vs
Side-by-side financial comparison of Enphase Energy (ENPH) and Lovesac Co (LOVE). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $150.2M, roughly 1.9× Lovesac Co). Enphase Energy runs the higher net margin — -2.6% vs -7.0%, a 4.4% gap on every dollar of revenue. On growth, Lovesac Co posted the faster year-over-year revenue change (0.2% vs -20.6%). Over the past eight quarters, Enphase Energy's revenue compounded faster (-3.4% CAGR vs -22.6%).
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.
The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.
ENPH vs LOVE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $150.2M |
| Net Profit | $-7.4M | $-10.6M |
| Gross Margin | 35.5% | 56.1% |
| Operating Margin | 54.0% | -10.5% |
| Net Margin | -2.6% | -7.0% |
| Revenue YoY | -20.6% | 0.2% |
| Net Profit YoY | -124.9% | -114.0% |
| EPS (diluted) | $-0.06 | $-0.72 |
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 | — | ||
| Q4 25 | $343.3M | $150.2M | ||
| Q3 25 | $410.4M | $160.5M | ||
| Q2 25 | $363.2M | $138.4M | ||
| Q1 25 | $356.1M | $241.5M | ||
| Q4 24 | $382.7M | $149.9M | ||
| Q3 24 | $380.9M | $156.6M | ||
| Q2 24 | $303.5M | $132.6M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $-10.6M | ||
| Q3 25 | $66.6M | $-6.7M | ||
| Q2 25 | $37.1M | $-10.8M | ||
| Q1 25 | $29.7M | $35.3M | ||
| Q4 24 | $62.2M | $-4.9M | ||
| Q3 24 | $45.8M | $-5.9M | ||
| Q2 24 | $10.8M | $-13.0M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 56.1% | ||
| Q3 25 | 47.8% | 56.4% | ||
| Q2 25 | 46.9% | 53.7% | ||
| Q1 25 | 47.2% | 60.4% | ||
| Q4 24 | 51.8% | 58.5% | ||
| Q3 24 | 46.8% | 59.0% | ||
| Q2 24 | 45.2% | 54.3% |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | -10.5% | ||
| Q3 25 | 16.1% | -5.5% | ||
| Q2 25 | 10.2% | -10.8% | ||
| Q1 25 | 9.0% | 19.7% | ||
| Q4 24 | 14.3% | -5.2% | ||
| Q3 24 | 13.1% | -5.3% | ||
| Q2 24 | 0.6% | -13.5% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | -7.0% | ||
| Q3 25 | 16.2% | -4.1% | ||
| Q2 25 | 10.2% | -7.8% | ||
| Q1 25 | 8.3% | 14.6% | ||
| Q4 24 | 16.2% | -3.3% | ||
| Q3 24 | 12.0% | -3.7% | ||
| Q2 24 | 3.6% | -9.8% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $-0.72 | ||
| Q3 25 | $0.50 | $-0.45 | ||
| Q2 25 | $0.28 | $-0.73 | ||
| Q1 25 | $0.22 | $2.22 | ||
| Q4 24 | $0.46 | $-0.32 | ||
| Q3 24 | $0.33 | $-0.38 | ||
| Q2 24 | $0.08 | $-0.83 |
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 | $23.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $189.3M |
| Total Assets | $2.7B | $495.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $23.7M | ||
| Q3 25 | $1.5B | $34.2M | ||
| Q2 25 | $1.5B | $26.9M | ||
| Q1 25 | $1.5B | $83.7M | ||
| Q4 24 | $1.6B | $61.7M | ||
| Q3 24 | $1.8B | $72.1M | ||
| Q2 24 | $1.6B | $72.4M |
| 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 | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $189.3M | ||
| Q3 25 | $995.0M | $197.5M | ||
| Q2 25 | $880.6M | $201.2M | ||
| Q1 25 | $810.7M | $216.4M | ||
| Q4 24 | $833.0M | $196.5M | ||
| Q3 24 | $931.4M | $202.1M | ||
| Q2 24 | $884.5M | $205.3M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $495.5M | ||
| Q3 25 | $3.3B | $493.7M | ||
| Q2 25 | $3.2B | $483.7M | ||
| Q1 25 | $3.1B | $532.3M | ||
| Q4 24 | $3.2B | $499.7M | ||
| Q3 24 | $3.3B | $481.1M | ||
| Q2 24 | $3.2B | $477.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.9M | $-4.9M |
| Free Cash FlowOCF − Capex | — | $-10.2M |
| FCF MarginFCF / Revenue | — | -6.8% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $-4.9M | ||
| Q3 25 | $13.9M | $12.2M | ||
| Q2 25 | $26.6M | $-41.4M | ||
| Q1 25 | $48.4M | $44.0M | ||
| Q4 24 | $167.3M | $-4.2M | ||
| Q3 24 | $170.1M | $6.2M | ||
| Q2 24 | $127.1M | $-7.0M |
| Q1 26 | — | — | ||
| Q4 25 | $37.8M | $-10.2M | ||
| Q3 25 | $5.9M | $7.8M | ||
| Q2 25 | $18.4M | $-50.0M | ||
| Q1 25 | $33.8M | $38.7M | ||
| Q4 24 | $159.2M | $-6.6M | ||
| Q3 24 | $161.6M | $119.0K | ||
| Q2 24 | $117.4M | $-14.3M |
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | -6.8% | ||
| Q3 25 | 1.4% | 4.9% | ||
| Q2 25 | 5.1% | -36.1% | ||
| Q1 25 | 9.5% | 16.0% | ||
| Q4 24 | 41.6% | -4.4% | ||
| Q3 24 | 42.4% | 0.1% | ||
| Q2 24 | 38.7% | -10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 3.5% | ||
| Q3 25 | 2.0% | 2.7% | ||
| Q2 25 | 2.3% | 6.2% | ||
| Q1 25 | 4.1% | 2.2% | ||
| Q4 24 | 2.1% | 1.6% | ||
| Q3 24 | 2.2% | 3.9% | ||
| Q2 24 | 3.2% | 5.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | 1.25× | ||
| 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.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
