SEDG
$31.36-0.22%
SEDG financial statements
The full income statement, balance sheet, and cash-flow statement for SolarEdge Technologies Inc. (SEDG), 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 57.3M2024-09 58.0M2024-12 58.8M2025-03 59.0M2025-06 59.4M2025-09 59.8M2025-12 60.4M2026-03 60.8M2026-06 61.5M+7.4% 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 | 1.18B+31.4% | 901M-69.7% | 2.98B-4.3% | 3.11B+58.4% | 1.96B+34.6% | |
| 196M+122.4% | -877M-224.6% | 704M-16.7% | 845M+34.2% | 629M+36.4% | ||
| Cost of revenue | 988M-44.4% | 1.78B-21.7% | 2.27B+0.3% | 2.27B+69.8% | 1.33B+33.7% | |
| 498M-40.1% | 831M+25.2% | 664M-2.2% | 679M+60.7% | 422M+32.4% | ||
| Research & development | 221M-20.2% | 277M-13.8% | 321M+10.9% | 290M+32.0% | 220M+34.6% | |
| Selling, general & administrative | 101M-31.5% | 147M+0.6% | 147M+30.2% | 112M+36.9% | 82.2M+30.2% | |
| General & administrative | 101M-31.5% | 147M+0.6% | 147M+30.2% | 112M+36.9% | 82.2M+30.2% | |
| Selling & marketing | 117M-20.1% | 147M-10.6% | 164M+2.9% | 160M+34.2% | 119M+24.0% | |
| Amortization of intangibles | 2.86M-63.8% | 7.90M+3.2% | 7.65M-15.9% | 9.10M-10.6% | 10.2M+7.4% | |
| Provision for credit losses | -7.78M+77.0% | -33.8M-145.6% | -13.8M-1926.5% | -679K-578.2% | 142K-85.1% | |
| Operating income | -302M+82.3% | -1.71B-4348.9% | 40.2M-75.8% | 166M-19.8% | 207M+45.3% | |
| Interest expense | 1.38M+19.0% | 1.16M-8.9% | 1.27M-17.1% | 1.53M+152.9% | 605K-88.6% | |
| Interest & investment income | 10.8M-34.4% | 16.4M+119.2% | 7.49M+155.6% | 2.93M+272.1% | 788K+1076.1% | |
| Other non-operating income | -17.4M-219.8% | 14.5M+4674.5% | -318K-104.4% | 7.29M+7258.6% | 99.0K+100.5% | |
| Equity-method income | -960K+49.4% | -1.90M-441.7% | -350K | 0.00 | 0.00 | |
| Pre-tax income | -391M+77.1% | -1.71B-2206.5% | 81.1M-54.2% | 177M-5.4% | 187M+14.4% | |
| Income tax | 13.4M-86.1% | 96.2M+107.1% | 46.4M-44.3% | 83.4M+361.8% | 18.1M-22.7% | |
| -405M+77.6% | -1.81B-5361.9% | 34.3M-92.2% | 442M+161.1% | 169M+20.6% | ||
| Net income to non-controlling interest | — | — | — | — | 0.00 | |
| Net income to common | — | -1.81B-5361.9% | 34.3M-63.4% | 93.8M-44.6% | 169M+20.6% | |
| -$6.88+78.3% | -$31.64-5373.3% | $0.60-63.6% | $1.65-46.1% | $3.06+15.0% | ||
| EPS (basic) | -$6.88+78.3% | -$31.64-5286.9% | $0.61-64.1% | $1.70-47.5% | $3.24+16.1% | |
| Weighted-avg shares (basic) | 59.0M+3.3% | 57.1M+0.9% | 56.6M+2.7% | 55.1M+5.5% | 52.2M+4.0% | |
| Weighted-avg shares (diluted) | 59.0M+3.3% | 57.1M-0.3% | 57.2M-1.5% | 58.1M+3.8% | 56.0M+6.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.74B-15.2% | 2.05B-37.9% | 3.30B+14.0% | 2.90B+69.4% | 1.71B-0.5% | ||
| Cash & equivalents | 455M+65.7% | 275M-18.9% | 338M-56.8% | 783M+47.7% | 530M-35.9% | |
| Short-term investments | 38.1M-87.8% | 311M-40.3% | 522M+116.3% | 241M+43.8% | 168M+16.7% | |
| Accounts receivable | 267M+66.7% | 160M-74.2% | 622M-31.2% | 905M+98.3% | 456M+108.7% | |
