Ormat Technologies, Inc. (ORA) — Financial statements
Income statement, balance sheet, and cash flow for Ormat Technologies, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 990↑12.5% | 880↑6.1% | 829↑13.0% | 734↑10.7% | 663 | |
| Cost of Revenue | 717↑18.1% | 607↑7.4% | 565↑21.5% | 465↑16.7% | 399 | |
| Gross Profit | 273↑0.0% | 273↑3.3% | 264↓1.8% | 269↑1.7% | 264 | |
| Operating Expenses | ||||||
| R&D Expenses | 6↓3.0% | 7↓9.9% | 7↑42.1% | 5↑23.0% | 4 | |
| General & Administrative Expenses | 80↓0.7% | 80↑17.5% | 68↑11.3% | 61↓19.3% | 76 | |
| Selling & Marketing Expenses | 19↑6.8% | 18↓3.3% | 18↑13.0% | 16↑6.5% | 15 | |
| SG&A Expenses | 98↑0.7% | 98↑13.1% | 86↑11.6% | 77↓15.0% | 91 | |
| Other Expenses | -15↓256.4% | -4↓211.6% | 4↓88.8% | 33↑13598.4% | -0.25 | |
| Operating Expenses | 90↓10.2% | 100↑2.8% | 97↓16.0% | 116↑22.2% | 95 | |
| Total Costs & Expenses | 807↑14.1% | 707↑6.7% | 663↑14.0% | 581↑17.7% | 494 | |
| Operating Results | ||||||
| Operating Income | 183↑6.0% | 172↑3.5% | 167↑9.0% | 153↓9.8% | 169 | |
| Depreciation & Amortization | 288↑9.4% | 263↑16.9% | 225↑13.1% | 199↑8.6% | 183 | |
| EBITDA | 536↑4.6% | 512↑10.7% | 463↑21.1% | 382↑3.5% | 369 | |
| EBIT | 249↓0.3% | 249↑4.8% | 238↑29.8% | 183↓1.5% | 186 | |
| Interest & Other Income | ||||||
| Net Interest Income | -136↓7.7% | -126↓45.2% | -87↓3.1% | -84↓4.7% | -81 | |
| Interest Income | 6↓23.7% | 8↓34.2% | 12↑250.7% | 3↑60.9% | 2 | |
| Interest Expense | 142↑5.8% | 134↑35.5% | 99↑12.7% | 88↑6.2% | 83 | |
| Non-Operating Income | -66↑14.4% | -77↓7.8% | -71↓133.7% | -31↓81.3% | -17 | |
| Other Income / Expenses | -76↓32.2% | -58↓109.4% | -27↑54.4% | -60↑11.9% | -68 | |
| Income Before Tax | 107↓7.2% | 115↓17.4% | 139↑50.3% | 93↓8.3% | 101 | |
| Income Tax Expense | -20↓24.5% | -16↓372.3% | 6↓59.4% | 15↓40.7% | 25 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 127↓3.2% | 131↓1.4% | 133↑71.1% | 78↑2.3% | 76 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 124↑0.1% | 124↓0.5% | 124↑88.9% | 66↑6.0% | 62 | |
| Bottom-Line Net Income | 124↑0.1% | 124↓0.5% | 124↑88.9% | 66↑6.0% | 62 | |
| EPS (Basic) | 2.04↓0.5% | 2.05↓1.9% | 2.09↑78.6% | 1.17↑5.4% | 1.11 | |
| EPS (Diluted) | 2.02↓1.0% | 2.04↓1.9% | 2.08↑77.8% | 1.17↑6.4% | 1.10 | |
| Weighted Average Shares | 61↑0.4% | 60↑1.7% | 59↑6.0% | 56↑0.1% | 56 | |
| Weighted Average Diluted Shares | 61↑0.9% | 61↑1.7% | 60↑5.8% | 57↑0.2% | 56 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.