Enphase Energy Inc. (ENPH) Revenue-to-Profit Sankey Flow & SEC XBRL Financials
Enphase Energy Inc. (ENPH) receives a Roarable Rating of D+ (Sell) and flashes a Red SELL / AVOID warning (60/100 RQD Confidence). Our SEC filing scanner spotted paper earnings outpacing real operating cash flow (+141.1% (NI vs OCF)) while unpaid customer invoices grew—a classic sign to step aside until cash flow catches up.
How ENPH Turns Every Dollar of Sales Into Real Bottom-Line Profit
Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory
| Fiscal Year | Revenue | Gross Margin | Op Margin | Net Profit | Free Cash Flow | ROIC % |
|---|---|---|---|---|---|---|
| FY 2025 | $1.47B | 46.6% | 10.7% | $172.1M | $95.9M | 10.5% |
| FY 2024 | $1.33B | 47.3% | 5.8% | $102.7M | $480.1M | 3.7% |
| FY 2023 | $2.29B | 44% | 19.5% | $438.9M | $593.7M | 21.2% |
Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring ENPH)
- ✓Live walkthrough of ENPH's RQD Radar, SEC cash-conversion gap & downside levels
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ENPH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +10.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on ENPH today. View full Setup Ledger →
ENPH Investor FAQ & Complete 8-Part Research Index
100% OPEN ACCESS • SEC EDGAR × CBOE × FREDHow profitable is Enphase Energy Inc. (ENPH)?
In FY 2025 (10-K), ENPH converted $1.5B of revenue into a 46.6% gross margin, 10.7% operating margin, and $95.9M in free cash flow (6.5% FCF margin).