SUNation Energy Inc. (SUNE) Balance Sheet
SUNE balance sheet, 2025
December 31, 2025 · U.S. dollars$48.2M assets = $23.9M liabilities + $24.3M equity
Both columns are drawn to the same scale: what SUNE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SUNE financial health
Descriptive bands, not a rating. Fiscal 2025.
SUNE balance sheet trends, 2011–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.88B2011 | $48.2M2025 | −40.1%/yr | |
| Total liabilities | $4.14B2011 | $23.9M2025 | −43.6%/yr | |
| Shareholders’ equity | $737.9M2011 | $24.3M2025 | −31.5%/yr | |
| Cash & short-term investments | $639.8M2011 | $7.2M2025 | −39.3%/yr | |
| Total debt | $571.4M2011 | $10.1M2025 | −36.2%/yr | |
| Net cash (debt) | $68.4M2011 | −$2.9M2025 | −$71.3M | |
| Working capital | $449.0M2011 | $1.1M2025 | −$447.9M | |
| Current ratio | 1.312011 | 1.072025 | −0.24 | |
| Debt / equity | 0.772011 | 0.412025 | −0.36 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SUNE assets
SUNE liabilities and equity
SUNE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SUNE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $7.2M | $839,268 | $3.6M | $4.9M | $3.6M | — | $1.09B | $614.5M | $621.6M | $639.8M |
| Cash & equivalents | $7.2M | $839,268 | $3.6M | $2.2M | $3.5M | — | $943.7M | $573.5M | $572.6M | $585.8M |
| Short-term investments | — | — | $0 | $2.7M | $135,240 | — | $149.1M | $41.0M | $49.0M | $54.0M |
| Receivables | $4.9M | $5.5M | $5.1M | $6.5M | $1.8M | $0 | $471.9M | $351.5M | $220.4M | $202.9M |
| Inventory | $2.5M | $2.7M | $3.6M | $6.1M | $194,506 | $0 | $226.4M | $248.4M | $247.8M | $321.8M |
| Other current assets | $1.8M | $2.1M | $3.5M | $8.6M | $905,129 | $480,000 | $996.9M | $1.17B | $369.4M | $721.4M |
| Total current assets | $16.5M | $11.1M | $15.8M | $26.0M | $6.5M | $480,000 | $2.79B | $2.38B | $1.46B | $1.89B |
| Property, plant & equipment (net) | $4.3M | $4.9M | $6.0M | $5.4M | $300,405 | $0 | $7.07B | $3.12B | $2.67B | $2.39B |
| Goodwill & intangible assets | $27.4M | $29.7M | $36.4M | $41.1M | $4.4M | $4.2M | $0 | $0 | $114.2M | $149.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $12,000 | $12,000 | $12,000 | $2.3M | $8.8M | $0 | $1.64B | $1.17B | $455.2M | $453.4M |
| Total assets | $48.2M | $45.7M | $58.2M | $74.7M | $20.1M | $4.7M | $11.50B | $6.68B | $4.70B | $4.88B |
| Liabilities | ||||||||||
| Accounts payable | $7.4M | $8.0M | $7.7M | $7.6M | $798,457 | $11,000 | $5.2M | $4.9M | $9.2M | $4.4M |
| Short-term debt | $2.4M | $10.4M | $5.5M | $5.9M | $117,527 | — | $1.08B | $2.8M | $3.4M | $3.7M |
| Deferred revenue | $2.7M | $2.3M | $2.6M | $7.0M | $635,894 | — | $92.3M | $154.0M | $113.0M | $700,000 |
