Ormat Technologies (ORA) Financial Statements & Analysis

Ormat Technologies (ORA) Income Statement

Ormat Technologies reported revenue of $989.54M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 12.5% from $879.65M a year earlier. Net income was $123.90M, up 0.1% year over year, a net margin of 12.5%. Gross margin was 27.6% and operating margin 18.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $258.76M, up 10.6% from the same quarter a year earlier.

Ormat Technologies Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Ormat Technologies, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	989.54	879.65	829.42	734.16	663.08	705.34	746.04	719.27	692.81
Cost of Revenue	716.86	607.04	565.41	465.34	398.75	429.07	476.72	448.83	424.36
Gross Profit	272.69	272.62	264.02	268.82	264.34	276.28	269.32	270.44	268.45
Operating Expenses
Research & Development	6.30	6.50	7.22	5.08	4.13	5.40	4.65	4.18	3.16
Selling, General & Administrative	98.49	97.81	86.49	77.47	91.10	77.61	70.88	67.55	58.48
Operating Expenses	89.95	94.94	97.43	116.02	95.23	62.26	75.53	71.74	61.64
Operating Income	182.74	177.68	166.59	152.80	168.86	214.01	193.80	185.11	205.02
Other Income/Expense
Interest Income	6.02	7.88	11.98	3.42	2.12	1.72	1.52	0.97	0.99
Interest Expense	141.85	134.03	98.88	87.74	82.66	77.95	80.38	70.92	54.14
Other Income/Expense	-76.03	63.85	-27.47	-60.27	-68.43	-45.30	-56.49	-47.93	-34.29
Income
Income Before Tax	106.71	115.38	139.12	92.54	100.93	168.72	137.30	137.18	170.73
Income Tax Expense	-20.28	-16.29	5.98	14.74	24.85	67.00	45.61	34.73	-1.41
Net Income	123.90	123.73	124.40	65.84	62.09	85.46	88.10	97.97	170.73
Net Income - Continuous Operations	123.90	131.24	124.40	65.84	76.08	85.46	88.10	97.97	170.73
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	536.06	512.27	398.65	373.99	363.74	403.28	366.45	336.18	332.45
EBIT	247.60	249.41	167.69	169.94	176.79	194.55	-	-	-
Depreciation & Amortization	287.51	262.86	230.96	204.05	186.95	156.61	148.76	128.07	107.57
Earnings Per Share
Basic EPS	2.00	2.00	2.00	1.00	1.00	2.00	2.00	2.00	3.00
Diluted EPS	2.00	2.00	2.00	1.00	1.00	2.00	2.00	2.00	3.00
Basic Shares Outstanding	60.71	60.46	59.42	56.06	56.00	51.57	50.87	50.64	50.11
Diluted Shares Outstanding	61.36	60.79	59.76	56.50	56.40	51.94	51.23	50.97	50.77

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ormat Technologies Financial Statements

What was Ormat Technologies's revenue in fiscal 2025?

Ormat Technologies reported revenue of $989.54M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 12.5% from $879.65M a year earlier.

Is Ormat Technologies profitable?

Yes. Ormat Technologies earned net income of $123.90M in fiscal 2025, a net margin of 12.5%. In fiscal 2024 it earned $123.73M.

What is Ormat Technologies's operating margin?

Ormat Technologies's operating income was $182.74M on revenue of $989.54M in fiscal 2025, an operating margin of 18.5%, compared with 20.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition