Solaredge Technologies, Inc.
SEDG Nasdaq Semiconductors & Related Devices Financials FY2015βFY2025
What Solaredge Technologies, Inc. does
No business description yet.
- Legal name
- SOLAREDGE TECHNOLOGIES, INC.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K Β· Feb 25, 2026
- Accession Β· CIK
- 0001178913-26-000632
0001419612
Revenue and margins
Solaredge Technologies, Inc. had $1.2B of revenue in fiscal 2025, up 31.4% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $80.8M in fiscal 2025, 6.8% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Solaredge Technologies, Inc. returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 3.3%.
Balance sheet
Cash, debt and the ratios that show how comfortably Solaredge Technologies, Inc. can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $698M | $1.0B | $860M | $586M | $493M |
| Interest coverage | 342.4x | 108.6x | 31.7x | β1,477.8x | β219.2x |
| Current ratio | 3.3x | 3.3x | 3.7x | 1.9x | 2.2x |
| Quick ratio | 2.5x | 2.4x | 2.1x | 1.3x | 1.5x |
| Total assets | $2.9B | $4.3B | $4.6B | $2.6B | $2.2B |
| Total liabilities | $1.6B | $2.1B | $2.2B | $2.0B | $1.8B |
| Shareholders' equity | $1.3B | $2.2B | $2.4B | $658M | $427M |
| Net debt (β = net cash) | β | β | β | β | β |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY15 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 4 | 3 / 8 | 4 / 8 | 6 / 8 | 5 / 8 | 3 / 8 | 2 / 8 | 6 / 8 |
| Accruals ratio | 6.1% | β7.5% | β9.1% | β4.2% | β1.7% | 11.5% | 4.8% | β41.3% | β21.1% |
| Altman Z'' | 6.43 | 6.16 | 5.02 | 5.33 | 4.76 | 5.01 | 5.22 | β2.79 | β0.00 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY15 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $490M | β | $937M | $1.4B | $1.5B | $2.0B | $3.1B | $3.0B | $901M | $1.2B |
| Provision for credit losses | β | β | β | β | $1.0M | $0.1M | β$0.7M | β$13.8M | β$33.8M | β$7.8M |
| Gross profit | $152M | β | $319M | $479M | $461M | $629M | $845M | $704M | β$877M | $196M |
| Research and development | $33.2M | β | $82.2M | $121M | $163M | $220M | $290M | $321M | $277M | $221M |
| Operating income | $71.8M | β | $139M | $190M | $143M | $207M | $166M | $40.2M | β$1.7B | β$302M |
| Interest expense | β | β | $2.5M | $4.8M | $5.3M | $0.6M | $1.5M | $1.3M | $1.2M | $1.4M |
| Pretax income | $72.2M | β | $137M | $179M | $164M | $187M | $177M | $81.1M | β$1.7B | β$391M |
| Income tax | β$4.4M | β | $9.1M | $33.6M | $23.3M | $18.1M | $83.4M | $46.4M | $96.2M | $13.4M |
| Net income | $76.6M | β | $129M | $147M | $140M | $169M | $442M | $34.3M | β$1.8B | β$405M |
| Net income to common | $76.6M | β | $129M | $145M | $140M | $169M | $93.8M | $34.3M | β$1.8B | β |
| Diluted EPS | $1.73 | β | $2.69 | $2.90 | $2.66 | $3.06 | $1.65 | $0.60 | β$31.64 | β$6.88 |
| Diluted shares | 0.04B | β | 0.05B | 0.05B | 0.05B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B |
| Cash flow | ||||||||||
| Cash from operations | $52.5M | β | $189M | $259M | $223M | $214M | $31.3M | β$180M | β$313M | $104M |
| Capital expenditure | $15.7M | β | $38.6M | $72.6M | $127M | $149M | $169M | $171M | $108M | $23.5M |
| Free cash flow | $36.8M | β | $150M | $186M | $95.9M | $64.9M | β$138M | β$351M | β$421M | $80.8M |
| Depreciation and amortization | $3.8M | β | $11.4M | $17.3M | $22.4M | $39.5M | $49.7M | $57.2M | $59.9M | $30.5M |
| Stock-based compensation | $9.1M | β | $30.6M | $60.4M | $67.3M | $103M | $146M | $150M | $137M | $92.5M |
| Acquisitions | β | β | $94.7M | $38.4M | $0.0M | $0.0M | $0.0M | $16.7M | $10.4M | $0.0M |
