ENPH Enphase Energy

XNMS Down Alert

Technology

· How we analyze

About the company

Enphase Energy, based in California, develops microinverters that convert the direct current of individual solar panels into grid power. It also offers battery storage, chargers for electric cars and software for controlling the system. Customers are mainly homeowners, reached through installers. As of Oct 16, 2026

Fact sheet (from the annual report) Semiconductors (chips) · Fremont, USA

Enphase Energy is a global energy technology company founded in March 2006. It develops, manufactures and sells home energy systems that combine power generation, storage and control on one platform. Its core is microinverters that convert the power at each individual solar panel; in addition there are batteries, load controllers and chargers for electric cars. Customers are mainly solar distributors that supply installers; Enphase also supplies large installers, equipment makers and strategic partners directly. A single customer accounted for a large share of revenue in 2025, and most of the revenue came from the United States. The company has some of its products assembled and tested by contract manufacturers such as Flex, Salcomp and Sunwoda.

Automatically summarized from SEC annual report (10-K, filed Feb 17, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026

Price performance at a glance

Last 30 trading days
  • Today −2.0%
  • 7 days −7.7%
  • 30 days −8.2%
  • 1 year −19.2%
Day range (last trading day)
−1.6%Price at 19% of the range+7.0%
52-week range
−13.4%Price at 8% of the range+147.8%
Distance from the all-time high
−91.2%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Where is the price relative to the buy zone?

New buy zone

A new buy zone has just formed for this symbol (valid since Oct 27, 2026). With Watcher you see it right away – with buy zone, targets and stop; for you it becomes visible on Oct 29, 2026.

Watcher Plans and pricing

An observation, not investment advice

Rule (4-hour candles) Zone valid since Oct 27, 2026 · unchanged since then

Watcher Full history: every change of the buy zone with its date.

Automated analysis (rule-based)

How we analyze

On 4-hour candles the rule currently has no setup, and the Elliott count finds no count that follows the rules – so there is no analysis chart. The chart is recalculated every hour.

Scenarios

Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart

Weighting Main scenario and alternative: level (3 of 3 guidelines each, strong) – the simpler or clearer pattern counts as the main scenario.

Weighting by guidelines met – not a probability.

provisional count The inner sub-waves cannot be seen on this timeframe – the hard Elliott rules are met, the internal structure remains open. Provisional – check the count yourself on the chart. No visible sub-waves in: B.

Main scenario

tied strong · 3 of 3 guidelines

As long as the 4-hour close stays below the end of B, this applies: sharp countermove downward in three waves (Zigzag A-B-C), C in progress – count points to falling prices.

Invalid if the 4-hour close is above the end of B

Alternative

tied strong · 3 of 3 guidelines

If that breaks, the second reading no longer applies either: complex countermove downward (Double zigzag W-X-Y), Y in progress – then there is no valid count for now; the next candles will produce a new one.

Invalid if the 4-hour close is above the end of X

Save zone

With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in · Sign up

Fundamental analysis

Enphase Energy · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 17, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 6 of 8 met

  • met: Gross margin above 40% 46.6%
  • not met: Operating margin above 15% 10.7%
  • met: Net margin above 10% 11.7%
  • met: Return on equity above 15% 15.8%
  • not met: Free cash flow margin above 10% 6.5%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 31.0%
Gross margin

46.6% Fiscal year 2025

Rank 43 of 100: higher than 43% of 153 peers (All). medium.

Rank 34 of 100: higher than 34% of 57 peers (Sector). medium.

Median Technology: 56.1%

Share of revenue left after the direct cost of the products sold.

Operating margin

10.7% Fiscal year 2025

Rank 40 of 100: higher than 40% of 192 peers (All). medium.

Rank 46 of 100: higher than 46% of 60 peers (Sector). medium.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

11.7% Fiscal year 2025

Rank 43 of 100: higher than 43% of 237 peers (All). medium.

Rank 47 of 100: higher than 47% of 63 peers (Sector). medium.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

15.8% Fiscal year 2025

Rank 48 of 100: higher than 48% of 218 peers (All). medium.

Rank 53 of 100: higher than 53% of 61 peers (Sector). medium.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

4.9% Fiscal year 2025 (total assets at year end)

Rank 44 of 100: higher than 44% of 238 peers (All). medium.

Rank 45 of 100: higher than 45% of 63 peers (Sector). medium.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

31.0% Fiscal year 2025

Rank 44 of 100: higher than 44% of 239 peers (All). medium.

