Ormat Technologies (ORA) Free Cash Flow (2009 - 2025)
Ormat Technologies' quarterly Free Cash Flow came in at -$40.0 million in Q4 2025, down 229.66% year-on-year from $30.9 million in Q4 2024, and up 60.79% quarter-over-quarter from -$102.1 million in Q3 2025.
Ormat Technologies has reported Free Cash Flow for 17 years, with the latest figure at -$40.0 million in Q4 2025.
- For the quarter ending Q4 2025, Free Cash Flow fell 229.66% year-over-year to -$40.0 million; the trailing twelve-month figure through Dec 2025 stood at -$284.7 million (down 270.87% YoY), and the FY2025 full-year result was -$284.7 million, down 270.87% from the prior year.
- Free Cash Flow for Q4 2025 stood at -$40.0 million, up from -$102.1 million in the prior quarter.
- The five-year high for Free Cash Flow was $30.9 million in Q4 2024, with the low at -$142.3 million in Q3 2023.
- Average Free Cash Flow over 5 years is -$55.7 million, with a median of -$52.2 million recorded in 2022.
- Year-over-year, Free Cash Flow soared 201.43% in 2024 and tumbled 2975.69% in 2025.
- Tracing ORA's Free Cash Flow over 5 years: stood at -$16.8 million in 2021, then plunged by 377.89% to -$80.4 million in 2022, then surged by 62.12% to -$30.4 million in 2023, then soared by 201.43% to $30.9 million in 2024, then tumbled by 229.66% to -$40.0 million in 2025.
- The last three Free Cash Flow figures came in at -$40.0 million (Q4 2025), -$102.1 million (Q3 2025), and -$37.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 193.97 Bn | 191.26 Bn | 1.44 Bn | 660.80 Mn |
| 2 | Enlight Renewable Energy | 13.10 Bn | 12.57 Bn | 85.64 Mn | 723.48 Mn |
| 3 | Ormat Technologies | 8.30 Bn | 8.16 Bn | 78.83 Mn | -40.04 Mn |
| 4 | Fluence Energy | 3.60 Bn | 3.28 Bn | 46.63 Mn | -123.08 Mn |
| 5 | Clearway Energy | 1.42 Bn | 4.77 Bn | 220.00 Mn | 326.00 Mn |
| 6 | XPLR Infrastructure | 1.16 Bn | 8.69 Bn | 141.00 Mn | -30.00 Mn |
| 7 | Energy Vault Holdings | 916.05 Mn | 870.62 Mn | 4.79 Mn | -60.86 Mn |
| 8 | Ellomay Capital | 782.29 Mn | 671.00 Mn | 1.49 Mn | 37,631.00 |
| 9 | ReNew Energy Global | 342.92 Mn | 58.95 Mn | 269.00 Mn | 208.00 Mn |
| 10 | Nextnrg | 90.54 Mn | 87.86 Mn | 1.71 Mn | -2.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -40.04 Mn |
| Dec 31, 2025 | -40.04 Mn |
| Sep 30, 2025 | -102.11 Mn |
| Sep 30, 2025 | -102.11 Mn |
| Jun 30, 2025 | -37.93 Mn |
| Jun 30, 2025 | -37.93 Mn |
| Mar 31, 2025 | -104.59 Mn |
| Mar 31, 2025 | -104.59 Mn |
| Dec 31, 2024 | 30.88 Mn |
| Dec 31, 2024 | 30.88 Mn |
| Sep 30, 2024 | -3.32 Mn |
| Sep 30, 2024 | -3.32 Mn |
| Jun 30, 2024 | -116.14 Mn |
| Jun 30, 2024 | -116.14 Mn |
| Mar 31, 2024 | 11.82 Mn |
| Mar 31, 2024 | 11.82 Mn |
| Dec 31, 2023 | -30.45 Mn |
| Dec 31, 2023 | -30.45 Mn |
| Sep 30, 2023 | -142.33 Mn |
| Sep 30, 2023 | -142.33 Mn |
| Jun 30, 2023 | -85.79 Mn |
| Jun 30, 2023 | -85.79 Mn |
| Mar 31, 2023 | -50.42 Mn |
| Mar 31, 2023 | -50.42 Mn |
| Dec 31, 2022 | -80.37 Mn |
| Dec 31, 2022 | -80.37 Mn |
| Sep 30, 2022 | -53.98 Mn |
