Enphase Energy, Inc.ENPHNASDAQ
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Operating Expenses Over TimeStrong
Percentile Rank79
3Y CAGR-0.3%
5Y CAGR+26.8%
Studio
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
-0.3%/yr
vs +54.3%/yr prior
5Y CAGR
+26.8%/yr
Recent deceleration
Acceleration
-54.6pp
Decelerating
Percentile
P79
Within normal range
vs 5Y Ago
3.3x
Strong expansion
Streak
2 yr
Consecutive declineStrong
PeriodValueYoY Change
2025$522.35M-5.3%
2024$551.85M-9.9%
2023$612.65M+16.4%
2022$526.33M+55.4%
2021$338.59M+112.2%
2020$159.54M+34.6%
2019$118.52M+27.6%
2018$92.85M-2.7%
2017$95.42M-20.9%
2016$120.71M-