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SolarEdge Technologies, Inc., together with its subsidiaries, operates as an energy technology company in the United States, Europe, and internationally. The company offers power optimizers and DC-to-AC inverters; Storage Solutions, such as home battery 400V and CSS-OD solution; EV chargers for residential and commercial applications; SolarEdge ONE, an energy optimization system; and cloud-based monitoring platform. It also provides mySolarEdge app, which enables system owners to track their real-time system production and household energy consumption; SolarEdge Go app, a mobile application for SolarEdge installers, integrating installation, management, and service capabilities; designer platform, a web-based tool; and mapper application for registering the physical layout of new PV sites. In addition, the company offers SetApp application to activate and configure SolarEdge inverters; grid services; and pre-sales support, ongoing trainings, and technical support before, during, and after installation based on its operation structure. It serves solar installers, solar distributors, and electrical equipment wholesalers, as well as providers of PV systems to residential and commercial end users through distributors and electrical equipment wholesalers, and directly to solar installers and engineering, procurement, and construction firms, or EPCs. SolarEdge Technologies, Inc. was incorporated in 2006 and is headquartered in Herzliya Pituach, Israel.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $-349M | $-405M | $81M | -94.8% | 31.4% | -77.6% |
| 2024 | $901M | $-1.6B | $-1.8B | $-431M | -274.4% | -69.7% | -5361.9% |
| 2023 | $3.0B | $142M | $34M | $-361M | 1.4% | -4.3% | -63.4% |
| 2022 | $3.1B | $231M | $94M | $-138M | 4.3% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,110.28 | 2,976.53 | 901.46 | 1,184.44 |
| Operating Revenue | - | 3,110.28 | 2,976.53 | 901.46 | 1,184.44 |
| Cost Of Revenue | - | 2,265.63 | 2,272.70 | 1,778.66 | 988.16 |
| Gross Profit | - | 844.65 | 703.82 | -877.20 | 196.28 |
| Operating Expense | - | 559.39 | 632.43 | 597.64 | 425.98 |
| Research And Development | - | 289.81 | 321.48 | 277.24 | 221.26 |
| Selling General And Administration | - | 272.18 | 310.82 | 294.32 | 218.37 |
| Total Expenses | - | 2,825.02 | 2,905.14 | 2,376.30 | 1,414.15 |
| Operating Income | - | 285.26 | 71.39 | -1,474.85 | -229.70 |
| Total Operating Income As Reported | - | 166.12 | 40.20 | -1,708.29 | -301.68 |
| EBITDA | - | 231.28 | 142.49 | -1,640.36 | -348.90 |
| Normalized EBITDA | - | 347.25 | 147.31 | -1,376.68 | -215.50 |
| EBIT | - | 181.60 | 85.30 | -1,700.23 | -379.41 |
| Interest Income | - | 13.48 | 33.16 | 34.32 | 16.44 |
| Interest Expense | - | 4.45 | 4.20 | 8.08 | 11.70 |
| Net Interest Income | - | 0.58 | 14.84 | 15.67 | -10.58 |
| Other Non Operating Income Expenses | - | 7.28 | -0.32 | 14.55 | -17.43 |
| Other Income Expense | - | -108.69 | -5.13 | -249.13 | -150.82 |
| Interest Income Non Operating | - | 13.48 | 33.16 | 34.32 | 16.44 |
| Interest Expense Non Operating | - | 4.45 | 4.20 | 8.08 | 11.70 |
| Net Non Operating Interest Income Expense | - | 0.58 | 14.84 | 15.67 | -10.58 |