Rank 23 of 100: higher than 23% of 63 peers (Sector). weak.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

6.5% Fiscal year 2025

Rank 30 of 100: higher than 30% of 213 peers (All). weak.

Rank 35 of 100: higher than 35% of 62 peers (Sector). medium.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

95.9M USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 4 of 7 met

  • not met: Over 3 years, revenue grew by more than 5% per year −14.2%
  • met: Over 5 years, revenue grew by more than 5% per year +13.7%
  • met: Over 10 years, revenue grew by more than 5% per year +15.2%
  • not met: Over 3 years, EPS grew by more than 5% per year −22.5%
  • met: Over 5 years, EPS grew by more than 5% per year +6.3%
  • not met: Revenue rose in at least 4 of the last 5 fiscal years 3 of 5
  • met: Revenue rose in the last fiscal year +10.7%
Revenue growth 3 years

−14.2% per year

Rank 4 of 100: higher than 4% of 230 peers (All). weak.

Rank 4 of 100: higher than 4% of 59 peers (Sector). weak.

Median Technology: +14.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+13.7% per year

Rank 60 of 100: higher than 60% of 217 peers (All). medium.

Rank 40 of 100: higher than 40% of 54 peers (Sector). medium.

Median Technology: +14.5%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+15.2% per year

Rank 81 of 100: higher than 81% of 157 peers (All). strong.

Rank 61 of 100: higher than 61% of 37 peers (Sector). medium.

Median Technology: +12.4%

Average growth per year over 10 fiscal years.

EPS growth 3 years

−22.5% per year

Rank 8 of 100: higher than 8% of 157 peers (All). weak.

Rank 8 of 100: higher than 8% of 32 peers (Sector). weak.

Median Technology: +19.2%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+6.3% per year

Rank 24 of 100: higher than 24% of 146 peers (All). weak.

Rank 16 of 100: higher than 16% of 34 peers (Sector). weak.

Median Technology: +17.0%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 0 of 1 met · 6 without data

  • not met: Pays a dividend no dividend per share reported for the last fiscal year
  • no data: Payout ratio at most 60% of earnings pays no dividend
  • no data: Dividend paid in each of the last 5 fiscal years pays no dividend
  • no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
  • no data: Dividend per share higher than 5 years ago pays no dividend
  • no data: Free cash flow per share covers the dividend pays no dividend
  • no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend

Financial strength 4 of 6 met

  • not met: Piotroski F-Score at least 7 of 9 6 of 9
  • not met: Long-term debt no higher than equity 1.11
  • met: Current assets cover current liabilities 2.07
  • met: Positive equity 1.1B USD
  • met: In 5 years, share count up by at most 5% −5.0%
  • met: Free cash flow positive in the last fiscal year 95.9M USD
Piotroski F-Score

6 of 9 Fiscal year 2025

Rank 45 of 100: higher than 45% of 134 peers (All). medium.

Rank 43 of 100: higher than 43% of 44 peers (Sector). medium.

Median Technology: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

1.11 at fiscal year end

Rank 29 of 100: lower than 29% of 199 peers (All). weak.

Rank 23 of 100: lower than 23% of 54 peers (Sector). weak.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

2.07 at fiscal year end

Rank 70 of 100: higher than 70% of 215 peers (All). strong.

Rank 52 of 100: higher than 52% of 63 peers (Sector). medium.

Median Technology: 2.02

Current assets divided by current liabilities.

Change in share count

−5.0% in 5 years

Rank 62 of 100: lower than 62% of 199 peers (All). medium.

Rank 81 of 100: lower than 81% of 51 peers (Sector). strong.

Median Technology: +2.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • not met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • not met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+13.7% per year), at least as fast as the sector median.
  • Light yellow: Net income (total) grew over 5 years (+5.1% per year), more slowly than the sector median; per share +6.3% per year.
  • Light yellow: Net margin 11.7%, below the sector median (12.5%).
  • Light yellow: Debt higher than usual in the sector.
  • Light red: Profit in 7 of 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 322.6M USD · Net income −67.5M USD · Net margin −20.9%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 286.2M USD · Net income −45.2M USD · Net margin −15.8%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 316.2M USD · Net income −11.6M USD · Net margin −3.7%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 624.3M USD · Net income 161.1M USD · Net margin 25.8%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 774.4M USD · Net income 134.0M USD · Net margin 17.3%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 1.4B USD · Net income 145.4M USD · Net margin 10.5%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 2.3B USD · Net income 397.4M USD · Net margin 17.0%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 2.3B USD · Net income 438.9M USD · Net margin 19.2%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 1.3B USD · Net income 102.7M USD · Net margin 7.7%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 1.5B USD · Net income 172.1M USD · Net margin 11.7%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 1.5B USD · Net income 172.1M USD · Net margin 11.7%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 46.6 USD gross profit, 10.7 USD operating income and 11.7 USD net income remained.