| Sep 30, 2022 | -53.98 Mn |
| Jun 30, 2022 | -92.68 Mn |
| Jun 30, 2022 | -92.68 Mn |
| Mar 31, 2022 | -55.47 Mn |
| Mar 31, 2022 | -55.47 Mn |
| Dec 31, 2021 | -16.82 Mn |
| Dec 31, 2021 | -16.82 Mn |
| Sep 30, 2021 | -34.59 Mn |
| Sep 30, 2021 | -34.59 Mn |
| Jun 30, 2021 | -90.07 Mn |
| Jun 30, 2021 | -90.07 Mn |
| Mar 31, 2021 | -18.97 Mn |
| Mar 31, 2021 | -18.97 Mn |
| Dec 31, 2020 | -62.84 Mn |
| Dec 31, 2020 | -62.84 Mn |
| Sep 30, 2020 | 4.01 Mn |
| Sep 30, 2020 | 4.01 Mn |
| Jun 30, 2020 | 3.72 Mn |
| Jun 30, 2020 | 3.72 Mn |
| Mar 31, 2020 | -619,000.00 |
| Mar 31, 2020 | -619,000.00 |
| Dec 31, 2019 | -54.42 Mn |
| Dec 31, 2019 | -54.42 Mn |
| Sep 30, 2019 | -30.28 Mn |
| Sep 30, 2019 | -30.28 Mn |
| Jun 30, 2019 | 15.07 Mn |
| Jun 30, 2019 | 15.07 Mn |
| Mar 31, 2019 | 26.13 Mn |
| Mar 31, 2019 | 26.13 Mn |
| Dec 31, 2018 | -15.20 Mn |
| Dec 31, 2018 | -15.20 Mn |
| Sep 30, 2018 | -25.43 Mn |
| Sep 30, 2018 | -25.43 Mn |
| Jun 30, 2018 | -24.88 Mn |
| Jun 30, 2018 | -24.88 Mn |
| Mar 31, 2018 | -47.19 Mn |
| Mar 31, 2018 | -47.19 Mn |
| Dec 31, 2017 | -2.78 Mn |
| Dec 31, 2017 | -2.78 Mn |
| Sep 30, 2017 | -9.02 Mn |
| Sep 30, 2017 | -9.02 Mn |
| Jun 30, 2017 | -20.44 Mn |
| Jun 30, 2017 | -20.44 Mn |
| Mar 31, 2017 | 18.58 Mn |
| Mar 31, 2017 | 18.58 Mn |
| Dec 31, 2016 | -42.72 Mn |
| Dec 31, 2016 | -42.72 Mn |
| Sep 30, 2016 | -1.72 Mn |
| Sep 30, 2016 | -1.72 Mn |
| Jun 30, 2016 | 55.78 Mn |
| Jun 30, 2016 | 55.78 Mn |
| Mar 31, 2016 | -3.99 Mn |
| Mar 31, 2016 | -3.99 Mn |
| Dec 31, 2015 | 32.20 Mn |
| Dec 31, 2015 | 32.20 Mn |
| Sep 30, 2015 | -21.21 Mn |
| Sep 30, 2015 | -21.21 Mn |
| Jun 30, 2015 | -14.18 Mn |
| Jun 30, 2015 | -14.18 Mn |
| Mar 31, 2015 | 40.76 Mn |
| Mar 31, 2015 | 40.76 Mn |
| Dec 31, 2014 | 5.90 Mn |
| Dec 31, 2014 | 5.90 Mn |
| Sep 30, 2014 | 41.73 Mn |
| Sep 30, 2014 | 41.73 Mn |
| Jun 30, 2014 | -5.29 Mn |
| Jun 30, 2014 | -5.29 Mn |
| Mar 31, 2014 | 19.75 Mn |
| Mar 31, 2014 | 19.75 Mn |
| Dec 31, 2013 | -5.46 Mn |
| Dec 31, 2013 | -5.46 Mn |
| Sep 30, 2013 | -30.34 Mn |
| Sep 30, 2013 | -30.34 Mn |
| Jun 30, 2013 | -50.72 Mn |
| Jun 30, 2013 | -50.72 Mn |
| Mar 31, 2013 | -31.35 Mn |
| Mar 31, 2013 | -31.35 Mn |
| Dec 31, 2012 | -19.60 Mn |
| Dec 31, 2012 | -19.60 Mn |
| Sep 30, 2012 | -66.15 Mn |
| Sep 30, 2012 | -66.15 Mn |
| Jun 30, 2012 | -34.24 Mn |
| Jun 30, 2012 | -34.24 Mn |
| Mar 31, 2012 | -23.56 Mn |
| Mar 31, 2012 | -23.56 Mn |
| Dec 31, 2011 | -54.69 Mn |
| Dec 31, 2011 | -54.69 Mn |
| Sep 30, 2011 | -12.15 Mn |
| Sep 30, 2011 | -12.15 Mn |
| Jun 30, 2011 | -28.12 Mn |
| Jun 30, 2011 | -28.12 Mn |
| Mar 31, 2011 | -41.99 Mn |
| Mar 31, 2011 | -41.99 Mn |
| Dec 31, 2010 | -66.63 Mn |
| Dec 31, 2010 | -66.63 Mn |
| Sep 30, 2010 | -35.05 Mn |
| Sep 30, 2010 | -35.05 Mn |
| Jun 30, 2010 | -51.99 Mn |
| Jun 30, 2010 | -51.99 Mn |
| Mar 31, 2010 | -28.25 Mn |
| Mar 31, 2010 | -28.25 Mn |
| Dec 31, 2009 | -25.27 Mn |
| Dec 31, 2009 | -25.27 Mn |
| Sep 30, 2009 | -42.31 Mn |
| Sep 30, 2009 | -42.31 Mn |