Solaredge Technologies Inc Financials
This page shows Solaredge Technologies Inc (SEDG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Solaredge Technologies Inc has an operating margin of -189.5%, meaning the company retains $-190 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 1.4% the prior year.
Solaredge Technologies Inc's revenue declined 69.7% year-over-year, from $3.0B to $901.5M. This contraction results in a growth score of 0/100.
Solaredge Technologies Inc has elevated debt relative to equity (D/E of 3.02), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Solaredge Technologies Inc's current ratio of 1.94 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.
While Solaredge Technologies Inc generated -$313.3M in operating cash flow, capex of $108.2M consumed most of it, leaving -$421.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Solaredge Technologies Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Solaredge Technologies Inc generates $0.25 in operating cash flow (-$313.3M OCF vs -$1.3B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Solaredge Technologies Inc earns $-1477.8 in operating income for every $1 of interest expense (-$1.7B vs $1.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Solaredge Technologies Inc generated $901.5M in revenue in fiscal year 2024. This represents a decrease of 69.7% from the prior year.
Solaredge Technologies Inc's EBITDA was -$1.6B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1792.4% from the prior year.
Solaredge Technologies Inc generated -$421.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 20.2% from the prior year.
Solaredge Technologies Inc reported -$1.3B in net income in fiscal year 2024. This represents a decrease of 532.6% from the prior year.
Solaredge Technologies Inc earned $-31.64 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 5373.3% from the prior year.
Solaredge Technologies Inc held $274.6M in cash against $0 in long-term debt as of fiscal year 2024.
Solaredge Technologies Inc had 59M shares outstanding in fiscal year 2024. This represents an increase of 2.9% from the prior year.
Solaredge Technologies Inc's gross margin was -97.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 121.0 percentage points from the prior year.
Solaredge Technologies Inc's operating margin was -189.5% in fiscal year 2024, reflecting core business profitability. This is down 190.9 percentage points from the prior year.
Solaredge Technologies Inc's net profit margin was -139.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 148.9 percentage points from the prior year.
Solaredge Technologies Inc invested $277.2M in research and development in fiscal year 2024. This represents a decrease of 13.8% from the prior year.
Solaredge Technologies Inc spent $50.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Solaredge Technologies Inc invested $108.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 36.6% from the prior year.
SEDG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $340.2M+17.5% | $289.4M+31.9% | $219.5M+11.9% | $196.2M-26.1% | $265.4M+29.8% | $204.4M-35.3% | $316.0M-56.4% | $725.3M |
| Cost of Revenue | $268.0M+4.2% | $257.3M+27.4% | $201.9M-34.5% | $308.5M+11.6% | $276.4M+19.9% | $230.6M-38.1% | $372.5M-36.1% | $582.5M |
| Gross Profit | $72.1M+124.5% | $32.1M+83.2% | $17.5M+115.6% | -$112.3M-923.4% | -$11.0M+58.1% | -$26.2M+53.6% | -$56.4M-139.5% | $142.8M |
| R&D Expenses | $54.1M+1.4% | $53.4M-13.9% | $62.0M-0.4% | $62.2M-10.2% | $69.3M-8.1% | $75.4M+0.5% | $75.0M-6.3% | $80.1M |
| SG&A Expenses | $26.6M+34.3% | $19.8M-34.4% | $30.2M-17.0% | $36.4M-6.8% | $39.0M+26.4% | $30.9M-10.9% | $34.6M-11.5% | $39.1M |