Net income is above operating income (e.g. a tax benefit, gains on investments or securities).

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue1.5B USD100.0%
Gross profit687.0M USD46.6%
Cost of revenue786.0M USD53.4%
Operating income157.5M USD10.7%
Research & development189.1M USD12.8%
Other operating expenses340.4M USD23.1%
Net income172.1M USD11.7%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin fell in 5 years from 24.1% to 10.7%.

Gross marginOperating marginNet margin
  1. Fiscal year 2016: Gross margin 18.0% · Operating margin −19.4% · Net margin −20.9%
  2. Fiscal year 2017: Gross margin 19.6% · Operating margin −13.8% · Net margin −15.8%
  3. Fiscal year 2018: Gross margin 29.9% · Operating margin 0.5% · Net margin −3.7%
  4. Fiscal year 2019: Gross margin 35.4% · Operating margin 16.5% · Net margin 25.8%
  5. Fiscal year 2020: Gross margin 44.7% · Operating margin 24.1% · Net margin 17.3%
  6. Fiscal year 2021: Gross margin 40.1% · Operating margin 15.6% · Net margin 10.5%
  7. Fiscal year 2022: Gross margin 41.8% · Operating margin 19.2% · Net margin 17.0%
  8. Fiscal year 2023: Gross margin 46.2% · Operating margin 19.5% · Net margin 19.2%
  9. Fiscal year 2024: Gross margin 47.3% · Operating margin 5.8% · Net margin 7.7%
  10. Fiscal year 2025: Gross margin 46.6% · Operating margin 10.7% · Net margin 11.7%

Returns

Return on equity fell in 5 years from 27.7% to 15.8%.

Return on equityReturn on assets Return on equity hidden where equity is below 5% of total assets.
  1. Fiscal year 2016: Return on equity not available · Return on assets −41.2%
  2. Fiscal year 2017: Return on equity not available · Return on assets −26.7%
  3. Fiscal year 2018: Return on equity not available · Return on assets −3.4%
  4. Fiscal year 2019: Return on equity 59.2% · Return on assets 22.6%
  5. Fiscal year 2020: Return on equity 27.7% · Return on assets 11.2%
  6. Fiscal year 2021: Return on equity 33.8% · Return on assets 7.0%
  7. Fiscal year 2022: Return on equity 48.1% · Return on assets 12.9%
  8. Fiscal year 2023: Return on equity 44.6% · Return on assets 13.0%
  9. Fiscal year 2024: Return on equity 12.3% · Return on assets 3.2%
  10. Fiscal year 2025: Return on equity 15.8% · Return on assets 4.9%

Equity and long-term debt

The equity ratio fell in 5 years from 40.3% to 31.0%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 1.3M USD · Long-term debt 23.8M USD
  2. Fiscal year 2017: Equity −9.1M USD · Long-term debt 49.8M USD
  3. Fiscal year 2018: Equity 7.8M USD · Long-term debt 109.8M USD
  4. Fiscal year 2019: Equity 272.2M USD · Long-term debt 105.5M USD
  5. Fiscal year 2020: Equity 484.0M USD · Long-term debt 330.9M USD
  6. Fiscal year 2021: Equity 430.2M USD · Long-term debt 1.0B USD
  7. Fiscal year 2022: Equity 825.6M USD · Long-term debt 1.3B USD
  8. Fiscal year 2023: Equity 983.6M USD · Long-term debt 1.3B USD
  9. Fiscal year 2024: Equity 833.0M USD · Long-term debt 1.3B USD
  10. Fiscal year 2025: Equity 1.1B USD · Long-term debt 1.2B USD

Liquidity (current ratio)

The current ratio rose in 5 years from 1.75 to 2.07.

