SUNE
SUNation Energy, Inc.
$2.11
+0.05 (+2.43%)
At close · Jul 8
Going-concern doubt
— flagged May 15, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Based on the Company’s current financial position, and the Company’s forecasted future cash flows for twelve months beyond the date of issuance of these financial statements, substantial doubt exists around the Company’s ability to continue as a going concern for a reasonable period of time.”View the 10-Q filed May 15, 2026
Market Cap
$8.70M
Shares
4,123,106
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$71.91M
+26.5%
FY2025
Net Income
-$10.89M
+31.3%
FY2025
Gross Margin
38.31%
+2.4pp
FY2025
Operating Margin
-2.33%
+19.3pp
FY2025
Diluted EPS
-$4.38
+100%
FY2025
Operating Cash Flow
$954.98K
+115.2%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $66.46M | $71.91M | $56.86M | $79.63M | $27.52M | $7.01M | $42.58M | $50.91M | $65.76M | $82.32M | $99.35M | $107.67M | $119.07M | $131.32M | $104.25M | $143.78M | |
| $41.76M | $44.36M | $36.44M | $51.94M | $20.14M | $4.58M | $25.37M | $28.72M | $44.46M | $61.49M | $72.77M | $76.12M | $76.91M | $86.42M | $62.75M | $84.88M | |
| $24.7M | $27.54M | $20.43M | $27.7M | $7.38M | $2.43M | $17.21M | $22.19M | $21.31M | $20.84M | $26.58M | $31.55M | $42.16M | $44.9M | $41.5M | — | |
| — | 38.31% | 35.92% | 34.78% | 26.81% | 34.72% | 40.41% | 43.58% | 32.4% | 25.31% | 26.75% | 29.3% | 35.41% | 34.19% | 39.81% | — | |
| — | — | — | — | — | — | $2.81M | $3.6M | $3.79M | $3.64M | $5.37M | $8.29M | $7.84M | $2.76M | $2.3M | — | |
| $26.3M | $26.98M | $27.05M | $29.07M | $12.21M | $7.13M | $19.22M | $22.18M | $27.5M | $28.7M | $35.19M | $40.83M | $38.63M | $36.74M | $38.1M | $40.11M | |
| $2.24M | $2.24M | $2.84M | $4.74M | $3.13M | $457K | $205K | $5000 | $12K | $30K | $74K | $101K | $107K | $102K | $103K | — | |
| $2.5M | $2.5M | $3.15M | $5.14M | $3.23M | $821.98K | $962.31K | $1.03M | $2.21M | $3.19M | $3.68M | $3.31M | $2.48M | $2.18M | $2.13M | $2.1M | |
| — | — | — | $56.72K | — | $467.83K | $960K | $364K | $363.68K | $2.28M | $0 | $0 | $237.84K | $1.15M | — | — | |
| $28.54M | $29.22M | $32.74M | $35.16M | $17.83M | $10.61M | $19.9M | $22.18M | $27.87M | $32.6M | — | — | — | — | — | — | |
| $105.75M | — | — | — | — | — | — | — | — | — | $103.81M | $118.18M | $115.78M | $130.16M | $100.85M | $126.26M | |
| -$3.84M | -$1.67M | -$12.32M | -$7.47M | -$10.45M | -$8.17M | -$2.7M | $9214 | -$6.56M | -$11.76M | -$4.46M | -$10.51M | $3.29M | $1.16M | $3.4M | $17.51M | |
| — | -2.33% | -21.66% | -9.38% | -37.96% | -116.57% | -6.34% | 0.02% | -9.97% | -14.29% | -4.49% | -9.76% | 2.77% | 0.88% | 3.26% | 12.18% | |
| -$1.34M | $830.08K | -$9.16M | -$2.33M | -$7.22M | -$7.35M | -$1.74M | $1.04M | -$4.34M | -$8.58M | -$773.54K | -$7.19M | $5.78M | $3.34M | $5.53M | $19.62M | |
| $604.04K | $1.04M | $3.09M | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| -$7.6M | -$9.17M | -$3.5M | $646.15K | $7.18M | $17.76K | $922.02K | $226.14K | $171.65K | -$95.31K | -$3.4M | $104.15K | -$111.69K | -$53.24K | $1562 | $105.07K | |
