NASDAQ : SUNE
SUNation Energy Inc. — Financial statements
Technology · Solar · United States
Last price 2.12 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 13.81M
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Financial statements
SUNation Energy Inc. (SUNE) reported revenue of 61.56M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 61.56M | 71.91M | 56.86M | 79.63M | 27.52M | 38.16K |
| Cost of Revenue | 39.57M | 44.36M | 36.44M | 51.94M | 20.14M | |
| Gross Profit | 21.99M | 27.54M | 20.43M | 27.70M | 7.38M | 38.16K |
| Selling, General & Admin | 24.04M | 26.98M | 27.05M | 29.07M | 12.21M | 1.06M |
| Amortization of Goodwill & Intangibles | 2.24M | 2.24M | 2.84M | 4.74M | 3.13M | 1.43M |
| Operating Expenses | 26.28M | 29.22M | 29.89M | 33.81M | 15.34M | 2.49M |
| Operating Income | -4.28M | -1.67M | -9.47M | -6.12M | -7.97M | -2.45M |
| Interest Expense | -600.39K | -1.04M | -3.09M | -2.66M | -976.61K | -1.37M |
| Interest & Investment Income | 92.94K | 106.62K | 144.53K | 191.58K | 119.63K | |
| Other Non Operating Income (Expenses) | -157.56K | -7.93M | -1.04M | -284.10K | ||
| EBT Excluding Unusual Items | -4.95M | -10.53M | -13.45M | -8.58M | -9.11M | -3.82M |
| Merger & Restructuring Charges | -1.95M | -2.41M | ||||
| Impairment of Goodwill | -3.10M | |||||
| Gain (Loss) on Sale of Investments | -250.00K | |||||
| Gain (Loss) on Sale of Assets | 3.70K | -822.00 | 437.12K | 1.23M | ||
| Asset Writedown | -750.00K | |||||
| Other Unusual Items | -227.47K | -307.39K | 1.49M | 1.32M | 6.81M | |
| Pretax Income | -5.17M | -10.84M | -15.81M | -6.82M | -3.27M | -6.24M |
| Income Tax Expense | 45.04K | 51.14K | 34.82K | 119.18K | 12.24K | |
| Earnings From Continuing Operations | -5.22M | -10.89M | -15.85M | -6.94M | -3.28M | -6.24M |
| Earnings From Discontinued Operations | -1.19M | -7.07M | ||||
| Net Income | -5.22M | -10.89M | -15.85M | -8.13M | -10.35M | -6.24M |
| Preferred Dividends & Other Adjustments | 11.59M | 16.86M | ||||
| Net Income to Common | -5.22M | -10.89M | -27.44M | -8.13M | -27.22M | -6.24M |
| Shares Outstanding (Basic) | 3.71M | 2.49M | ||||
| Shares Outstanding (Diluted) | 3.71M | 2.49M | ||||
| EPS (Basic) | -1.41 | -4.38 | ||||
| EPS (Diluted) | -1.41 | -4.38 | ||||
| Free Cash Flow | -1.82M | 906.38K | -6.34M | -1.32M | -7.69M | -811.02K |
| Free Cash Flow Per Share | -0.49 | 0.36 | ||||
| Gross Margin | 35.73% | 38.31% | 35.92% | 34.78% | 26.81% | 100.00% |
| Operating Margin | -6.96% | -2.33% | -16.65% | -7.68% | -28.95% | -6,424.34% |
| Profit Margin | -8.48% | -15.15% | -48.25% | -10.21% | -98.89% | -16,339.68% |
| Free Cash Flow Margin | -2.95% | 1.26% | -11.14% | -1.66% | -27.96% | -2,125.20% |
