← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $489.8m | $607.0m | $937.2m | $1.4b | $1.5b | $2.0b | $3.1b | $3.0b | $901.5m | $1.2b | |
| Cost of Revenue | $337.9m | $392.3m | $618.0m | $946.3m | $997.9m | $1.3b | $2.3b | $2.3b | $635.9m | $988.2m | |
| Gross Profit | $152.0m | $214.8m | $319.2m | $479.3m | $461.4m | $629.3m | $844.6m | $703.8m | ($877.2m) | $196.3m | |
| Operating Expenses | $80.2m | $123.7m | $179.8m | $289.4m | $318.8m | $422.2m | $678.5m | $663.6m | $831.1m | $498.0m | |
| Operating Income (Loss) | $71.8m | $91.1m | $139.4m | $189.9m | $142.6m | $207.1m | $166.1m | $40.2m | ($1.7b) | ($301.7m) | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $84k | — | $1.2m | $9.6m | $9.5m | $10.2m | $9.1m | $7.7m | $7.9m | $2.9m | |
| Debt and Equity Securities, Gain (Loss) | — | — | $875k | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $493k | ($287k) | $87k | ($1.3m) | $5.7m | ($31.2m) | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $0 | $2.3m | — | |
| 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 | |
| Income (Loss) from Equity Method Investments | $72.2m | $100.2m | $137.1m | $178.6m | $163.7m | — | — | ($350k) | ($1.9m) | ($960k) | |
| Other Income | — | — | — | — | — | — | $7.7m | — | — | — | |
| Realized Investment Gains (Losses) | — | — | ($137k) | — | — | — | — | — | — | — | |
| 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) | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($136k) | ($1.3m) | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | $76.6m | $84.2m | $128.8m | $146.5m | $140.3m | $169.2m | $93.8m | $34.3m | ($1.3b) | ($405.4m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $76.6m | $84.2m | $128.8m | $146.5m | $140.3m | $169.2m | $93.8m | $34.3m | ($1.8b) | ($405.4m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $72.2m | $100.2m | ($787k) | ($1.6m) | $163.7m | $0 | — | $81.1m | $1.7b | $391.1m | |
| Earnings Per Share, Basic | $1.92 | $1.99 | $2.85 | $3.06 | $2.79 | $3.24 | $1.70 | $0.61 | ($31.64) | ($6.88) | |
| Earnings Per Share, Diluted | $1.73 | $1.85 | $2.69 | $2.90 | $2.66 | $3.06 | $1.65 | $0.60 | ($31.64) | ($6.88) | |
| 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 | |
| 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 | |
| Research and Development Expense | $33.2m | $55.0m | $82.2m | $121.4m | $163.1m | $219.6m | $289.8m | $321.5m | $277.2m | $221.3m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($318k) | $14.5m | ($17.4m) | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | — | $1.4m | |
| Business Combination, Acquisition Related Costs | — | — | $1.3m | $604k | — | — | — | — | — | — | |
| Current Income Tax Expense (Benefit) | — | — | $16.2m | $39.7m | $26.8m | $29.7m | $94.4m | $89.5m | $16.9m | $14.1m | |
| General and Administrative Expense | $12.1m | $18.7m | $29.3m | $49.4m | $63.1m | $82.2m | $112.5m | $146.5m | $147.5m | $101.0m | |
| Interest Expense | — | — | $2.5m | $4.8m | $5.3m | $6.4m | — | $1.3m | $1.2m | — | |
| Interest Expense, Debt | — | — | $132k | $1.1m | — | — | — | — | — | — | |
| Other Cost and Expense, Operating | — | — | — | — | — | — | — | — | — | $46.2m | |
| Other General Expense | — | — | — | $30.7m | — | — | — | — | $10.1m | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $60.2m | $49.1m | ($12.4m) | |
| Selling and Marketing Expense | $34.8m | $50.0m | $68.3m | $88.0m | $96.0m | $119.0m | $159.7m | $164.3m | $146.9m | $117.3m | |
| Income Tax Expense (Benefit) | ($4.4m) | $16.1m | $9.1m | $33.6m | $23.3m | $18.1m | $83.4m | $46.4m | $96.2m | $13.4m | |
| 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 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.