of convertible notes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.03 0.00 0.00 -18.68 -1.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Change in fair value of derivatives 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -47.55 7.47 0.00 0.00 0.00 0.00
Other income (expense), net 7.42% 3.51% 2.01% 1.56% 1.55% -0.19% -0.34% -1.00% -1.73% -3.31% -4.13% -20.90% -2.93% -3.87% -51.55% 6.01% -0.01% -1.30% -4.65% -4.01%
Income (loss) before income taxes 4.04% 24.92% 25.96% 24.65% 23.21% 21.15% 17.39% 13.01% 12.25% 7.31% 14.66% -0.55% 26.94% 25.12% -42.90% 27.76% 21.15% 17.42% 8.36% 3.11%
Income tax (provision) benefit 2.87 -4.24 -3.85 -4.42 -1.99 -3.06 -2.87 -1.27 0.50 -1.11 -2.21 11.06 0.62 -3.07 5.23 5.77 34.40 -0.15 -0.44 -0.35
Net income (loss) 6.91% 20.68% 22.10% 20.23% 21.22% 18.09% 14.52% 11.74% 12.74% 6.20% 12.45% 10.50% 27.56% 22.05% -37.67% 33.54% 55.55% 17.27% 7.92% 2.76%

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Enphase Energy Inc. income from operations as a percentage of net revenues decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Enphase Energy Inc. income (loss) before income taxes as a percentage of net revenues decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Enphase Energy Inc. net income (loss) as a percentage of net revenues decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.