← SOLAREDGE TECHNOLOGIES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $489.8m |
$607.0m
+23.93%
|
$937.2m
+54.39%
|
$1.4b
+52.11%
|
$1.5b
+2.36%
|
$2.0b
+34.58%
|
$3.1b
+58.38%
|
$3.0b
-4.30%
|
$901.5m
-69.71%
|
$1.2b
+31.39%
|
$1.3b
+12.48%
|
|
| Cost of Revenue | $337.9m |
$392.3m
+16.10%
|
$618.0m
+57.54%
|
$946.3m
+53.13%
|
$997.9m
+5.45%
|
$1.3b
+33.73%
|
$2.3b
+69.77%
|
$2.3b
+0.31%
|
$1.8b
-21.74%
|
$988.2m
-44.44%
|
$1.0b
+3.45%
|
|
| Gross Profit | $152.0m |
$214.8m
+41.33%
|
$319.2m
+48.64%
|
$479.3m
+50.15%
|
$461.4m
-3.75%
|
$629.3m
+36.41%
|
$844.6m
+34.22%
|
$703.8m
-16.67%
|
($877.2m)
-224.63%
|
$196.3m
+122.38%
|
$310.0m
+57.96%
|
|
| Research and Development Expense | $33.2m | $55.0m | $82.2m | $121.4m | $163.1m | $219.6m | $289.8m | $321.5m | $277.2m | $221.3m | $208.8m | |
| Selling and Marketing Expense | $34.8m | $50.0m | $68.3m | $88.0m | $96.0m | $119.0m | $159.7m | $164.3m | $146.9m | $117.3m | $223.7m | |
| General and Administrative Expense | $12.1m | $18.7m | $29.3m | $49.4m | $63.1m | $82.2m | $112.5m | $146.5m | $147.5m | $101.0m | $112.0m | |
| Amortization of Intangible Assets | $84k | — | $1.2m | $9.6m | $9.5m | $10.2m | $9.1m | $7.7m | $7.9m | $2.9m | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $60.2m | $49.1m | ($12.4m) | — | |
| Operating Expenses | $80.2m | $123.7m | $179.8m | $289.4m | $318.8m | $422.2m | $678.5m | $663.6m | $831.1m | $498.0m | $420.4m | |
| Operating Income (Loss) | $71.8m |
$91.1m
+26.93%
|
$139.4m
+53.06%
|
$189.9m
+36.24%
|
$142.6m
-24.95%
|
$207.1m
+45.30%
|
$166.1m
-19.80%
|
$40.2m
-75.80%
|
($1.7b)
-4348.94%
|
($301.7m)
+82.34%
|
($110.3m)
+63.43%
|
|
| Other Operating Income (Expense), Net | $71.8m | $91.1m | $139.4m | $189.9m | $3.4m | ($1.4m) | ($116.5m) | $40.2m | $1.7b | $58.3m | — | |
| Interest Expense | — | — | $2.5m | $4.8m | $5.3m | $6.4m | — | $1.3m | $1.2m | — | $11.7m | |
| Interest Expense, Debt | — | — | $132k | $1.1m | — | — | — | — | — | — | $11.7m | |
| Debt and Equity Securities, Gain (Loss) | — | — | $875k | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $493k | ($287k) | $87k | ($1.3m) | $5.7m | ($31.2m) | — | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($136k) | ($1.3m) | — | — | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($318k) | $14.5m | ($17.4m) | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | — | $1.4m | $11.7m | |
| Income (Loss) from Equity Method Investments | $72.2m | $100.2m | $137.1m | $178.6m | $163.7m | — | — | ($350k) | ($1.9m) | ($960k) | — | |
| Other Income | — | — | — | — | — | — | $7.7m | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($3.8m) | ($7.5m) | ($13.4m) | ($6.0m) | ($33.9m) | $13.7m | $47.3m | $49.8m | ($4.2m) | $181.8m | ($264.3m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $72.2m | $100.2m | $137.1m | $178.6m | $163.7m | $187.2m | $177.2m | $81.1m | ($1.7b) | ($391.1m) | ($264.3m) | |
| Current Income Tax Expense (Benefit) | — | — | $16.2m | $39.7m | $26.8m | $29.7m | $94.4m | $89.5m | $16.9m | $14.1m | $5.6m | |
| Income Tax Expense (Benefit) | ($4.4m) | $16.1m | $9.1m | $33.6m | $23.3m | $18.1m | $83.4m | $46.4m | $96.2m | $13.4m | $5.6m | |
| Net Income (Loss) Attributable to Parent | $76.6m |
$84.2m
+9.87%
|
$128.8m
+53.06%
|
$146.5m
+13.75%
|
$140.3m
-4.25%
|
$169.2m
+20.56%
|
$93.8m
-44.57%
|
$34.3m
-63.39%
|
($1.3b)
-3754.46%
|
($405.4m)
+67.68%
|
($270.3m)
+33.33%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $72.2m | $100.2m | ($787k) | ($1.6m) | $163.7m | $0 | — | $81.1m | $1.7b | $391.1m | ($270.3m) | |
| Earnings Per Share, Basic | $1.92 | $1.99 | $2.85 | $3.06 | $2.79 | $3.24 | $1.70 | $0.61 | ($31.64) | ($6.88) | ($4.49) | |
| Earnings Per Share, Diluted | $1.73 | $1.85 | $2.69 | $2.90 | $2.66 | $3.06 | $1.65 | $0.60 | ($31.64) | ($6.88) | ($4.49) | |
| Weighted Average Number of Shares Outstanding, Basic | 40.0m | 42.2m | 45.2m | 47.9m | 50.2m | 52.2m | 55.1m | 56.6m | 57.1m | 59.0m | 60.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 44.4m | 45.4m | 48.0m | 50.2m | 52.8m | 56.0m | 58.1m | 57.2m | 57.1m | 59.0m | 60.4m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | — | — | $1.3m | $604k | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $0 | $2.3m | — | $5.8m | |
| Other Cost and Expense, Operating | — | — | — | — | — | — | — | — | — | $46.2m | — | |
| Other General Expense | — | — | — | $30.7m | — | — | — | — | $10.1m | — | — | |
| Realized Investment Gains (Losses) | — | — | ($137k) | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.