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SEDG

SolarEdge Technologies, Inc.

SEDG

SolarEdge Technologies, Inc. • NASDAQ
$36.55 ▲ 3.06% (+1.08)
Market Cap $2.19 B
52w High $48.60
52w Low $11.00
Dividend Yield 0%
P/E -3.8
Volume 1.73M
Outstanding Shares 59.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $340.177M ▲ $92.723M ▼ $-50.06M ▲ -14.716% ▲ $3.84 ▲ $-40.294M ▲
Q2-2025 $289.429M ▲ $147.624M ▲ $-124.744M ▼ -43.1% ▲ $-2.15 ▼ $-64.946M ▲
Q1-2025 $219.48M ▲ $120.262M ▼ $-98.523M ▲ -44.889% ▲ $-1.7 ▲ $-90.7M ▲
Q4-2024 $170.749M ▼ $151.413M ▼ $-312.907M ▲ -183.256% ▲ $-5 ▲ $-501.609M ▲
Q3-2024 $260.903M $382.94M $-1.205B -461.981% $-21.13 $-839.512M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $498.579M ▼ $2.232B ▼ $1.753B ▼ $479.76M ▼
Q2-2025 $757.994M ▲ $2.49B ▼ $1.977B ▲ $513.219M ▼
Q1-2025 $651.631M ▲ $2.525B ▼ $1.931B ▼ $594.213M ▼
Q4-2024 $585.89M ▼ $2.63B ▼ $1.972B ▲ $658.342M ▼
Q3-2024 $678.773M $2.816B $1.86B $956.366M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-50.06M ▲ $25.608M ▲ $235.594M ▲ $-342.927M ▼ $-85.51M ▼ $22.799M ▲
Q2-2025 $-124.744M ▼ $-7.799M ▼ $68.59M ▲ $-373K ▲ $66.683M ▼ $-9.055M ▼
Q1-2025 $-98.523M ▲ $33.823M ▲ $67.597M ▼ $-6.237M ▼ $95.884M ▼ $23.714M ▲
Q4-2024 $-312.907M ▲ $12.337M ▲ $97.531M ▲ $-256K ▼ $106.035M ▲ $79K ▲
Q3-2024 $-1.205B $-63.865M $75.531M $30.811M $44.406M $-111.235M

Revenue by Products

Product Q3-2023Q1-2024Q2-2024Q3-2024
All Other
All Other
 $60.00M ▲$0 ▼$0 ▲$0 ▲
Energy Storage
Energy Storage
 $0 ▲$20.00M ▲$20.00M ▲$100.00M ▲
Solar
Solar
 $680.00M ▲$200.00M ▼$240.00M ▲$860.00M ▲

Five-Year Company Overview

Income Statement

Income Statement SolarEdge’s income statement shows a very sharp reversal in 2024. After several years of growing sales and modest profitability, revenue dropped heavily and the company moved to a deep loss. Gross profit turned negative, which suggests severe pricing pressure, underutilized factories, or inventory write-downs. Operating and net income both swung from small profits to large losses, and earnings per share followed the same pattern. Overall, the business went from a reasonably healthy margin structure to one where current sales do not cover its cost base, which raises questions about how quickly demand, pricing, and internal costs can be stabilized.

Balance Sheet

Balance Sheet The balance sheet has weakened but is not broken. The company still holds a meaningful cash balance and a solid asset base, but both total assets and cash have declined from their recent peak. Debt levels have stayed fairly stable, while shareholder equity has fallen significantly because of the recent losses. This means the cushion protecting shareholders is thinner, and leverage is effectively higher, even if borrowings themselves have not risen much. The key issue going forward is whether the company can stop eroding equity and rebuild its capital base before financial flexibility becomes constrained.

Cash Flow

Cash Flow Cash generation has moved in the wrong direction. A few years ago, the business produced positive operating cash flow and modest free cash flow after investments. Over the last two years, cash from operations has turned negative, and free cash flow has been more clearly in the red, even though spending on equipment and facilities has not surged. In simple terms, the core business is currently consuming cash rather than generating it. This is manageable for a time given the existing cash reserves, but it is not sustainable indefinitely; a return to at least self-funding operations is an important watch point.

Competitive Edge

Competitive Edge Despite the recent financial pressure, SolarEdge still has a meaningful competitive position in solar electronics. Its DC-optimized architecture, safety features, and panel-level monitoring remain well-regarded by installers and system owners. The brand is established globally, and its broad installer network and integrated product ecosystem (inverters, optimizers, batteries, EV charging, and software) create switching costs for customers and partners. However, competition is intense—especially from rival architectures like microinverters and from lower-cost manufacturers—and the recent downturn and pricing pressure suggest that some of SolarEdge’s earlier pricing power has weakened. Its ability to defend share and margins while the solar cycle is soft will be critical to how strong its moat looks in a few years.

Innovation and R&D

Innovation and R&D Innovation is still a core strength. SolarEdge’s history of DC-optimized systems, SafeDC safety features, and high-efficiency inverter designs shows a strong engineering culture. The company is pushing deeper into full-home and commercial energy ecosystems with SolarEdge Home, SolarEdge ONE, and upcoming platforms like Nexus, as well as larger-scale offerings like TerraMax inverters and new optimizers for high-power panels. It is also investing in advanced components like Silicon Carbide and in improved software for energy management. Continued investment in R&D during a downturn can support long-term leadership but also weighs on near-term profits, so the payoff from these next-generation products and platforms is an important uncertainty for investors to monitor.

Summary

SolarEdge has moved from a period of growth and modest profitability into a sharp downturn, with much lower revenue, negative margins, and cash outflows. The balance sheet still provides some breathing room, but the decline in equity and cash underscores the need to restore healthier economics. Strategically, the company retains real strengths: differentiated technology, a broad and integrated product suite, established installer relationships, and a credible roadmap in residential, commercial, and utility-scale markets. The main questions are execution and timing: how quickly demand normalizes, how effectively SolarEdge can adjust costs and pricing, and whether its current wave of innovation will translate into renewed, sustainable profitability before financial flexibility tightens further.

NEWS

November 18, 2025 · 8:15 AM UTC

SolarEdge Marks Entry into Europe's Largest C&I Self-Consumption Market with Strong Uptake of Commercial Battery Solutions Across Germany

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November 5, 2025 · 7:30 AM UTC

SolarEdge and Infineon Collaborate to Advance High-Efficiency Power Infrastructure for AI Data Centers

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November 5, 2025 · 7:00 AM UTC

SolarEdge Announces Third Quarter 2025 Financial Results

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October 29, 2025 · 9:00 AM UTC

SolarEdge Surpasses 500 MWh of Storage in Virtual Power Plants Across 16 U.S. States, Canada and Puerto Rico

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October 24, 2025 · 8:00 AM UTC

SolarEdge to Announce Financial Results for the Third Quarter Ended September 30, 2025, on Wednesday, November 5, 2025

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