SolarEdge Technologies, Inc. reported its financial results for the second quarter of 2025, revealing a revenue of $289.4 million, a 9% increase from $265.4 million in the same quarter of 2024. For the first half of 2025, the company generated $508.9 million in revenue, up from $469.8 million year-over-year. Despite the revenue growth, SolarEdge recorded a net loss of $124.7 million for the quarter, slightly improved from a loss of $130.8 million in Q2 2024. The net loss for the first half of 2025 was $223.3 million, compared to a loss of $288.1 million in the prior year.
The company’s gross profit for the second quarter was $32.1 million, a significant recovery from a gross loss of $11.0 million in the same period last year. This improvement is attributed to a reduction in the cost of revenues, which decreased to $257.3 million from $276.4 million year-over-year. Operating expenses for the quarter totaled $147.6 million, down from $149.2 million in Q2 2024, reflecting ongoing efforts to streamline operations. The company’s accumulated deficit increased to $1.25 billion as of June 30, 2025, from $1.03 billion at the end of 2024.
In terms of operational developments, SolarEdge reported a notable increase in cash and cash equivalents, which rose to $545.2 million from $274.6 million at the end of 2024. The company also saw a decrease in inventories, which fell to $529.3 million from $645.9 million, indicating improved inventory management. The total number of shares outstanding increased to 59.1 million as of June 30, 2025, from 58.0 million at the end of 2024, reflecting ongoing stock-based compensation and employee stock purchase plans.
Strategically, SolarEdge has been focusing on expanding its product offerings and market presence. The company continues to enhance its intelligent inverter solutions and has introduced new products aimed at maximizing energy generation and efficiency. Additionally, SolarEdge has been actively involved in foreign currency hedging to mitigate risks associated with its international operations. The company’s geographic expansion efforts are ongoing, with a focus on increasing its market share in key regions.
Looking ahead, SolarEdge remains cautiously optimistic about its future performance. The company anticipates continued revenue growth driven by increased product adoption and market demand for solar energy solutions. However, it also acknowledges potential challenges, including market volatility and supply chain constraints. SolarEdge is committed to maintaining its focus on innovation and operational efficiency as it navigates the evolving landscape of the renewable energy sector.
About SOLAREDGE TECHNOLOGIES, INC.
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