Filing Flows › SUNation Energy (SUNE) › Q1 2026
SUNation Energy (SUNE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
SUNation Energy (SUNE) reported revenue of $7.2M for the first quarter 2026 (Q1 2026), -43% from a year earlier and -74% from the quarter before. Operating margin was -60.2%, net loss $4.1M (56.9% of revenue).
SUNation Energy, Q1 2026: revenue $7.2M (-43% year over year), operating margin -60.2%, net loss $4.1M, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | -74% | -43% |
| Operating profit | −$4.3M | -249% | — |
| Net earnings | −$4.1M | -257% | — |
| Operating cash flow | −$5.2M | -346% | — |
What changed
Revenue was $7.2M in Q1 2026, down 43% year over year and down 74% from the previous quarter. SUNation NY was the largest line at 72% of revenue. SUNation NY lost $4.4M year over year (down 46%), 81% of the total change.
Gross margin was 22.1%, down 12.9 points from Q1 2025. Operating costs exceeded revenue by $4.3M, an operating margin of -60.2%. Operating expenses fell 10% while revenue fell 43%. The quarter ended with a net loss of $4.1M, after a profit of $2.6M the previous quarter.
Operating cash flow was −$5.2M. Non-cash charges added back $623K of depreciation and amortization and $6K of share-based compensation. Working capital and other items used $1.7M.
Questions
What was SUNation Energy's revenue in the first quarter 2026?
SUNation Energy (SUNE) reported revenue of $7.2M for the first quarter 2026 (Q1 2026), -43% from a year earlier and -74% from the quarter before.
Was SUNation Energy profitable in the first quarter 2026?
Operating loss was $4.3M (-60.2% of revenue) and net loss $4.1M.
Source: SUNation Energy 10-Q on SEC EDGAR.