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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 |
| 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 |
| Operating Income | - | 285.26 | 71.39 | -1,474.85 | -229.70 |
| EBITDA | - | 231.28 | 142.49 | -1,640.36 | -348.90 |
| EBIT | - | 181.60 | 85.30 | -1,700.23 | -379.41 |
| Pretax Income | - | 177.16 | 81.10 | -1,708.31 | -391.11 |
| Tax Provision | - | 83.38 | 46.42 | 96.15 | 13.38 |
| Net Income | - | 93.78 | 34.33 | -1,806.36 | -405.45 |
| Net Income Common Stockholders | - | 93.78 | 34.33 | -1,806.36 | -405.45 |
| Total Expenses | - | 2,825.02 | 2,905.14 | 2,376.30 | 1,414.15 |
| Interest Expense | - | 4.45 | 4.20 | 8.08 | 11.70 |
| Interest Income | - | 13.48 | 33.16 | 34.32 | 16.44 |
| Research And Development | - | 289.81 | 321.48 | 277.24 | 221.26 |
| Selling General And Administration | - | 272.18 | 310.82 | 294.32 | 218.37 |
| Normalized EBITDA | - | 347.25 | 147.31 | -1,376.68 | -215.50 |
| Normalized Income | - | 185.40 | 38.13 | -1,598.05 | -300.07 |
| Market Cap | 2,787.29 | 2,787.29 | 2,787.29 | 2,787.29 | 2,787.29 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SolarEdge Technologies, Inc.this co. | SEDG | - | -6.87 | 6.52 | -94.8% | -7.88 |
| Teradata Corporation | TDC | $2.5B | 19.22 | 10.86 | 56.5% | 8.72 |
| Verra Mobility Corporation | VRRM | $2.4B | 16.70 | 7.79 | 46.6% | 8.73 |
| Insight Enterprises, Inc. | NSIT | $2.3B | 14.13 | 1.35 | 9.5% | 8.28 |
| ePlus inc. | PLUS | $2.3B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 20.77 |
| 2.29 |
| 11.0% |
| 10.97 |
| Alarm.com Holdings, Inc. | ALRM | $2.2B | 16.67 | 2.61 | 15.6% | 10.06 |
| DXC Technology Company | DXC | $2.1B | 5.18 | 0.62 | 12.0% | 2.16 |
| Digi International Inc. | DGII | $2.1B | 52.23 | 3.35 | 6.4% | 25.20 |
| SPS Commerce, Inc. | SPSC | $2.1B | 21.89 | 2.10 | 9.6% | 10.76 |
| Peer Median | - | 17.96 | 2.45 | 11.5% | 9.40 | |