SEDG (SEDG) revenue breakdown
By segment, Solar Segment Revenues is the largest at 93% of fiscal 2024 revenue; All Other Segment Revenues grew fastest, -8% a year over 5 years.
By product, Optimizers is the largest at 41% of fiscal 2025 revenue; Batteries For Pv Applications grew fastest, 96% a year over 4 years.
Revenue by segment
Fiscal years, as SEDG reports them in its 10-K filings; fiscal 2024 total $901M.
| Segments | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share |
|---|---|---|---|---|---|---|---|
| Solar Segment Revenues | $1.3B | $1.4B | $1.8B | $2.9B | $2.8B | $842M | 93% |
| All Other Segment Revenues | $89M | $103M | $93M | $188M | $160M | $58M | 6% |
| Revenues From Financing Componen | — | — | $418,000 | $614,000 | $834,000 | $984,000 | 0% |
| Energy Storage Segment Revenues | — | — | $83M | — | — | — | — |
| Adjustment of Intersegment Revenues | — | -$794,000 | — | — | — | — | — |
Revenue by product
Fiscal years, as SEDG reports them in its 10-K filings; fiscal 2025 total $1.2B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Optimizers | $245M | $287M | $432M | $634M | $625M | $829M | $1.1B | $902M | $315M | $490M | 41% |
| Inverters | $224M | $291M | $417M | $626M | $642M | $828M | $1.1B | $1.4B | $248M | $334M | 28% |
| Batteries For Pv Applications | — | — | — | — | — | $20M | $429M | $378M | $190M | $285M | 24% |
| Other Products | $21M | $30M | $88M | $165M | $137M | $195M | $165M | $137M | $91M | $53M | 4% |
| Energy Storage Systems | — | — | — | — | — | — | $76M | $84M | $50M | $16M | 1% |
| Communication | — | — | — | — | $42M | $24M | $73M | $33M | $5M | $6M | 1% |
| e-Mobility components and telematics | — | — | — | — | $13M | $69M | $94M | $68M | $2M | $167,000 | 0% |
Revenue by region
Fiscal years, as SEDG reports them in its 10-K filings; fiscal 2025 total $1.2B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $334M | $349M | $505M | $679M | $613M | $786M | $1.1B | $760M | $380M | $718M | 61% |
| Europe Except Netherlands | — | — | $176M | $346M | $234M | $298M | $528M | $1.9B | $323M | $318M | 27% |
| Others | $44M | $60M | $132M | $202M | $220M | $285M | $286M | $313M | $199M | $149M | 13% |
| Germany | — | — | — | — | $118M | $191M | $449M | — | — | — | — |
| Netherlands | $36M | $70M | $124M | $200M | $199M | $222M | $382M | — | — | — | — |
| Italy | — | — | — | — | $75M | $182M | $331M | — | — | — | — |
| Europe | $75M | $128M | — | — | — | — | — | — | — | — | — |
Questions
Where does SEDG make its money?
In fiscal 2024, by segment: Solar Segment Revenues $842M, All Other Segment Revenues $58M, Revenues From Financing Componen $984,000.
From SEDG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.