ORA
$89.31-0.26%
ORA financial statements
The full income statement, balance sheet, and cash-flow statement for Ormat Technologies Inc. (ORA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 60.5M2024-09 60.5M2024-12 60.5M2025-03 60.7M2025-06 60.7M2025-09 60.8M2025-12 60.8M2026-03 61.5M2026-06 61.5M+1.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 990M+12.5% | 880M+6.1% | 829M+13.0% | 734M+10.7% | 663M-6.0% | |
| 273M+0.0% | 273M+3.3% | 264M-1.8% | 269M+1.7% | 264M-4.3% | ||
| Cost of revenue | 717M+18.1% | 607M+7.4% | 565M+21.5% | 465M+16.7% | 399M-7.1% | |
| Research & development | 6.30M-3.0% | 6.50M-9.9% | 7.21M+42.1% | 5.08M+23.0% | 4.13M-23.5% | |
| Selling, general & administrative | 79.6M-0.7% | 80.1M+17.5% | 68.2M+11.3% | 61.3M-19.3% | 75.9M+26.0% | |
| General & administrative | 79.6M-0.7% | 80.1M+17.5% | 68.2M+11.3% | 61.3M-19.3% | 75.9M+26.0% | |
| Selling & marketing | 18.9M+6.8% | 17.7M-3.3% | 18.3M+13.0% | 16.2M+6.5% | 15.2M-12.6% | |
| Amortization of intangibles | 25.4M-8.6% | 27.8M+3.7% | 26.8M-1.5% | 27.2M+25.3% | 21.7M+50.7% | |
| Provision for credit losses | 84.0K-37.3% | 134K | 0.00 | — | — | |
| Operating income | 169M-1.9% | 172M+3.5% | 167M+9.0% | 153M-9.8% | 169M-20.9% | |
| Interest expense | 142M+5.8% | 134M+35.5% | 98.9M+12.7% | 87.7M+6.2% | 82.7M+6.0% | |
| Interest & investment income | 6.01M-23.7% | 7.88M-34.2% | 12.0M+250.7% | 3.42M+60.9% | 2.12M+23.7% | |
| Other non-operating income | 385K+104.8% | 188K-87.6% | 1.52M+314.2% | -709K-429.1% | -134K-109.4% | |
| Equity-method income | 960K+325.9% | -425K-1314.3% | 35.0K+101.1% | -3.07M-17.1% | -2.62M-2952.2% | |
| Pre-tax income | 106M-8.3% | 115M-17.0% | 139M+45.5% | 95.6M-7.7% | 104M-38.6% | |
| Income tax | -20.3M-24.5% | -16.3M-372.3% | 5.98M-59.4% | 14.7M-40.7% | 24.9M-62.9% | |
| 124M+0.1% | 124M-0.5% | 124M+88.9% | 65.8M+6.0% | 62.1M-27.3% | ||
| Net income to non-controlling interest | 3.09M-58.8% | 7.51M-14.1% | 8.74M-26.9% | 12.0M-14.5% | 14.0M-14.5% | |
| $2.02-1.0% | $2.04-1.9% | $2.08+77.8% | $1.17+6.4% | $1.10-33.3% | ||
| EPS (basic) | $2.04-0.5% | $2.05-1.9% | $2.09+78.6% | $1.17+5.4% | $1.11-33.1% | |
| Weighted-avg shares (basic) | 60.7M+0.4% | 60.5M+1.7% | 59.4M+6.0% | 56.1M+0.1% | 56.0M+8.6% | |
| Weighted-avg shares (diluted) | 61.4M+0.9% | 60.8M+1.7% | 59.8M+5.8% | 56.5M+0.2% | 56.4M+8.6% | |
| Dividends per share | $0.48+0.0% | $0.48+0.0% | $0.48+0.0% | $0.48+0.0% | $0.48+9.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 598M+9.3% | 547M-15.3% | 646M+41.4% | 457M-24.1% | 602M-22.7% | ||
| Cash & equivalents | 147M+56.2% | 94.4M-51.8% | 196M+104.2% | 95.9M-59.9% | 239M-46.6% | |
| Accounts receivable | 165M+0.4% | 164M-21.4% | 209M+62.0% | 129M+4.8% | 123M-17.6% | |
| Inventory | 45.3M+18.8% | 38.1M-15.4% | 45.0M+97.3% | 22.8M-19.7% | 28.4M-19.5% | |
