Enphase Energy, Inc. — Cash Flow Charts
12 quarters of history · ending 2026-03-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+112.5% +$54M
$103M
Free Cash Flow↑+145.4% +$49M
$83M
Investing Cash Flow↑+409.8% +$463M
$576M
Financing Cash Flow↓-204.0% -$437M
$-651M
Capex↑+36.2% +$5M
$20M
Acquisitions
$0
Stock Buybacks↓-100.0% -$100M
$0
Stock-Based Comp↓-11.9% -$7M
$49M
Debt Issued
—
Debt Repaid↓-100.0% -$102M
$0
D&A↑+4.5% +$900K
$21M
SBC Allocated Expense↓-11.9% -$7M
$49M
SBC Unrecognized Cost↓-19.5% -$73M
$303M