HA SUSTAINABLE INFRA CAP INC Financials

HASI

Source SEC Filings (10-K/10-Q) Updated Feb 13, 2026 Currency USD FYE February

This page shows HA SUSTAINABLE INFRA CAP INC (HASI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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

Revenue

$401K

YoY-99.8%

5Y CAGR-69.0%

10Y CAGR-33.7%

HA SUSTAINABLE INFRA CAP INC generated $401K in revenue in fiscal year 2025. This represents a decrease of 99.8% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$185K

YoY-99.6%

5Y CAGR-66.2%

HA SUSTAINABLE INFRA CAP INC reported $185K in net income in fiscal year 2025. This represents a decrease of 99.6% from the prior year.

EPS (Diluted)

$1.41

YoY+200.0%

5Y CAGR+13.5%

HA SUSTAINABLE INFRA CAP INC earned $1.41 per diluted share (EPS) in fiscal year 2025. This represents an increase of 200.0% from the prior year.

Cash & Debt

$110K

YoY-99.9%

5Y CAGR-65.1%

10Y CAGR-43.3%

HA SUSTAINABLE INFRA CAP INC held $110K in cash against $3K in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.41

HA SUSTAINABLE INFRA CAP INC paid $0.41 per share in dividends in fiscal year 2025.

Shares Outstanding

128M

YoY+41.1%

5Y CAGR+16.2%

10Y CAGR+23.2%

HA SUSTAINABLE INFRA CAP INC had 128M shares outstanding in fiscal year 2025. This represents an increase of 41.1% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

46.1%

YoY+28.8pp

5Y CAGR+16.2pp

10Y CAGR+88.9pp

HA SUSTAINABLE INFRA CAP INC's net profit margin was 46.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 28.8 percentage points from the prior year.

Return on Equity

6.9%

YoY+4.5pp

5Y CAGR+1.8pp

HA SUSTAINABLE INFRA CAP INC's ROE was 6.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

HASI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$401K-99.8%	$239.7M+12.5%	$213.2M+14.0%	$186.9M+32.0%	$141.6M+1.6%	$139.4M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$31K-99.9%	$29.9M+50.4%	$19.9M+34.1%	$14.8M+1.0%	$14.7M-2.6%	$15.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$292K-99.7%	$115.6M-5.0%	$121.7M+32.0%	$92.2M+43.5%	$64.2M-16.4%	$76.9M
Income Tax	$85K-98.8%	$7.4M-57.0%	$17.2M+717.4%	-$2.8M-134.3%	$8.1M+277.7%	$2.1M
Net Income	$185K-99.6%	$41.5M-67.2%	$126.6M+53.6%	$82.4M+1.0%	$81.6M+96.2%	$41.6M
EPS (Diluted)	$1.41+200.0%	$0.47-68.9%	$1.51+37.3%	$1.10-11.3%	$1.24+65.3%	$0.75

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$114.8M+11.4%	$103.1M+20.3%	$85.7M-11.6%	$96.9M+12.0%	$86.6M-3.6%	$89.9M+20.9%	$74.3M+7.6%	$69.1M
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	$8.5M+34.0%	$6.3M-2.6%	$6.5M-30.7%	$9.4M+45.2%	$6.5M-3.7%	$6.7M-33.6%	$10.1M+25.8%	$8.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$76.5M+7.0%	$71.5M-10.4%	$79.7M+23.3%	$64.7M+27.8%	$50.6M+16.9%	$43.3M+8.5%	$39.9M+7.2%	$37.2M
Income Tax	-$11.3M-132.8%	$34.5M-9.6%	$38.2M+59.7%	$23.9M-35.3%	$36.9M+819.9%	-$5.1M-220.3%	-$1.6M-211.9%	$1.4M
Net Income	-$53.8M-164.6%	$83.3M-15.4%	$98.4M+73.9%	$56.6M-36.9%	$89.8M+318.5%	$21.4M+58.6%	$13.5M-43.9%	$24.1M
EPS (Diluted)	$-0.38-162.3%	$0.61-17.6%	$0.74+68.2%	$0.44-46.3%	$0.82+310.0%	$0.20+42.9%	$0.14-46.2%	$0.26

