ITEM 1. Business We are a global smart energy technology company that changed the way power is harvested and managed in photovoltaic (also known as PV) systems. Our direct current (“DC”), optimized inverter system maximizes power generation while lowering the cost of energy produced by the PV system for improved return on investment, or ROI. Additional benefits of the DC optimized inverter system include: comprehensive and advanced safety features, improved design flexibility, efficient integration (DC coupled) with SolarEdge storage solutions, and improved operation and maintenance, or O&M, with remote monitoring at the module-level. The typical SolarEdge DC optimized inverter system consists of inverters, Optimizers, a communication device which enables access to a cloud-based Monitoring Platform and, in many cases, a battery and additional smart energy management solutions and devices, such as EV chargers and load controllers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | - | 3.0B | 3.1B | 2.0B |
| Net Income | -405M | -405M | -1.8B | 34M | 94M | 169M |
| EPS | $-6.88 | $-6.88 | $-31.64 | $0.60 | $1.65 | $3.06 |
| Free Cash Flow | 81M | 81M | -421M | -351M | -138M | 65M |
| ROIC | -10.9% | -70.9% | -114.6% | 1.7% | 10.8% | 47.2% |
| Gross Margin | 16.6% | 16.6% | - | 23.6% | 27.2% | 32.0% |
| Debt/Equity | 0.04 | 0.04 | 0.06 | 0.02 | 0.02 | 0.03 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -302M | -302M | -1.7B | 40M | 166M | 207M |
| Operating Margin | -25.5% | -25.5% | - | 1.4% | 5.3% | 10.5% |
| ROE | -94.8% | -74.7% | -117.7% | 1.5% | 5.4% | 14.1% |
| Shares Outstanding | 59M | 59M | 57M | 57M | 57M | 55M |
SOLAREDGE TECHNOLOGIES, INC. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 32.3x vs a median of 15.3x. The company's 5-year average gross margin is 24.9%. At current prices, the estimated annualized return to fair value is -20.8%.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) has a 5-year average return on invested capital (ROIC) of -25.2%. This is below average and may indicate limited pricing power.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) has a market capitalization of $2.5B. It is classified as a mid-cap stock.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) does not currently pay a regular dividend.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) operates in the Semiconductors & Related Devices industry, within the Technology sector.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) has a net profit margin of -34.2%. The company is currently unprofitable.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) generated $81 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) reported earnings per share (EPS) of $-6.88 in its most recent fiscal year.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) has a return on equity (ROE) of -74.7%. A negative ROE may indicate losses or negative equity.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) has a 5-year average gross margin of 24.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 13 years of financial data for SOLAREDGE TECHNOLOGIES, INC. (SEDG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SOLAREDGE TECHNOLOGIES, INC. (SEDG) has a book value per share of $7.25, based on its most recent annual SEC filing.