| EBITDA | -3.44M | -819.92K | -7.96M | -2.03M | -5.18M | -1.02M |
| EBITDA Margin | -5.59% | -1.14% | -14.00% | -2.55% | -18.84% | |
| D&A For EBITDA | 845.34K | 853.12K | 1.50M | 4.09M | 2.78M | 1.43M |
| EBIT | -4.28M | -1.67M | -9.47M | -6.12M | -7.97M | -2.45M |
| EBIT Margin | -6.96% | -2.33% | -16.65% | -7.68% | -28.95% | |
| Advertising Expenses | 847.78K | 746.80K | 946.38K | 251.34K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.06M | 7.18M | 839.27K | 3.58M | 2.19M | 18.97K |
| Short-Term Investments | 2.67M | |||||
| Cash & Short-Term Investments | 3.06M | 7.18M | 839.27K | 3.58M | 4.85M | 18.97K |
| Receivables | 3.39M | 4.90M | 5.44M | 5.07M | 6.34M | |
| Inventory | 2.64M | 2.53M | 2.71M | 3.58M | 6.05M | |
| Prepaid Expenses | 850.05K | 1.27M | 1.59M | 1.31M | 2.15M | |
| Restricted Cash | 312.08K | 1.82M | 3.07M | |||
| Other Current Assets | 606.17K | 585.23K | 222.19K | 422.50K | 3.49M | |
| Total Current Assets | 10.55M | 16.47M | 11.11M | 15.78M | 25.96M | 18.97K |
| Property, Plant & Equipment | 4.05M | 4.33M | 4.93M | 6.03M | 5.36M | |
| Goodwill | 17.44M | 17.44M | 17.44M | 20.55M | 20.55M | |
| Other Intangible Assets | 8.86M | 9.98M | 12.22M | 15.81M | 20.55M | 2.78M |
| Other Long-Term Assets | 12.00K | 12.00K | 12.00K | 12.00K | 2.28M | |
| Total Assets | 40.92M | 48.24M | 45.71M | 58.17M | 74.70M | 2.80M |
| Accounts Payable | 4.60M | 7.40M | 8.03M | 7.68M | 7.59M | 2.23M |
| Accrued Expenses | 3.10M | 1.65M | 796.82K | 1.36M | 859.77K | 307.83K |
| Short-Term Debt | 350.00K | |||||
| Current Portion of Long-Term Debt | 2.23M | 2.13M | 10.09M | 5.06M | 5.69M | |
| Current Portion of Leases | 305.70K | 292.24K | 321.86K | 394.04K | 220.76K | |
| Current Income Taxes Payable | 5.07K | 5.37K | 1.65K | |||
| Current Unearned Revenue | 2.47M | 1.66M | 444.31K | 440.09K | 2.71M | |
| Other Current Liabilities | 1.06M | 2.27M | 7.47M | 7.44M | 8.87M | |
| Total Current Liabilities | 13.77M | 15.41M | 27.16M | 22.37M | 25.93M | 2.89M |
| Long-Term Debt | 2.71M | 4.47M | 6.53M | 10.13M | 7.77M | 8.54M |
| Long-Term Leases | 3.00M | 3.16M | 3.47M | 4.19M | 3.96M | |
| Long-Term Deferred Tax Liabilities | 41.58K | |||||
| Other Long-Term Liabilities | 916.67K | 863.69K | 1.00M | 9.80M | ||
| Total Liabilities | 20.40M | 23.90M | 37.17M | 37.74M | 47.47M | 11.44M |
| Common Stock | 325.65K | 170.33K | 467.00 | 683.00 | 495.78K | 153.75K |
| Additional Paid-In Capital | 81.42M | 77.97M | 51.45M | 47.49M | 45.80M | |
| Retained Earnings | -61.22M | -53.79M | -42.90M | -27.08M | -19.09M | -8.74M |
| Comprehensive Income & Other | -10.42K | -53.75K | ||||
