Enphase Energy, Inc. (ENPH) › Cost of RevenueEnphase Energy, Inc. (ENPH) — Cost of RevenueAnnual figures by fiscal year, from SEC filings.2010: $55.16M2011: $120.45M2012: $161.39M2013: $165.43M2014: $230.86M2015: $249.03M2016: $264.58M2017: $230.12M2018: $221.71M2019: $403.09M2020: $428.44M2021: $827.63M2022: $1.36B2023: $1.23B2024: $701.25M2025: $785.98M$785.98M2010Cost of Revenue (USD)2025Fiscal YearCost of RevenueChange YoY2025$785.98M+12.1%2024$701.25M-43.1%2023$1.23B-9.1%2022$1.36B+63.9%2021$827.63M+93.2%2020$428.44M+6.3%2019$403.09M+81.8%2018$221.71M-3.7%2017$230.12M-13.0%2016$264.58M+6.2%2015$249.03M+7.9%2014$230.86M+39.6%2013$165.43M+2.5%2012$161.39M+34.0%2011$120.45M+118.4%2010$55.16M—Other metrics: RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesShareholders' EquityCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share