| Prepaid expenses | 40.1M-32.2% | 59.2M+42.3% | 41.6M+40.7% | 29.6M-17.7% | 35.9M+133.9% | |
| 6.25B+10.2% | 5.67B+8.8% | 5.21B+12.9% | 4.61B+4.2% | 4.43B+13.8% | ||
| Property, plant & equipment | 3.67B+4.9% | 3.50B+16.8% | 3.00B+20.3% | 2.49B+8.6% | 2.29B+9.3% | |
| Operating lease right-of-use | 41.8M+30.0% | 32.1M+33.5% | 24.1M+2.8% | 23.4M+20.9% | 19.4M+18.4% | |
| Goodwill | 168M+11.4% | 151M+66.8% | 90.5M+0.2% | 90.3M+0.4% | 90.0M+266.2% | |
| Intangible assets | 275M-9.0% | 302M-1.9% | 308M-7.9% | 334M-8.1% | 363M+86.9% | |
| Deferred tax assets | 139M-9.8% | 154M+0.9% | 153M-5.5% | 161M+12.5% | 143M+20.2% | |
| 738M+23.5% | 598M+11.4% | 537M+56.1% | 344M-36.8% | 544M+118.8% | ||
| Accounts payable | 124M-0.6% | 125M-11.4% | 141M+81.4% | 77.6M+3.2% | 75.2M-0.8% | |
| Accrued liabilities | 235M+0.2% | 234M+9.2% | 215M+43.6% | 149M+4.4% | 143M-6.3% | |
| Deferred revenue | 13.2M-43.0% | 23.1M+23.7% | 18.7M+112.5% | 8.79M-5.0% | 9.25M-17.3% | |
| Short-term & current debt | — | — | — | 0.00 | — | |
| Current lease liability | 4.76M+31.1% | 3.63M+9.1% | 3.33M+41.8% | 2.35M-8.5% | 2.56M-12.3% | |
| Finance lease liability (current) | 1.88M+37.0% | 1.38M+4.7% | 1.31M-17.0% | 1.58M-43.2% | 2.78M-12.2% | |
| 3.56B+14.5% | 3.11B+12.7% | 2.76B+6.8% | 2.58B+6.7% | 2.42B+24.8% | ||
| Long-term debt | 2.66B+13.5% | 2.34B+17.9% | 1.99B-3.1% | 2.05B+6.6% | 1.93B+30.6% | |
| Non-current lease liability | 29.8M+32.1% | 22.5M+13.8% | 19.8M+0.0% | 19.8M+20.2% | 16.5M+27.6% | |
| Operating lease liability (total) | 34.5M+32.0% | 26.2M+13.1% | 23.1M+4.4% | 22.1M+16.3% | 19.0M+20.3% | |
| Finance lease liability (total) | 4.53M+55.9% | 2.90M-18.2% | 3.55M-7.6% | 3.84M-46.2% | 7.14M-41.8% | |
| Finance lease liability | 2.85M+86.4% | 1.53M-31.7% | 2.24M-1.1% | 2.26M-48.1% | 4.36M-52.1% | |
| Deferred tax liabilities | 68.7M+0.1% | 68.6M+2.8% | 66.7M-20.0% | 83.5M-1.4% | 84.7M-3.8% | |
| Other non-current liabilities | 33.6M+14.9% | 29.3M+32.4% | 22.1M+566.5% | 3.32M-33.0% | 4.95M-20.6% | |
| 2.54B+4.9% | 2.43B+4.7% | 2.32B+24.0% | 1.87B+0.7% | 1.85B+2.7% | ||
| Common stock | 61.0K+0.0% | 61.0K+1.7% | 60.0K+7.1% | 56.0K+0.0% | 56.0K+0.0% | |
| Additional paid-in capital | 1.65B+1.2% | 1.64B+1.3% | 1.61B+28.3% | 1.26B-1.0% | 1.27B+0.8% | |
| Retained earnings | 909M+11.6% | 815M+13.1% | 720M+15.4% | 624M+6.6% | 585M+6.4% | |
| Treasury stock | 18.0M+0.0% | 18.0M+0.0% | 18.0M+0.0% | 18.0M | 0.00 | |
| Accumulated other comprehensive income | -2.13M+68.3% | -6.73M-405.3% | -1.33M-153.3% | 2.50M+214.1% | -2.19M+66.9% | |
| Non-controlling interest | 137M+8.8% | 126M+0.2% | 126M-18.2% | 153M+6.9% | 143M+5.9% | |
| Total equity incl. non-controlling | 2.68B+5.1% | 2.55B+4.5% | 2.44B+20.8% | 2.02B+1.1% | 2.00B+2.9% | |
| Total liabilities & equity | 6.25B+10.2% | 5.67B+8.8% | 5.21B+12.9% | 4.61B+4.2% | 4.43B+13.8% | |
