Solaredge Technologies Inc Financials
Solaredge Technologies Inc (SEDG) reported $1.3B in revenue over the twelve months to Jun 30, 2026, up 41.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
SolarEdge’s dominant mechanic is a partial revenue recovery whose gross-profit rebound still fails to absorb operating costs.
The 2025 revenue rebound to$1.2B restored gross margin to16.6% from-97.3% in FY2024, yet operating margin remained-25.5% . That gap indicates the recovery reached production economics before restoring the broader cost structure.
Cash conversion improved alongside sharply lower reinvestment: FY2025 operating cash flow was
The balance sheet is less resilient than the current ratio alone suggests. Debt-to-equity rose from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Solaredge Technologies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Solaredge Technologies Inc has an operating margin of -25.5%, meaning the company loses $25 on every $100 of revenue. This results in a profitability score of 12/100. This is up from -189.5% the prior year.
Solaredge Technologies Inc's revenue surged 31.4% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 2/100.
Solaredge Technologies Inc has elevated debt relative to equity (D/E of 4.11), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 14/100, reflecting increased financial risk.
Solaredge Technologies Inc's current ratio of 2.17 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
Solaredge Technologies Inc's free cash flow margin of 6.8% results in a low score of 14/100. Capital expenditures of $23.5M absorb a large share of operating cash flow.
Solaredge Technologies Inc posts a -94.8% return on equity (ROE), meaning it loses $95 for every $100 of shareholders' equity. This results in a returns score of 12/100. This is up from -274.4% the prior year.
Solaredge Technologies Inc scores 0.34, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.9B) relative to total liabilities ($1.8B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Solaredge Technologies Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Solaredge Technologies Inc reported a net loss of $405.4M while generating $104.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Solaredge Technologies Inc reported an operating loss of $301.7M against $1.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Solaredge Technologies Inc generated $1.2B in revenue in fiscal year 2025. This represents an increase of 31.4% from the prior year.
Solaredge Technologies Inc's EBITDA was -$271.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 83.5% from the prior year.
Solaredge Technologies Inc reported -$405.4M in net income in fiscal year 2025. This represents an increase of 77.6% from the prior year.
Solaredge Technologies Inc earned -$6.88 per diluted share (EPS) in fiscal year 2025. This represents an increase of 78.3% from the prior year.
Cash & Balance Sheet
Solaredge Technologies Inc generated $80.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 119.2% from the prior year.
Solaredge Technologies Inc held $455.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Solaredge Technologies Inc's gross margin was 16.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 113.9 percentage points from the prior year.
Solaredge Technologies Inc's operating margin was -25.5% in fiscal year 2025, reflecting core business profitability. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Solaredge Technologies Inc's net profit margin was -34.2% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Solaredge Technologies Inc's ROE was -94.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 179.5 percentage points from the prior year.
Capital Allocation
Solaredge Technologies Inc invested $221.3M in research and development in fiscal year 2025. This represents a decrease of 20.2% from the prior year.
Solaredge Technologies Inc repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Solaredge Technologies Inc invested $23.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 78.3% from the prior year.
SEDG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $346.2M+11.5% | $310.5M-7.4% | $335.4M-1.4% | $340.2M+17.5% | $289.4M+31.9% | $219.5M+11.9% | $196.2M-16.7% | $235.4M |
| Cost of Revenue | $251.1M+3.7% | $242.2M-7.2% | $260.9M-2.7% | $268.0M+4.2% | $257.3M+27.4% | $201.9M-34.5% | $308.5M-68.0% | $963.2M |
| Gross Profit | $95.2M+39.4% | $68.3M-8.3% | $74.5M+3.2% | $72.1M+124.5% | $32.1M+83.2% | $17.5M+115.6% | -$112.3M+84.6% | -$727.8M |
| R&D Expenses | $52.8M+5.2% | $50.2M-3.0% | $51.7M-4.5% | $54.1M+1.4% | $53.4M-13.9% | $62.0M-0.4% | $62.2M-11.6% | $70.4M |
| SG&A Expenses | $24.5M-32.6% | $36.4M+48.7% | $24.5M-7.8% | $26.6M+34.3% | $19.8M-34.4% | $30.2M-17.0% | $36.4M-11.7% | $41.2M |
| Operating Income | -$16.0M+70.8% | -$55.0M-13.9% | -$48.3M-37.4% | -$35.1M+69.6% | -$115.5M-12.4% | -$102.7M+61.0% | -$263.7M+76.3% | -$1.1B |
| Income Tax | $2.3M+81.1% | $1.3M+328.0% | -$564K-122.0% | $2.6M-54.7% | $5.7M-1.2% | $5.7M-48.1% | $11.0M-90.9% | $121.1M |
| Net Income | -$30.8M+46.4% | -$57.4M+56.6% | -$132.1M-163.9% | -$50.1M+59.9% | -$124.7M-26.6% | -$98.5M+65.7% | -$287.4M+76.6% | -$1.2B |
| EPS (Diluted) | -$0.50+47.4% | -$0.95+57.2% | -$2.22-164.3% | -$0.84+60.6% | -$2.13-25.3% | -$1.70+68.6% | -$5.42+74.9% | -$21.58 |
Not reported in any period shown, so not listed: Interest Expense.