| Total Common Equity | 20.52M | 24.35M | 8.55M | 20.41M | 27.19M | -8.64M |
| Shareholders' Equity | 20.52M | 24.35M | 8.55M | 20.44M | 27.22M | -8.64M |
| Total Liabilities & Equity | 40.92M | 48.24M | 45.71M | 58.17M | 74.70M | 2.80M |
| Total Debt | 8.24M | 10.05M | 20.42M | 19.77M | 17.64M | 8.89M |
| Net Cash (Debt) | -5.18M | -2.87M | -19.58M | -16.20M | -12.79M | -8.88M |
| Net Cash Per Share | -1.40 | -1.15 | ||||
| Filing Date Shares Outstanding | 6.51M | 3.41M | 3.36M | 427.00 | 66.00 | |
| Total Common Shares Outstanding | 6.51M | 3.41M | 68.00 | 66.00 | ||
| Working Capital | -3.22M | 1.07M | -16.05M | -6.59M | 27.37K | -2.87M |
| Book Value Per Share | 3.15 | 7.15 | 300,129.25 | 412,034.73 | ||
| Tangible Book Value | -5.78M | -3.08M | -21.12M | -15.95M | -13.90M | -11.42M |
| Tangible Book Value Per Share | -0.89 | -0.90 | -234,491.09 | -210,581.33 | ||
| Machinery | 1.34M | 1.30M | 1.28M | 602.23K | ||
| Leasehold Improvements | 741.65K | 741.65K | 751.02K | 686.84K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.22M | -10.89M | -15.85M | -8.13M | -10.35M | -6.24M |
| Depreciation & Amortization | 1.16M | 1.19M | 1.92M | 4.09M | 2.78M | 1.43M |
| Other Amortization | 1.65M | 1.65M | 1.65M | 1.05M | 450.00K | |
| Loss (Gain) From Sale of Assets | -3.70K | 822.00 | -437.12K | -1.23M | ||
| Asset Writedown & Restructuring Costs | 3.85M | |||||
| Loss (Gain) From Sale of Investments | 250.00K | |||||
| Stock-Based Compensation | 41.66K | 85.23K | 29.00K | 1.21M | 309.20K | 100.00K |
| Provision & Write-off of Bad Debts | 110.71K | 67.81K | 146.73K | |||
| Other Operating Activities | 75.80K | 7.33M | 2.91M | 1.37M | -5.83M | 1.37M |
| Change in Accounts Receivable | 1.81K | 575.86K | 5.97K | 623.98K | -899.80K | |
| Change in Inventory | -445.44K | 36.82K | 754.07K | 2.48M | 392.66K | |
| Change in Accounts Payable | -1.80M | 499.08K | 355.51K | 83.08K | -706.35K | 2.21M |
| Change in Income Taxes | 7.33K | -14.41K | -302.00 | 3.72K | 5.02K | |
| Change in Other Net Operating Assets | 2.65M | 431.58K | -2.08M | -3.92M | 105.46K | 307.83K |
| Operating Cash Flow | -1.78M | 954.98K | -6.30M | -667.18K | -7.58M | -811.02K |
| Capital Expenditures | -42.28K | -48.59K | -32.78K | -655.69K | -116.91K | |
| Sale of Property, Plant & Equipment | 3.70K | 6.12K | 450.00 | 6.30M | 479.98K | |
| Cash Acquisitions | -10.99M | |||||
| Divestitures | 250.00K | 1.50M | ||||
| Investment in Securities | 2.87M | 228.25K | ||||
| Other Investing Activities | 1.10M | -15.49K | ||||
| Investing Cash Flow | -38.58K | -48.59K | -26.67K | 3.57M | -3.10M | 479.98K |
| Short-Term Debt Issued | 150.00K | 350.00K | ||||
| Long-Term Debt Issued | 64.74K | 1.60M | 7.81M | |||
