SOLAREDGE TECHNOLOGIES, INC. Segments Disclosure
| a. |
Segment Information:
|
|
Year ended December 31,
|
||||||||||||
|
2025
|
2024
|
2023
|
||||||||||
|
Revenues
|
$
|
1,184,444
|
$
|
901,456
|
$
|
2,976,528
|
||||||
|
Less:
|
||||||||||||
|
Direct costs of goods
|
825,718
|
658,737
|
1,600,660
|
|||||||||
|
Salaries1
|
439,205
|
509,711
|
560,401
|
|||||||||
|
Inventory costs
|
28,027
|
785,616
|
61,861
|
|||||||||
|
Shipment and logistics
|
41,446
|
35,515
|
76,096
|
|||||||||
|
Warranty
|
32,448
|
68,442
|
310,186
|
|||||||||
|
Depreciation and amortization
|
30,511
|
59,865
|
57,196
|
|||||||||
|
Directly related overhead costs
|
60,013
|
54,252
|
50,795
|
|||||||||
|
Other2
|
46,183
|
423,059
|
219,446
|
|||||||||
|
Financial (income) expense, net
|
71,999
|
14,570
|
(41,212
|
)
|
||||||||
|
Income taxes
|
13,382
|
96,150
|
46,420
|
|||||||||
|
Net loss from equity method investments
|
|
960
|
1,896
|
350
|
||||||||
|
Net income (loss)
|
$
|
(405,448
|
)
|
$
|
(1,806,357
|
)
|
$
|
34,329
|
||||
| b. |
Revenues by geographic, based on customers’ location:
|
|
Year ended December 31,
|
||||||||||||
|
2025
|
2024
|
2023
|
||||||||||
|
United States
|
$
|
718,227
|
$
|
379,617
|
$
|
759,611
|
||||||
|
Europe
|
317,595
|
322,640
|
1,903,846
|
|||||||||
|
International markets
|
148,622
|
199,199
|
313,071
|
|||||||||
|
Total revenues
|
$
|
1,184,444
|
$
|
901,456
|
$
|
2,976,528
|
||||||
| c. |
Revenues by type:
|
|
Year ended December 31,
|
||||||||||||
|
2025
|
2024
|
2023
|
||||||||||
|
Inverters
|
$
|
333,806
|
$
|
247,634
|
$
|
1,374,026
|
||||||
|
Optimizers
|
489,852
|
314,916
|
902,411
|
|||||||||
|
Batteries
|
285,399
|
190,460
|
378,275
|
|||||||||
|
Energy storage systems
|
16,411
|
49,913
|
83,717
|
|||||||||
|
e-Mobility components and telematics
|
167
|
2,398
|
68,425
|
|||||||||
|
Communication
|
6,031
|
5,423
|
32,945
|
|||||||||
|
Others
|
52,778
|
90,712
|
136,729
|
|||||||||
|
Total revenues
|
$
|
1,184,444
|
$
|
901,456
|
$
|
2,976,528
|
||||||
| d. |
Long-lived assets by geographic location:
|
|
As of December 31,
|
||||||||
|
2025
|
2024
|
|||||||
|
Israel
|
$
|
224,276
|
$
|
266,254
|
||||
|
United States
|
76,510
|
87,715
|
||||||
|
Europe
|
11,114
|
19,741
|
||||||
|
Other
|
5,629
|
11,121
|
||||||
|
Total long-lived assets(*)
|
$
|
317,529
|
$
|
384,831
|
||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2023 | Feb 26, 2024 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 28, 2019 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.