What is Ormat Technologies's net debt?

Ormat Technologies (ORA) reported net debt of -$608.27M in Q1 2026.

How has Ormat Technologies's net debt changed year-over-year?

Ormat Technologies's net debt decreased by 629.9% year-over-year, from -$83.33M to -$608.27M.

What is the long-term trend for Ormat Technologies's net debt?

Over 5 years (2020 to 2025), Ormat Technologies's net debt has grown at a -21.6% compound annual growth rate (CAGR), from -$360.6M to -$106.51M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Ormat Technologies ORA Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$403.9M+75.8%

Gross profit$120.4M+65.1%

Operating income$80.3M+57.6%

Net income$44.1M+9.2%

EPS (diluted)$0.71+7.6%

Balance sheet

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Cash & equivalents$654.6M+481%

Total debt$46.4M+57.9%

Total equity$2.6B+4.5%

Total assets$6.8B+16.0%

Cash flow

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Operating cash flow$78.6M-10.7%

CapEx$113.8M-40.9%

Free cash flow-$35.2M+66.3%

Valuation

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Market cap$7.85B+60.3%

Enterprise value$7.24B+49.0%

P/E61.5×+22.5×

P/S6.7×+1.2×

Profitability

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Gross margin27.5%-2.6pp

Operating margin17.1%-2.2pp

Net margin11%-3.2pp

FCF margin-18.5%—

Returns & leverage

See full

Return on equity5.1%-0.1pp

Debt / equity0×0.0×

Current ratio1.1×+0.1×

Where this comes from

Calculated from Ormat Technologies’s reported figures.

$46.4Mtotal debt−$654.6Mcash and equivalents=-$608.27M

The official record: Ormat Technologies’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ormat Technologies's net debt?: Ormat Technologies (ORA) reported net debt of -$608.27M in Q1 2026.
How has Ormat Technologies's net debt changed year-over-year?: Ormat Technologies's net debt decreased by 629.9% year-over-year, from -$83.33M to -$608.27M.
What is the long-term trend for Ormat Technologies's net debt?: Over 5 years (2020 to 2025), Ormat Technologies's net debt has grown at a -21.6% compound annual growth rate (CAGR), from -$360.6M to -$106.51M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.