---
title: "SUNation Energy | 8-K: FY2026 Q1 Revenue: USD 7.194 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286615542.md"
datetime: "2026-05-15T21:03:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286615542.md)
  - [en](https://longbridge.com/en/news/286615542.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286615542.md)
---

# SUNation Energy | 8-K: FY2026 Q1 Revenue: USD 7.194 M

Revenue: As of FY2026 Q1, the actual value is USD 7.194 M.

EPS: As of FY2026 Q1, the actual value is USD -1.2.

EBIT: As of FY2026 Q1, the actual value is USD -4.201 M.

#### Consolidated Financial Performance (Three Months Ended March 31, 2026 vs. 2025)

-   **Revenue**
    
    -   Consolidated revenue decreased 43.1% to $7.2 million from $12.6 million, primarily due to a 53% decrease in residential contract revenue and a 3% decrease in service revenue, partially offset by a 15% increase in commercial revenue .
    -   Sales were $7,194 thousand in 2026, down from $12,636 thousand in 2025, a decrease of $5,442 thousand or -43.1% .
-   **Gross Profit and Margin**
    
    -   Consolidated gross profit declined to $1.6 million from $4.4 million .
    -   Gross profit was $1,591 thousand in 2026, down from $4,431 thousand in 2025, a decrease of $2,840 thousand or -64.1% .
    -   Gross margin decreased to 22% from 35% .
-   **Operating Expenses**
    
    -   Total operating expenses decreased 10% to $5.9 million from $6.6 million .
    -   Total operating expenses were $5,921 thousand in 2026, down from $6,598 thousand in 2025, a decrease of $677 thousand or -10.3% .
    -   Selling, general and administrative expenses declined 11% to $5.4 million from $6.0 million . In thousands, these were $5,362 in 2026 vs. $6,039 in 2025, a decrease of -$677 thousand or -11.2% .
    -   Amortization expense was $559 thousand for both 2026 and 2025 .
-   **Interest Expense**
    
    -   Interest expense declined 77% to $0.13 million from $0.6 million . In thousands, interest expense was -$134 in 2026 vs. -$571 in 2025 .
-   **Other Income (Expense)**
    
    -   Other income, net, was $0.3 million compared to other expense, net, of -$1.3 million in the prior-year period . In thousands, other income (expense), net, was $250 in 2026 vs. -$1,315 in 2025 .
-   **Operating Loss**
    
    -   Operating loss was -$4.3 million compared to -$2.2 million in the prior-year quarter . In thousands, operating loss was -$4,330 in 2026 vs. -$2,167 in 2025 .
-   **Net Loss**
    
    -   Net loss was -$4.1 million, or -$1.20 per diluted share, compared to a net loss of -$3.5 million, or -$106.71 per diluted share . In thousands, net loss was -$4,091 in 2026 vs. -$3,496 in 2025 .
-   **Adjusted EBITDA**
    
    -   Adjusted EBITDA was -$3,126,036 in 2026, compared to -$1,464,215 in 2025 .

#### Balance Sheet and Liquidity (As of March 31, 2026 vs. December 31, 2025)

-   **Cash and Cash Equivalents**
    -   Cash and cash equivalents were $1.7 million at March 31, 2026, compared to $7.2 million at December 31, 2025 .
-   **Assets**
    -   Total current assets declined to $9.0 million from $16.5 million .
    -   Total assets were $40,120 thousand at March 31, 2026, compared to $48,244 thousand at December 31, 2025 .
-   **Liabilities**
    -   Accounts payable declined to $4.6 million from $7.4 million, an improvement of $2.78 million or 38% .
    -   Total current liabilities declined to $12.6 million from $15.4 million .
    -   Total long-term liabilities declined to $7.3 million from $8.5 million .
    -   Total liabilities declined by $4.04 million, or 17%, to $19,860 thousand at March 31, 2026, from $23,899 thousand at December 31, 2025 .
    -   Outstanding loans payable declined by $0.60 million from December 31, 2025 .
-   **Stockholders’ Equity**
    -   Total stockholders’ equity was $20.3 million at March 31, 2026, compared to $24.3 million at December 31, 2025 .
-   **Working Capital**
    -   Working capital was -$3,510 thousand at March 31, 2026, compared to $1,066 thousand at December 31, 2025 .

#### Cash Flow Summary (Three Months Ended March 31, 2026 vs. 2025)

-   **Operating Activities**
    -   Net cash used in operating activities was -$5,164 thousand in 2026, compared to -$3,403 thousand in 2025 .
-   **Investing Activities**
    -   Net cash provided by investing activities was $3 thousand in 2026, compared to $0 thousand in 2025 .
-   **Financing Activities**
    -   Net cash used in financing activities was -$334 thousand in 2026, compared to net cash provided of $3,992 thousand in 2025 .
-   **Net Change in Cash**
    -   Net decrease in cash, cash equivalents, and restricted cash was -$5,496 thousand in 2026, compared to an increase of $589 thousand in 2025 .

#### Operational Metrics

-   **Commercial Revenue Growth**
    -   Consolidated commercial revenue increased 15% year over year .
    -   In New York, commercial contract revenue increased 6% and service revenue increased 10% .
-   **Battery Attachment Rates (Hawaii)**
    -   In Hawaii, customer adoption of storage improved, with battery attachment rates increasing 46% year over year .
    -   The higher battery attachment rate in Hawaii supported a 27% increase in average revenue per system installed .
-   **Revenue per Residential Installation**
    -   On a consolidated basis, revenue per residential installation increased 2% .

#### Segment Performance (Three Months Ended March 31, 2026 vs. 2025)

-   **SUNation NY Segment**
    -   Revenue was $5,154 thousand in 2026, down from $9,545 thousand in 2025 .
    -   Gross profit was $1,268 thousand in 2026, down from $3,673 thousand in 2025 .
    -   Gross margin was 24.6% in 2026, down from 38.5% in 2025 .
    -   Operating loss was -$1,733 thousand in 2026, compared to -$378 thousand in 2025 .
-   **Hawaii Energy Connection Segment**
    -   Revenue was $2,041 thousand in 2026, down from $3,092 thousand in 2025 .
    -   Gross profit was $324 thousand in 2026, down from $759 thousand in 2025 .
    -   Gross margin was 15.9% in 2026, down from 24.5% in 2025 .
    -   Operating loss was -$820 thousand in 2026, compared to -$574 thousand in 2025 .

#### Outlook / Guidance

SUNation Energy Inc. anticipates that diversification will remain a key strategic consideration as the residential market adapts to a post-25D environment . The company plans to stabilize performance, address orphaned-system and retrofit opportunities, and respond to improving demand through continued focus on storage, service, and commercial activity . Additionally, SUNation Energy Inc. aims to improve its balance sheet, enhance financial flexibility, and evaluate strategic pathways to support long-term shareholder value .

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