| -$11.44M | -$10.84M | -$15.81M | -$6.82M | -$3.27M | -$8.15M | -$1.78M | $235.35K | -$6.39M | -$11.86M | -$7.86M | -$10.4M | $3.18M | $1.1M | $3.4M | $17.62M | |
| $47.88K | $51.14K | $34.82K | $119.18K | $12.24K | $24.58K | $20.34K | -$15.27K | $405.27K | -$34.5K | $256.95K | -$753.42K | $1.22M | $2.06M | $1.16M | $7.82M | |
| -$11.49M | -$10.89M | -$15.85M | -$8.13M | -$10.35M | $2.97M | -$171.66K | $6.47M | -$6.79M | -$11.83M | -$8.11M | -$9.65M | $1.96M | -$957.89K | $2.24M | $9.8M | |
| — | -15.15% | -27.87% | -10.21% | -37.61% | 42.42% | -0.4% | 12.71% | -10.33% | -14.36% | -8.17% | -8.96% | 1.65% | -0.73% | 2.15% | 6.81% | |
| — | -$10.89M | -$27.44M | -$8.13M | -$27.22M | — | — | — | — | — | — | — | — | — | — | — | |
| — | — | -$15.85M | -$8.12M | -$10.36M | $3.65M | -$152.76K | $6.52M | -$6.93M | -$11.75M | -$8.13M | -$9.62M | $1.51M | -$609.85K | $1.54M | $10.19M | |
| USD/shares | — | -$4.38 | -$10,116.00 | -$121,500.00 | -$606,000.00 | $186,000.00 | -$12,000.00 | $420,000.00 | -$450,000.00 | -$792,000.00 | -$552,000.00 | -$666,000.00 | $138,000.00 | -$66,000.00 | $156,000.00 | $696,000.00 |
| USD/shares | — | -$4.38 | -$10,116.00 | -$121,500.00 | -$606,000.00 | $186,000.00 | -$12,000.00 | $414,000.00 | -$450,000.00 | -$792,000.00 | -$552,000.00 | -$666,000.00 | $138,000.00 | -$66,000.00 | $156,000.00 | $690,000.00 |
| shares | — | 2.49M | 2712.27 | 66.9065 | 44.943 | 15.8964 | 15.5378 | 15.4538 | 15.1813 | 14.9042 | 14.7196 | 14.5337 | 14.3701 | 14.2185 | 14.1808 | 14.081 |
| shares | — | 2.49M | 2712.27 | 66.9065 | 44.943 | 16.1259 | 15.5378 | 15.5624 | 15.1813 | 14.9042 | 14.7196 | 14.5337 | 14.4007 | 14.2185 | 14.1977 | 14.1598 |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2025: $8.97M in buybacks, $70.02M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
0.02×
Solar median 28.58×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Sunation NY | $49,600,311 | $39,733,362 | — | — | — |
| Hawaii Energy Connection | $22,305,216 | $17,128,391 | $27,268,999 | — | — |
| Services And Support Segment | — | — | — | $7,483,000 | $8,777,000 |
| Sunation | — | — | $52,363,710 | — | — |
By Product & Service (USD)
| Component | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|
| Residential Contracts | $64,855,898 | $25,375,067 | — |
| Commercial Contracts | $11,283,903 | $1,673,403 | — |
| Service | $3,133,865 | $412,388 | — |
| Software | $347,550 | — | — |
| Other Product Or Service | $11,493 | $61,241 | — |
| Commission Revenue | — | — | $38,162 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Sunation NY | $3,116,607 | -$984,276 | — | — | — |
| Hawaii Energy Connection | $1,186,373 | -$5,075,283 | $851,996 | — | — |
| Corporate And Other | -$5,976,017 | -$6,257,844 | -$10,149,044 | — | — |
| Services And Support Segment | — | — | — | -$456,000 | $310,000 |
| Sunation | — | — | $1,830,183 | — | — |
| All Other Segments | — | — | — | -$7,743,000 | -$5,935,000 |
Operating Margin by Segment (%)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Sunation NY | 6.3% | -2.5% | — | — | — |
| Hawaii Energy Connection | 5.3% | -29.6% | 3.1% | — | — |
| Services And Support Segment | — | — | — | -6.1% | 3.5% |
| Sunation | — | — | 3.5% | — | — |