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    Solaredge Technologies Inc (SEDG)

    Financials

    Updated May 8, 2025, 7:20 PM UTC
    Income Statement - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Revenues (USD, thousands)316,044.002,976,528204,399265,405260,903170,749.00901,456219,480
    Cost of revenues (USD, thousands)372,469.002,272,705230,586276,374963,229308,471.001,778,660201,944
    Gross profit (loss) (USD, thousands)(56,425.00)703,823(26,187)(10,969)(702,326)(137,722.00)(877,204)17,536
    Operating expenses (USD, thousands)181,156.00663,618147,518149,213382,940151,413.00831,084120,262
    Research and development expense (USD, thousands)75,001.00321,48275,35169,27670,37262,238.00277,23761,997
    Sales and marketing expense (USD, thousands)38,779.00164,31838,91139,97837,42730,549.00146,86531,657
    General and administrative expense (USD, thousands)34,628.00146,50430,86539,00841,21236,370.00147,45530,183
    Other operating expense (income), net (USD, thousands)-31,3142,391951233,92922,256.00259,527(3,575)
    Operating income (loss) (USD, thousands)(237,581.00)40,205(173,705)(160,182)(1,085,266)(289,135.00)(1,708,288)(102,726)
    Financial income (expense), net (USD, thousands)22,055.0041,212(7,064)(865)5,558(12,199.00)(14,570)10,068
    Other income (loss), net (USD, thousands)-(318)-18,551(3,928)-14,547148
    Income (loss) before income taxes (USD, thousands)(215,235.00)81,099(180,769)(142,496)(1,083,636)(301,410.00)(1,708,311)(92,510)
    Income taxes (USD, thousands)(53,202.00)46,42023,75412,245(121,108)(11,041.00)(96,150)(5,726)
    Net loss from equity method investments (USD, thousands)-350(296)(567)(577)(456.00)(1,896)(287)
    Net income (loss) (USD, thousands)(162,383.00)34,329(157,311)(130,818)(1,205,321)(312,907.00)(1,806,357)(98,523)
    Net basic earnings (loss) per share (USD)(2.89)0.61(2.75)(2.31)(21.13)(5.45)(31.64)(1.70)
    Net diluted earnings (loss) per share (USD)(2.70)0.60(2.75)(2.31)(21.13)(5.45)(31.64)(1.70)
    Weighted average shares used in computing net basic earnings (loss) per share (shares)(112,745,524.00)56,557,10657,140,12656,687,00657,029,983(113,774,933.00)57,082,18257,467,946
    Weighted average shares used in computing net diluted earnings (loss) per share (shares)(117,811,483.00)57,237,51857,140,12656,687,00657,029,983(113,774,933.00)57,082,18257,467,946
    Balance Sheet - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents [USD, thousands]338,468338,468214,229259,498303,904274,611274,611401,364
    Restricted cash [USD, thousands]-----135,328135,328104,459
    Marketable securities, current [USD, thousands]521,570521,570466,407430,333374,869311,279311,279250,267
    Trade receivables, net [USD, thousands]622,425622,425404,390295,590239,408160,423160,423132,577
    Inventories, net [USD, thousands]1,443,4491,443,4491,549,1221,505,101798,383645,897645,897636,597
    Prepaid expenses and other current assets [USD, thousands]378,394378,394354,919402,673401,551523,027523,027464,419
    Total current assets [USD, thousands]3,304,3063,304,3062,989,0672,893,1952,118,1152,050,5652,050,5651,989,683
    Marketable securities, long-term [USD, thousands]407,825407,825268,203120,26056,04142,59742,59734,051
    Property, plant and equipment, net [USD, thousands]614,579614,579605,223595,623423,905343,438343,438339,824
    Operating lease right-of-use assets, net [USD, thousands]64,16764,16759,47453,51043,08841,39341,39348,639
    Intangible assets, net [USD, thousands]35,34535,34533,03736,79011,169--8,874
    Goodwill [USD, thousands]42,99642,99641,47052,04251,875--48,626
    Loan receivables, net [USD, thousands]57,85657,85661,480--45,67845,6780
    Other long-term assets [USD, thousands]37,60137,60147,78465,046112,20164,73664,73655,476
    Total long-term assets [USD, thousands]1,283,4251,283,4251,177,7551,055,019698,279595,888595,888535,490
    Total assets [USD, thousands]4,587,7314,587,7314,166,8223,948,2142,816,3942,646,4532,646,4532,525,173
    Trade payables, net [USD, thousands]386,471386,471171,412134,42194,730107,543107,543135,435
    Employees and payroll accruals [USD, thousands]76,96676,96673,66667,81070,12076,29276,29276,360
    Warranty obligations, current [USD, thousands]183,047183,047181,333169,214163,561140,249140,249125,172
    Deferred revenues and customers advances, current [USD, thousands]40,83640,83636,08128,45727,367140,870140,87076,491
    Accrued expenses and other current liabilities [USD, thousands]205,911205,911196,398166,922202,134246,078246,078219,496
    Convertible senior notes, net, current [USD, thousands]----345,900346,305346,305341,472
    Total current liabilities [USD, thousands]893,231893,231658,890566,824903,8121,057,3371,057,337974,426
    Convertible senior notes, net, long-term [USD, thousands]627,381627,381628,115638,703329,614330,006330,006330,389
    Warranty obligations, long-term [USD, thousands]335,197335,197321,166321,618315,343292,116292,116287,530
    Deferred revenues, long-term [USD, thousands]214,607214,607218,535222,557226,770231,049231,049243,649
    Finance lease liabilities [USD, thousands]45,14545,14543,88739,24439,19739,15939,15937,862
    Operating lease liabilities [USD, thousands]62,77462,77457,50736,83831,29330,01830,01833,325
    Other long-term liabilities [USD, thousands]18,44418,44417,95316,24113,9998,4268,42623,779
    Total long-term liabilities [USD, thousands]1,282,5911,282,5911,267,3811,275,201956,216930,774930,774956,534
    Common stock of $0.0001 par value [USD, thousands]66666666
    Additional paid-in capital [USD, thousands]1,680,6221,680,6221,719,5231,744,4111,779,2121,813,1981,813,1981,845,719
    Treasury stock, at cost [USD, thousands]--(33,222)(50,315)(50,315)(50,194)(50,194)(50,194)
    Accumulated other comprehensive loss [USD, thousands](46,885)(46,885)(66,611)(77,950)(57,253)(76,477)(76,477)(74,604)
    Accumulated deficit [USD, thousands]-------(1,126,714)
    Total stockholders’ equity [USD, thousands]2,411,9092,411,9092,240,5512,106,189956,366658,342658,342594,213
    Total liabilities and stockholders’ equity [USD, thousands]4,587,7314,587,7314,166,8223,948,2142,816,3942,646,4532,646,4532,525,173
    Cash Flow - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income (loss) (USD, thousands)(162,383.00)34,329(157,311)(130,818.00)--(1,806,357)(98,523)
    Depreciation and amortization (USD, thousands)15,177.0057,19614,98815,442.00--59,86512,001
    Stock-based compensation expenses (USD, thousands)34,930.00149,94537,60638,571.00--137,25131,426
    Deferred income taxes, net (USD, thousands)(24,872.00)(43,071)(41,847)(8,996.00)--79,209(1,029)
    Loss (gain) from exchange rate fluctuations (USD, thousands)(18,708.00)(26,878)7,7992,700.00--11,918(2,930)
    Other items (Adjustments) (USD, thousands)1,249.008,1644,371(1,031.00)--8,0302,271
    Changes in assets and liabilities: Trade receivables, net (USD, thousands)336,440.00296,429210,376107,198.00--451,70729,247
    Changes in assets and liabilities: Inventories, net (USD, thousands)(253,053.00)(690,854)(105,810)47,046.00--67,79912,285
    Changes in assets and liabilities: Prepaid expenses and other assets (USD, thousands)(111,345.00)(91,523)42,164(39,678.00)--(122,484)100,361
    Changes in assets and liabilities: Operating lease right-of-use assets, net (USD, thousands)--5,2556,137.00--15,8053,659
    Changes in assets and liabilities: Trade payables, net (USD, thousands)(13,799.00)(67,795)(210,449)(35,163.00)--(285,505)30,275
    Changes in assets and liabilities: Warranty obligations (USD, thousands)2,227.00133,090(15,582)(11,596.00)--(85,541)(19,745)
    Changes in assets and liabilities: Deferred revenues and customers advances (USD, thousands)21,052.0039,632(523)(3,505.00)--119,519(51,970)
    Changes in assets and liabilities: Operating lease liabilities (USD, thousands)--(5,219)(5,823.00)--(15,829)(3,571)
    Changes in assets and liabilities: Accrued expenses and other liabilities, net (USD, thousands)(6,895.00)(30,986)(377)(12,261.00)--78,547(9,934)
    Net cash provided by (used in) operating activities (GAAP) (USD, thousands)(139,910.00)(180,113)(217,019)(44,772)(89,332)37,804.00(313,319)33,823
    Investment in available-for-sale marketable securities (USD, thousands)(81,880.00)(296,396)(129,221)(26,113.00)--(253,431)(72,465)
    Proceeds from maturities of available-for-sale marketable securities (USD, thousands)------719,454142,931
    Purchase of property, plant and equipment (USD, thousands)(40,499.00)(170,523)(26,347)(22,188.00)--(108,163)(10,109)
    Repayment related to governmental grant (USD, thousands)-------(6,643)
    Disbursements for loans receivables (USD, thousands)-(58,000)(7,500)(30,000.00)--(37,500)0
    Investment in privately-held companies (USD, thousands)0.00(8,000)(8,831)(16,819.00)--(25,664)0
    Proceeds from loans receivables (USD, thousands)--1,625---32,15013,653
    Other investing activities (USD, thousands)(211.00)2,982(323)(417.00)--(4,707)230
    Net cash provided by (used in) investing activities (USD, thousands)(80,707.00)(268,894)149,00894,216.00--416,28667,597
    Repurchase of common stock (USD, thousands)--(33,222)(16,793.00)--(50,194)0
    Repurchase of convertible debt (USD, thousands)-------(5,093)
    Other financing activities (USD, thousands)216.00226(517)(722.00)--(2,626)(1,144)
    Net cash provided by (used in) financing activities (USD, thousands)(651.00)(11,956)(50,987)303.00--(20,129)(6,237)
    Effect of exchange rate changes on cash, cash equivalents and restricted cash (USD, thousands)8,614.0016,319(5,241)(4,478.00)--(11,367)701
    Increase (decrease) in cash, cash equivalents and restricted cash (USD, thousands)(211,452.00)(460,963)(124,239)45,269.00--71,47195,884
    Supplemental disclosure of non-cash activities: Right-of-use asset recognized with corresponding lease liability (USD, thousands)419.0018,0771,085420.00--2,93110,881
    Supplemental disclosure of non-cash activities: Purchase of property, plant and equipment (USD, thousands)(13,251.00)6,3234,7601,208.00--5,7831,731
    Cash, cash equivalents and restricted cash, beginning of period (USD, thousands)---338,468338,468338,468338,468409,939
    Cash, cash equivalents and restricted cash, end of period (USD, thousands)---259,498303,904409,939409,939505,823