| Operating Income | -$35.1M+69.6% | -$115.5M-12.4% | -$102.7M+61.0% | -$263.7M-64.6% | -$160.2M+7.8% | -$173.7M+26.9% | -$237.6M-1320.4% | -$16.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.6M-54.7% | $5.7M-1.2% | $5.7M-48.1% | $11.0M+190.2% | -$12.2M+48.5% | -$23.8M+55.4% | -$53.2M-247.5% | $36.1M |
| Net Income | -$50.1M+59.9% | -$124.7M-26.6% | -$98.5M-137.3% | $264.4M+302.1% | -$130.8M+16.8% | -$157.3M-268.6% | $93.3M+252.5% | -$61.2M |
| EPS (Diluted) | $-0.84+60.6% | $-2.13-25.3% | $-1.70+66.0% | $-5.00-116.5% | $-2.31+16.0% | $-2.75-1.9% | $-2.70-150.0% | $-1.08 |
SEDG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B-10.4% | $2.5B-1.4% | $2.5B-4.6% | $2.6B-33.0% | $3.9B-5.2% | $4.2B-9.2% | $4.6B-1.4% | $4.7B |
| Current Assets | $1.8B-10.4% | $2.0B-0.9% | $2.0B-3.0% | $2.1B-29.1% | $2.9B-3.2% | $3.0B-9.5% | $3.3B-1.8% | $3.4B |
| Cash & Equivalents | $439.5M-19.4% | $545.2M+35.8% | $401.4M+46.2% | $274.6M+5.8% | $259.5M+21.1% | $214.2M-36.7% | $338.5M-38.6% | $551.1M |
| Inventory | $530.8M+0.3% | $529.3M-16.9% | $636.6M-1.4% | $645.9M-57.1% | $1.5B-2.8% | $1.5B+7.3% | $1.4B+22.6% | $1.2B |
| Accounts Receivable | $286.3M+31.9% | $217.1M+63.8% | $132.6M-17.4% | $160.4M-45.7% | $295.6M-26.9% | $404.4M-35.0% | $622.4M-33.8% | $939.5M |
| Goodwill | $50.5M-1.6% | $51.3M+5.6% | $48.6M+0.5% | $48.4M-7.0% | $52.0M+25.5% | $41.5M-3.5% | $43.0M+4.4% | $41.2M |
| Total Liabilities | $1.8B-11.4% | $2.0B+2.4% | $1.9B-2.9% | $2.0B+7.9% | $1.8B-4.4% | $1.9B-11.5% | $2.2B+0.7% | $2.2B |
| Current Liabilities | $774.8M-23.8% | $1.0B+4.3% | $974.4M-7.8% | $1.1B+86.5% | $566.8M-14.0% | $658.9M-26.2% | $893.2M+1.9% | $876.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $479.8M-6.5% | $513.2M-13.6% | $594.2M-9.7% | $658.3M-68.7% | $2.1B-6.0% | $2.2B-7.1% | $2.4B-3.2% | $2.5B |
| Retained Earnings | -$1.3B-4.0% | -$1.3B-11.1% | -$1.1B-9.6% | -$1.0B-309.8% | $490.0M-21.1% | $620.9M-20.2% | $778.2M-17.3% | $940.5M |
SEDG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.6M+428.3% | -$7.8M-123.1% | $33.8M-10.5% | $37.8M+184.4% | -$44.8M+79.4% | -$217.0M-55.1% | -$139.9M-444.7% | $40.6M |
| Capital Expenditures | $2.8M+123.6% | $1.3M-87.6% | $10.1M-17.5% | $12.3M-44.8% | $22.2M-15.8% | $26.3M-34.9% | $40.5M-11.9% | $45.9M |
| Free Cash Flow | $22.8M+351.8% | -$9.1M-138.2% | $23.7M-7.2% | $25.5M+138.2% | -$67.0M+72.5% | -$243.4M-34.9% | -$180.4M-3263.3% | -$5.4M |
| Investing Cash Flow | $235.6M+243.5% | $68.6M+1.5% | $67.6M-6.2% | $72.1M-23.5% | $94.2M-36.8% | $149.0M+284.6% | -$80.7M-84.5% | -$43.7M |
| Financing Cash Flow | -$342.9M-91837.5% | -$373K+94.0% | -$6.2M-2336.3% | -$256K-184.5% | $303K+100.6% | -$51.0M-7732.1% | -$651K+44.1% | -$1.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0+100.0% | -$121K-100.7% | $16.8M-49.5% | $33.2M | $0 | $0 |
SEDG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.2%+10.1pp | 11.1%+3.1pp | 8.0%+65.2pp | -57.2%-53.1pp | -4.1%+8.7pp | -12.8%+5.0pp | -17.8%-37.5pp | 19.7% |
| Operating Margin | -10.3%+29.6pp | -39.9%+6.9pp | -46.8%+87.6pp | -134.4%-74.0pp | -60.4%+24.6pp | -85.0%-9.8pp | -75.2%-72.9pp | -2.3% |
| Net Margin | -14.7%+28.4pp | -43.1%+1.8pp | -44.9%-179.6pp | 134.7%+184.0pp | -49.3%+27.7pp | -77.0%-106.5pp | 29.5%+38.0pp | -8.4% |
| Return on Equity | N/A | N/A | N/A | 40.2% | N/A | N/A | 3.9% | N/A |
| Return on Assets | -2.2%+2.8pp | -5.0%-1.1pp | -3.9%-13.9pp | 10.0%+13.3pp | -3.3%+0.5pp | -3.8%-5.8pp | 2.0%+3.4pp | -1.3% |
| Current Ratio | 2.28+0.3 | 1.94-0.1 | 2.04+0.1 | 1.94-3.2 | 5.10+0.6 | 4.54+0.8 | 3.70-0.1 | 3.84 |
| Debt-to-Equity | 3.65-0.2 | 3.85+0.6 | 3.25+0.2 | 3.02+2.1 | 0.87+0.0 | 0.86-0.0 | 0.90+0.0 | 0.87 |
| FCF Margin | 6.7%+9.8pp | -3.1%-13.9pp | 10.8%-2.2pp | 13.0%+38.3pp | -25.2%+93.8pp | -119.1%-62.0pp | -57.1%-56.3pp | -0.7% |
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Frequently Asked Questions
What is Solaredge Technologies Inc's annual revenue?
