SOLAREDGE TECHNOLOGIES, INC. SEDG

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

We are a global smart energy technology company that changed the way power is harvested and managed in photovoltaic (also known as PV) systems. Our direct current ("DC"), optimized inverter system maximizes power generation while lowering the cost of energy produced by the PV system for improved return on investment, or ROI. Additional benefits of the DC optimized inverter system include: comprehensive and advanced safety features, improved design flexibility, efficient integration (DC coupled) with SolarEdge storage solutions, and improved operation and maintenance, or O&M, with remote monitoring at the module-level. The typical SolarEdge DC optimized inverter system consists of inverters, Optimizers, a communication device which enables access to a cloud-based Monitoring Platform and, in many cases, a battery and additional smart energy management solutions and devices, such as EV chargers and load controllers. As part of our hardware sales, we also provide the energy management software which controls, manages and optimizes the energy production, storage and use of energy generated by our systems. Our solutions address a broad range of solar market segments, from residential solar installations to commercial and small utility scale solar installations.

Last close 33.32 2026-10-23
Market cap $2.05B 2026-06-30 share count
52-week range 28.21 - 81.25

Valuation FY2025 figures against the last close

P/S1.7x
P/E—
P/FCF25.4x
EV/EBITDA—
Dividend yield—
Diluted EPS-6.88

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Europe
  • International markets
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 718.2M (60.6%) 61% United States Europe, FY2025: 317.6M (26.8%) 27% Europe International markets, FY2025: 148.6M (12.5%) 13% FY2024 United States, FY2024: 379.6M (42.1%) 42% Europe, FY2024: 322.6M (35.8%) 36% International markets, FY2024: 199.2M (22.1%) 22% FY2023 United States, FY2023: 759.6M (25.5%) 26% Europe, FY2023: 1.9B (64.0%) 64% International markets, FY2023: 313.1M (10.5%) 11%
Region FY2025FY2024FY2023
United States $718.2M $379.6M $759.6M
Europe $317.6M $322.6M $1.90B
International markets $148.6M $199.2M $313.1M

