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SUNation Energy (SUNE) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · SUNation Energy (SUNE) Q2 2026 earnings results →
Q2 2026 Revenue down 38% year over year to $8.2M · 41¢ of every $1 of revenue lost · operating margin -39.0%
SUNation Energy made $8.2M in Q2 2026 (-38% Y/Y): SUNation NY $5.4M, HEC $2.8M. Operating margin -39.0%, net loss $3.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $8.2M in Q2 2026, down 38% year over year and up 13% from the previous quarter. SUNation NY was the largest line at 66% of revenue. SUNation NY lost $4.4M year over year (down 45%), 91% of the total change.
Gross margin was 26.1%, down 11.0 points from Q2 2025. Operating costs exceeded revenue by $3.2M, an operating margin of -39.0%. Operating expenses fell 24% while revenue fell 38%. The fastest-growing cost line was Other operating costs (+102%). The quarter ended with a net loss of $3.3M, narrower than the previous quarter's $4.1M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $622K of depreciation and amortization and $4K of share-based compensation. Working capital and other items added $1.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $8.2M | -38% | -39.0% | −$3.3M | −$1.1M |
| Q1 2026 | 10-Q | May 15, 2026 | $7.2M | -43% | -60.2% | −$4.1M | −$5.2M |
| Q4 2025 | 10-K | Mar 23, 2026 | $27.2M | +77% | 10.7% | $2.6M | $2.1M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $19.0M | +29% | -1.3% | −$393K | $2.4M |
| Q2 2025 | 10-Q | Aug 15, 2025 | $13.1M | -4% | -16.6% | −$9.6M | −$130K |
| Q1 2025 | 10-Q | May 15, 2025 | $12.6M | -4% | -17.2% | −$3.5M | −$3.4M |
| Q4 2024 | 10-K | Apr 15, 2025 | $15.4M | -21% | -42.3% | −$6.8M | −$1.9M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About SUNation Energy
SUNation Energy, Inc. (herein referred to as “SUNation Energy,” “SUNE,” “our,” “we” or the “Company”) is focused on growing leading local and regional solar, storage, and energy services companies nationwide. The SUNation Energy vision is the provision of exemplary client service while powering the energy transition through grass-root, community-centric growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s markets are New York and Hawaii, and the company operates proudly within two U.S. states.
In its own words, from its 10-K, filed Mar 23, 2026.
SUNation Energy against its Construction - Special Trade Contractors peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -38% against the peers' median +13%. Operating margin: -39.0% against the peers' median 6.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SUNE SUNation Energy | Q2 2026 | $8.2M | -38% | -39.0% |
| LGN Legence | Q2 2026 | $1.3B | +111% | -0.5% |
| RUN Sunrun | Q3 2026 | $1.1B | +52% | 14.0% |
| AMRC Ameresco | Q2 2026 | $515M | +9% | 8.6% |
| AGX Argan | Q2 FY27 | $384M | +62% | 14.8% |
| LMB Limbach Holdings | Q3 2026 | $230M | +25% | 6.5% |
| MTRX Matrix Service | Q1 FY27 | $219M | +4% | 2.0% |
| BBCP Concrete Pumping Holdings | Q3 FY26 | $117M | +13% | 12.9% |
| SPWR SunPower | Q2 2026 | $54.9M | -17% | -42.8% |
Source: SUNation Energy 10-Q on SEC EDGAR · CIK 22701 · Construction - Special Trade Contractors
13F: who owns SUNE and who is buying
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results