SOLAREDGE TECHNOLOGIES, INC.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
SEDG$25.86-6.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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ITEM 1. Financial Statements Condensed Consolidated Balance Sheets
PART I. FINANCIAL INFORMATION
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $401,364 | $274,611 |
| Restricted cash | 104,459 | 135,328 |
| Marketable securities | 250,267 | 311,279 |
| Trade receivables, net of allowances of $35,970 and $43,038, respectively | 132,577 | 160,423 |
| Inventories, net | 636,597 | 645,897 |
| Prepaid expenses and other current assets | 464,419 | 523,027 |
| Total current assets | 1,989,683 | 2,050,565 |
| LONG-TERM ASSETS: | ||
| Marketable securities | 34,051 | 42,597 |
| Property, plant and equipment, net | 339,824 | 343,438 |
| Operating lease right-of-use assets, net | 48,639 | 41,393 |
| Intangible assets, net | 8,874 | 9,666 |
| Goodwill | 48,626 | 48,380 |
| Loan receivables, net | - | 45,678 |
| Other long-term assets | 55,476 | 64,736 |
| Total long-term assets | 535,490 | 595,888 |
| Total assets | $2,525,173 | $2,646,453 |
SOLAREDGE TECHNOLOGIES INC. | 2025 Form 10-Q | F - 1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Cont.)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Trade payables | $135,435 | $107,543 |
| Employees and payroll accruals | 76,360 | 76,292 |
| Warranty obligations | 125,172 | 140,249 |
| Deferred revenues and customers advances | 76,491 | 140,870 |
| Accrued expenses and other current liabilities | 219,496 | 246,078 |
| Convertible senior notes, net | 341,472 | 346,305 |
| Total current liabilities | 974,426 | 1,057,337 |
| LONG-TERM LIABILITIES: | ||
| Convertible senior notes, net | 330,389 | 330,006 |
| Warranty obligations | 287,530 | 292,116 |
| Deferred revenues | 243,649 | 231,049 |
| Finance lease liabilities | 37,862 | 39,159 |
| Operating lease liabilities | 33,325 | 30,018 |
| Other long-term liabilities | 23,779 | 8,426 |
| Total long-term liabilities | 956,534 | 930,774 |
| COMMITMENTS AND CONTINGENT LIABILITIES | ||
| STOCKHOLDERS’ EQUITY: | ||
| Common stock of $0.0001 par value - Authorized: 125,000,000 shares; issued: 59,043,817 shares on March 31, 2025 and 58,780,490 shares on December 31, 2024; outstanding: 58,290,453 shares on March 31, 2025 and 58,027,126 shares on December 31, 2024. | 6 | 6 |
| Additional paid-in capital | 1,845,719 | 1,813,198 |
| Treasury stock, at cost; 753,364 shares held | (50,194) | (50,194) |
| Accumulated other comprehensive loss | (74,604) | (76,477) |
| Accumulated deficit | (1,126,714) | (1,028,191) |
| Total stockholders’ equity | 594,213 | 658,342 |
| Total liabilities and stockholders’ equity | $2,525,173 | $2,646,453 |
SOLAREDGE TECHNOLOGIES INC. | 2025 Form 10-Q | F - 2
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