SEDG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.3B+1.9% | $2.3B+3.6% | $2.2B-2.2% | $2.2B-10.4% | $2.5B-1.4% | $2.5B-4.6% | $2.6B-6.0% | $2.8B |
| Current Assets | $1.9B+2.8% | $1.8B+4.4% | $1.7B-1.6% | $1.8B-10.4% | $2.0B-0.9% | $2.0B-3.0% | $2.1B-3.2% | $2.1B |
| Cash & Equivalents | $527.3M+2.9% | $512.4M+12.6% | $455.1M+3.5% | $439.5M-19.4% | $545.2M+35.8% | $401.4M+46.2% | $274.6M-9.6% | $303.9M |
| Inventory | $599.8M+0.5% | $596.8M+8.0% | $552.6M+4.1% | $530.8M+0.3% | $529.3M-16.9% | $636.6M-1.4% | $645.9M-19.1% | $798.4M |
| Accounts Receivable | $211.9M-4.9% | $222.7M-16.7% | $267.4M-6.6% | $286.3M+31.9% | $217.1M+63.8% | $132.6M-17.4% | $160.4M-33.0% | $239.4M |
| Goodwill | $49.8M0.0% | $49.9M-0.5% | $50.1M-0.8% | $50.5M-1.6% | $51.3M+5.6% | $48.6M+0.5% | $48.4M-6.7% | $51.9M |
| Total Liabilities | $1.9B+2.3% | $1.8B+5.4% | $1.8B+0.1% | $1.8B-11.4% | $2.0B+2.4% | $1.9B-2.9% | $2.0B+5.4% | $1.9B |
| Current Liabilities | $920.3M+2.6% | $897.3M+11.7% | $803.5M+3.7% | $774.8M-23.8% | $1.0B+4.3% | $974.4M-7.8% | $1.1B+17.0% | $903.8M |
| Total Equity | $412.1M+0.3% | $410.7M-3.9% | $427.5M-10.9% | $479.8M-6.5% | $513.2M-13.6% | $594.2M-9.7% | $658.3M-29.3% | $930.9M |
| Retained Earnings | -$1.5B-2.1% | -$1.5B-4.0% | -$1.4B-10.2% | -$1.3B-4.0% | -$1.3B-11.1% | -$1.1B-9.6% | -$1.0B-38.8% | -$740.8M |
Not reported in any period shown, so not listed: Long-Term Debt.
SEDG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.4M-53.3% | $24.4M-53.6% | $52.6M+105.5% | $25.6M+428.3% | -$7.8M-123.1% | $33.8M-10.5% | $37.8M+142.3% | -$89.3M |
| Capital Expenditures | $8.3M+123.8% | $3.7M-60.2% | $9.3M+230.8% | $2.8M+123.6% | $1.3M-87.6% | $10.1M-17.5% | $12.3M-74.1% | $47.4M |
| Free Cash Flow | $3.1M-84.9% | $20.7M-52.2% | $43.3M+90.1% | $22.8M+351.8% | -$9.1M-138.2% | $23.7M-7.2% | $25.5M+118.7% | -$136.7M |
| Investing Cash Flow | $1.9M+109.3% | -$20.4M-352.3% | $8.1M-96.6% | $235.6M+243.5% | $68.6M+1.5% | $67.6M-6.2% | $72.1M-28.6% | $101.0M |
| Financing Cash Flow | $8.8M+342.3% | $2.0M+207.3% | $647K+100.2% | -$342.9M-91837.5% | -$373K+94.0% | -$6.2M-2336.3% | -$256K-100.8% | $30.8M |
| Share Buybacks | N/A | N/A | $0 | $0 | $0 | $0-100.0% | -$121K-59.7% | $300K |
Not reported in any period shown, so not listed: Dividends Paid.
SEDG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.5%+5.5pp | 22.0%-0.2pp | 22.2%+1.0pp | 21.2%+10.1pp | 11.1%+3.1pp | 8.0%+65.2pp | -57.2% | -309.1% |
| Operating Margin | -4.6%+13.1pp | -17.7%-3.3pp | -14.4%-4.1pp | -10.3%+29.6pp | -39.9%+6.9pp | -46.8% | -134.4% | -471.8% |
| Net Margin | -8.9%+9.6pp | -18.5%+20.9pp | -39.4%-24.7pp | -14.7%+28.4pp | -43.1%+1.8pp | -44.9% | -146.5% | -522.8% |
| Return on Equity | -7.5%+6.5pp | -14.0%+16.9pp | -30.9%-20.5pp | -10.4%+13.9pp | -24.3%-7.7pp | -16.6%+27.1pp | -43.7%+88.6pp | -132.2% |
| Return on Assets | -1.3%+1.2pp | -2.5%+3.5pp | -6.0%-3.8pp | -2.2%+2.8pp | -5.0%-1.1pp | -3.9%+7.0pp | -10.9%+32.8pp | -43.7% |
| Current Ratio | 2.030.0x | 2.02-0.1x | 2.17-0.1x | 2.28+0.3x | 1.94-0.1x | 2.04+0.1x | 1.94-0.4x | 2.34 |
| Debt-to-Equity | 4.59+0.1x | 4.50+0.4x | 4.11+0.5x | 3.65-0.2x | 3.85+0.6x | 3.25+0.2x | 3.02+1.0x | 2.03 |
| FCF Margin | 0.9%-5.8pp | 6.7%-6.2pp | 12.9%+6.2pp | 6.7%+9.8pp | -3.1%-13.9pp | 10.8%-2.2pp | 13.0%+71.1pp | -58.1% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin.
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Where Solaredge Technologies Inc Ranks
Frequently Asked Questions
What is Solaredge Technologies Inc's annual revenue?
Solaredge Technologies Inc (SEDG) reported $1.2B in total revenue for fiscal year 2025. This represents a 31.4% 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 grew by 31.4% year-over-year, from $901.5M to $1.2B in fiscal year 2025.
Is Solaredge Technologies Inc profitable?
No, Solaredge Technologies Inc (SEDG) reported a net income of -$405.4M in fiscal year 2025, with a net profit margin of -34.2%.
What is Solaredge Technologies Inc's EBITDA?
Solaredge Technologies Inc (SEDG) had EBITDA of -$271.2M in fiscal year 2025, 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 16.6% in fiscal year 2025, 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 -25.5% in fiscal year 2025, 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 -34.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Solaredge Technologies Inc's return on equity (ROE)?
Solaredge Technologies Inc (SEDG) has a return on equity of -94.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Solaredge Technologies Inc's free cash flow?
Solaredge Technologies Inc (SEDG) generated $80.8M in free cash flow during fiscal year 2025. This represents a 119.2% 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 $104.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Solaredge Technologies Inc's total assets?
Solaredge Technologies Inc (SEDG) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Solaredge Technologies Inc's capital expenditures?
Solaredge Technologies Inc (SEDG) invested $23.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Solaredge Technologies Inc spend on research and development?
Solaredge Technologies Inc (SEDG) invested $221.3M in research and development during fiscal year 2025.
What is Solaredge Technologies Inc's current ratio?
Solaredge Technologies Inc (SEDG) had a current ratio of 2.17 as of fiscal year 2025, 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 4.11 as of fiscal year 2025, 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 -18.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Solaredge Technologies Inc's Altman Z-Score?
Solaredge Technologies Inc (SEDG) has an Altman Z-Score of 0.34, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Solaredge Technologies Inc's Piotroski F-Score?
Solaredge Technologies Inc (SEDG) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $405.4M while generating $104.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $301.7M against $1.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 19 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.