SolarEdge Technologies, Inc. (Nasdaq: SEDG) reported fourth-quarter revenue of $335.4 million, representing a 70.9% increase compared to $196.2 million in the same period last year. The company recorded a GAAP net loss of $132.1 million for the quarter, or $2.21 per share, compared to a net loss of $287.4 million, or $5.00 per share, in the fourth quarter of 2024.

Latest Quarterly Results

Consolidated revenue for the quarter ended Dec. 31, 2025, reached $335.4 million, a 1.4% decline from the $340.2 million reported in the third quarter of 2025. The GAAP net loss of $132.1 million included a one-time, non-cash finance expense of $70.5 million resulting from exchange rate fluctuations. This expense was primarily related to the completion of the liquidation of the company’s Korean business entity.

Non-GAAP net loss for the quarter was $8.2 million, compared to a non-GAAP net loss of $18.3 million in the prior quarter. Cash flow from operating activities was $52.6 million, up from $25.6 million in the preceding quarter.

Segment Highlights

The company’s results were driven by the following volume recognized as revenue during the fourth quarter:

• Inverters: 98.8 thousand units.
• Optimizers: 2.87 million units.
• Batteries: 280 MWh for photovoltaic (PV) applications.

Full-Year 2025 Results

For the full year 2025, total revenue was $1.18 billion, a 31% increase from $901.5 million in 2024. The GAAP net loss for the year was $405.4 million, narrowing from a net loss of $1.81 billion in the prior year. Directionally, the company moved from a free cash flow deficit of $421.5 million in 2024 to a positive free cash flow of $76.9 million in 2025. GAAP gross margin for the year was 16.6%, compared to negative 97.3% in 2024.

Business and Operations Update

SolarEdge completed the liquidation of its Korean business entity during the period. Verifiable developments include the scheduled rollout of the SolarEdge Nexis platform and entering the artificial intelligence (AI) data center power market. The company reported that fourth-quarter revenue did not include significant one-time pull-forwards from safe harbor or end-of-year tax-related surges.

M&A and Strategic Moves

The company reported the completion of its Korean business liquidation as a primary driver of reclassified finance expenses. Additionally, SolarEdge recorded a $17.9 million loss from business dispositions during the year. No new mergers or acquisitions were announced in the current filing.

Guidance and Outlook

For the first quarter of 2026, the company expects revenue to be between $290 million and $320 million. Non-GAAP gross margin is projected to be in the range of 20% to 24%. Non-GAAP operating expenses are expected to be between $88 million and $93 million.

Performance Summary

SolarEdge reported $1.18 billion in annual revenue. The full-year net loss narrowed to $405.4 million. Product volume for the quarter included 2.87 million optimizers. Net cash and investments grew by $35.4 million to $244.2 million as of Dec. 31, 2025.