SEDG

MKT CAP:$3B

SolarEdge Technologies, Inc.

Market Cap

$3B

Energy·Solar·🇮🇱 Israel·NASDAQ

Energy·Solar·🇮🇱·NASDAQ

Stock Price

$47.36+$16.00 (+51.02%)

Apr 23, 2026

Company Details

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy ...

CEO

Yehoshua Nir

IPO Date

Mar 26, 2015

Website

www.solaredge.com

Key Metrics TTM

Revenue

$1.2B

+31.4% YoY

Net Income

-$405M

EPS (Diluted)

-$6.90

Free Cash Flow

$81M

Revenue / Share

$19.80

Gross Margin

15.3%

Operating Margin

-24.1%

Net Margin

-34.2%

FCF Margin

6.8%

P/S

2.4x

P/E

—

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 25, 2026

$1.2B+31.4%EPS -$6.90

Q4 2025

Feb 25, 2026

$335M+96.4%EPS -$2.21

Q3 2025

Nov 6, 2025

$340M+30.4%EPS -$0.84

Q2 2025

Aug 7, 2025

$289M+9.1%EPS -$2.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$655M	$179M	$51M
Q2 22	$728M	$183M	$36M
Q3 22	$837M	$222M	$84M
Q4 22	$891M	$261M	-$5M
Q1 23	$944M	$300M	$144M
Q2 23	$991M	$317M	$150M
Q3 23	$725M	$143M	-$17M
Q4 23	$316M	-$56M	-$238M
Q1 24	$204M	-$21M	-$163M
Q2 24	$265M	-$11M	-$160M
Q3 24	$261M	-$702M	-$1.1B
Q4 24	$171M	-$138M	-$289M
Q1 25	$219M	$18M	-$103M
Q2 25	$289M	$32M	-$115M
Q3 25	$340M	$58M	-$35M
Q4 25	$335M	$74M	-$32M

Valuation

Quarter	P/S	P/E
Q1 22	8.5x	108.9x
Q2 22	6.7x	116.4x
Q3 22	4.8x	116.7x
Q4 22	5.1x	170.3x
Q1 23	5.0x	84.6x
Q2 23	4.2x	50.5x
Q3 23	2.0x	32.1x
Q4 23	1.5x	130.7x
Q1 24	1.8x	—
Q2 24	0.9x	—
Q3 24	1.3x	—
Q4 24	0.9x	—
Q1 25	1.0x	—
Q2 25	1.3x	—
Q3 25	2.1x	—
Q4 25	1.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$163M	-$206M
Q2 22	$77M	$29M
Q3 22	$6M	-$28M
Q4 22	$111M	$67M
Q1 23	$8M	-$30M
Q2 23	-$89M	-$134M
Q3 23	$41M	-$6M
Q4 23	-$140M	-$180M
Q1 24	-$217M	-$243M
Q2 24	-$45M	-$77M
Q3 24	-$64M	-$111M
Q4 24	$12M	$79.0K
Q1 25	$34M	$24M
Q2 25	-$8M	-$9M
Q3 25	$26M	$23M
Q4 25	$53M	$43M

