ORMAT TECHNOLOGIES, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $989.5M | $879.7M | $829.4M | $734.2M | $663.1M |
| Cost of revenue | $716.9M | $607.0M | $565.4M | $465.3M | $398.7M |
| Gross profit | $272.7M | $272.6M | $264.0M | $268.8M | $264.3M |
| Research and development | $6.3M | $6.5M | $7.2M | $5.1M | $4.1M |
| Operating income | $169.2M | $172.5M | $166.6M | $152.8M | $169.4M |
| Interest expense | $141.9M | $134.0M | $98.9M | $87.7M | $82.7M |
| Pretax income | $105.7M | $115.4M | $139.1M | $95.6M | $103.6M |
| Income tax expense | -$20.3M | -$16.3M | $6.0M | $14.7M | $24.9M |
| Net income | $123.9M | $123.7M | $124.4M | $65.8M | $62.1M |
| Balance Sheet | |||||
| Cash and equivalents | $147.4M | $94.4M | $195.8M | $95.9M | $239.3M |
| Current assets | $597.8M | $547.1M | $646.0M | $456.7M | $601.9M |
| Total assets | $6.2B | $5.7B | $5.2B | $4.6B | $4.4B |
| Current liabilities | $738.4M | $598.1M | $537.0M | $343.9M | $544.2M |
| Total liabilities | $3.6B | $3.1B | $2.8B | $2.6B | $2.4B |
| Total debt | $2.0B | — | — | — | — |
| Stockholders' equity | $2.5B | $2.4B | $2.3B | $1.9B | $1.9B |
| Cash Flow Statement | |||||
| Cash from operations | $335.1M | $410.9M | $309.4M | $281.0M | $258.8M |
| Depreciation and amortization | $292.1M | $262.9M | $224.8M | $198.8M | $183.0M |
| Stock-based compensation | $19.4M | $20.2M | $15.5M | $11.6M | $9.2M |
| Capital expenditure | $619.8M | $487.7M | $618.4M | $563.5M | $419.3M |
| Free cash flow | -$284.7M | -$76.8M | -$309.0M | -$282.5M | -$160.4M |
| Dividends paid | $29.1M | $29.1M | $28.4M | $27.1M | $27.0M |
| Share repurchases | — | $0 | $0 | $18.0M | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 61.5M · Free float 95.0%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.