SUNation Energy Inc Financials
This page shows SUNation Energy Inc (SUNE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
SUNation Energy Inc has an operating margin of -21.7%, meaning the company retains $-22 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -9.4% the prior year.
SUNation Energy Inc's revenue declined 28.6% year-over-year, from $79.6M to $56.9M. This contraction results in a growth score of 0/100.
SUNation Energy Inc has elevated debt relative to equity (D/E of 4.35), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
SUNation Energy Inc's current ratio of 0.41 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While SUNation Energy Inc generated -$6.3M in operating cash flow, capex of $33K consumed most of it, leaving -$6.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
SUNation Energy Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, SUNation Energy Inc generates $0.40 in operating cash flow (-$6.3M OCF vs -$15.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
SUNation Energy Inc earns $-4.0 in operating income for every $1 of interest expense (-$12.3M vs $3.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
SUNation Energy Inc generated $56.9M in revenue in fiscal year 2024. This represents a decrease of 28.6% from the prior year.
SUNation Energy Inc's EBITDA was -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 293.2% from the prior year.
SUNation Energy Inc generated -$6.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 378.9% from the prior year.
SUNation Energy Inc reported -$15.8M in net income in fiscal year 2024. This represents a decrease of 94.9% from the prior year.
SUNation Energy Inc earned $-50.58 per diluted share (EPS) in fiscal year 2024. This represents an increase of 91.7% from the prior year.
SUNation Energy Inc held $839K in cash against $0 in long-term debt as of fiscal year 2024.
SUNation Energy Inc had 9,343 shares outstanding in fiscal year 2024. This represents a decrease of 31.6% from the prior year.
SUNation Energy Inc's gross margin was 35.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.
SUNation Energy Inc's operating margin was -21.7% in fiscal year 2024, reflecting core business profitability. This is down 12.3 percentage points from the prior year.
SUNation Energy Inc's net profit margin was -27.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 17.7 percentage points from the prior year.
SUNation Energy Inc spent $6K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.1% from the prior year.
SUNation Energy Inc invested $33K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 95.0% from the prior year.
SUNE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.0M+45.4% | $13.1M+3.4% | $12.6M-17.8% | $15.4M+4.5% | $14.7M+8.6% | $13.5M+2.5% | $13.2M-32.0% | $19.4M |
| Cost of Revenue | $11.8M+43.3% | $8.2M+0.2% | $8.2M-16.1% | $9.8M+3.2% | $9.5M+8.3% | $8.8M+4.1% | $8.4M-39.6% | $13.9M |
| Gross Profit | $7.2M+49.0% | $4.8M+9.2% | $4.4M-20.8% | $5.6M+6.8% | $5.2M+9.3% | $4.8M-0.3% | $4.8M-13.0% | $5.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.9M+7.1% | $6.4M+6.7% | $6.0M-21.9% | $7.7M+26.1% | $6.1M-6.5% | $6.6M-1.1% | $6.6M0.0% | $6.6M |
| Operating Income | -$246K+88.6% | -$2.2M+0.2% | -$2.2M+66.7% | -$6.5M-304.7% | -$1.6M+20.7% | -$2.0M+7.2% | -$2.2M+6.6% | -$2.3M |
| Interest Expense | $143K-11.5% | $162K-71.6% | $571K-26.3% | $775K-4.5% | $812K+10.3% | $736K-3.8% | $765K-52.2% | $1.6M |
| Income Tax | $17K+17.2% | $14K-2.6% | $15K-58.0% | $35K+6733.2% | $509+107.7% | -$7K-207.6% | $6K-94.9% | $121K |
