Filing Flows › SUNation Energy (SUNE) › Q3 2025
SUNation Energy (SUNE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
SUNation Energy (SUNE) reported revenue of $19.0M for the third quarter 2025 (Q3 2025), +29% from a year earlier and +45% from the quarter before. Operating margin was -1.3%, net loss $393K (2.1% of revenue).
SUNation Energy, Q3 2025: revenue $19.0M (+29% year over year), operating margin -1.3%, net loss $393K, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.0M | +45% | +29% |
| Operating profit | −$246K | — | — |
| Net earnings | −$393K | — | — |
| Operating cash flow | $2.4M | — | — |
| Free cash flow | $2.4M | — | — |
What changed
Revenue was $19.0M in Q3 2025, up 29% year over year and up 45% from the previous quarter. SUNation NY was the largest line at 69% of revenue. SUNation NY added $2.4M year over year (up 22%), 56% of the total change.
Gross margin was 38.0%, up 2.4 points from a year earlier. Operating costs exceeded revenue by $246K, an operating margin of -1.3%. Operating expenses grew 9% against revenue growth of 29%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $393K, narrower than the previous quarter's $9.6M loss.
Operating cash flow was $2.4M. Non-cash charges added back $628K of depreciation and amortization and $19K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $9K left free cash flow of $2.4M.
Questions
What was SUNation Energy's revenue in the third quarter 2025?
SUNation Energy (SUNE) reported revenue of $19.0M for the third quarter 2025 (Q3 2025), +29% from a year earlier and +45% from the quarter before.
Was SUNation Energy profitable in the third quarter 2025?
Operating loss was $246K (-1.3% of revenue) and net loss $393K.
Source: SUNation Energy 10-Q on SEC EDGAR.