This page shows Firstsun Capital (FSUN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Firstsun Capital generated $459.5M in revenue in fiscal year 2024. This represents an increase of 11.1% from the prior year.
Firstsun Capital generated $95.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 20.8% from the prior year.
Firstsun Capital reported $75.6M in net income in fiscal year 2024. This represents a decrease of 27.0% from the prior year.
Firstsun Capital earned $2.69 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 34.1% from the prior year.
Firstsun Capital held $615.9M in cash against $0 in long-term debt as of fiscal year 2024.
Firstsun Capital had 28M shares outstanding in fiscal year 2024. This represents an increase of 11.0% from the prior year.
Firstsun Capital's net profit margin was 16.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.6 percentage points from the prior year.
Firstsun Capital's ROE was 7.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.5 percentage points from the prior year.
Firstsun Capital invested $5.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 26.8% from the prior year.
FSUN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $121.1M+3.6% | $116.9M+5.9% | $110.4M-4.8% | $116.0M-2.4% | $118.9M+3.8% | $114.5M+4.1% | $110.0M+0.1% | $110.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $40.2M+4.6% | $38.4M+6.8% | $36.0M-7.8% | $39.0M-8.8% | $42.8M+2.7% | $41.6M+6.1% | $39.2M+3.5% | $37.9M |
| Income Tax | $5.1M-22.3% | $6.6M+7.5% | $6.1M+60.6% | $3.8M-38.0% | $6.1M-6.0% | $6.5M+118.7% | $3.0M-53.2% | $6.4M |
| Net Income | $23.2M-12.2% | $26.4M+12.0% | $23.6M+44.2% | $16.4M-27.1% | $22.4M-8.7% | $24.6M+99.7% | $12.3M-48.8% | $24.0M |
| EPS (Diluted) | $0.82-11.8% | $0.93+12.0% | $0.83+45.6% | $0.57-27.8% | $0.79-10.2% | $0.88+95.6% | $0.45-52.1% | $0.94 |
FSUN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.5B+0.7% | $8.4B+2.7% | $8.2B+1.5% | $8.1B-0.5% | $8.1B+1.7% | $8.0B+2.8% | $7.8B-1.2% | $7.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $659.9M-15.9% | $785.1M+26.4% | $621.4M+0.9% | $615.9M+7.4% | $573.7M+7.1% | $535.8M+39.7% | $383.6M-20.0% | $479.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $93.5M0.0% | $93.5M0.0% | $93.5M0.0% | $93.5M0.0% | $93.5M0.0% | $93.5M0.0% | $93.5M0.0% | $93.5M |
| Total Liabilities | $7.4B+0.4% | $7.3B+2.7% | $7.1B+1.3% | $7.1B-0.7% | $7.1B+1.5% | $7.0B+2.7% | $6.8B-2.7% | $7.0B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.1B+2.9% | $1.1B+2.5% | $1.1B+2.6% | $1.0B+0.7% | $1.0B+3.8% | $996.6M+3.3% | $964.7M+10.0% | $877.2M |
| Retained Earnings | $606.3M+4.0% | $583.1M+4.7% | $556.7M+4.4% | $533.1M+3.2% | $516.8M+4.5% | $494.4M+5.2% | $469.8M+2.7% | $457.5M |
FSUN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | $26.4M | N/A | N/A | N/A | $27.1M | N/A |
| Capital Expenditures | N/A | N/A | $2.0M | N/A | N/A | N/A | $1.0M | N/A |
| Free Cash Flow | N/A | N/A | $24.3M | N/A | N/A | N/A | $26.1M | N/A |
| Investing Cash Flow | N/A | N/A | -$116.2M | N/A | N/A | N/A | -$24.8M | N/A |
| Financing Cash Flow | N/A | N/A | $95.3M | N/A | N/A | N/A | -$98.1M | N/A |
| Dividends Paid | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FSUN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 19.1%-3.4pp | 22.6%+1.2pp | 21.3%+7.3pp | 14.1%-4.8pp | 18.9%-2.6pp | 21.4%+10.3pp | 11.2%-10.7pp | 21.8% |
| Return on Equity | 2.1%-0.3pp | 2.4%+0.2pp | 2.2%+0.6pp | 1.6%-0.6pp | 2.2%-0.3pp | 2.5%+1.2pp | 1.3%-1.5pp | 2.7% |
| Return on Assets | 0.3%-0.0pp | 0.3%+0.0pp | 0.3%+0.1pp | 0.2%-0.1pp | 0.3%-0.0pp | 0.3%+0.1pp | 0.2%-0.1pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 6.53-0.2 | 6.700.0 | 6.69-0.1 | 6.78-0.1 | 6.87-0.2 | 7.03-0.0 | 7.07-0.9 | 7.98 |
| FCF Margin | N/A | N/A | 22.0% | N/A | N/A | N/A | 23.7% | N/A |
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks.
Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.
Operating cash flow vs net income. Above 1.0x = cash-backed earnings.
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Frequently Asked Questions
What is Firstsun Capital's annual revenue?
Firstsun Capital (FSUN) reported $459.5M in total revenue for fiscal year 2024. This represents a 11.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Firstsun Capital's revenue growing?
Firstsun Capital (FSUN) revenue grew by 11.1% year-over-year, from $413.7M to $459.5M in fiscal year 2024.
Is Firstsun Capital profitable?
Yes, Firstsun Capital (FSUN) reported a net income of $75.6M in fiscal year 2024, with a net profit margin of 16.5%.
What is Firstsun Capital's earnings per share (EPS)?
Firstsun Capital (FSUN) reported diluted earnings per share of $2.69 for fiscal year 2024. This represents a -34.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Firstsun Capital's net profit margin?
Firstsun Capital (FSUN) had a net profit margin of 16.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Firstsun Capital's return on equity (ROE)?
Firstsun Capital (FSUN) has a return on equity of 7.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Firstsun Capital's free cash flow?
Firstsun Capital (FSUN) generated $95.7M in free cash flow during fiscal year 2024. This represents a -20.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Firstsun Capital's operating cash flow?
Firstsun Capital (FSUN) generated $101.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Firstsun Capital's total assets?
Firstsun Capital (FSUN) had $8.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Firstsun Capital's capital expenditures?
Firstsun Capital (FSUN) invested $5.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Firstsun Capital have outstanding?
Firstsun Capital (FSUN) had 28M shares outstanding as of fiscal year 2024.
What is Firstsun Capital's debt-to-equity ratio?
Firstsun Capital (FSUN) had a debt-to-equity ratio of 6.78 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Firstsun Capital's return on assets (ROA)?
Firstsun Capital (FSUN) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Firstsun Capital's Piotroski F-Score?
Firstsun Capital (FSUN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.
Are Firstsun Capital's earnings high quality?
Firstsun Capital (FSUN) has an earnings quality ratio of 1.34x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.
How financially healthy is Firstsun Capital?
Firstsun Capital (FSUN) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.