| Pretax Income | - | 177.16 | 81.10 | -1,708.31 | -391.11 |
| Tax Provision | - | 83.38 | 46.42 | 96.15 | 13.38 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -24.35 | -1.01 | -55.37 | -28.01 |
| Net Income Continuous Operations | - | 93.78 | 34.33 | -1,806.36 | -405.45 |
| Net Income From Continuing And Discontinued Operation | - | 93.78 | 34.33 | -1,806.36 | -405.45 |
| Net Income From Continuing Operation Net Minority Interest | - | 93.78 | 34.33 | -1,806.36 | -405.45 |
| Net Income | - | 93.78 | 34.33 | -1,806.36 | -405.45 |
| Net Income Common Stockholders | - | 93.78 | 34.33 | -1,806.36 | -405.45 |
| Net Income Including Noncontrolling Interests | - | 93.78 | 34.33 | -1,806.36 | -405.45 |
| Normalized Income | - | 185.40 | 38.13 | -1,598.05 | -300.07 |
| Diluted NI Availto Com Stockholders | - | 95.98 | 34.33 | -1,806.36 | -405.45 |
| Basic Average Shares | - | 55.16 | 56.28 | 57.09 | 58.95 |
| Diluted Average Shares | - | 55.16 | 57.24 | 57.09 | 58.95 |
| Reconciled Depreciation | - | 49.68 | 57.20 | 59.86 | 30.51 |
| Reconciled Cost Of Revenue | - | 2,265.63 | 2,272.70 | 1,778.66 | 988.16 |
| Total Unusual Items | - | -115.97 | -4.81 | -263.68 | -133.40 |
| Total Unusual Items Excluding Goodwill | - | -115.97 | -4.81 | -263.68 | -133.40 |
| Minority Interests | 0 | - | - | - | - |
| Earnings From Equity Interest Net Of Tax | - | 0 | -0.35 | -1.90 | -0.96 |
| Special Income Charges | - | -119.14 | -31.33 | -250.97 | -64.06 |
| Gain On Sale Of Business | 0 | - | 0 | 0 | -17.98 |
| Other Special Charges | - | - | 1.79 | - | - |
| Write Off | - | - | 0 | 0 | 43.33 |
| Impairment Of Capital Assets | - | 119.14 | 30.79 | 249.45 | 5.80 |
| Restructuring And Mergern Acquisition | -0.86 | 0 | 0 | - | - |
| Gain On Sale Of Security | - | 3.17 | 26.52 | -12.71 | -69.34 |
| General And Administrative Expense | - | 112.50 | 146.50 | 147.46 | 101.04 |
| Other Gand A | - | 112.50 | 146.50 | 147.46 | 101.04 |
| Salaries And Wages | 0 | - | - | - | - |
| Gain On Sale Of Ppe | - | 2.60 | -0.54 | -1.52 | 3.06 |
| Total Other Finance Cost | - | 8.46 | 14.12 | 10.57 | 15.32 |
| Other Operating Expenses | - | -2.60 | -0.02 | 8.56 | -5.72 |
| Provision For Doubtful Accounts | - | 0 | 0.14 | 17.53 | -7.92 |
| Selling And Marketing Expense | - | 159.68 | 164.32 | 146.86 | 117.33 |
| Average Dilution Earnings | 2.13 | 2.20 | 0 | 0 | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SolarEdge Technologies, Inc.this co. | SEDG | $4.4B | -10.97 | 10.41 | -94.8% | -12.64 |
| Axcelis Technologies, Inc. | ACLS | $5.0B | 41.37 | 4.81 | 11.6% | 28.80 |
| Power Integrations, Inc. | POWI | $4.8B | 215.13 | 7.06 | 3.3% | 117.83 |
| ACI Worldwide, Inc. | ACIW | $4.3B | 19.00 | 2.83 | 14.9% | 10.53 |
| Ultra Clean Holdings, Inc. | UCTT |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $4.2B |
| -23.18 |
| 5.91 |
| -25.5% |
| -144.65 |
| Impinj, Inc. | PI | $4.1B | - | 19.82 | -5.2% | 595.65 |
| Veeco Instruments Inc. | VECO | $3.9B | 109.79 | 4.39 | 4.0% | 58.12 |
| Life360, Inc. | LIF | $3.9B | 25.68 | 7.07 | 27.5% | 112.98 |
| Extreme Networks, Inc. | EXTR | $3.9B | - | 59.05 | -11.4% | 98.02 |
| Peer Median | - | 33.53 | 6.49 | 3.6% | 78.07 | |