| Net Income | -$393K+95.9% | -$9.6M-174.8% | -$3.5M+48.7% | -$6.8M-106.7% | -$3.3M+52.4% | -$6.9M-676.6% | $1.2M+172.3% | -$1.7M |
| EPS (Diluted) | $-0.12+96.2% | $-3.14 | $-106.71 | $51737.29 | $-2350.12 | $-11022.91 | $-38414.84 | $-432.60 |
SUNE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $49.6M+12.4% | $44.1M-0.7% | $44.4M-2.8% | $45.7M-10.4% | $51.0M-3.5% | $52.9M-3.3% | $54.7M-6.0% | $58.2M |
| Current Assets | $17.2M+56.8% | $11.0M+3.9% | $10.5M-5.1% | $11.1M-4.9% | $11.7M-4.5% | $12.2M-7.0% | $13.1M-16.7% | $15.8M |
| Cash & Equivalents | $5.4M+69.9% | $3.2M+120.2% | $1.4M+72.5% | $839K-21.0% | $1.1M+1.5% | $1.0M-41.5% | $1.8M-49.9% | $3.6M |
| Inventory | $3.0M+29.6% | $2.3M-7.6% | $2.5M-7.2% | $2.7M+1.5% | $2.7M-17.5% | $3.2M+10.7% | $2.9M-18.4% | $3.6M |
| Accounts Receivable | $4.9M+49.3% | $3.3M-16.0% | $3.9M-19.5% | $4.9M+15.4% | $4.2M-11.2% | $4.8M-4.3% | $5.0M-0.7% | $5.0M |
| Goodwill | $17.4M0.0% | $17.4M0.0% | $17.4M0.0% | $17.4M-15.1% | $20.5M0.0% | $20.5M0.0% | $20.5M0.0% | $20.5M |
| Total Liabilities | $27.9M+26.6% | $22.0M-25.6% | $29.6M-20.3% | $37.2M-1.9% | $37.9M-40.6% | $63.8M-3.2% | $65.8M+74.4% | $37.7M |
| Current Liabilities | $19.0M+48.7% | $12.8M-36.9% | $20.3M-25.4% | $27.2M+9.0% | $24.9M+4.6% | $23.8M+13.8% | $20.9M-6.4% | $22.4M |
| Long-Term Debt | N/A | N/A | N/A | $1.1M | N/A | N/A | N/A | N/A |
| Total Equity | $21.7M-1.7% | $22.1M+49.3% | $14.8M+73.2% | $8.5M-34.9% | $13.1M+220.5% | -$10.9M+2.5% | -$11.2M-154.7% | $20.4M |
| Retained Earnings | -$56.4M-0.7% | -$56.0M-20.7% | -$46.4M-8.2% | -$42.9M-18.9% | -$36.1M-10.1% | -$32.8M-26.8% | -$25.9M+4.5% | -$27.1M |
SUNE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.4M+1933.7% | -$130K+96.2% | -$3.4M-78.3% | -$1.9M-97.2% | -$968K-24.7% | -$776K+70.7% | -$2.6M-1777.4% | $158K |
| Capital Expenditures | $9K-99.5% | $1.7M+102.9% | $824K+27041.0% | $3K-75.1% | $12K+1.5% | $12K+114.2% | $6K-86.4% | $41K |
| Free Cash Flow | $2.4M+4018.9% | $58K-98.8% | $5.0M+361.5% | -$1.9M-95.0% | -$980K-24.3% | -$788K+70.3% | -$2.7M-2375.3% | $117K |
| Investing Cash Flow | -$9K | N/A | N/A | -$3K+75.1% | -$12K-1.5% | -$12K-2387.2% | $524+101.3% | -$41K |
| Financing Cash Flow | -$148K-107.9% | $1.9M-53.1% | $4.0M+343.0% | $901K-10.8% | $1.0M+371.6% | -$372K-168.3% | $545K+273.7% | -$314K |
| Dividends Paid | $1.4M-3.2% | $1.4M+4.6% | $1.4M+634.5% | $186K-2.1% | $190K-1.9% | $194K+5.2% | $184K-49.0% | $362K |
| Share Buybacks | $15K | N/A | N/A | $0 | $0-100.0% | $3K+12.8% | $3K-60.3% | $7K |
SUNE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.0%+0.9pp | 37.0%+2.0pp | 35.1%-1.3pp | 36.4%+0.8pp | 35.6%+0.2pp | 35.4%-1.0pp | 36.4%+8.0pp | 28.4% |
| Operating Margin | -1.3%+15.3pp | -16.6%+0.6pp | -17.2%+25.1pp | -42.3%-31.4pp | -10.9%+4.0pp | -14.9%+1.6pp | -16.5%-4.5pp | -12.0% |
| Net Margin | -2.1%+71.5pp | -73.5%-45.9pp | -27.7%+16.7pp | -44.4%-21.9pp | -22.4%+28.8pp | -51.2%-60.3pp | 9.1%+17.7pp | -8.6% |
| Return on Equity | 1.9%+0.3pp | 1.6% | N/A | 3.6%-0.1pp | 3.8%-2.4pp | 6.2%+5.6pp | 0.6% | N/A |
| Return on Assets | -0.8%+21.0pp | -21.8%-13.9pp | -7.9%+7.0pp | -14.9%-8.5pp | -6.5%+6.7pp | -13.1%-15.3pp | 2.2%+5.1pp | -2.9% |
| Current Ratio | 0.90+0.0 | 0.86+0.3 | 0.52+0.1 | 0.41-0.1 | 0.47-0.0 | 0.51-0.1 | 0.63-0.1 | 0.71 |
| Debt-to-Equity | 1.28+0.3 | 1.00-1.0 | 2.00-2.3 | 4.35+1.5 | 2.88+8.7 | -5.85+0.0 | -5.89-7.7 | 1.85 |
| FCF Margin | 12.5%+12.4pp | 0.2%-19.7pp | 19.8%+32.3pp | -12.4%-5.8pp | -6.7%-0.8pp | -5.8%+14.3pp | -20.1%-20.7pp | 0.6% |
Note: The current ratio is below 1.0 (0.41), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is SUNation Energy Inc's annual revenue?
