SUNation Energy, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $71.9M | $56.9M | $79.6M | $27.5M | $38,162 |
| Cost of revenue | $44.4M | $36.4M | $51.9M | $20.1M | $4.6M |
| Gross profit | $27.5M | $20.4M | $27.7M | $7.4M | $38,162 |
| Selling, general & administrative | $27.0M | $27.1M | $29.1M | $12.2M | $1.1M |
| Operating expenses | $29.2M | $32.7M | $35.2M | $17.8M | $4.9M |
| Operating income | -$1.7M | -$12.3M | -$7.5M | -$10.4M | -$4.9M |
| Interest expense | $1.0M | $3.1M | $2.7M | $976,606 | $1.4M |
| Pretax income | -$10.8M | -$15.8M | -$6.8M | -$3.3M | -$6.2M |
| Income tax expense | $51,140 | $34,819 | $119,176 | $12,237 | $24,575 |
| Net income | -$10.9M | -$15.8M | -$8.1M | -$10.4M | -$6.2M |
| Balance Sheet | |||||
| Cash and equivalents | $7.2M | $839,268 | $3.6M | $2.2M | $18,966 |
| Current assets | $16.5M | $11.1M | $15.8M | $26.0M | $18,966 |
| Total assets | $48.2M | $45.7M | $58.2M | $74.7M | $2.8M |
| Current liabilities | $15.4M | $27.2M | $22.4M | $25.9M | $2.9M |
| Stockholders' equity | $24.3M | $8.5M | $20.4M | $27.2M | -$8.6M |
| Cash Flow Statement | |||||
| Cash from operations | $954,978 | -$6.3M | -$667,177 | -$7.6M | -$811,017 |
| Depreciation and amortization | $2.5M | $3.2M | $5.1M | $3.2M | $1.4M |
| Stock-based compensation | $85,226 | $29,002 | $1.2M | $309,205 | $100,000 |
| Capital expenditure | $48,594 | $32,785 | $655,691 | $116,909 | $35,000 |
| Free cash flow | $906,384 | -$6.3M | -$1.3M | -$7.7M | -$846,017 |
| Dividends paid | — | — | — | — | $34.0M |
| Share repurchases | — | $6,098 | $38,403 | — | $4.8M |
| Impairments | $750,000 | $750,000 | — | $250,000 | $206,261 |
Shares outstanding 4.1M
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.