ENLT

MKT CAP:$12B

Enlight Renewable Energy Ltd

Market Cap

$12B

Utilities·Renewable Utilities·🇮🇱 Israel·NASDAQ

Utilities·Renewable·🇮🇱·NASDAQ

Stock Price

$83.80+$36.11 (+75.72%)

Apr 22, 2026

Company Details

Enlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally. The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources. It develops ...

CEO

Adi Leviatan

IPO Date

Jan 3, 2023

Website

www.enlightenergy.co.il

Key Metrics TTM

Revenue

$316M

— YoY

Net Income

$54M

EPS (Diluted)

$0.25

Free Cash Flow

-$1.1B

Revenue / Share

$2.22

Gross Margin

48.3%

Operating Margin

41.5%

Net Margin

17.0%

FCF Margin

-346.3%

P/S

38.6x

P/E

226.8x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Dec 30, 2025

$559MEPS $1.14

Q4 2025

Feb 17, 2026

$134MEPS $0.11

Q4 2023

Mar 28, 2024

$78MEPS $0.08

Q1 2023

Mar 30, 2023

$70M+98.7%EPS $0.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$5M	$3M	$2M
Q4 20	$21M	$18M	$8M
Q1 21	$23M	$14M	$11M
Q1 22	$35M	$22M	$15M
Q1 23	$70M	$47M	$38M
Q4 23	$78M	$35M	$23M
Q4 25	$134M	$49M	$55M

Valuation

Quarter	P/S	P/E
Q2 20	—	—
Q4 20	—	—
Q1 21	—	—
Q1 22	2.8x	—
Q1 23	14.2x	—
Q4 23	10.5x	49.1x
Q4 25	17.2x	101.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	$5M	-$7M
Q4 20	$7M	-$37M
Q1 21	$17M	-$37M
Q1 22	$13M	-$128M
Q1 23	$54M	-$80M
Q4 23	-$58M	-$235M
Q4 25	$65M	-$652M

Capital Expenditures

Quarter	CapEx
Q2 20	$12M
Q4 20	$44M
Q1 21	$54M
Q1 22	$142M
Q1 23	$135M
Q4 23	$177M
Q4 25	$717M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+1182.3%	+880.7%
Q4 23	+276.3%	+320.0%
Q4 25	+477.1%	+545.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$0	0.0%
Q4 20	$547.9K	2.7%
Q1 21	$686.8K	3.0%
Q1 22	$0	0.0%
Q1 23	$0	0.0%
Q4 23	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 20	—	—	—	$833.5K
Q4 20	$823.8K	$3M	$535.9K	—
Q1 21	—	$2M	$871.5K	—
Q1 22	$608.0K	—	—	$6M
Q1 23	$1M	—	—	$8M
Q4 23	$2M	—	—	$10M
Q4 25	$4M	—	—	$20M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$386M	$38M	$425M
Q2 22	$340M	$33M	$374M
Q3 22	$353M	$74M	$427M
Q4 22	$194M	$38M	$232M
Q1 23	$614M	$35M	$649M
Q2 23	$320M	$43M	$362M
Q3 23	$245M	$17M	$261M
Q4 23	$404M	$5M	$409M
Q1 24	$402M	$0	$402M
Q2 24	$209M	$3M	$211M
Q3 24	$178M	$5M	$183M
Q4 24	$387M	$0	$387M
Q1 25	$450M	$405.0K	$450M
Q2 25	$480M	$0	$480M
Q3 25	$2.3B	$5M	$2.3B
Q4 25	$991M	$0	$991M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	80M	—	—
Q4 20	78M	-1.6%	—
Q1 21	89M	+13.3%	—
Q1 22	96M	+8.5%	—
Q1 23	118M	+22.4%	+48.0%
Q4 23	126M	+6.6%	+60.4%
Q4 25	142M	+13.4%	+60.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 20	—	—
Q4 20	—	—
Q1 21	—	—
Q1 22	—	—
Q1 23	$320.8K	217
Q4 23	$270.8K	287
Q4 25	$372.1K	360

Revenue / Employee