Saturday 17 October 2026
Export SEDG’s income statement to Excel — free account
SolarEdge Technologies, Inc.
SEDG Technology Solar
SolarEdge Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 31.4% from fiscal 2024. In the quarter to June 2026, revenue grew 19.6%, EPS grew 76.5%, free cash flow grew 196.8% and total debt fell 50.7%, each against the same quarter a year earlier.
31.36
0.07
−0.22%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 11.35 | 12.25 | 30.80 | 34.05 | 67.02 | 199.33 | 190.15 | 63.25 | 10.24 | 11.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | 30.50 | 39.90 | 70.74 | 96.69 | 335.80 | 389.71 | 375.90 | 345.80 | 97.27 | 48.60 | |||||
| People | |||||||||||||||
| People | Employees | 608 | 1,007 | 1,737 | 2,431 | 3,174 | 3,964 | 4,926 | 5,633 | 662 | 3,576 | ||||
| Revenue/emp, $m | 0.00 | 0.60 | 0.54 | 0.59 | 0.46 | 0.50 | 0.63 | 0.53 | 1.36 | 0.33 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 480 | 607 | 937 | 1,426 | 1,459 | 1,964 | 3,110 | 2,977 | 901 | 1,184 | ||||
| Gross margin, % | 33.75 | 35.38 | 34.06 | 33.62 | 31.62 | 32.04 | 27.16 | 23.65 | (97.31) | 16.57 | |||||
| EBT | 61 | 100 | 137 | 179 | 164 | 187 | 177 | 81 | (1,708) | (391) | |||||
| EBT margin, % | 12.71 | 16.51 | 14.63 | 12.53 | 11.22 | 9.53 | 5.70 | 2.72 | (189.51) | (33.02) | |||||
| Net income | 0 | 84 | 128 | 145 | 140 | 169 | 94 | 34 | (1,806) | (405) | |||||
| Depreciation | 3 | 9 | 14 | 27 | 36 | 40 | 168 | 63 | 85 | 31 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.00 | 14.38 | 20.72 | 29.75 | 29.06 | 37.62 | 56.46 | 52.63 | 15.79 | 20.09 | ||||
| Earnings | 1.16 | 1.99 | 2.85 | 3.06 | 2.79 | 3.24 | 1.70 | 0.61 | (31.64) | (6.88) | |||||
| Cash flow | 0.00 | 3.24 | 4.18 | 5.41 | 4.43 | 4.10 | 0.57 | (3.18) | (5.49) | 1.77 | |||||
| Capex | 0.00 | (0.51) | (0.85) | (1.51) | (2.52) | (2.86) | (3.07) | (3.20) | (2.04) | 0.24 | |||||
| Free cash flow | 0.00 | 2.73 | 3.33 | 3.89 | 1.91 | 1.24 | (2.51) | (6.39) | (7.53) | 2.01 | |||||
| Book value | 0.00 | 9.42 | 12.62 | 16.94 | 21.62 | 25.10 | 39.51 | 42.65 | 11.53 | 7.25 | |||||
| Shares, m | 0 | 42 | 45 | 48 | 50 | 52 | 55 | 57 | 57 | 59 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 6.95 | 19.61 | 12.32 | 31.38 | 113.57 | 86.60 | 167.90 | 141.08 | 0.00 | 0.00 | ||||
| P/S | 1.07 | 2.65 | 1.69 | 3.20 | 10.98 | 7.46 | 5.06 | 1.74 | 0.86 | 1.44 | |||||
| P/B | 1.87 | 4.04 | 2.78 | 5.61 | 14.76 | 11.18 | 7.22 | 2.15 | 1.18 | 3.98 | |||||
| EV/Sales | 0.73 | 2.26 | 1.38 | 2.96 | 10.75 | 7.45 | 4.95 | 1.69 | 0.85 | 1.53 | |||||
| EV/FCF | 6.72 | 11.89 | 8.58 | 22.67 | 163.61 | 225.43 | (111.46) | (13.88) | (1.79) | 16.74 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 49 | 137 | 189 | 259 | 223 | 214 | 31 | (180) | (313) | 104 | ||||
| Capex | (12) | (21) | (39) | (73) | (127) | (149) | (169) | (181) | (116) | 14 | |||||
| Free cash flow | 49 | 115 | 150 | 186 | 96 | 65 | (138) | (361) | (430) | 118 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 269 | 347 | 452 | 496 | 1,283 | 1,186 | 2,010 | 2,411 | 993 | 936 | ||||
