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Side-by-side financial comparison of Enphase Energy (ENPH) and Fiverr International Ltd. (FVRR). Click either name above to swap in a different company.

Fiverr International Ltd. is the larger business by last-quarter revenue ($287.8M vs $282.9M, roughly 1.0× Enphase Energy). Fiverr International Ltd. runs the higher net margin — 1.9% vs -2.6%, a 4.5% gap on every dollar of revenue. Enphase Energy produced more free cash flow last quarter ($83.0M vs $52.1M). Over the past eight quarters, Fiverr International Ltd.'s revenue compounded faster (29.5% CAGR vs -3.4%).

Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export.

Fiverr International Ltd. operates a global online freelance services marketplace connecting businesses and independent creators across over 160 countries. It offers services covering digital marketing, graphic design, programming, writing, video editing, and other professional fields, catering to SMEs, startups, and enterprise clients needing flexible on-demand talent solutions.

ENPH vs FVRR — Head-to-Head

Bigger by revenue
FVRR
FVRR
1.0× larger
FVRR
$287.8M
$282.9M
ENPH
Higher net margin
FVRR
FVRR
4.5% more per $
FVRR
1.9%
-2.6%
ENPH
More free cash flow
ENPH
ENPH
$30.9M more FCF
ENPH
$83.0M
$52.1M
FVRR
Faster 2-yr revenue CAGR
FVRR
FVRR
Annualised
FVRR
29.5%
-3.4%
ENPH

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ENPH
ENPH
FVRR
FVRR
Revenue
$282.9M
$287.8M
Net Profit
$-7.4M
$5.4M
Gross Margin
35.5%
82.5%
Operating Margin
54.0%
-3.5%
Net Margin
-2.6%
1.9%
Revenue YoY
-20.6%
Net Profit YoY
-124.9%
EPS (diluted)
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ENPH
ENPH
FVRR
FVRR
Q1 26
$282.9M
Q4 25
$343.3M
Q3 25
$410.4M
$287.8M
Q2 25
$363.2M
$188.2M
Q1 25
$356.1M
$93.5M
Q4 24
$382.7M
Q3 24
$380.9M
$269.9M
Q2 24
$303.5M
$177.3M
Net Profit
ENPH
ENPH
FVRR
FVRR
Q1 26
$-7.4M
Q4 25
$38.7M
Q3 25
$66.6M
$5.4M
Q2 25
$37.1M
$4.1M
Q1 25
$29.7M
$788.0K
Q4 24
$62.2M
Q3 24
$45.8M
$-1.0M
Q2 24
$10.8M
$-4.0M
Gross Margin
ENPH
ENPH
FVRR
FVRR
Q1 26
35.5%
Q4 25
44.3%
Q3 25
47.8%
82.5%
Q2 25
46.9%
83.3%
Q1 25
47.2%
83.5%
Q4 24
51.8%
Q3 24
46.8%
82.8%
Q2 24
45.2%
82.4%
Operating Margin
ENPH
ENPH
FVRR
FVRR
Q1 26
54.0%
Q4 25
6.5%
Q3 25
16.1%
-3.5%
Q2 25
10.2%
-3.4%
Q1 25
9.0%
-4.4%
Q4 24
14.3%
Q3 24
13.1%
-5.0%
Q2 24
0.6%
-6.3%
Net Margin
ENPH
ENPH
FVRR
FVRR
Q1 26
-2.6%
Q4 25
11.3%
Q3 25
16.2%
1.9%
Q2 25
10.2%
2.2%
Q1 25
8.3%
0.8%
Q4 24
16.2%
Q3 24
12.0%
-0.4%
Q2 24
3.6%
-2.3%
EPS (diluted)
ENPH
ENPH
FVRR
FVRR
Q1 26
$-0.06
Q4 25
$0.29
Q3 25
$0.50
Q2 25
$0.28
Q1 25
$0.22
Q4 24
$0.46
Q3 24
$0.33
Q2 24
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ENPH
ENPH
FVRR
FVRR
Cash + ST InvestmentsLiquidity on hand
$497.5M
$133.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$362.6M
Total Assets
$2.7B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENPH
ENPH
FVRR
FVRR
Q1 26
$497.5M
Q4 25
$1.5B
Q3 25
$1.5B
$133.5M
Q2 25
$1.5B
$578.4M
Q1 25
$1.5B
$133.5M
Q4 24
$1.6B
Q3 24
$1.8B
$183.7M
Q2 24
$1.6B
$183.7M
Total Debt
ENPH
ENPH
FVRR
FVRR
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Stockholders' Equity
ENPH
ENPH
FVRR
FVRR
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$995.0M
$362.6M
Q2 25
$880.6M
$404.9M
Q1 25
$810.7M
$362.6M
Q4 24
$833.0M
Q3 24
$931.4M
$355.8M
Q2 24
$884.5M
$355.8M
Total Assets
ENPH
ENPH
FVRR
FVRR
Q1 26
$2.7B
Q4 25
$3.5B
Q3 25
$3.3B
$1.1B
Q2 25
$3.2B
$1.1B
Q1 25
$3.1B
$1.1B
Q4 24
$3.2B
Q3 24
$3.3B
$1.0B
Q2 24
$3.2B
$1.0B
Debt / Equity
ENPH
ENPH
FVRR
FVRR
Q1 26
Q4 25
1.11×
Q3 25
1.21×
Q2 25
1.37×
Q1 25
1.48×
Q4 24
1.56×
Q3 24
1.40×
Q2 24
1.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ENPH
ENPH
FVRR
FVRR
Operating Cash FlowLast quarter
$102.9M
$53.0M
Free Cash FlowOCF − Capex
$83.0M
$52.1M
FCF MarginFCF / Revenue
29.3%
18.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
9.81×
TTM Free Cash FlowTrailing 4 quarters
$145.1M
$124.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENPH
ENPH
FVRR
FVRR
Q1 26
$102.9M
Q4 25
$47.6M
Q3 25
$13.9M
$53.0M
Q2 25
$26.6M
$42.2M
Q1 25
$48.4M
$21.2M
Q4 24
$167.3M
Q3 24
$170.1M
$10.9M
Q2 24
$127.1M
$32.2M
Free Cash Flow
ENPH
ENPH
FVRR
FVRR
Q1 26
$83.0M
Q4 25
$37.8M
Q3 25
$5.9M
$52.1M
Q2 25
$18.4M
$41.5M
Q1 25
$33.8M
$20.8M
Q4 24
$159.2M
Q3 24
$161.6M
$10.6M
Q2 24
$117.4M
$31.5M
FCF Margin
ENPH
ENPH
FVRR
FVRR
Q1 26
29.3%
Q4 25
11.0%
Q3 25
1.4%
18.1%
Q2 25
5.1%
22.0%
Q1 25
9.5%
22.3%
Q4 24
41.6%
Q3 24
42.4%
3.9%
Q2 24
38.7%
17.8%
Capex Intensity
ENPH
ENPH
FVRR
FVRR
Q1 26
Q4 25
2.8%
Q3 25
2.0%
0.3%
Q2 25
2.3%
0.4%
Q1 25
4.1%
0.4%
Q4 24
2.1%
Q3 24
2.2%
0.1%
Q2 24
3.2%
0.4%
Cash Conversion
ENPH
ENPH
FVRR
FVRR
Q1 26
Q4 25
1.23×
Q3 25
0.21×
9.81×
Q2 25
0.72×
10.40×
Q1 25
1.63×
26.90×
Q4 24
2.69×
Q3 24
3.72×
Q2 24
11.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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