NASDAQ : SEDG
SolarEdge Technologies, Inc. — Financial statements
Technology · Solar · Israel
Last price 30.05 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.85B
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Financial statements
SolarEdge Technologies, Inc. (SEDG) reported revenue of 1.33B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.33B | 1.18B | 901.46M | 2.98B | 3.11B | 1.96B |
| Cost of Revenue | 1.05B | 1.00B | 1.74B | 2.21B | 2.27B | 1.33B |
| Gross Profit | 283.15M | 182.66M | -836.96M | 763.62M | 844.65M | 629.32M |
| Selling, General & Admin | 220.82M | 215.50M | 292.14M | 310.43M | 272.18M | 201.20M |
| Research & Development | 207.32M | 219.79M | 272.87M | 321.48M | 289.81M | 219.63M |
| Other Operating Expenses | 2.09M | -2.58M | 6.20M | -17.00K | -2.60M | -859.00K |
| Operating Expenses | 430.22M | 432.71M | 571.21M | 631.90M | 559.39M | 419.97M |
| Operating Income | -147.07M | -250.05M | -1.41B | 131.73M | 285.26M | 209.35M |
| Interest Expense | -26.22M | -26.22M | -19.89M | -13.97M | -11.48M | -9.28M |
| Interest & Investment Income | 15.05M | 16.44M | 34.32M | 33.16M | 13.48M | 3.76M |
| Earnings From Equity Investments | -385.00K | -960.00K | -1.90M | -350.00K | ||
| Currency Exchange Gain (Loss) | -22.23M | -7.46M | -13.51M | 24.18M | -1.55M | -22.49M |
| Other Non Operating Income (Expenses) | 153.00K | 4.17M | -17.33M | -1.76M | 11.02M | 8.00M |
| EBT Excluding Unusual Items | -180.71M | -264.08M | -1.43B | 172.98M | 296.73M | 189.33M |
| Merger & Restructuring Charges | 12.43M | 12.43M | -49.15M | -60.19M | ||
| Impairment of Goodwill | -2.25M | -90.10M | ||||
| Gain (Loss) on Sale of Investments | -17.59M | -17.59M | 932.00K | -714.00K | -434.00K | 99.00K |
| Gain (Loss) on Sale of Assets | -81.31M | -73.84M | -1.52M | -541.00K | ||
| Asset Writedown | -10.79M | -49.13M | -247.19M | -30.79M | -29.04M | -2.21M |
| Other Unusual Items | 13.28M | 146.00K | 15.46M | |||
| Pretax Income | -264.69M | -392.07M | -1.71B | 80.75M | 177.16M | 187.22M |
| Income Tax Expense | 5.61M | 13.38M | 96.15M | 46.42M | 83.38M | 18.05M |
| Earnings From Continuing Operations | -270.30M | -405.45M | -1.81B | 34.33M | 93.78M | 169.17M |
| Net Income | -270.30M | -405.45M | -1.81B | 34.33M | 93.78M | 169.17M |
| Net Income to Common | -270.30M | -405.45M | -1.81B | 34.33M | 93.78M | 169.17M |
| Shares Outstanding (Basic) | 60.36M | 58.95M | 57.08M | 56.56M | 55.09M | 52.20M |
| Shares Outstanding (Diluted) | 60.36M | 58.95M | 57.08M | 57.24M | 58.10M | 55.97M |
| EPS (Basic) | -4.48 | -6.88 | -31.64 | 0.61 | 1.70 | 3.24 |
| EPS (Diluted) | -4.48 | -6.88 | -31.64 | 0.60 | 1.65 | 3.06 |
| Free Cash Flow | 90.00M | 80.79M | -421.48M | -350.64M | -138.06M | 64.88M |
| Free Cash Flow Per Share | 1.49 | 1.37 | -7.38 | -6.13 | -2.38 | 1.16 |
| Gross Margin | 21.25% | 15.42% | -92.84% | 25.66% | 27.16% | 32.05% |
| Operating Margin | -11.04% | -21.11% | -156.21% | 4.42% | 9.17% | 10.66% |
| Profit Margin | -20.29% | -34.23% | -200.38% | 1.15% | 3.02% | 8.61% |
| Free Cash Flow Margin | 6.75% | 6.82% | -46.76% | -11.78% | -4.44% | 3.30% |
| EBITDA | -121.10M | -219.54M | -1.35B | 188.92M | 334.94M | 248.88M |
