Ormat Technologies, Inc. income statement

In fiscal 2025, Ormat Technologies, Inc. reported revenue of $990m, up 12.5% on the year before, operating income of $169m (a 17.1% margin) and net income of $124m, or $2.02 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ormat Technologies, Inc.: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	412	373	425	502	533	560	595	663	693	719	746	705	663	734	829	880	990	1,188
Cost of revenue	292	296	312	373	373	356	376	392	424	449	477	429	399	465	565	607	717	857
Gross profit	120	78	114	129	160	204	218	271	268	270	269	276	264	269	264	273	273	332
Research and development	11	10	9	6	5	1	2	3	3	4	5	5	4	5	7	7	6	5
Selling and marketing	15	13	16	16	25	15	16	16	16	20	15	17	15	16	18	18	19	22
General and administrative	26	27	27	28	29	29	35	47	43	48	56	60	76	61	68	80	80	90
Operating income	67	24	62	−160	97	143	164	202	205	185	194	214	169	153	167	172	169	197
Interest expense	16	40	69	64	74	85	73	67	54	71	80	78	83	88	99	134	142	160
Income before tax	78	31	4	−212	51	86	114	141	171	137	137	169	104	96	139	115	106	92
Income tax	15	−1	48	2	14	28	−16	37	22	35	46	67	25	15	6	−16	−20	−36
Net income	69	37	−43	−213	41	54	120	89	132	98	88	85	62	66	124	124	124	127
Diluted EPS	$1.51	$0.82	−$0.95	−$4.69	$0.91	$1.18	$2.45	$1.77	$2.61	$1.92	$1.72	$1.65	$1.10	$1.17	$2.08	$2.04	$2.02	$2.04
Diluted shares (average)	46m	45m	45m	45m	45m	46m	49m	50m	51m	51m	51m	52m	56m	57m	60m	61m	61m	62m
EBITDA	131	110	155	−60	190	244	271	308	320	317	343	371	352	352	391	435	461	506

US$ millions unless shown otherwise. Fiscal quarters.

Ormat Technologies, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	212	231	230	234	250	276	404	259
Cost of revenue	153	157	157	177	186	197	284	190
Gross profit	59	74	73	57	64	79	120	69
Research and development	2	1	3	1	1	1	1	2
Selling and marketing	4	4	4	4	5	5	6	6
General and administrative	23	20	18	20	20	22	27	21
Operating income	36	49	51	35	40	43	80	34
Interest expense	35	35	34	37	36	35	45	44
Income before tax	25	32	38	22	20	26	29	17
Income tax	−1	−12	−4	−5	−4	−7	−15	−10
Net income	22	41	40	28	24	31	44	27
Diluted EPS	$0.36	$0.67	$0.66	$0.46	$0.39	$0.51	$0.71	$0.43
EBITDA	102	119	121	105	115	120	157	114

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: ORA vs RNW CWEN vs ORA ENLT vs ORA

More: Renewable Electricity stocks compared, Utilities sector, rankings of US companies

Figures from Ormat Technologies, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ormat Technologies, Inc.