SolarEdge reported revenues of $219.5 million and a GAAP net loss of $98.5 million for Q1 2025, showing improvement compared to the prior quarter. The company achieved positive free cash flow for the second consecutive quarter.
Revenues for Q1 2025 were $219.5 million, an increase from the prior quarter.
GAAP net loss improved significantly to $98.5 million from $287.4 million in the prior quarter.
GAAP gross margin turned positive at 8.0%, compared to negative 57.2% in the prior quarter.
Generated $19.8 million in non-GAAP free cash flow, marking the second consecutive quarter of positive free cash flow.
For the second quarter ending June 30, 2025, SolarEdge expects revenues between $265 million and $285 million, non-GAAP gross margin between 8% and 12%, and non-GAAP operating expenses between $90 million and $95 million.
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