| EBITDA Margin | -9.09% | -18.54% | -149.57% | 6.35% | 10.77% | 12.67% |
| D&A For EBITDA | 25.97M | 30.51M | 59.87M | 57.20M | 49.68M | 39.53M |
| EBIT | -147.07M | -250.05M | -1.41B | 131.73M | 285.26M | 209.35M |
| EBIT Margin | -11.04% | -21.11% | -156.21% | 4.42% | 9.17% | 10.66% |
| Effective Tax Rate | 57.49% | 47.06% | 9.64% | |||
| Advertising Expenses | 10.27M | 12.02M | 13.48M | 11.09M | 6.32M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 527.26M | 455.07M | 274.61M | 338.47M | 783.11M | 530.09M |
| Short-Term Investments | 19.68M | 38.10M | 311.28M | 521.57M | 241.12M | 167.73M |
| Cash & Short-Term Investments | 546.94M | 493.17M | 585.89M | 860.04M | 1.02B | 697.82M |
| Accounts Receivable | 211.87M | 267.44M | 160.42M | 622.42M | 905.15M | 456.34M |
| Other Receivables | 400.59M | 290.97M | 411.50M | 270.21M | 209.50M | 134.48M |
| Receivables | 612.46M | 558.41M | 571.92M | 948.05M | 1.11B | 590.82M |
| Inventory | 599.82M | 552.63M | 645.90M | 1.44B | 729.20M | 380.14M |
| Prepaid Expenses | 45.05M | 25.33M | 25.29M | 29.58M | 31.58M | 42.51M |
| Restricted Cash | 54.66M | 84.77M | 135.33M | |||
| Other Current Assets | 9.21M | 25.52M | 86.23M | 23.19M | ||
| Total Current Assets | 1.87B | 1.74B | 2.05B | 3.30B | 2.90B | 1.71B |
| Property, Plant & Equipment | 303.82M | 317.53M | 384.83M | 678.75M | 606.72M | 457.52M |
| Long-Term Investments | 63.57M | 415.48M | 647.35M | 498.87M | ||
| Goodwill | 49.85M | 50.12M | 48.38M | 43.00M | 31.19M | 129.63M |
| Other Intangible Assets | 5.78M | 7.13M | 9.67M | 35.34M | 19.93M | 58.86M |
| Long-Term Deferred Tax Assets | 80.91M | 44.15M | 27.57M | |||
| Long-Term Deferred Charges | 43.57M | 37.97M | 29.37M | 13.67M | 3.46M | |
| Other Long-Term Assets | 32.38M | 29.59M | 14.39M | 13.85M | 13.49M | 17.21M |
| Total Assets | 2.30B | 2.18B | 2.65B | 4.59B | 4.27B | 2.90B |
| Accounts Payable | 460.14M | 271.98M | 107.54M | 386.47M | 459.83M | 252.07M |
| Accrued Expenses | 253.28M | 328.18M | 302.99M | 256.01M | 277.10M | 157.30M |
| Current Portion of Long-Term Debt | 346.31M | |||||
| Current Portion of Leases | 13.47M | 17.51M | 15.24M | 20.96M | 19.45M | 14.60M |
| Current Unearned Revenue | 49.33M | 70.37M | 140.87M | 40.84M | 26.64M | 17.79M |
| Other Current Liabilities | 144.11M | 115.46M | 144.39M | 188.95M | 106.70M | 83.42M |
| Total Current Liabilities | 920.33M | 803.50M | 1.06B | 893.23M | 889.72M | 525.18M |
| Long-Term Debt | 332.33M | 331.56M | 330.01M | 627.38M | 624.45M | 621.53M |
| Long-Term Leases | 61.55M | 55.21M | 69.18M | 86.96M | 91.64M | 79.42M |
| Long-Term Unearned Revenue | 327.68M | 293.33M | 231.05M | 214.61M | 186.94M | 151.56M |
| Other Long-Term Liabilities | 249.56M | 271.14M | 300.54M | 353.64M | 296.84M | 213.22M |
| Total Liabilities | 1.89B | 1.75B | 1.99B | 2.18B | 2.09B | 1.59B |
| Common Stock | 6.00K | 6.00K | 6.00K | 6.00K | 6.00K | 5.00K |
| Additional Paid-In Capital | 1.93B | 1.87B | 1.81B | 1.68B | 1.51B | 687.29M |
| Retained Earnings | -1.52B | -1.43B | -1.03B | 778.17M | 743.84M | 650.06M |
| Treasury Stock | -50.19M | |||||
| Comprehensive Income & Other | 8.81M | -11.66M | -76.48M | -46.88M | -73.11M | -27.32M |