Current ratio
  1. Fiscal year 2016: Current ratio 1.42
  2. Fiscal year 2017: Current ratio 1.42
  3. Fiscal year 2018: Current ratio 1.51
  4. Fiscal year 2019: Current ratio 2.51
  5. Fiscal year 2020: Current ratio 1.75
  6. Fiscal year 2021: Current ratio 3.33
  7. Fiscal year 2022: Current ratio 3.55
  8. Fiscal year 2023: Current ratio 4.59
  9. Fiscal year 2024: Current ratio 3.53
  10. Fiscal year 2025: Current ratio 2.07

Cash flow

Free cash flow fell in 5 years from 195.8M USD to 95.9M USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow −33.0M USD · Capital expenditure 12.2M USD · Free cash flow −45.1M USD
  2. Fiscal year 2017: Operating cash flow −28.4M USD · Capital expenditure 4.1M USD · Free cash flow −32.6M USD
  3. Fiscal year 2018: Operating cash flow 16.1M USD · Capital expenditure 4.2M USD · Free cash flow 12.0M USD
  4. Fiscal year 2019: Operating cash flow 139.1M USD · Capital expenditure 14.8M USD · Free cash flow 124.3M USD
  5. Fiscal year 2020: Operating cash flow 216.3M USD · Capital expenditure 20.6M USD · Free cash flow 195.8M USD
  6. Fiscal year 2021: Operating cash flow 352.0M USD · Capital expenditure 52.3M USD · Free cash flow 299.8M USD
  7. Fiscal year 2022: Operating cash flow 744.8M USD · Capital expenditure 46.4M USD · Free cash flow 698.4M USD
  8. Fiscal year 2023: Operating cash flow 696.8M USD · Capital expenditure 110.4M USD · Free cash flow 586.4M USD
  9. Fiscal year 2024: Operating cash flow 513.7M USD · Capital expenditure 33.6M USD · Free cash flow 480.1M USD
  10. Fiscal year 2025: Operating cash flow 136.5M USD · Capital expenditure 40.6M USD · Free cash flow 95.9M USD

Share count

The share count fell in 5 years by 5.0% (mostly through share repurchases).

Diluted share count
  1. Fiscal year 2016: Diluted share count not available
  2. Fiscal year 2017: Diluted share count 82.9M
  3. Fiscal year 2018: Diluted share count 99.6M
  4. Fiscal year 2019: Diluted share count 131.6M
  5. Fiscal year 2020: Diluted share count 141.9M
  6. Fiscal year 2021: Diluted share count 142.9M
  7. Fiscal year 2022: Diluted share count 144.4M
  8. Fiscal year 2023: Diluted share count 143.3M
  9. Fiscal year 2024: Diluted share count 140.0M
  10. Fiscal year 2025: Diluted share count 134.9M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
none pays no dividend
To shareholders (5 years)
1.4B USD 100% through repurchases
Share count over 5 years
−5.0% fewer shares – each share is a larger stake

What goes back to shareholders

Over 5 years, 1.4B USD went back to shareholders, 100% of it through share repurchases. That is 66% of the free cash flow of those years.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 16.1M USD · Free cash flow −45.1M USD
  2. Fiscal year 2017: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 26.4M USD · Free cash flow −32.6M USD
  3. Fiscal year 2018: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 19.8M USD · Free cash flow 12.0M USD
  4. Fiscal year 2019: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) 0.0 USD · Free cash flow 124.3M USD
  5. Fiscal year 2020: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) 0.0 USD · Free cash flow 195.8M USD
  6. Fiscal year 2021: Dividends paid not available · Share repurchases 500.0M USD · New shares issued (including employee plans) not available · Free cash flow 299.8M USD
  7. Fiscal year 2022: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 698.4M USD
  8. Fiscal year 2023: Dividends paid not available · Share repurchases 410.0M USD · New shares issued (including employee plans) not available · Free cash flow 586.4M USD
  9. Fiscal year 2024: Dividends paid not available · Share repurchases 391.4M USD · New shares issued (including employee plans) not available · Free cash flow 480.1M USD
  10. Fiscal year 2025: Dividends paid not available · Share repurchases 130.0M USD · New shares issued (including employee plans) not available · Free cash flow 95.9M USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Enphase Energy next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison ENPH, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
DDOG Datadog 3.4B USD +41.5%80.0%−1.3%3.1%2.9%56.2%29.2%5/9
LITE Lumentum 3.0B USD +11.6%41.7%17.4%−230.1%−149.3%63.5%10.0%5/9
NET Cloudflare 2.2B USD +38.1%74.5%−9.6%−4.7%−7.0%24.2%13.3%4/9
ENPH Enphase Energy this stock 1.5B USD +13.7%46.6%10.7%11.7%15.8%31.0%6.5%6/9
CRDO Credo Technology Group 1.3B USD +86.8%68.0%33.3%35.4%22.9%89.9%30.5%–
MARA MARA Holdings 907.1M USD +190.9%–−135.0%−144.6%−37.8%47.6%−133.4%–
TE T1 Energy 755.3M USD –7.4%−31.1%−48.7%−146.9%18.2%2.2%6/9
IREN IREN 707.0M USD +145.7%68.9%−148.0%−99.4%−16.8%26.5%−127.0%3/9
RIOT Riot Platforms 647.4M USD +121.7%–−96.1%−102.4%−23.2%72.6%−119.6%–
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+13.7% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 13.7% per year on average – at least as fast as the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light yellow: below sector