| Share buybacks | β | β | β | β | β | β | $0.0M | $0.0M | $50.2M | $0.0M |
| Dividends and buybacks | β | β | β | β | β | β | $0.0M | $0.0M | $50.2M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $133M | $240M | $306M | $316M | $971M | $698M | $1.0B | $860M | $586M | $493M |
| Finance lease liabilities | β | β | β | $2.4M | $26.2M | β | β | β | β | β |
| Current assets | $310M | $477M | $677M | $933M | $1.7B | $1.7B | $2.9B | $3.3B | $2.1B | $1.7B |
| Current liabilities | $87.3M | $130M | $226M | $437M | $436M | $525M | $890M | $893M | $1.1B | $803M |
| Inventory | $81.6M | $83.0M | $142M | $171M | $332M | $380M | $729M | $1.4B | $646M | $553M |
| Property and equipment, net | $28.5M | $51.2M | $119M | $177M | $303M | $410M | $544M | $615M | $343M | $269M |
| Goodwill | β | β | $34.9M | $130M | $140M | $130M | $31.2M | $43.0M | $48.4M | $50.1M |
| Intangible assets | $0.7M | $1.1M | $38.5M | $74.0M | $67.8M | $58.9M | $19.9M | $35.3M | $9.7M | $7.1M |
| Total assets | $397M | $641M | $964M | $1.5B | $2.4B | $2.9B | $4.3B | $4.6B | $2.6B | $2.2B |
| Total liabilities | $141M | $244M | $402M | $683M | $1.4B | $1.6B | $2.1B | $2.2B | $2.0B | $1.8B |
| Shareholders' equity | $256M | $397M | $562M | $812M | $1.1B | $1.3B | $2.2B | $2.4B | $658M | $427M |
| Margins | ||||||||||
| Gross margin | 31.0% | β | 34.1% | 33.6% | 31.6% | 32.0% | 27.2% | 23.6% | β97.3% | 16.6% |
| Operating margin | 14.6% | β | 14.9% | 13.3% | 9.8% | 10.5% | 5.3% | 1.4% | β189.5% | β25.5% |
| EBITDA margin | 15.4% | β | 16.1% | 14.5% | 11.3% | 12.6% | 6.9% | 3.3% | β182.9% | β22.9% |
| Net margin | 15.6% | β | 13.7% | 10.3% | 9.6% | 8.6% | 14.2% | 1.2% | β200.4% | β34.2% |
| FCF margin | 7.5% | β | 16.1% | 13.1% | 6.6% | 3.3% | β4.4% | β11.8% | β46.8% | 6.8% |
| Returns | ||||||||||
| Return on capital employed | 23.1% | β | 18.9% | 18.0% | 7.1% | 8.7% | 4.9% | 1.1% | β107.5% | β21.9% |
| Return on equity | 29.9% | β | 26.8% | 21.3% | 14.8% | 14.1% | 25.3% | 1.5% | β117.7% | β74.7% |
| Return on assets | 19.3% | β | 16.0% | 11.9% | 7.1% | 6.3% | 12.3% | 0.8% | β49.9% | β16.8% |
| Return on tangible equity | 30.0% | β | 26.3% | 23.8% | 16.0% | 15.1% | 4.4% | 1.5% | β300.9% | β109.5% |
| Growth | ||||||||||
| Revenue growth | β | β | β | 52.1% | 2.4% | 34.6% | 58.4% | β4.3% | β69.7% | 31.4% |
| Net income growth | β | β | β | 13.8% | β4.2% | 20.6% | 161.1% | β92.2% | β5,361.9% | β |
| EPS growth | β | β | β | 7.8% | β8.3% | 15.0% | β46.1% | β63.6% | β5,373.3% | β |
| FCF growth | β | β | β | 23.9% | β48.6% | β32.3% | β312.8% | β | β | β |
| Share count change | β | β | β | 4.6% | 5.2% | 6.0% | 3.8% | β1.5% | β0.3% | 3.3% |
| Financial health | ||||||||||
| Interest coverage | β | β | 55.0x | 39.5x | 26.7x | 342.4x | 108.6x | 31.7x | β1,477.8x | β219.2x |
| Current ratio | 3.5x | 3.7x | 3.0x | 2.1x | 3.9x | 3.3x | 3.3x | 3.7x | 1.9x | 2.2x |
| Quick ratio | 2.6x | 3.0x | 2.4x | 1.7x | 3.2x | 2.5x | 2.4x | 2.1x | 1.3x | 1.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.2% | β | 4.1% | 5.1% | 8.7% | 7.6% | 5.4% | 5.7% | 12.0% | 2.0% |
| Stock comp / revenue | 1.9% | β | 3.3% | 4.2% | 4.6% | 5.2% | 4.7% | 5.0% | 15.2% | 7.8% |
| Payouts / FCF | β | β | β | β | β | β | β | β | β | 0.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | β | 3.0 | 4.0 | 6.0 | 5.0 | 3.0 | 2.0 | 6.0 |
| Altman Z'' | 6.4 | β | 6.2 | 5.0 | 5.3 | 4.8 | 5.0 | 5.2 | β2.8 | β0.0 |
| Accruals ratio | 6.1% | β | β7.5% | β9.1% | β4.2% | β1.7% | 11.5% | 4.8% | β41.3% | β21.1% |
Source: SEC EDGAR XBRL filings (CIK 0001419612). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.