WS News
06 May 2025, 20:13
SolarEdge Reports Q1 2025 Results: Revenue Rises but Losses Continue Amid Strategic Turnaround
SolarEdge Technologies reported Q1 2025 revenue of $219.5 million, a 12% increase from the previous quarter, with non-GAAP revenue at $212.1 million after excluding discontinued operations. The company shipped 1,208 MW of inverters and 180 MWh of batteries. Despite this growth, it recorded a GAAP net loss of $98.5 million ($1.70 per share), improving from a $287.4 million loss in Q4 2024. On a non-GAAP basis, the net loss was $66.1 million ($1.14 per share), versus $202.5 million the previous quarter.
Gross margin turned positive at 8.0% (GAAP) and 7.8% (non-GAAP), rebounding from deeply negative margins in Q4. Operating cash flow was $33.8 million and free cash flow came in at $19.8 million, both marking the second consecutive quarter of positive free cash flow. Total cash and equivalents rose to $113.2 million net of debt, up from $81.9 million at the end of 2024.
For Q2 2025, SolarEdge projects revenue between $265 million and $285 million and expects non-GAAP gross margin of 8–12%, which includes a ~2% negative impact from new tariffs. Non-GAAP operating expenses are forecast to be $90–95 million.
SolarEdge Technologies reported Q1 2025 revenue of $219.5 million, a 12% increase from the previous quarter, with non-GAAP revenue at $212.1 million after excluding discontinued operations. The company shipped 1,208 MW of inverters and 180 MWh of batteries. Despite this growth, it recorded a GAAP net loss of $98.5 million ($1.70 per share), improving from a $287.4 million loss in Q4 2024. On a non-GAAP basis, the net loss was $66.1 million ($1.14 per share), versus $202.5 million the previous quarter.
Gross margin turned positive at 8.0% (GAAP) and 7.8% (non-GAAP), rebounding from deeply negative margins in Q4. Operating cash flow was $33.8 million and free cash flow came in at $19.8 million, both marking the second consecutive quarter of positive free cash flow. Total cash and equivalents rose to $113.2 million net of debt, up from $81.9 million at the end of 2024.
For Q2 2025, SolarEdge projects revenue between $265 million and $285 million and expects non-GAAP gross margin of 8–12%, which includes a ~2% negative impact from new tariffs. Non-GAAP operating expenses are forecast to be $90–95 million.