| Total debt | — | — | 20 | 18 | 630 | 677 | 689 | 669 | 715 | 350 | |||||
| Net debt | (180) | (242) | (297) | (330) | (341) | (21) | (335) | (191) | (6) | (228) | |||||
| Shareholders’ equity | 289 | 397 | 571 | 812 | 1,086 | 1,310 | 2,176 | 2,412 | 658 | 427 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 12.41 | 15.79 | 16.05 | 11.92 | 7.14 | 6.34 | 2.62 | 0.78 | (49.94) | (16.79) | ||||
| ROIC | 0.00 | 36.60 | 31.83 | 24.66 | 11.97 | 10.04 | 5.64 | 1.13 | (163.61) | (94.44) | |||||
| ROE | 18.72 | 24.53 | 26.61 | 21.20 | 14.79 | 14.12 | 5.38 | 1.50 | (117.67) | (74.68) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
SolarEdge Technologies, Inc. vs peers in Solar (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FSLR First Solar, Inc. | $19.2B | 10.6× | 16.0× | −3.73% (below 0%: shrinking) | +23.20% (above 0%: growing) | −121.01% (below 0%: shrinking) | 57.28% | 42.64% | Compare |
| NXT Nextpower Inc. | $12.7B | 20.1× | 35.6× | +8.21% (above 0%: growing) | +3.77% (above 0%: growing) | +50.09% (above 0%: growing) | 35.91% | 20.41% | Compare |
| ENPH Enphase Energy, Inc. | $4.1B | 30.0× | 194× | −19.63% (below 0%: shrinking) | −3.57% (below 0%: shrinking) | +41.15% (above 0%: growing) | 59.97% | 17.65% | Compare |
| SEDG SolarEdge Technologies, Inc. | $1.9B | — (loss-making) | — (loss-making) | +19.63% (above 0%: growing) | n/m | +196.82% (above 0%: growing) | 27.48% | (4.63%) | |
| RUN Sunrun Inc. | $1.8B | 4.3× | 10.8× | +52.81% (above 0%: growing) | −60.66% (below 0%: shrinking) | +37.10% (above 0%: growing) | 37.73% | 4.00% | Compare |
| SHLS Shoals Technologies Group, Inc. | $1.3B | 38.1× | 42.0× | +47.39% (above 0%: growing) | −12.50% (below 0%: shrinking) | +99.01% (above 0%: growing) | 30.31% | 11.46% | Compare |
| DQ DAQO New Energy Corp. | $720.7M | — (loss-making) | — (loss-making) | −16.67% (below 0%: shrinking) | n/m | −60.43% (below 0%: shrinking) | (132.00%) | (156.53%) | Compare |
| ARRY Array Technologies, Inc. | $549.8M | — (loss-making) | 43.9× | −5.57% (below 0%: shrinking) | −73.68% (below 0%: shrinking) | +205.42% (above 0%: growing) | 29.12% | 10.16% | Compare |
| JKS JinkoSolar Holding Company Limited | $420.2M | — (loss-making) | — (loss-making) | −27.48% (below 0%: shrinking) | n/m | +78.73% (above 0%: growing) | 4.15% | (11.62%) | Compare |
| Median of peers | $1.6B | 20.1× | 38.8× | −4.65% | −8.03% | +45.62% | 33.11% | 10.81% |
SolarEdge Technologies, Inc. (SEDG) key facts
- Strength: SolarEdge Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 31.4% from fiscal 2024.
- SolarEdge Technologies, Inc. (SEDG) is a Solar company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, SEDG traded at $31.36, a market capitalization of $1.9 billion.
- Return on equity was −74.7% and debt-to-equity 0.85.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.26 (distress zone) for fiscal 2025.