| Total current liabilities | $15.4M | $27.2M | $22.4M | $25.9M | $2.6M | $11,000 | $3.15B | $1.89B | $1.14B | $1.44B |
| Long-term debt | $4.5M | $6.5M | $10.1M | $7.8M | $6.2M | $4.8M | $0 | $0 | $0 | $0 |
| Lease obligations | $3.5M | $3.8M | $4.6M | $4.2M | $0 | — | — | — | — | — |
| Other long-term liabilities | $4.0M | $3.5M | $5.2M | $13.8M | $0 | $2.4M | $6.83B | $1.63B | $1.36B | $1.15B |
| Total liabilities | $23.9M | $37.2M | $37.7M | $47.5M | $3.1M | $7.2M | $11.27B | $6.45B | $4.13B | $4.14B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $170,331 | $93,432 | $512,330 | $495,779 | $486,031 | — | $2.7M | $2.7M | $2.4M | $2.4M |
| Retained earnings (deficit) | −$53.8M | −$42.9M | −$27.1M | −$19.1M | −$28.3M | — | −$1.35B | −$168.0M | $425.3M | $577.5M |
| Accumulated other comprehensive income | — | — | — | −$10,422 | $2,283 | — | −$110.8M | −$60.0M | −$39.8M | −$3.9M |
| Total shareholders' equity | $24.3M | $8.5M | $20.4M | $27.2M | $17.0M | −$2.5M | $232.9M | $232.2M | $575.3M | $737.9M |
| Key figures | ||||||||||
| Total debt | $10.1M | $20.4M | $19.8M | $17.6M | $167,697 | $4.8M | $7.20B | $878.6M | $762.1M | $571.4M |
| Net cash (debt) | −$2.9M | −$19.6M | −$16.2M | −$12.8M | $3.5M | −$4.8M | −$6.11B | −$264.1M | −$140.5M | $68.4M |
| Working capital | $1.1M | −$16.1M | −$6.6M | $27,366 | $3.9M | $469,000 | −$357.1M | $495.7M | $323.4M | $449.0M |
| Tangible book value | −$3.1M | −$21.1M | −$15.9M | −$13.9M | $12.6M | −$6.7M | $232.9M | $232.2M | $461.1M | $588.7M |
| Book value per share | $9.78 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 2.5M | — | — | — | — | — | — | — | — | — |
| Current ratio | 1.07 | 0.41 | 0.71 | 1.00 | 2.50 | 43.64 | 0.89 | 1.26 | 1.28 | 1.31 |
| Quick ratio | 0.79 | 0.23 | 0.39 | 0.44 | 2.08 | 0.00 | 0.50 | 0.51 | 0.74 | 0.59 |
| Debt / equity | 0.41 | 2.39 | 0.97 | 0.65 | 0.01 | — | 30.91 | 3.78 | 1.32 | 0.77 |
| Equity / assets | 50.5% | 18.7% | 35.1% | 36.4% | 84.8% | −53.3% | 2.0% | 3.5% | 12.2% | 15.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.1M | $1.7M | $7.2M | $5.4M | $3.2M | $1.4M | $839,268 | $1.1M | $1.0M | $1.8M | $3.6M | $3.4M |
| Cash & equivalents | $3.1M | $1.7M | $7.2M | $5.4M | $3.2M | $1.4M | $839,268 | $1.1M | $1.0M | $1.8M | $3.6M | $3.4M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $3.4M | $3.5M | $4.9M | $5.7M | $3.9M | $4.6M | $5.5M | $4.6M | $4.8M | $5.0M | $5.1M | $6.2M |
| Inventory | $2.6M | $2.9M | $2.5M | $3.0M | $2.3M | $2.5M | $2.7M | $2.7M | $3.2M | $2.9M | $3.6M | $4.6M |
| Other current assets | $1.4M | $973,615 | $1.8M | $3.0M | $1.5M | $1.9M | $2.1M | $3.3M | $3.2M | $3.4M | $3.5M | $4.7M |
