Sunation Energy, Inc. income statement
In fiscal 2025, Sunation Energy, Inc. reported revenue of $71.9m, up 26.5% on the year before, operating income of −$1.7m (a -2.3% margin) and net income of −$10.9m, or −$4.38 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 110 | 120 | 144 | 104 | 131 | 119 | 108 | 99 | 82 | 42 | 51 | 8 | 0 | 28 | 80 | 57 | 72 | 62 |
| Cost of revenue | 68 | 69 | 85 | 63 | 86 | 77 | 76 | 73 | 61 | 25 | 29 | 6 | 5 | 20 | 52 | 36 | 44 | 40 |
| Gross profit | 42 | 51 | 59 | 41 | 45 | 42 | 32 | 27 | 21 | 18 | 22 | 2 | 0 | 7 | 28 | 20 | 28 | 22 |
| Research and development | — | 2 | 2 | 2 | 3 | 8 | 8 | 5 | 4 | 4 | 4 | 3 | — | — | — | — | — | — |
| Selling, general and administrative | 31 | 36 | 40 | 38 | 37 | 39 | 41 | 35 | 29 | 22 | 22 | 7 | 1 | 12 | 29 | 27 | 27 | 24 |
| Operating income | 10 | 16 | 18 | 3 | 1 | 3 | −11 | −4 | −12 | −5 | 0 | −6 | −5 | −10 | −7 | −12 | −2 | −5 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3 | 3 | 1 | 1 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 |
| Income before tax | 11 | 16 | 18 | 3 | 1 | 3 | −10 | −8 | −12 | −5 | 0 | −5 | −6 | −3 | −7 | −16 | −11 | −5 |
| Income tax | 5 | 6 | 8 | 1 | 2 | 1 | −1 | 0 | −0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 6 | 10 | 10 | 2 | −1 | 2 | −10 | −8 | −12 | −7 | 6 | −0 | −6 | −10 | −8 | −16 | −11 | −5 |
| Diluted EPS | $7.20 | $11.50 | $2.88 | $0.65 | −$0.28 | $0.57 | −$2.77 | −$2.30 | −$3.30 | −$1.88 | $1.73 | −$0.05 | −$5.08 | −$10.10 | −$3057.75 | −$10110.93 | −$4.38 | — |
| Diluted shares (average) | — | — | — | — | — | — | — | — | — | — | — | — | 1m | 3m | 3m | 3m | 2m | — |
| EBITDA | 12 | 17 | 20 | 6 | 3 | 6 | −7 | −1 | −9 | −3 | 1 | −5 | −3 | −7 | −2 | −9 | 1 | −2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 15 | 13 | 13 | 19 | 27 | 7 | 8 |
| Cost of revenue | 9 | 10 | 8 | 8 | 12 | 16 | 6 | 6 |
| Gross profit | 5 | 6 | 4 | 5 | 7 | 11 | 2 | 2 |
| Selling, general and administrative | 6 | 8 | 6 | 6 | 7 | 8 | 5 | 4 |
| Operating income | −2 | −7 | −2 | −2 | −0 | 3 | −4 | −3 |
| Interest expense | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Provision for credit losses | 0 | 0 | −0 | 0 | 0 | 0 | 0 | −0 |
| Income before tax | −3 | −7 | −3 | −10 | −0 | 3 | −4 | −3 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −3 | −7 | −3 | −10 | −0 | 3 | −4 | −3 |
| Diluted EPS | −$2350.12 | $15485.16 | −$106.71 | −$3.14 | −$0.12 | $1.81 | −$1.20 | −$0.52 |
| EBITDA | −1 | −6 | −2 | −2 | 0 | 4 | −4 | −3 |
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