| Inventory | 553M-14.4% | 646M-55.3% | 1.44B+97.9% | 729M+91.8% | 380M+14.6% | |
| Prepaid expenses | 342M-34.6% | 523M+38.2% | 378M+57.0% | 241M+36.2% | 177M-10.7% | |
| 2.18B-17.5% | 2.65B-42.3% | 4.59B+7.5% | 4.27B+47.1% | 2.90B+19.0% | ||
| Property, plant & equipment | 269M-21.6% | 343M-44.1% | 615M+13.0% | 544M+32.6% | 410M+35.3% | |
| Operating lease right-of-use | 48.2M+16.4% | 41.4M-35.5% | 64.2M+2.3% | 62.8M+33.1% | 47.1M+13.3% | |
| Goodwill | 50.1M+3.6% | 48.4M+12.5% | 43.0M+37.9% | 31.2M-75.9% | 130M-7.7% | |
| Intangible assets | 7.13M-26.2% | 9.67M-72.7% | 35.3M+77.4% | 19.9M-66.1% | 58.9M-13.2% | |
| Long-term investments | 0.00-100.0% | 42.6M-89.6% | 408M-36.8% | 645M+33.9% | 482M+227.1% | |
| Deferred tax assets | — | 0.00-100.0% | 80.9M+83.3% | 44.2M+60.1% | 27.6M+136.1% | |
| Other non-current assets | 67.6M+4.4% | 64.7M+84.1% | 35.2M+87.0% | 18.8M-44.5% | 33.9M+532.5% | |
| Total non-current assets | 442M-25.8% | 596M-53.6% | 1.28B-6.1% | 1.37B+14.8% | 1.19B+65.7% | |
| 803M-24.0% | 1.06B+18.4% | 893M+0.4% | 890M+69.4% | 525M+20.4% | ||
| Accounts payable | 272M+152.9% | 108M-72.2% | 386M-16.0% | 460M+82.4% | 252M+55.5% | |
| Accrued liabilities | 211M+26.7% | 167M+17.3% | 142M+20.8% | 118M+105.8% | 57.2M+19.7% | |
| Deferred revenue | 70.4M-50.0% | 141M+245.0% | 40.8M+53.3% | 26.6M+49.8% | 17.8M-27.8% | |
| Current lease liability | — | 11.9M-33.0% | 17.7M+9.4% | 16.2M | — | |
| Other current liabilities | 5.34M+40.8% | 3.79M-35.8% | 5.91M+116.8% | 2.72M-97.5% | 109M-11.1% | |
| Finance lease liability (current) | — | 3.38M+4.0% | 3.25M-0.3% | 3.26M | — | |
| Deferred revenue (non-current) | 293M+27.0% | 231M+7.7% | 215M+14.8% | 187M+23.3% | 152M+31.4% | |
| Non-current lease liability | 36.6M+22.1% | 30.0M-33.4% | 45.1M-2.6% | 46.3M+18.9% | 38.9M+10.6% | |
| Finance lease liability | 18.6M-52.6% | 39.2M-6.5% | 41.9M-7.7% | 45.4M+12.0% | 40.5M+54.8% | |
| Other non-current liabilities | 2.58M-69.4% | 8.43M-54.3% | 18.4M+17.1% | 15.8M-19.4% | 19.5M-14.2% | |
| Total non-current liabilities | 951M+2.2% | 931M-27.4% | 1.28B+6.9% | 1.20B+12.6% | 1.07B+16.4% | |
| 427M-35.1% | 658M-72.7% | 2.41B+10.8% | 2.18B+66.1% | 1.31B+20.7% | ||
| Common stock | 6.00K+0.0% | 6.00K+0.0% | 6.00K+0.0% | 6.00K+20.0% | 5.00K+0.0% | |
| Additional paid-in capital | 1.87B+3.3% | 1.81B+7.9% | 1.68B+11.6% | 1.51B+119.1% | 687M+13.8% | |
| Retained earnings | -1.43B-39.4% | -1.03B-232.1% | 778M+4.6% | 744M+14.4% | 650M+36.0% | |
| Treasury stock | 0.00-100.0% | 50.2M | 0.00 | — | — | |
| Accumulated other comprehensive income | -11.7M+84.7% | -76.5M-63.1% | -46.9M+35.9% | -73.1M-167.6% | -27.3M-808.3% | |
| Total equity incl. non-controlling | — | — | — | — | 1.31B+20.7% | |
| Total liabilities & equity | 2.18B-17.5% | 2.65B-42.3% | 4.59B+7.5% | 4.27B+47.1% | 2.90B+19.0% | |
| Common shares issued | 60.4M+2.7% | 58.8M+2.9% | 57.1M+1.8% | 56.1M+6.3% | 52.8M+2.4% | |