| Common shares issued | 61.1M+0.4% | 60.8M+0.6% | 60.5M+7.9% | 56.1M+0.1% | 56.1M+0.1% | |
| Common shares outstanding | 60.8M+0.6% | 60.5M+0.2% | 60.4M+7.6% | 56.1M+0.1% | 56.1M+0.1% | |
| Shares outstanding (cover) | 60.8M+0.6% | 60.5M+0.2% | 60.4M+7.6% | 56.1M+0.1% | 56.1M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 335M-18.5% | 411M+32.8% | 309M+10.1% | 281M+8.6% | 259M-2.3% | ||
| Depreciation & amortization | 292M+11.1% | 263M+16.9% | 225M+13.1% | 199M+8.6% | 183M+16.8% | |
| Intangible amortization | 25.4M-8.6% | 27.8M+3.7% | 26.8M-1.5% | 27.2M+25.3% | 21.7M+50.7% | |
| Share-based compensation | 19.4M-4.0% | 20.2M+30.5% | 15.5M+32.9% | 11.6M+27.0% | 9.17M-6.7% | |
| Deferred income taxes | -43.2M-5.8% | -40.8M-44.4% | -28.3M-61.5% | -17.5M-2608.4% | -646K-112.8% | |
| Change in inventory | 7.18M+203.3% | -6.95M-131.3% | 22.2M+495.6% | -5.61M-36.0% | -4.13M-2218.5% | |
| Other operating activities | — | — | — | — | 0.00 | |
| -726M+6.9% | -780M-24.2% | -628M-20.0% | -523M+18.0% | -638M-65.3% | ||
| Capital expenditure | 620M+27.1% | 488M-21.1% | 618M+9.7% | 563M+34.4% | 419M+30.7% | |
| Free cash flow | -285M-270.9% | -76.8M+75.2% | -309M-9.4% | -283M-76.1% | -160M-187.9% | |
| Acquisitions | 88.7M-67.7% | 275M | 0.00 | 0.00-100.0% | 171M+294.0% | |
| Sales/maturities of investments | — | 0.00 | 0.00-100.0% | 32.6M+100.6% | 16.3M | |
| Other investing activities | — | — | 0.00 | 0.00-100.0% | 911K-85.8% | |
| 466M+61.8% | 288M-24.2% | 380M+200.9% | 126M-32.3% | 186M-63.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 265M+26.8% | 209M+1.1% | 207M | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00-100.0% | 342M | 0.00-100.0% | 311K-99.9% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 18.0M | 0.00 | |
| Dividends paid | 29.1M-0.1% | 29.1M+2.5% | 28.4M+4.7% | 27.1M+0.6% | 27.0M+20.1% | |
| FX effect on cash | — | — | — | — | -348K-130.2% | |
| Net change in cash | 75.1M+191.6% | -82.0M-234.2% | 61.1M+152.3% | -117M+39.6% | -193M-150.4% | |
| Interest paid | 112M+8.9% | 103M+42.0% | 72.2M+4.5% | 69.1M+3.8% | 66.6M+9.5% | |
| Income taxes paid | 9.85M-62.4% | 26.2M-0.3% | 26.3M-9.5% | 29.0M-15.6% | 34.4M-47.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.72B+64.1% | 4.10B-10.4% | 4.57B-5.6% | 4.85B+9.0% | 4.45B-12.0% | |
| P/E | 54.3×+63.8% | 33.1×-22.8% | 42.9×-41.0% | 72.7×+1.5% | 71.6×+21.0% | |
| P/S | 6.8×+45.8% | 4.7×-19.2% | 5.8×-14.4% | 6.7×+0.5% | 6.7×-6.4% | |
| P/B | 2.6×+56.4% | 1.7×-15.8% | 2.0×-23.5% | 2.6×+9.5% | 2.4×-14.4% | |
| Earnings yield | 1.8%-39.0% | 3.0%+29.5% | 2.3%+69.5% | 1.4%-1.5% | 1.4%-17.4% | |
| Dividend yield | 0.43%-38.7% | 0.71%+11.9% | 0.63%+14.1% | 0.56%-8.3% | 0.61%+24.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ORA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ORA filings on SEC EDGAR → Not investment advice.