| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 654,645 | 147,448 | 79,555 | 88,492 |
| Restricted cash and cash equivalents (primarily related to vies) | 108,297 | 133,418 | 126,182 | 117,572 |
| Trade less allowance for credit losses of 474 and 308, respectively (primarily related to vies) | 170,917 | 164,772 | 150,066 | 154,277 |
| Other | 31,333 | 36,711 | 38,747 | 39,227 |
| Inventories | 45,561 | 45,268 | 44,604 | 44,907 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | 35,671 | 30,011 | 23,127 | 12,926 |
| Prepaid expenses and other | 35,801 | 40,141 | 42,434 | 51,508 |
| Total current assets | 1,082,225 | 597,769 | 504,715 | 508,909 |
| Investment in unconsolidated companies | 200,901 | 162,111 | 160,369 | 160,178 |
| Deposits and other (primarily related to vies) | 157,536 | 137,744 | 119,873 | 102,483 |
| Deferred income taxes | 127,557 | 138,903 | 159,667 | 176,897 |
| Property, plant and equipment, net (3,584,646 and 3,460,079 related to vies, respectively) | 3,792,223 | 3,672,569 | 3,590,567 | 3,544,564 |
| Construction-in-process (305,196 and 392,644 related to vies, respectively) | 923,262 | 1,048,174 | 1,067,942 | 1,024,241 |
| Operating leases right of use (24,832 and 17,236 related to vies, respectively) | 48,976 | 41,756 | 35,583 | 35,240 |
| Financeleases right of use(none related to vies) | 4,458 | 4,690 | 4,467 | 3,648 |
| Intangible assets, net | 267,224 | 274,548 | 281,804 | 289,061 |
| Goodwill | 168,076 | 168,244 | 167,871 | 170,391 |
| Total assets | 6,772,438 | 6,246,508 | 6,092,858 | 6,015,612 |
| Accounts payable and accrued expenses | 190,710 | 234,757 | 190,079 | 212,617 |
| Short term revolving credit lines with banks (full recourse) | 0 | 80,000 | 35,000 | 96,500 |
| Commercial paper (less deferred financing costs of 16 and 17, respectively) | 99,984 | 99,983 | 99,981 | 99,980 |
| Convertible senior notes (less deferred financing costs of 5,463) | 360,112 | NaN | NaN | NaN |
| Billings in excess of costs and estimated earnings on uncompleted contracts | 5,256 | 13,159 | 32,681 | 37,693 |
| Limited and non-recourse (primarily related to vies) | 125,211 | 79,885 | 79,313 | 70,570 |
| Full recourse | 214,301 | 214,207 | 201,843 | 201,251 |
| Current portion of financing liability | 9,962 | 9,749 | 9,749 | 5,905 |
| Operating lease liabilities | 5,357 | 4,764 | 4,310 | 4,464 |
| Finance lease liabilities | 1,807 | 1,884 | 1,881 | 1,696 |
| Full recourse (less deferred financing costs of 4,359 and 4,671, respectively) | NaN | NaN | 951,912 | 997,139 |
| Total current liabilities | 1,012,700 | 738,388 | 654,837 | 730,676 |
| Limited and non-recourse (primarily related to vies and less deferred financing costs of 12,906 and 13,488, respectively) | 586,703 | 645,803 | 664,321 | 542,437 |
| Full recourse (less deferred financing costs of 3,961 and 4,248, respectively) | 959,349 | 1,009,090 | NaN | NaN |
| Convertible senior notes (less deferred financing costs of 19,089 and 4,103, respectively) | 805,911 | 472,334 | 471,663 | 470,981 |
| Financing liability | 203,822 | 206,647 | 206,647 | 213,810 |
| Operating lease liabilities | 36,501 | 29,760 | 25,404 | 25,285 |
| Finance lease liabilities | 2,713 | 2,850 | 2,646 | 2,042 |
| Liability associated with sale of tax benefits | 181,384 | 190,168 | 195,364 | 136,778 |
| Deferred income taxes | 72,467 | 68,661 | 74,404 | 72,544 |
| Liability for unrecognized tax benefits | 10,360 | 10,378 | 7,125 | 7,583 |
| Liabilities for severance pay | 12,339 | 11,942 | 11,378 | 11,984 |
| Asset retirement obligation | 138,334 | 135,574 | 139,443 | 137,266 |
| Other long-term liabilities | 31,308 | 33,637 | 34,857 | 37,314 |
| Total liabilities | 4,053,890 | 3,555,232 | 3,440,001 | 3,385,839 |
| Redeemable noncontrolling interest | 10,088 | 10,402 | 9,904 | 10,985 |
| Common stock, par value 0.001 per share 200,000,000 shares authorized 61,935,012 and 61,104,078 shares issued 61,451,752 and 60,845,411 shares outstanding, respectively | 62 | 61 | 61 | 61 |
| Additional paid-in capital | 1,666,043 | 1,654,635 | 1,649,718 | 1,644,777 |
| Treasury stock, at cost (483,260 and 258,667 shares held, respectively) | 42,359 | 17,964 | 17,964 | 17,964 |
| Retained earnings | 945,905 | 909,343 | 885,233 | 868,371 |
| Accumulated other comprehensive income (loss) | 1,288 | -2,132 | -7,251 | -2,297 |
| Total stockholders' equity attributable to company's stockholders | 2,570,939 | 2,543,943 | 2,509,797 | 2,492,948 |
| Noncontrolling interest | 137,521 | 136,931 | 133,156 | 125,840 |
| Total equity | 2,708,460 | 2,680,874 | 2,642,953 | 2,618,788 |
| Total liabilities, redeemable noncontrolling interest and equity | 6,772,438 | 6,246,508 | 6,092,858 | 6,015,612 |
ORMAT TECHNOLOGIES, INC. (ORA)
ORMAT TECHNOLOGIES, INC. (ORA)