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Other financials

Income statement

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Revenue$258.8M+10.6%
Gross profit$68.7M+20.7%
Operating income$34.2M-3.2%
Net income$27.1M-3.4%
EPS (diluted)$0.43-6.5%

Balance sheet

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Cash & equivalents$513.7M+481%
Total debt$46.7M+39.5%
Total equity$2.6B+4.2%
Total assets$6.8B+12.8%

Cash flow

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Operating cash flow$50.6M-47.8%
CapEx$138.0M+2.4%
Free cash flow-$87.4M-130%

Valuation

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Market cap$6.02B+16.5%
Enterprise value$5.56B+8.7%
P/E47.6×+8.2×
P/S5.1×-0.6×

Profitability

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Gross margin27.9%-1.0pp
Operating margin16.6%-2.3pp
Net margin10.7%-3.8pp
FCF margin-22.3%

Returns & leverage

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Return on equity5%-0.4pp
Debt / equity0.0×
Current ratio+0.3×

Where this comes from

Reported directly by Ormat Technologies in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Ormat Technologies’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 1:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001296445-26-000014
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total cost of revenues190,066177,123473,608333,958
Gross profit68,69856,895189,067129,822
Operating expenses:
Research and development expenses1,5011,4392,6333,981
Selling and marketing expenses5,9684,37011,5458,542
General and administrative expenses21,10419,78648,44037,695
Other operating income(1,000)(4,269)(5,125)(7,394)
Impairment of long-lived assets3168,428

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ormat Technologies's R&D?
Ormat Technologies (ORA) reported R&D of $1.5M in Q2 2026.
How has Ormat Technologies's R&D changed year-over-year?
Ormat Technologies's R&D increased by 4.3% year-over-year, from $1.44M to $1.5M.
What is the long-term trend for Ormat Technologies's R&D?
Over 3 years (2022 to 2025), Ormat Technologies's R&D has grown at a 7.5% compound annual growth rate (CAGR), from $5.08M to $6.3M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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