Enphase (ENPH) operating expenses was $522M in FY2025 (-3% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Operating Expenses
Fiscal Year
Operating Expenses
YoY
2025
$522M
-3%
2024
$539M
-10%
2023
$597M
+14%
2022
$524M
+55%
2021
$339M
+112%
2020
$160M
+38%
2019
$116M
+31%
2018
$89M
+13%
2017
$79M
-33%
2016
$117M
Recent Quarterly Operating Expenses
Quarter
Operating Expenses
Q1 2026
$130M
Q4 2025
$122M
Q3 2025
$130M
Q2 2025
$133M
Q1 2025
$136M
Q4 2024
$134M
Q3 2024
$128M
Q2 2024
$134M
Q1 2024
$145M
Q4 2023
$142M
Q3 2023
$144M
Q2 2023
$153M
Source: ENPH on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.