Every 10-Q that SUNation Energy Inc (SUNE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SUNE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SUNE filings page.
Sunation Energy, Inc. reported sharply lower revenue and continued losses for the quarter and six months ended June 30, 2026 while restructuring its balance sheet and pursuing strategic alternatives, including a planned merger with Suniva, Inc.
Sales fell to $8.2 million for the quarter and $15.4 million for the first half of 2026, down from $13.1 million and $25.7 million a year earlier, as SUNation NY and HEC both saw declines. Gross profit roughly halved year over year in both periods, and the company recorded a six‑month operating loss of $7.5 million and net loss of $7.4 million, widening from 2025.
Cash and cash equivalents decreased to $3.1 million from $7.2 million at December 31, 2025, driven by $6.3 million of net cash used in operating activities. To bolster liquidity and reduce leverage, the company raised $2.7 million in a June 2026 PIPE equity offering, used at‑the‑market sales, converted $1.2 million of a SUNation NY long‑term note into equity, and previously repaid several high‑cost loans, while drawing $800,000 under a related‑party revolving credit facility.
SUNation Energy Inc. reported a weak quarter, with sales falling to $7.2M for the three months ended March 31, 2026 from $12.6M a year earlier as both New York and Hawaii operations slowed. Gross profit dropped to $1.6M, and the company posted an operating loss of $4.3M and a net loss of $4.1M, wider than the prior-year loss.
Cash and cash equivalents declined to $1.7M from $7.2M at December 31, 2025, driven by $5.2M of net cash used in operating activities. Management disclosed that these conditions raise substantial doubt about the company’s ability to continue as a going concern.
During and after the quarter, SUNation continued restructuring its balance sheet, fully retiring several costly loans in 2025 and later converting $1.2M of a related-party long-term note into 677,966 common shares and expanding a related-party revolver to $1.5M. In April 2026, the board also launched a strategic review, including potential sale, mergers, asset sales, or other transactions, and put a new at-the-market equity program of up to $3.6M in place.
SUNation Energy, Inc. reported higher quarterly sales and a narrower loss. For the three months ended September 30, 2025, sales were $18.99 million versus $14.72 million a year ago, with gross profit of $7.21 million. Operating loss improved to $0.25 million from $1.61 million, and net loss narrowed to $0.39 million from $3.30 million.
Year to date, sales were $44.69 million compared with $41.49 million, while net loss widened to $13.50 million, reflecting fair value and financing impacts earlier in the year. Cash and cash equivalents rose to $5.41 million at September 30, 2025, supported by financing inflows; total stockholders’ equity increased to $21.73 million. Current liabilities declined as loans and contingencies were reduced, while refundable customer deposits increased.
The company completed multiple reverse stock splits during 2024–2025; 3,406,614 common shares were outstanding as of September 30, 2025. Management evaluated goodwill and certain intangibles in light of recent U.S. energy tax law changes and recorded no goodwill impairment.
SUNation Energy, Inc. (SUNE) reported interim financial and corporate events highlighting significant capital transactions and liquidity challenges. The company completed multiple reverse stock splits (1-for-15, 1-for-50, 1-for-200) and increased authorized shares to 1,000,000,000. Cash equivalents invested in money market funds grew to $1,535,022 at June 30, 2025 from $368,138 at December 31, 2024, but $286,630 of restricted cash is reserved for legacy Communications Systems, Inc. contingent value rights and cannot be used for SUNation operating needs.
The company raised approximately $20.0 million gross from a registered offering in 2025, repaid a term loan in full on March 3, 2025 and recorded a $455,308 loss on extinguishment. Multiple high-cost financings remain, including conduit and MBB loans with effective interest rates above 20% and a Decathlon loan facility of $7.5 million. Management discloses substantial doubt about the company’s ability to continue as a going concern pending future operating cash flows.