Solaredge Technologies Inc (SEDG) reported $901.5M in total revenue for fiscal year 2024. This represents a -69.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Solaredge Technologies Inc's revenue growing?
Solaredge Technologies Inc (SEDG) revenue declined by 69.7% year-over-year, from $3.0B to $901.5M in fiscal year 2024.
Is Solaredge Technologies Inc profitable?
No, Solaredge Technologies Inc (SEDG) reported a net income of -$1.3B in fiscal year 2024, with a net profit margin of -139.2%.
What is Solaredge Technologies Inc's earnings per share (EPS)?
Solaredge Technologies Inc (SEDG) reported diluted earnings per share of $-31.64 for fiscal year 2024. This represents a -5373.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Solaredge Technologies Inc's EBITDA?
Solaredge Technologies Inc (SEDG) had EBITDA of -$1.6B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Solaredge Technologies Inc's gross margin?
Solaredge Technologies Inc (SEDG) had a gross margin of -97.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Solaredge Technologies Inc's operating margin?
Solaredge Technologies Inc (SEDG) had an operating margin of -189.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Solaredge Technologies Inc's net profit margin?
Solaredge Technologies Inc (SEDG) had a net profit margin of -139.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Solaredge Technologies Inc's free cash flow?
Solaredge Technologies Inc (SEDG) generated -$421.5M in free cash flow during fiscal year 2024. This represents a -20.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Solaredge Technologies Inc's operating cash flow?
Solaredge Technologies Inc (SEDG) generated -$313.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Solaredge Technologies Inc's total assets?
Solaredge Technologies Inc (SEDG) had $2.6B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Solaredge Technologies Inc's capital expenditures?
Solaredge Technologies Inc (SEDG) invested $108.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Solaredge Technologies Inc spend on research and development?
Solaredge Technologies Inc (SEDG) invested $277.2M in research and development during fiscal year 2024.
Does Solaredge Technologies Inc buy back shares?
Yes, Solaredge Technologies Inc (SEDG) spent $50.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Solaredge Technologies Inc have outstanding?
Solaredge Technologies Inc (SEDG) had 59M shares outstanding as of fiscal year 2024.
What is Solaredge Technologies Inc's current ratio?
Solaredge Technologies Inc (SEDG) had a current ratio of 1.94 as of fiscal year 2024, which is generally considered healthy.
What is Solaredge Technologies Inc's debt-to-equity ratio?
Solaredge Technologies Inc (SEDG) had a debt-to-equity ratio of 3.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Solaredge Technologies Inc's return on assets (ROA)?
Solaredge Technologies Inc (SEDG) had a return on assets of -47.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Solaredge Technologies Inc's cash runway?
Based on fiscal year 2024 data, Solaredge Technologies Inc (SEDG) had $274.6M in cash against an annual operating cash burn of $313.3M. This gives an estimated cash runway of approximately 11 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Solaredge Technologies Inc's Piotroski F-Score?
Solaredge Technologies Inc (SEDG) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Solaredge Technologies Inc's earnings high quality?
Solaredge Technologies Inc (SEDG) has an earnings quality ratio of 0.25x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Solaredge Technologies Inc cover its interest payments?
Solaredge Technologies Inc (SEDG) has an interest coverage ratio of -1477.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Solaredge Technologies Inc?
Solaredge Technologies Inc (SEDG) scores 12 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.