Solaredge Technologies (SEDG) FY2024 results: revenue $901 million, down 69.7% on the year
Solaredge Technologies, Inc. (SEDG) reported revenue of $901 million for fiscal 2024, the year ended 31 December 2024, down 69.7% on the year before. Net income was -$1.8 billion, and diluted earnings per share $-31.64. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$901 million
-69.7% on the year
FY2017FY2024
Operating margin
-189.5%
1.4% a year earlier
FY2017FY2024
Net income
-$1.8 billion
FY2017FY2024
Diluted EPS
-$31.64
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-313
-180
31.3
Capital expenditure
108
171
169
-36.6%
Free cash flow
-421
-351
-138
Free cash flow margin
-46.8%
-11.8%
-4.4%
Cash from investing
416
-269
-417
Cash from financing
-20.1
-12.0
655
Depreciation and amortisation
59.9
57.2
49.7
+4.7%
Share-based compensation
137
150
146
-8.5%
Buybacks
50.2
0.0
0.0
Diluted shares, weighted
57m
57m
58m
-0.3%
Shares outstanding at period end
58m
57m
56m
+1.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
658
2,412
2,176
-72.7%
Debt
676
627
624
+7.8%
Operating lease liabilities
30.0
45.1
46.3
-33.4%
Finance lease liabilities
39.2
41.9
45.4
-6.5%
Other liabilities
1,243
1,461
1,373
-15.0%
Total liabilities and equity
2,646
4,588
4,266
-42.3%
Fixed assets
343
615
544
-44.1%
Goodwill
48.4
43.0
31.2
+12.5%
Intangible assets
9.7
35.3
19.9
-72.7%
Investments
354
929
887
-61.9%
Cash and equivalents
275
338
783
-18.9%
Receivables
160
622
905
-74.2%
Inventory
646
1,443
729
-55.3%
Other assets
810
561
367
+44.4%
Total assets
2,646
4,588
4,266
-42.3%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.