| Total Common Equity | 412.08M | 427.46M | 658.34M | 2.41B | 2.18B | 1.31B |
| Shareholders' Equity | 412.08M | 427.46M | 658.34M | 2.41B | 2.18B | 1.31B |
| Total Liabilities & Equity | 2.30B | 2.18B | 2.65B | 4.59B | 4.27B | 2.90B |
| Total Debt | 407.35M | 404.27M | 760.73M | 735.30M | 735.54M | 715.56M |
| Net Cash (Debt) | 139.59M | 88.90M | -132.24M | 532.56M | 934.18M | 464.49M |
| Net Cash Per Share | 2.31 | 1.51 | -2.32 | 9.30 | 16.08 | 8.30 |
| Filing Date Shares Outstanding | 61.53M | 60.37M | 58.03M | 57.13M | 56.15M | 52.82M |
| Total Common Shares Outstanding | 61.51M | 60.36M | 58.03M | 57.12M | 56.13M | 52.82M |
| Working Capital | 947.81M | 936.35M | 993.23M | 2.41B | 2.01B | 1.19B |
| Book Value Per Share | 6.70 | 7.08 | 11.35 | 42.22 | 38.77 | 24.80 |
| Tangible Book Value | 356.46M | 370.21M | 600.30M | 2.33B | 2.13B | 1.12B |
| Tangible Book Value Per Share | 5.79 | 6.13 | 10.35 | 40.85 | 37.86 | 21.24 |
| Land | 1.09M | 12.82M | 13.07M | 13.83M | ||
| Buildings | 24.95M | 60.50M | 153.81M | 152.22M | 62.52M | |
| Machinery | 306.92M | 326.78M | 498.13M | 430.90M | 298.50M | |
| Construction In Progress | 36.69M | 34.95M | 88.08M | 47.17M | 112.04M | |
| Leasehold Improvements | 107.90M | 110.38M | 96.73M | 85.15M | 73.99M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -270.30M | -405.45M | -1.81B | 34.33M | 93.78M | 169.17M |
| Depreciation & Amortization | 25.97M | 30.51M | 59.87M | 57.20M | 49.68M | 39.53M |
| Loss (Gain) From Sale of Assets | 9.05M | 57.56M | 1.52M | 542.00K | ||
| Asset Writedown & Restructuring Costs | 5.80M | 5.80M | 249.45M | 30.79M | 119.14M | |
| Loss (Gain) From Sale of Investments | 21.59M | 21.59M | 5.00M | 482.00K | ||
| Stock-Based Compensation | 81.41M | 92.55M | 137.25M | 149.94M | 145.54M | 102.59M |
| Other Operating Activities | 86.39M | 79.44M | 815.94M | -16.44M | 13.02M | 21.02M |
| Change in Accounts Receivable | 2.56M | -105.92M | 451.71M | 296.43M | -457.61M | -247.72M |
| Change in Inventory | -63.12M | 97.23M | 67.80M | -737.22M | -351.25M | -43.05M |
| Change in Accounts Payable | 281.85M | 164.81M | -405.99M | -58.08M | 194.52M | 91.71M |
| Change in Unearned Revenue | 91.36M | -5.78M | 119.52M | 39.63M | 44.38M | 29.94M |
| Change in Other Net Operating Assets | -158.48M | 71.93M | -9.02M | 22.29M | 180.09M | 50.94M |
| Operating Cash Flow | 114.08M | 104.26M | -313.32M | -180.11M | 31.28M | 214.13M |
| Capital Expenditures | -24.09M | -23.47M | -108.16M | -170.52M | -169.34M | -149.25M |
| Sale of Property, Plant & Equipment | 27.93M | 37.64M | 1.88M | |||
| Cash Acquisitions | -10.42M | -16.65M | ||||
| Divestitures | -2.63M | -7.32M | 280.00K | |||
| Sale (Purchase) of Intangibles | -10.00M | -10.60M | ||||
| Investment in Securities | 216.72M | 322.24M | 554.92M | -24.21M | -275.96M | -333.74M |
| Other Investing Activities | -18.94M | -2.80M | -6.58M | 10.81M | 28.26M | -1.22M |
| Investing Cash Flow | 225.16M | 379.88M | 416.29M | -268.89M | -417.04M | -484.21M |
| Long-Term Debt Issued | 329.21M | |||||
| Long-Term Debt Repaid | -347.34M | -267.90M | -17.38M | |||
| Net Debt Issued (Repaid) | -342.25M | -347.34M | 61.31M | -17.38M | ||
| Issuance of Common Stock | 3.84M | 650.53M | ||||
