Sunation Energy sales rise 29% to $19 million in Q3 2025

Reuters11-10
Sunation Energy sales rise 29% to $19 million in Q3 2025

Sunation Energy Inc. reported third quarter 2025 sales of $19.0 million, a 29% increase from $14.7 million in the same period last year, primarily driven by a 54% rise in consolidated residential sales and a 72% increase in service revenue, partially offset by a decline in commercial contracts. Gross profit rose to $7.2 million, or 38.0% of sales, compared to $5.2 million, or 35.6% of sales, in the previous year. Total operating expenses increased to $7.5 million from $6.8 million, but as a percentage of sales improved to 39.3% from 46.5%. The net loss narrowed to $0.4 million from $3.3 million, and Adjusted EBITDA improved to $0.9 million from a loss of $1.0 million. At the end of the quarter, unrestricted cash stood at $5.4 million, the highest level since 2022, and total debt declined 59% from December 31, 2024. The company reiterated its full year 2025 financial guidance.

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