| Common shares outstanding | 60.4M+4.0% | 58.0M+1.6% | 57.1M+1.8% | 56.1M+6.3% | 52.8M+2.4% | |
| Shares outstanding (cover) | 60.4M+2.7% | 58.8M+2.9% | 57.1M+1.7% | 56.1M+6.3% | 52.8M+2.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 104M+133.3% | -313M-74.0% | -180M-675.7% | 31.3M-85.4% | 214M-3.8% | ||
| Depreciation & amortization | 30.5M-49.0% | 59.9M+4.7% | 57.2M+15.1% | 49.7M+25.7% | 39.5M+24.2% | |
| Intangible amortization | 2.86M-63.8% | 7.90M+3.2% | 7.65M-15.9% | 9.10M-10.6% | 10.2M+7.4% | |
| Share-based compensation | 92.5M-32.6% | 137M-8.5% | 150M+3.0% | 146M+41.9% | 103M+52.4% | |
| Deferred income taxes | -761K-101.0% | 79.2M+283.9% | -43.1M-289.6% | -11.1M+5.0% | -11.6M-238.9% | |
| Change in receivables | 106M+123.4% | -452M-52.4% | -296M-164.8% | 458M+84.7% | 248M+386.3% | |
| Change in inventory | -97.2M-43.4% | -67.8M-109.2% | 737M+109.9% | 351M+715.9% | 43.1M-71.2% | |
| Change in payables | 165M+140.6% | -406M-599.0% | -58.1M-129.9% | 195M+112.1% | 91.7M+2651.5% | |
| 380M-8.7% | 416M+254.8% | -269M+35.5% | -417M+13.9% | -484M-104.6% | ||
| Capital expenditure | 23.5M-78.3% | 108M-36.6% | 171M+0.7% | 169M+13.5% | 149M+17.7% | |
| Free cash flow | 80.8M+119.2% | -421M-20.2% | -351M-154.0% | -138M-312.8% | 64.9M-32.3% | |
| Acquisitions | 0.00-100.0% | 10.4M-37.4% | 16.7M | 0.00 | 0.00 | |
| Sales/maturities of investments | — | 115M+3981.4% | 2.81M-90.4% | 29.2M-85.5% | 202M+42.5% | |
| Proceeds from sale of PP&E | 37.6M+1906.5% | 1.88M | 0.00 | — | — | |
| Other investing activities | 3.16M-52.1% | 6.58M+264.0% | -4.01M+83.1% | -23.8M-2042.7% | 1.22M+181.4% | |
| -349M-1633.3% | -20.1M-68.4% | -12.0M-101.8% | 655M+4412.9% | -15.2M-102.4% | ||
| Long-term debt issued | 0.00-100.0% | 329M | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 50.2M | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -4.21M-60.4% | -2.63M+2.6% | -2.70M-354.9% | 1.06M-83.7% | 6.49M+2871.8% | |
| FX effect on cash | 3.34M+129.4% | -11.4M-169.7% | 16.3M+203.1% | -15.8M-34.1% | -11.8M+49.3% | |
| Net change in cash | 130M+81.8% | 71.5M+116.1% | -445M-275.7% | 253M | — | |
| Interest paid | 3.89M+6169.4% | 62.0K-11.4% | 70.0K | — | 36.0K-88.8% | |
| Income taxes paid | 31.8M+86.9% | 17.0M-87.7% | 138M+84.7% | 74.7M+62.4% | 46.0M+17.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.74B+117.8% | 799M-85.0% | 5.32B-66.4% | 15.8B+6.8% | 14.8B-10.0% | |
| P/E | — | — | 9.4×-93.2% | 139.0×+58.7% | 87.6×-25.3% | |
| P/S | 1.5×+65.8% | 0.9×-40.8% | 1.5×-73.8% | 5.7×-24.3% | 7.5×-33.1% | |
| P/B | 4.1×+235.5% | 1.2×-43.1% | 2.1×-72.3% | 7.7×-31.8% | 11.3×-25.4% | |
| P/FCF | 21.6× | — | — | — | 228.4×+33.0% | |
| Earnings yield | — | — | 10.6%+1378.2% | 0.72%-37.0% | 1.1%+33.9% | |
| FCF yield | 4.6% | — | — | — | 0.44%-24.8% | |
| Source filing | 10-K/A | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SEDG’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 SEDG filings on SEC EDGAR → Not investment advice.