SUNation Energy Inc (SUNE) reported $56.9M in total revenue for fiscal year 2024. This represents a -28.6% 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 SUNation Energy Inc's revenue growing?
SUNation Energy Inc (SUNE) revenue declined by 28.6% year-over-year, from $79.6M to $56.9M in fiscal year 2024.
Is SUNation Energy Inc profitable?
No, SUNation Energy Inc (SUNE) reported a net income of -$15.8M in fiscal year 2024, with a net profit margin of -27.9%.
What is SUNation Energy Inc's earnings per share (EPS)?
SUNation Energy Inc (SUNE) reported diluted earnings per share of $-50.58 for fiscal year 2024. This represents a 91.7% 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 SUNation Energy Inc's EBITDA?
SUNation Energy Inc (SUNE) had EBITDA of -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is SUNation Energy Inc's gross margin?
SUNation Energy Inc (SUNE) had a gross margin of 35.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is SUNation Energy Inc's operating margin?
SUNation Energy Inc (SUNE) had an operating margin of -21.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is SUNation Energy Inc's net profit margin?
SUNation Energy Inc (SUNE) had a net profit margin of -27.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is SUNation Energy Inc's free cash flow?
SUNation Energy Inc (SUNE) generated -$6.3M in free cash flow during fiscal year 2024. This represents a -378.9% 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 SUNation Energy Inc's operating cash flow?
SUNation Energy Inc (SUNE) generated -$6.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are SUNation Energy Inc's total assets?
SUNation Energy Inc (SUNE) had $45.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are SUNation Energy Inc's capital expenditures?
SUNation Energy Inc (SUNE) invested $33K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does SUNation Energy Inc buy back shares?
Yes, SUNation Energy Inc (SUNE) spent $6K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does SUNation Energy Inc have outstanding?
SUNation Energy Inc (SUNE) had 9,343 shares outstanding as of fiscal year 2024.
What is SUNation Energy Inc's current ratio?
SUNation Energy Inc (SUNE) had a current ratio of 0.41 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is SUNation Energy Inc's debt-to-equity ratio?
SUNation Energy Inc (SUNE) had a debt-to-equity ratio of 4.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is SUNation Energy Inc's return on assets (ROA)?
SUNation Energy Inc (SUNE) had a return on assets of -34.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is SUNation Energy Inc's cash runway?
Based on fiscal year 2024 data, SUNation Energy Inc (SUNE) had $839K in cash against an annual operating cash burn of $6.3M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is SUNation Energy Inc's Piotroski F-Score?
SUNation Energy Inc (SUNE) has a Piotroski F-Score of 3 out of 9, indicating weak 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. Learn more in our complete guide to financial health indicators.
Are SUNation Energy Inc's earnings high quality?
SUNation Energy Inc (SUNE) has an earnings quality ratio of 0.40x, considered low quality (accrual-driven). 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. Learn more in our complete guide to financial health indicators.
Can SUNation Energy Inc cover its interest payments?
SUNation Energy Inc (SUNE) has an interest coverage ratio of -4.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is SUNation Energy Inc?
SUNation Energy Inc (SUNE) scores 0 out of 100 on our Financial Profile, indicating weak 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. Learn more in our complete guide to financial health indicators.