+5.1% per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: +6.3% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 5.1% per year on average, but more slowly than the median company in the sector (+13.3%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

11.7% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 11.69 USD remained as profit – less than the median company in the sector (12.5%). Five years ago the margin was 17.3%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light yellow: higher than sector

0.46 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 0.46 USD of financial debt – more than the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 3 loss years

7 of 10 fiscal years with a profit

What does this mean? In 7 of the last 10 fiscal years the bottom line showed a profit. 3 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
1.5B USD
Revenue vs. prior year
+10.7%
Net income (FY)
172.1M USD
Net income vs. prior year
+67.7%
EPS (FY)
1.29 USD
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 17, 2026 · Balance sheet Sep 30, 2026 (filed Oct 27, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 1.5B172.1M 11.7% 1.29 – –
2024Dec 31, 2024 1.3B102.7M 7.7% 0.75 – –
2023Dec 31, 2023 2.3B438.9M 19.2% 3.08 – –
2022Dec 31, 2022 2.3B397.4M 17.0% 2.77 – –
2021Dec 31, 2021 1.4B145.4M 10.5% 1.02 – –
2020Dec 31, 2020 774.4M134.0M 17.3% 0.95 – –
2019Dec 31, 2019 624.3M161.1M 25.8% 1.23 – –
2018Dec 31, 2018 316.2M−11.6M −3.7% −0.12 – –
2017Dec 31, 2017 286.2M−45.2M −15.8% −0.54 – –
2016Dec 31, 2016 322.6M−67.5M −20.9% – – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Sep 30, 2026 293.3M23.4M 8.0% 0.17 – –
Q2/26Jun 30, 2026 291.9M36.1M 12.4% 0.27 – –
Q1/26Mar 31, 2026 282.9M−7.4M −2.6% −0.06 – –
Q4/25*Dec 31, 2025 343.3M38.7M 11.3% – – –
Q3/25Sep 30, 2025 410.4M66.6M 16.2% 0.50 – –
Q2/25Jun 30, 2025 363.2M37.1M 10.2% 0.28 – –
Q1/25Mar 31, 2025 356.1M29.7M 8.3% 0.22 – –
Q4/24*Dec 31, 2024 382.7M62.2M 16.2% – – –
Q3/24Sep 30, 2024 380.9M45.8M 12.0% 0.33 – –
Q2/24Jun 30, 2024 303.5M10.8M 3.6% 0.08 – –
Q1/24Mar 31, 2024 263.3M−16.1M −6.1% −0.12 – –
Q4/23*Dec 31, 2023 302.6M20.9M 6.9% – – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $134.1K1 person −$134.1K
6 months $391.4K2 people $211.5K1 person +$179.9K
12 months $1.1M2 people $10.8M3 people −$9.7M

Latest transactions

  • Aug 14, 2026 Mora Richard Director Open-market sale 1,500 shares · $60.5K · SEC
  • Jul 30, 2026 Mora Richard Director Open-market sale 2,000 shares · $73.5K · SEC
  • Jun 12, 2026 Trivedi Shanker Director Open-market purchase 1,000 shares · $53.9K · SEC
  • Jun 1, 2026 Mora Richard Director Open-market sale 700 shares · $44.9K · SEC
  • May 26, 2026 Kothandaraman Badrinarayanan Chief executive (CEO), Director Open-market purchase 600 shares · $41.0K · SEC
  • May 26, 2026 Kothandaraman Badrinarayanan Chief executive (CEO), Director Open-market purchase 4,400 shares · $296.4K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -100

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows-20
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)30.0
Rel. strength 60 d−25.1%

ATR and moving averages as price values only when logged in.

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