Filing Flows › SUNation Energy (SUNE) › Q1 2025
SUNation Energy (SUNE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
SUNation Energy (SUNE) reported revenue of $12.6M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -18% from the quarter before. Operating margin was -17.2%, net loss $3.5M (27.7% of revenue).
SUNation Energy, Q1 2025: revenue $12.6M (-4% year over year), operating margin -17.2%, net loss $3.5M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.6M | -18% | -4% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$3.4M | — | — |
What changed
Revenue was $12.6M in Q1 2025, down 4% year over year and down 18% from the previous quarter. SUNation was the largest line at 76% of revenue. HEC lost $374K year over year (down 11%), 64% of the total change.
Gross margin was 35.1%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -17.2%. Operating expenses fell 6% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+56%). The quarter ended with a net loss of $3.5M, narrower than the previous quarter's $6.8M loss.
Operating cash flow was −$3.4M. Non-cash charges added back $627K of depreciation and amortization and $31K of share-based compensation. Working capital and other items used $565K.
Questions
What was SUNation Energy's revenue in the first quarter 2025?
SUNation Energy (SUNE) reported revenue of $12.6M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -18% from the quarter before.
Was SUNation Energy profitable in the first quarter 2025?
Operating loss was $2.2M (-17.2% of revenue) and net loss $3.5M.
Source: SUNation Energy 10-Q on SEC EDGAR.