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Side-by-side financial comparison of Enphase Energy (ENPH) and LendingClub Corp (LC). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $252.3M, roughly 1.1× LendingClub Corp). LendingClub Corp runs the higher net margin — 20.5% vs -2.6%, a 23.1% gap on every dollar of revenue. On growth, LendingClub Corp posted the faster year-over-year revenue change (15.9% vs -20.6%). Over the past eight quarters, LendingClub Corp's revenue compounded faster (16.1% 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.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
ENPH vs LC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $252.3M |
| Net Profit | $-7.4M | $51.6M |
| Gross Margin | 35.5% | — |
| Operating Margin | 54.0% | — |
| Net Margin | -2.6% | 20.5% |
| Revenue YoY | -20.6% | 15.9% |
| Net Profit YoY | -124.9% | 341.0% |
| EPS (diluted) | $-0.06 | $0.44 |
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.
| Q1 26 | $282.9M | $252.3M | ||
| Q4 25 | $343.3M | $266.5M | ||
| Q3 25 | $410.4M | $266.2M | ||
| Q2 25 | $363.2M | $248.4M | ||
| Q1 25 | $356.1M | $217.7M | ||
| Q4 24 | $382.7M | $217.2M | ||
| Q3 24 | $380.9M | $201.9M | ||
| Q2 24 | $303.5M | $187.2M |
| Q1 26 | $-7.4M | $51.6M | ||
| Q4 25 | $38.7M | — | ||
| Q3 25 | $66.6M | $44.3M | ||
| Q2 25 | $37.1M | $38.2M | ||
| Q1 25 | $29.7M | $11.7M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $45.8M | $14.5M | ||
| Q2 24 | $10.8M | $14.9M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 46.9% | — | ||
| Q1 25 | 47.2% | — | ||
| Q4 24 | 51.8% | — | ||
| Q3 24 | 46.8% | — | ||
| Q2 24 | 45.2% | — |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 18.8% | ||
| Q3 25 | 16.1% | 21.5% | ||
| Q2 25 | 10.2% | 21.7% | ||
| Q1 25 | 9.0% | 7.2% | ||
| Q4 24 | 14.3% | 5.1% | ||
| Q3 24 | 13.1% | 8.9% | ||
| Q2 24 | 0.6% | 10.4% |
| Q1 26 | -2.6% | 20.5% | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.2% | 16.6% | ||
| Q2 25 | 10.2% | 15.4% | ||
| Q1 25 | 8.3% | 5.4% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 12.0% | 7.2% | ||
| Q2 24 | 3.6% | 8.0% |
| Q1 26 | $-0.06 | $0.44 | ||
| Q4 25 | $0.29 | $0.36 | ||
| Q3 25 | $0.50 | $0.37 | ||
| Q2 25 | $0.28 | $0.33 | ||
| Q1 25 | $0.22 | $0.10 | ||
| Q4 24 | $0.46 | $0.08 | ||
| Q3 24 | $0.33 | $0.13 | ||
| Q2 24 | $0.08 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $497.5M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.5B |
| Total Assets | $2.7B | $11.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $0 | ||
| Q3 25 | $1.2B | $0 | ||
| Q2 25 | $1.2B | $0 | ||
| Q1 25 | $1.2B | $0 | ||
| Q4 24 | $1.3B | $0 | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $1.1B | $1.5B | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $995.0M | $1.5B | ||
| Q2 25 | $880.6M | $1.4B | ||
| Q1 25 | $810.7M | $1.4B | ||
| Q4 24 | $833.0M | $1.3B | ||
| Q3 24 | $931.4M | $1.3B | ||
| Q2 24 | $884.5M | $1.3B |
| Q1 26 | $2.7B | $11.9B | ||
| Q4 25 | $3.5B | $11.6B | ||
| Q3 25 | $3.3B | $11.1B | ||
| Q2 25 | $3.2B | $10.8B | ||
| Q1 25 | $3.1B | $10.5B | ||
| Q4 24 | $3.2B | $10.6B | ||
| Q3 24 | $3.3B | $11.0B | ||
| Q2 24 | $3.2B | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.00× | ||
| Q3 25 | 1.21× | 0.00× | ||
| Q2 25 | 1.37× | 0.00× | ||
| Q1 25 | 1.48× | 0.00× | ||
| Q4 24 | 1.56× | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.9M | — |
| Free Cash FlowOCF − Capex | $83.0M | — |
| FCF MarginFCF / Revenue | 29.3% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $-2.7B | ||
| Q3 25 | $13.9M | $-770.8M | ||
| Q2 25 | $26.6M | $-713.1M | ||
| Q1 25 | $48.4M | $-339.3M | ||
| Q4 24 | $167.3M | $-2.6B | ||
| Q3 24 | $170.1M | $-669.8M | ||
| Q2 24 | $127.1M | $-932.5M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $-2.9B | ||
| Q3 25 | $5.9M | $-791.8M | ||
| Q2 25 | $18.4M | $-803.8M | ||
| Q1 25 | $33.8M | $-352.3M | ||
| Q4 24 | $159.2M | $-2.7B | ||
| Q3 24 | $161.6M | $-682.3M | ||
| Q2 24 | $117.4M | $-945.3M |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | -1076.0% | ||
| Q3 25 | 1.4% | -297.4% | ||
| Q2 25 | 5.1% | -323.5% | ||
| Q1 25 | 9.5% | -161.8% | ||
| Q4 24 | 41.6% | -1237.8% | ||
| Q3 24 | 42.4% | -338.0% | ||
| Q2 24 | 38.7% | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 52.7% | ||
| Q3 25 | 2.0% | 7.9% | ||
| Q2 25 | 2.3% | 36.5% | ||
| Q1 25 | 4.1% | 6.0% | ||
| Q4 24 | 2.1% | 25.0% | ||
| Q3 24 | 2.2% | 6.2% | ||
| Q2 24 | 3.2% | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | -17.41× | ||
| Q2 25 | 0.72× | -18.68× | ||
| Q1 25 | 1.63× | -29.07× | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | -46.33× | ||
| Q2 24 | 11.73× | -62.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