| Total Debt Issued | 864.74K | 64.74K | 1.60M | 7.81M | 150.00K | 350.00K |
| Long-Term Debt Repaid | -10.08M | -1.60M | -7.28M | -4.79M | ||
| Net Debt Issued (Repaid) | -828.45K | -10.02M | 8.64K | 537.51K | -4.64M | 350.00K |
| Issuance of Common Stock | 13.06M | 20.35M | 3.47M | 125.40K | ||
| Repurchase of Common Stock | -6.10K | -38.40K | ||||
| Other Financing Activities | -10.83M | -5.21M | -1.39M | -3.38M | -11.44M | |
| Financing Cash Flow | 1.40M | 5.12M | 2.08M | -2.76M | 15.91M | 350.00K |
| Net Cash Flow | -412.17K | 6.03M | -4.24M | 139.87K | 5.24M | 18.97K |
| Free Cash Flow | -1.82M | 906.38K | -6.34M | -1.32M | -7.69M | -811.02K |
| Free Cash Flow Margin | -2.95% | 1.26% | -11.14% | -1.66% | -27.96% | -2,125.20% |
| Free Cash Flow Per Share | -0.49 | 0.36 | ||||
| Levered Free Cash Flow | 335.12K | -1.61M | -2.52M | 6.01M | -5.79M | 2.15M |
| Unlevered Free Cash Flow | 710.36K | -957.05K | -592.44K | 7.67M | -5.18M | 3.01M |
| Cash Interest Paid | 357.11K | 1.39M | 1.60M | 1.12M | 1.07M | 8.22K |
| Cash Income Tax Paid | 37.71K | 65.55K | 76.70K | 58.86K | 11.30K | |
| Change in Working Capital | 407.14K | 1.53M | -963.50K | -732.06K | -1.10M | 2.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.35M | 3.51M | 4.77M | 6.04M | 21.67M | |
| Enterprise Value | 18.53M | 8.51M | 24.25M | 22.40M | 14.72M | |
| Last Close Price | 2.05 | 1.03 | 526.00 | 88,799.56 | 349,498.25 | |
| Forward PE | 49.24 | 49.24 | 49.24 | 33.20 | ||
| PS Ratio | 0.22 | 0.05 | 0.08 | 0.08 | 0.79 | |
| PB Ratio | 0.65 | 0.14 | 0.56 | 0.29 | 0.80 | |
| P/FCF Ratio | 3.87 | |||||
| P/OCF Ratio | 3.67 | |||||
| EV/Sales Ratio | 0.30 | 0.12 | 0.43 | 0.28 | 0.54 | |
| EV/FCF Ratio | 9.39 | |||||
| Debt / Equity Ratio | 0.40 | 0.41 | 2.39 | 0.97 | 0.65 | -1.03 |
| Debt / FCF Ratio | 11.09 | |||||
| Net Debt / Equity Ratio | 0.25 | 0.12 | 2.29 | 0.79 | 0.47 | -1.03 |
| Net Debt / EBITDA Ratio | -1.50 | -3.50 | -2.46 | -7.98 | -2.47 | -8.68 |
| Net Debt / FCF Ratio | -2.85 | 3.16 | -3.09 | -12.24 | -1.66 | -10.94 |
| Asset Turnover | 1.45 | 1.53 | 1.09 | 1.20 | 0.71 | 0.01 |
| Inventory Turnover | 15.94 | 16.92 | 11.59 | 10.78 | ||
| Quick Ratio | 0.47 | 0.78 | 0.23 | 0.39 | 0.43 | 0.01 |
| Current Ratio | 0.77 | 1.07 | 0.41 | 0.70 | 1.00 | 0.01 |
| Return on Equity (ROE) | -24.48% | -66.23% | -109.37% | -29.12% | -35.28% | |
| Return on Assets (ROA) | -6.30% | -2.23% | -11.39% | -5.75% | -12.85% | -40.92% |
| Return on Capital Employed (ROCE) | -15.80% | -5.10% | -51.00% | -17.10% | -16.30% | 2,665.90% |
| Earnings Yield | -68.85% | -310.44% | -332.11% | -134.67% | -47.77% | |
| FCF Yield | -13.62% | 25.83% | -132.75% | -21.91% | -35.51% |