SolarEdge Technologies Q1 2025 10-Q: Tax Credits & Receivables Detailed
Ticker: SEDG · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z
Sentiment: neutral
Topics: tax-credits, receivables, supply-chain, financials
TL;DR
SolarEdge Q1 10-Q shows AMPTC, tax receivables, and vendor component sales. #SolarEdge #10Q
AI Summary
SolarEdge Technologies, Inc. filed its 10-Q for the period ending March 31, 2025. The filing details various financial components, including Advanced Manufacturing Production Tax Credits (AMPTC) under IRC Section 45X, income tax receivables, and value-added tax receivables. It also mentions vendor non-trade receivables from the sale of components to manufacturing vendors.
Why It Matters
This filing provides insight into SolarEdge's tax credit utilization and its complex supply chain relationships, which can impact future profitability and operational efficiency.
Risk Assessment
Risk Level: medium — The company's reliance on tax credits and complex vendor relationships introduces financial and operational risks.
Key Numbers
- $<1 — AMPTC, Income Tax Receivables, VAT Receivables (Represents amounts less than $1, indicating these are components of the company's financial position.)
Key Players & Entities
- SolarEdge Technologies, Inc. (company) — Filer of the 10-Q
- March 31, 2025 (date) — End of reporting period
- Advanced Manufacturing Production Tax Credits (AMPTC) (other) — Incentive for US production under IRC Section 45X
- IRC Section 45X (other) — Governs AMPTC
FAQ
What is the nature of the vendor non-trade receivables mentioned in the filing?
These receivables are derived from the sale of components to manufacturing vendors who then use these components to produce products, components, and testing equipment for SolarEdge.
What is the purpose of the Advanced Manufacturing Production Tax Credits (AMPTC)?
The AMPTC incentivize the production of eligible components within the U.S. under IRC Section 45X.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending March 31, 2025.
Where is SolarEdge Technologies, Inc. incorporated?
SolarEdge Technologies, Inc. is incorporated in Delaware (DE).
Does SolarEdge report the sale of components to contract manufacturers in its revenues?
No, the company does not reflect the sale of these components to the contract manufacturers in its revenues.
From the Filing
0001178913-25-001662.txt : 20250508 0001178913-25-001662.hdr.sgml : 20250508 20250508075203 ACCESSION NUMBER: 0001178913-25-001662 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 103 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOLAREDGE TECHNOLOGIES, INC. CENTRAL INDEX KEY: 0001419612 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 205338862 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36894 FILM NUMBER: 25923947 BUSINESS ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 1 HAMADA STREET CITY: HERZILIYA PITUACH PROVINCE COUNTRY: L3 BUSINESS PHONE: 972 (9) 957-6620 MAIL ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 1 HAMADA STREET CITY: HERZILIYA PITUACH PROVINCE COUNTRY: L3 FORMER COMPANY: FORMER CONFORMED NAME: SolarEdge Technologies Inc DATE OF NAME CHANGE: 20071128 10-Q 1 zk2533074.htm 10-Q Q1 2025 SOLAREDGE TECHNOLOGIES, INC. - 1419612 - 2025 Represents an amount less than $1. Including (1) Advanced Manufacturing Production Tax Credits (“AMPTC”), which incentivize the production of eligible components within the U.S. under IRC Section 45X, (2) income tax receivables and (3) value-added tax receivables from tax authorities. Vendor non-trade receivables derived from the sale of components to manufacturing vendors who manufacture products, components and other testing equipment for the Company. The Company purchases these components directly from other suppliers. The Company does not reflect the sale of these components to the contract manufacturers in its revenues. http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssets http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssets http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 0001419612 --12-31 Q1 false Including stock-based compensation expenses. Represents indirect costs of goods, consultants and sub-contractors, marketing and bad debt. 0001419612 2024-01-01 2024-03-31 0001419612 2025-01-01 2025-03-31 0001419612 2024-03-31 0001419612 2025-03-31 0001419612 2023-12-31 0001419612 2024-12-31 0001419612 2024-07-01 2024-07-31 0001419612 2024-06-01 2024-06-30 0001419612 us-gaap:StockCompensationPlanMember 2024-01-01 2024-03-31 0001419612 us-gaap:StockCompensationPlanMember 2025-01-01 2025-03-31 0001419612 sedg:NotesDue2025Member 2024-01-01 2024-03-31 0001419612 sedg:NotesDue2025Member 2025-01-01 2025-03-31 0001419612 sedg:NotesDue2029Member 2024-01-01 2024-03-31 0001419612 sedg:NotesDue2029Member 2025-01-01 2025-03-31 0001419612 us-gaap:RetainedEarningsMember 2023-12-31 0001419612 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001419612 us-gaap:TreasuryStockCommonMember 2023-12-31 0001419612 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001419612 us-gaap:CommonStockMember 2023-12-31 0001419612 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001419612 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001419612 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001419612 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001419612 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001419612 us-gaap:RetainedEarningsMember 2024-03-31 0001419612 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001419612 us-gaap:TreasuryStockCommonMember 2024-03-31 0001419612 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001419612 us-gaap:CommonStockMember 2024-03-31 0001419612 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001419612 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001419612 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0001419612 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-