HASI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.2M-99.8%	$4.8B+14.7%	$4.1B+19.9%	$3.5B+44.9%	$2.4B+10.8%	$2.2B
Current Assets	$125	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$110K-99.9%	$155.7M-31.2%	$226.2M-21.0%	$286.3M+4511.0%	$6.2M-71.0%	$21.4M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.5M-99.8%	$3.1B+19.9%	$2.6B+14.8%	$2.2B+55.4%	$1.4B+7.2%	$1.4B
Current Liabilities	$16	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3K-100.0%	$433.0M+0.7%	$430.0M-27.5%	$593.0M-15.3%	$700.0M-16.2%	$835.0M
Total Equity	$2.7M-99.8%	$1.7B+6.3%	$1.6B+29.4%	$1.2B+28.8%	$939.9M+16.8%	$804.5M
Retained Earnings	$323K+100.1%	-$285.5M-47.4%	-$193.7M+5.1%	-$204.1M-20.2%	-$169.8M-4.0%	-$163.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$8.2B-0.2%	$8.2B+8.0%	$7.6B+1.6%	$7.5B+14.1%	$6.6B+10.9%	$5.9B+9.9%	$5.4B+4.6%	$5.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$110.2M-63.5%	$301.8M+248.9%	$86.5M+28.4%	$67.4M+7.6%	$62.6M-59.7%	$155.5M+22.5%	$126.9M-10.9%	$142.5M
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.5B+0.2%	$5.5B+10.2%	$5.0B0.0%	$5.0B+13.5%	$4.4B+15.8%	$3.8B+12.6%	$3.4B-2.9%	$3.5B
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	$168.0M-56.9%	$390.0M-1.3%	$395.0M
Total Equity	$2.7B-1.0%	$2.7B+3.8%	$2.6B+4.8%	$2.5B+15.4%	$2.1B+2.0%	$2.1B+5.3%	$2.0B+20.2%	$1.7B
Retained Earnings	-$323.1M-49.9%	-$215.5M+12.2%	-$245.4M+15.9%	-$291.9M+3.8%	-$303.5M+13.0%	-$348.9M-6.9%	-$326.4M-9.6%	-$297.7M

HASI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$167K-27.3%	$230K-98.3%	$13.3M-81.8%	$73.3M+148.5%	$29.5M-49.8%	$58.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$856K+100.1%	-$592.1M+15.8%	-$703.4M+15.4%	-$831.7M-313.5%	-$201.1M-495.9%	$50.8M
Financing Cash Flow	$684K-99.9%	$516.8M-18.1%	$630.8M-34.4%	$962.1M+339.6%	$218.9M+230.0%	-$168.4M
Dividends Paid	$210K-99.8%	$132.2M+16.5%	$113.5M+13.7%	$99.9M+15.6%	$86.4M+21.7%	$71.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	N/A	N/A	N/A	-$37.1M	N/A	N/A	N/A	$48.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	-$323.7M	N/A	N/A	N/A	-$448.7M
Financing Cash Flow	N/A	N/A	N/A	$294.3M	N/A	N/A	N/A	$388.2M
Dividends Paid	N/A	N/A	N/A	$50.4M	N/A	N/A	N/A	$35.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HASI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	46.1%+28.8pp	17.3%-42.1pp	59.4%+15.3pp	44.1%-13.5pp	57.6%+27.8pp	29.8%
Return on Equity	6.9%+4.5pp	2.5%-5.6pp	8.1%+1.3pp	6.8%-1.9pp	8.7%+3.5pp	5.2%
Return on Assets	2.3%+1.4pp	0.9%-2.2pp	3.0%+0.7pp	2.4%-1.0pp	3.4%+1.5pp	1.9%
Current Ratio	7.81	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.00-0.3	0.26-0.0	0.27-0.2	0.49-0.3	0.74-0.3	1.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	-46.8%-127.6pp	80.8%-34.1pp	114.9%+56.5pp	58.4%-45.3pp	103.7%+79.8pp	23.9%+5.7pp	18.2%-16.7pp	34.9%
Return on Equity	2.9%-0.2pp	3.1%-0.7pp	3.8%+1.5pp	2.3%-1.9pp	4.2%+3.2pp	1.0%+0.3pp	0.7%-0.8pp	1.5%
Return on Assets	-0.7%-1.7pp	1.0%-0.3pp	1.3%+0.5pp	0.8%-0.6pp	1.4%+1.0pp	0.4%+0.1pp	0.3%-0.2pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.08+0.0	2.05+0.1	1.93-0.1	2.03-0.0	2.06+2.0	0.08-0.1	0.20-0.0	0.24
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Financial Health Signals