Capital Expenditures

Quarter	CapEx
Q1 22	$43M
Q2 22	$49M
Q3 22	$33M
Q4 22	$44M
Q1 23	$38M
Q2 23	$46M
Q3 23	$47M
Q4 23	$40M
Q1 24	$26M
Q2 24	$32M
Q3 24	$47M
Q4 24	$12M
Q1 25	$10M
Q2 25	$1M
Q3 25	$3M
Q4 25	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+61.6%	+67.2%
Q2 22	+51.6%	+63.0%
Q3 22	+59.0%	+63.6%
Q4 22	+61.4%	+75.4%
Q1 23	+44.1%	+32.4%
Q2 23	+36.2%	+21.6%
Q3 23	-13.3%	-1.4%
Q4 23	-64.5%	-38.2%
Q1 24	-78.3%	-54.1%
Q2 24	-73.2%	-49.4%
Q3 24	-64.0%	+81.4%
Q4 24	-46.0%	-16.9%
Q1 25	+7.4%	-12.3%
Q2 25	+9.1%	-4.9%
Q3 25	+30.4%	-72.1%
Q4 25	+96.4%	-20.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$34M	5.2%
Q2 22	$37M	5.1%
Q3 22	$0	0.0%
Q4 22	$39M	4.3%
Q1 23	$39M	4.2%
Q2 23	$39M	3.9%
Q3 23	$37M	5.1%
Q4 23	$35M	11.1%
Q1 24	$38M	18.4%
Q2 24	$39M	14.5%
Q3 24	$37M	14.0%
Q4 24	$24M	14.3%
Q1 25	$31M	14.3%
Q2 25	$19M	6.7%
Q3 25	$22M	6.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$66M	$26M	$35M
Q2 22	$75M	$28M	$39M
Q3 22	$70M	$28M	$43M
Q4 22	$79M	$30M	$43M
Q1 23	$80M	$37M	$41M
Q2 23	$87M	$36M	$44M
Q3 23	$80M	$39M	$40M
Q4 23	$75M	$35M	$39M
Q1 24	$75M	$31M	$38M
Q2 24	$69M	$39M	$40M
Q3 24	$70M	$41M	$37M
Q4 24	$62M	$36M	$31M
Q1 25	$62M	$29M	$31M
Q2 25	$53M	$20M	$29M
Q3 25	$54M	$26M	$27M
Q4 25	$52M	$26M	$31M

Revenue Segments

Quarter	All Other	Solar	All other	Energy Storage
Q1 22	$47M	$608M	—	—
Q2 22	$40M	$688M	—	—
Q3 22	$48M	$789M	—	—
Q4 22	—	$837M	$54M	—
Q1 23	$35M	$909M	—	—
Q2 23	$44M	$947M	—	—
Q3 23	$60M	$676M	—	—
Q2 24	$2M	$241M	—	$25M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.0B	$159M	$1.2B
Q2 22	$746M	$150M	$896M
Q3 22	$678M	$203M	$881M
Q4 22	$783M	$241M	$1.0B
Q1 23	$728M	$411M	$1.1B
Q2 23	$558M	$493M	$1.1B
Q3 23	$551M	$477M	$1.0B
Q4 23	$338M	$522M	$860M
Q1 24	$214M	$466M	$681M
Q2 24	$259M	$430M	$690M
Q3 24	$304M	$375M	$679M
Q4 24	$275M	$311M	$586M
Q1 25	$401M	$250M	$652M
Q2 25	$545M	$213M	$758M
Q3 25	$440M	$59M	$499M
Q4 25	$455M	$38M	$493M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	56M	+0.5%	+0.6%
Q2 22	59M	+4.0%	+4.7%
Q3 22	59M	+0.3%	+5.0%
Q4 22	59M	-0.0%	+4.9%
Q1 23	59M	+0.8%	+5.1%
Q2 23	59M	-0.0%	+1.1%
Q3 23	57M	-4.2%	-3.5%
Q4 23	57M	+0.4%	-3.1%
Q1 24	57M	+0.4%	-3.5%
Q2 24	57M	-0.8%	-4.2%
Q3 24	57M	+0.6%	+0.6%
Q4 24	57M	+0.8%	+1.0%
Q1 25	58M	+1.1%	+1.7%
Q2 25	58M	0.0%	+2.5%
Q3 25	58M	0.0%	+1.9%
Q4 25	60M	+2.9%	+4.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$165.3K	4K
Q2 22	$183.6K	4K
Q3 22	$211.1K	4K
Q4 22	$180.8K	5K
Q1 23	$191.6K	5K
Q2 23	$201.2K	5K
Q3 23	$147.2K	5K
Q4 23	$56.1K	6K
Q1 24	$36.3K	6K
Q2 24	$47.1K	6K
Q3 24	$46.3K	6K
Q4 24	$43.1K	4K
Q1 25	$55.4K	4K
Q2 25	$73.1K	4K
Q3 25	$85.9K	4K
Q4 25	$93.8K	4K

Revenue / Employee