As the company reported it, from the “SEGMENT, GEOGRAPHIC AND PRODUCT INFORMATION (Summary of Revenues Within Geographic Areas) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.18B$901.5M$2.98B$3.11B$1.96B$1.46B$1.43B$937.2M$607.0M$489.8M
Cost of revenue $988.2M$1.78B$2.27B$2.27B$1.33B$997.9M$946.3M$618.0M$392.3M$337.9M
Gross profit $196.3M-$877.2M$703.8M$844.6M$629.3M$461.4M$479.3M$319.2M$214.8M$152.0M
R&D $221.3M$277.2M$321.5M$289.8M$219.6M$163.1M$121.4M$82.2M$55.0M$33.2M
SG&A $101.0M$147.5M$146.5M$112.5M$82.2M$63.1M$49.4M$29.3M$18.7M$12.1M
Total operating expenses $498.0M$831.1M$663.6M$678.5M$422.2M$318.8M$289.4M$179.8M$123.7M$80.2M
Operating income -$301.7M-$1.71B$40.2M$166.1M$207.1M$142.6M$189.9M$139.4M$91.1M$71.8M
Interest expense $1.4M$1.2M$1.3M$1.5M$605.0K$5.3M$4.8M$2.5M——
Pre-tax income -$391.1M-$1.71B$81.1M$177.2M$187.2M$163.7M$178.6M$137.1M$100.2M$72.2M
Income tax $13.4M$96.2M$46.4M$83.4M$18.1M$23.3M$33.6M$9.1M$16.1M$4.4M
Net income -$405.4M-$1.81B$34.3M$93.8M$169.2M$140.3M$146.5M$128.8M$84.2M$76.6M
EPS, basic -6.88-31.640.611.703.242.793.062.851.991.92
EPS, diluted -6.88-31.640.601.653.062.662.902.691.851.73
Shares, diluted (wtd. avg.) 59.0M57.1M57.2M58.1M56.0M52.8M50.2M48.0M45.4M44.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $455.1M$274.6M$338.5M$783.1M$530.1M$827.1M$223.9M$187.8M$163.2M$104.7M
Short-term investments $38.1M$311.3M$521.6M$241.1M$167.7M$143.7M$91.8M$118.7M$77.3M$74.5M
Receivables $267.4M$160.4M$622.4M$905.1M$456.3M$218.7M$298.4M$173.6M$109.5M$71.0M
Inventory $552.6M$645.9M$1.44B$729.2M$380.1M$331.7M$170.8M$141.5M$83.0M$67.4M
Total current assets $1.74B$2.05B$3.30B$2.90B$1.71B$1.72B$932.8M$677.3M$476.7M$339.8M
Property, plant and equipment $269.4M$343.4M$614.6M$544.0M$410.4M$303.4M$177.0M$119.3M$51.2M$36.1M
Goodwill $50.1M$48.4M$43.0M$31.2M$129.6M$140.5M$129.7M$34.9M——
Other intangibles $7.1M$9.7M$35.3M$19.9M$58.9M$67.8M$74.0M$38.5M$1.1M$1.3M
Total assets $2.18B$2.65B$4.59B$4.27B$2.90B$2.44B$1.49B$964.5M$641.3M$424.7M
Accounts payable $272.0M$107.5M$386.5M$459.8M$252.1M$162.1M$157.1M$107.1M$69.5M$34.0M
Total current liabilities $803.5M$1.06B$893.2M$889.7M$525.2M$436.1M$436.7M$225.7M$129.8M$70.5M
Retained earnings -$1.43B-$1.03B$778.2M$743.8M$650.1M$478.0M$337.7M$191.1M$66.2M-$18.0M
Total equity $427.5M$658.3M$2.41B$2.18B$1.31B$1.09B$811.7M$570.7M$397.5M$288.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $104.3M-$313.3M-$180.1M$31.3M$214.1M$222.7M$259.0M$189.1M$136.7M$52.5M
Depreciation and amortisation $30.5M$59.9M$57.2M$49.7M$39.5M$22.4M$17.3M$11.4M$7.0M$3.8M
Stock-based compensation $92.5M$137.3M$149.9M$145.5M$102.6M$67.3M$60.4M$30.6M$17.6M$9.1M
Capital expenditure $23.5M$108.2M$170.5M$169.3M$149.3M$126.8M$72.6M$38.6M$21.4M$15.7M
Investing cash flow $379.9M$416.3M-$268.9M-$417.0M-$484.2M-$236.6M-$152.9M-$156.6M-$85.4M-$128.7M
Financing cash flow -$348.9M-$20.1M-$12.0M$654.6M-$15.2M$640.5M-$73.0M-$8.0M$7.2M$2.8M
Buybacks $0$50.2M$0$0——————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001178913-26-002197.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2016: 489.8M Gross profit, FY2016: 152M Net income, FY2016: 76.6M Revenue, FY2017: 607M Gross profit, FY2017: 214.8M Net income, FY2017: 84.2M Revenue, FY2018: 937.2M Gross profit, FY2018: 319.2M Net income, FY2018: 128.8M Revenue, FY2019: 1.4B Gross profit, FY2019: 479.3M Net income, FY2019: 146.5M Revenue, FY2020: 1.5B Gross profit, FY2020: 461.4M Net income, FY2020: 140.3M Revenue, FY2021: 2B Gross profit, FY2021: 629.3M Net income, FY2021: 169.2M Revenue, FY2022: 3.1B Gross profit, FY2022: 844.6M Net income, FY2022: 93.8M Revenue, FY2023: 3B Gross profit, FY2023: 703.8M Net income, FY2023: 34.3M Revenue, FY2024: 901.5M Gross profit, FY2024: -877.2M Net income, FY2024: -1.8B Revenue, FY2025: 1.2B Gross profit, FY2025: 196.3M Net income, FY2025: -405.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $489.8M $607.0M $937.2M $1.43B $1.46B $1.96B $3.11B $2.98B $901.5M $1.18B
Gross profit $152.0M $214.8M $319.2M $479.3M $461.4M $629.3M $844.6M $703.8M -$877.2M $196.3M
Net income $76.6M $84.2M $128.8M $146.5M $140.3M $169.2M $93.8M $34.3M -$1.81B -$405.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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