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How Ormat Technologies (ORA) makes money
Ormat Technologies (ORA) made $275M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Electricity brought in $164M (59%); Product brought in $61.5M (22%); Energy Storage brought in $49.9M (18%). Of every dollar of revenue, 28¢ was left as gross profit, 16¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Electricity | $164M | 59.5% | -3% | -2% |
| Product | $61.5M | 22.4% | +32% | -1% |
| Energy Storage | $49.9M | 18.2% | +17% | +145% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $275M | 100.0% |
| Cost of revenue | $198M | 71.9% |
| Gross profit | $77.4M | 28.1% |
| Operating expenses | $32.1M | 11.7% |
| Operating profit | $45.2M | 16.4% |
| Net earnings | $31.9M | 11.6% |
| Operating cash flow | $99.7M | 36.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $275M | +10% |
| Q2 2026 | $259M | +11% |
| Q1 2026 | $404M | +76% |
| Q4 2025 | $276M | +20% |
| Q3 2025 | $250M | +18% |
| Q2 2025 | $234M | +10% |
| Q1 2025 | $230M | +2% |
From Ormat Technologies' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Ormat Technologies make money?
Ormat Technologies (ORA) made $275M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Electricity brought in $164M (59%); Product brought in $61.5M (22%); Energy Storage brought in $49.9M (18%). Of every dollar of revenue, 28¢ was left as gross profit, 16¢ was left as operating profit, 12¢ was left as net earnings.
What is Ormat Technologies' biggest business?
Electricity: $164M in the third quarter 2026, 59% of revenue, -2% from a year earlier.
What is Ormat Technologies' profit margin?
Net earnings were $31.9M, 11.6% of revenue, in the third quarter 2026; the operating margin was 16.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.