Press release
SolarEdge Announces First Quarter 2025 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial
About this update from Solaredge Technologies, Inc.
[{"type":"text","content":" MILPITAS, Calif.--(BUSINESS WIRE)--\nSolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, 2025.\n\n“I am pleased with the steady progress we made on the SolarEdge turnaround this quarter,” said Shuki Nir, CEO of SolarEdge. “We delivered a second straight quarter of positive free cash flow and are executing on our strategic priorities. Despite an uncertain tariff and regulatory environment, we remain relentlessly focused on elevating our execution across our business.”\n\nFirst Quarter 2025 Summary\n\nThe Company reported revenues of $219.5 million, up 12% from $196.2 million in the prior quarter.\n\nNon-GAAP revenues2, which exclude $7.4 million of revenues related to discontinued operations, were $212.1 million.\n\nThe Company shipped 1,208 MW (AC) of inverters and 180 MWh of batteries for PV applications.\n\nGAAP gross margin was 8.0%1, compared to negative 57.2%1 in the prior quarter.\n\nNon-GAAP gross margin2 was 7.8%, compared to negative 39.5%1 in the prior quarter.\n\nGAAP operating expenses were $120.3 million, compared to $151.41 million in the prior quarter.\n\nNon-GAAP operating expenses2 were $89.1 million, compared to $106.8 million in the prior quarter.\n\nGAAP operating loss was $102.71 million, compared to $263.71 million in the prior quarter.\n\nNon-GAAP operating loss2 was $72.4 million, compared to $184.11 million in the prior quarter.\n\nGAAP net loss was $98.51 million, compared to $287.41 million in the prior quarter.\n\nNon-GAAP net loss2 was $66.1 million, compared to $202.51 million in the prior quarter.\n\nGAAP net loss per share was $1.701, compared to a GAAP net loss per share of $5.001 in the prior quarter.\n\nNon-GAAP net loss per share2 was $1.14, compared to a Non-GAAP net loss per share of $3.521 in the prior quarter.\n\nCash provided by operating activities was $33.8 million, compared with $37.8 million provided in the prior quarter.\n\nFree cash flow2 generated, excluding cash flow from discontinued operations at our Kokam battery manufacturing business, was $19.8 million, compared with $25.5 generated in the prior quarter.\n\nAs of March 31, 2025, cash, cash equivalents, restricted cash, bank deposits, restricted bank deposits and marketable securities totaled $113.2 million, net of...