CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 439,515	$ 274,611
Restricted cash	47,481	135,328
Marketable securities	59,064	311,279
Trade receivables, net of allowances of $20,840 and $43,038, respectively	286,258	160,423
Inventories, net	530,799	645,897
Prepaid expenses and other current assets	404,399	523,027
Total current assets	1,767,516	2,050,565
LONG-TERM ASSETS:
Marketable securities	0	42,597
Property, plant and equipment, net	318,230	343,438
Operating lease right-of-use assets, net	41,937	41,393
Intangible assets, net	7,754	9,666
Goodwill	50,520	48,380
Loan receivables, net	0	45,678
Other long-term assets	46,353	64,736
Total long-term assets	464,794	595,888
Total assets	2,232,310	2,646,453
CURRENT LIABILITIES:
Trade payables	283,505	107,543
Employees and payroll accruals	70,829	76,292
Warranty obligations	111,738	140,249
Deferred revenues and customers advances	45,873	140,870
Accrued expenses and other current liabilities	262,842	246,078
Convertible senior notes, net	0	346,305
Total current liabilities	774,787	1,057,337
LONG-TERM LIABILITIES:
Convertible senior notes, net	331,169	330,006
Warranty obligations	283,106	292,116
Deferred revenues	277,131	231,049
Finance lease liabilities	40,959	39,159
Operating lease liabilities	29,961	30,018
Other long-term liabilities	15,437	8,426
Total long-term liabilities	977,763	930,774
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS’ EQUITY:
Common stock of $0.0001 par value - Authorized: 125,000,000 shares; issued: 59,800,052 shares asof September 30, 2025 and 58,780,490 shares as of December 31, 2024; outstanding: 59,559,546shares as of September 30, 2025 and 58,027,126 shares as of December 31, 2024.	6	6
Additional paid-in capital	1,861,340	1,813,198
Treasury stock, at cost; 240,506 and 753,364 stocks held as of September 30, 2025 and December 31, 2024, respectively	(16,024)	(50,194)
Accumulated other comprehensive loss	(64,044)	(76,477)
Accumulated deficit	(1,301,518)	(1,028,191)
Total stockholders’ equity	479,760	658,342
Total liabilities and stockholders' equity	$ 2,232,310	$ 2,646,453

SOLAREDGE TECHNOLOGIES, INC. 10-Q