Investor Presentaiton
Enphase financials - Non-GAAP
P&L Non-GAAP
($ in MUSD)
Q1'22
ACT
Q2'22
Q3'22
Q4'22
FY'22
Q1'23
Q2'23
Q3'23
Q4'23
FY'23
Q1'24
ACT
ACT
ACT
ACT
ACT
ACT
ACT
ACT
ACT
ACT
Revenues
$441.3
$530.2
$634.7
$724.7 $2,330.9
$726.0
$711.1
$551.1 $302.6 $2,290.8 $263.3
Cost of revenues
(260.5) (306.6) (362.2)
(407.6) (1,336.9)
(394.1)
(382.5) (284.5) (150.5) (1,211.5)
(141.7)
Gross profit
180.8
223.6
272.5
317.1
994.0
331.9
328.6
266.6
152.1 1,079.3
121.6
Gross margin %
41.0%
42.2%
42.9%
43.8%
42.6%
45.7%
46.2%
48.4%
50.3%
47.1%
46.2%
Operating expenses
(66.3)
(71.2)
% of Revenue
15%
13%
(78.6)
12%
(87.7)
12%
(303.7)
13%
(98.3)
14%
(98.1)
(99.0)
(86.5)
(382.1)
(82.6)
14%
18%
29%
17%
31%
Operating income
114.5
152.4
193.9
% of Revenue
26%
29%
31%
229.4
32%
690.3
30%
233.6
32%
230.5
167.6
65.6
697.2
39.0
32%
30%
22%
30%
15%
Free cash flows
90.1
192.0
179.1
237.3
698.4
223.8
225.2
122.0
15.4
586.4
41.8
Cash, cash equivalents and
marketable securities
1,063.5
1,247.8
1,417.3
1,612.8
1,612.8
1,778.4
1,800.5
1,783.9
1,695.0
1,695.0
1,629.6
→ ENPHASE
© 2024 Enphase Energy, Inc.
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