| Repurchase of Common Stock | -50.48M | -9.26M | -4.28M | |||
| Other Financing Activities | 6.91M | -1.55M | -30.97M | -2.70M | 4.08M | 6.49M |
| Financing Cash Flow | -331.50M | -348.89M | -20.13M | -11.96M | 654.61M | -15.18M |
| Foreign Exchange Rate Adjustments | 1.67M | 3.34M | -11.37M | 16.32M | -15.82M | -11.80M |
| Miscellaneous Cash Flow Adjustments | -8.69M | |||||
| Net Cash Flow | 9.41M | 129.91M | 71.47M | -444.64M | 253.02M | -297.06M |
| Free Cash Flow | 90.00M | 80.79M | -421.48M | -350.64M | -138.06M | 64.88M |
| Free Cash Flow Margin | 6.75% | 6.82% | -46.76% | -11.78% | -4.44% | 3.30% |
| Free Cash Flow Per Share | 1.49 | 1.37 | -7.38 | -6.13 | -2.38 | 1.16 |
| Levered Free Cash Flow | 113.76M | 235.12M | -10.47M | -467.22M | -305.28M | -103.09M |
| Unlevered Free Cash Flow | 130.15M | 251.51M | 1.95M | -458.49M | -298.10M | -97.29M |
| Cash Interest Paid | 3.89M | 3.89M | 62.00K | 70.00K | ||
| Cash Income Tax Paid | 31.79M | 31.79M | 17.00M | 137.98M | 74.69M | 45.98M |
| Change in Working Capital | 154.18M | 222.26M | 224.02M | -436.96M | -389.88M | -118.19M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.85B | 1.73B | 788.12M | 5.32B | 15.83B | 14.74B |
| Enterprise Value | 1.71B | 1.64B | 811.75M | 4.59B | 14.99B | 14.26B |
| Last Close Price | 30.05 | 28.85 | 13.60 | 93.60 | 283.27 | 280.57 |
| PE Ratio | 154.90 | 168.84 | 87.10 | |||
| Forward PE | 228.52 | 149.46 | 149.46 | 277.30 | 36.87 | 45.42 |
| PS Ratio | 1.39 | 1.46 | 0.87 | 1.79 | 5.09 | 7.50 |
| PB Ratio | 4.49 | 4.04 | 1.20 | 2.21 | 7.28 | 11.25 |
| P/TBV Ratio | 5.19 | 4.66 | 1.31 | 2.28 | 7.45 | 13.14 |
| P/FCF Ratio | 20.54 | 21.35 | 227.12 | |||
| P/OCF Ratio | 16.21 | 16.55 | 506.12 | 68.82 | ||
| PEG Ratio | 11.27 | 11.27 | 16.49 | 1.04 | 2.12 | |
| EV/Sales Ratio | 1.28 | 1.39 | 0.90 | 1.54 | 4.82 | 7.26 |
| EV/EBITDA Ratio | 24.28 | 44.77 | 57.29 | |||
| EV/EBIT Ratio | 34.82 | 52.56 | 68.11 | |||
| EV/FCF Ratio | 18.99 | 20.33 | 219.76 | |||
| Debt / Equity Ratio | 0.99 | 0.95 | 1.16 | 0.30 | 0.34 | 0.55 |
| Debt / EBITDA Ratio | 3.55 | 2.10 | 2.71 | |||
| Debt / FCF Ratio | 4.53 | 5.00 | 11.03 | |||
| Net Debt / Equity Ratio | -0.34 | -0.21 | 0.20 | -0.22 | -0.43 | -0.35 |
| Net Debt / EBITDA Ratio | 1.15 | 0.41 | -0.10 | -2.82 | -2.79 | -1.87 |
| Net Debt / FCF Ratio | -1.55 | -1.10 | -0.31 | 1.52 | 6.77 | -7.16 |
| Asset Turnover | 0.56 | 0.49 | 0.25 | 0.67 | 0.87 | 0.74 |
| Inventory Turnover | 1.86 | 1.67 | 1.66 | 2.04 | 4.08 | 3.75 |
| Quick Ratio | 1.26 | 1.31 | 1.09 | 1.96 | 2.40 | 2.45 |
| Current Ratio | 2.03 | 2.17 | 1.94 | 3.70 | 3.26 | 3.26 |
| Return on Equity (ROE) | -58.42% | -74.68% | -117.67% | 1.50% | 5.38% | 14.12% |
| Return on Assets (ROA) | -3.84% | -6.47% | -24.33% | 1.86% | 4.98% | 4.90% |
| Return on Invested Capital (ROIC) | -53.88% | -42.68% | -90.26% | 2.68% | 9.39% | 18.48% |
| Return on Capital Employed (ROCE) | -10.60% | -18.10% | -88.60% | 3.60% | 8.40% | 8.80% |
| Earnings Yield | -14.91% | -23.50% | -229.20% | 0.65% | 0.59% | 1.15% |
| FCF Yield | 4.87% | 4.68% | -53.48% | -6.59% | -0.87% | 0.44% |
| Buyback Yield / Dilution | -4.43% | -3.28% | 0.27% | 1.49% | -3.81% | -6.02% |