Financial Profile 57/100

Profitability

N/A

Growth

Leverage

100

Liquidity

100

Cash Flow

N/A

Returns

Based on FY2025 annual data. Scores normalized against common benchmarks.

Piotroski F-Score Neutral

4/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Mixed

0.91x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

What is HA SUSTAINABLE INFRA CAP INC's annual revenue?

HA SUSTAINABLE INFRA CAP INC (HASI) reported $401K in total revenue for fiscal year 2025. This represents a -99.8% 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 HA SUSTAINABLE INFRA CAP INC's revenue growing?

HA SUSTAINABLE INFRA CAP INC (HASI) revenue declined by 99.8% year-over-year, from $239.7M to $401K in fiscal year 2025.

Is HA SUSTAINABLE INFRA CAP INC profitable?

Yes, HA SUSTAINABLE INFRA CAP INC (HASI) reported a net income of $185K in fiscal year 2025, with a net profit margin of 46.1%.

What is HA SUSTAINABLE INFRA CAP INC's earnings per share (EPS)?

HA SUSTAINABLE INFRA CAP INC (HASI) reported diluted earnings per share of $1.41 for fiscal year 2025. This represents a 200.0% 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.

How much debt does HA SUSTAINABLE INFRA CAP INC have?

As of fiscal year 2025, HA SUSTAINABLE INFRA CAP INC (HASI) had $110K in cash and equivalents against $3K in long-term debt.

What is HA SUSTAINABLE INFRA CAP INC's net profit margin?

HA SUSTAINABLE INFRA CAP INC (HASI) had a net profit margin of 46.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does HA SUSTAINABLE INFRA CAP INC pay dividends?

Yes, HA SUSTAINABLE INFRA CAP INC (HASI) paid $0.41 per share in dividends during fiscal year 2025.

What is HA SUSTAINABLE INFRA CAP INC's return on equity (ROE)?

HA SUSTAINABLE INFRA CAP INC (HASI) has a return on equity of 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is HA SUSTAINABLE INFRA CAP INC's operating cash flow?

HA SUSTAINABLE INFRA CAP INC (HASI) generated $167K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are HA SUSTAINABLE INFRA CAP INC's total assets?

HA SUSTAINABLE INFRA CAP INC (HASI) had $8.2M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does HA SUSTAINABLE INFRA CAP INC have outstanding?

HA SUSTAINABLE INFRA CAP INC (HASI) had 128M shares outstanding as of fiscal year 2025.

What is HA SUSTAINABLE INFRA CAP INC's current ratio?

HA SUSTAINABLE INFRA CAP INC (HASI) had a current ratio of 7.81 as of fiscal year 2025, which is generally considered healthy.

What is HA SUSTAINABLE INFRA CAP INC's debt-to-equity ratio?

HA SUSTAINABLE INFRA CAP INC (HASI) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is HA SUSTAINABLE INFRA CAP INC's return on assets (ROA)?

HA SUSTAINABLE INFRA CAP INC (HASI) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is HA SUSTAINABLE INFRA CAP INC's Piotroski F-Score?

HA SUSTAINABLE INFRA CAP INC (HASI) 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 HA SUSTAINABLE INFRA CAP INC's earnings high quality?

HA SUSTAINABLE INFRA CAP INC (HASI) has an earnings quality ratio of 0.91x, considered mixed 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 HA SUSTAINABLE INFRA CAP INC?

HA SUSTAINABLE INFRA CAP INC (HASI) scores 57 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.