| Total current assets | $10.5M | $9.0M | $16.5M | $17.2M | $11.0M | $10.5M | $11.1M | $11.7M | $12.2M | $13.1M | $15.8M | $18.9M |
| Property, plant & equipment (net) | $4.1M | $4.2M | $4.3M | $4.4M | $4.6M | $4.8M | $4.9M | $5.1M | $5.7M | $5.9M | $6.0M | $6.2M |
| Goodwill & intangible assets | $26.3M | $26.9M | $27.4M | $28.0M | $28.5M | $29.1M | $29.7M | $34.2M | $34.9M | $35.6M | $36.4M | $37.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 |
| Total assets | $40.9M | $40.1M | $48.2M | $49.6M | $44.1M | $44.4M | $45.7M | $51.0M | $52.9M | $54.7M | $58.2M | $62.5M |
| Liabilities | ||||||||||||
| Accounts payable | $4.6M | $4.6M | $7.4M | $7.3M | $6.4M | $6.5M | $8.0M | $8.2M | $8.5M | $7.0M | $7.7M | $7.1M |
| Short-term debt | $2.5M | $3.2M | $2.4M | $2.2M | $1.9M | $1.5M | $10.4M | $7.6M | $5.8M | $5.6M | $5.5M | $2.2M |
| Deferred revenue | $852,102 | $2.3M | $2.7M | $6.2M | $2.0M | $1.7M | $2.3M | $2.3M | $2.8M | $2.0M | $2.6M | $5.1M |
| Total current liabilities | $13.8M | $12.6M | $15.4M | $19.0M | $12.8M | $20.3M | $27.2M | $24.9M | $23.8M | $20.9M | $22.4M | $22.2M |
| Long-term debt | $2.7M | $3.1M | $4.5M | $5.0M | $5.5M | $6.0M | $6.5M | $9.3M | $9.7M | $9.9M | $10.1M | $13.2M |
| Lease obligations | $3.3M | $3.4M | $3.5M | $3.5M | $3.6M | $3.7M | $3.8M | $3.9M | $4.4M | $4.5M | $4.6M | $4.7M |
| Other long-term liabilities | $3.9M | $4.2M | $4.0M | $3.9M | $3.7M | $3.4M | $3.5M | $3.6M | $30.3M | $35.0M | $5.2M | $5.2M |
| Total liabilities | $20.4M | $19.9M | $23.9M | $27.9M | $22.0M | $29.6M | $37.2M | $37.9M | $63.8M | $65.8M | $37.7M | $40.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $325,655 | $170,331 | $170,331 | $170,331 | $170,331 | $4,070 | $93,432 | $47,021 | $362,163 | $3.2M | $512,330 | $509,136 |
| Retained earnings (deficit) | −$61.2M | −$57.9M | −$53.8M | −$56.4M | −$56.0M | −$46.4M | −$42.9M | −$36.1M | −$32.8M | −$25.9M | −$27.1M | −$25.4M |
| Total shareholders' equity | $20.5M | $20.3M | $24.3M | $21.7M | $22.1M | $14.8M | $8.5M | $13.1M | −$10.9M | −$11.2M | $20.4M | $21.9M |
| Key figures | ||||||||||||
| Total debt | $8.2M | $9.4M | $10.1M | $10.4M | $10.7M | $10.8M | $20.4M | $20.5M | $19.4M | $19.6M | $19.8M | $19.8M |
| Net cash (debt) | −$5.2M | −$7.7M | −$2.9M | −$5.0M | −$7.5M | −$9.4M | −$19.6M | −$19.5M | −$18.4M | −$17.8M | −$16.2M | −$16.3M |
| Working capital | −$3.2M | −$3.5M | $1.1M | −$1.9M | −$1.9M | −$9.7M | −$16.1M | −$13.2M | −$11.6M | −$7.8M | −$6.6M | −$3.2M |
| Tangible book value | −$5.8M | −$6.6M | −$3.1M | −$6.3M | −$6.4M | −$14.3M | −$21.1M | −$21.1M | −$45.8M | −$46.8M | −$15.9M | −$15.5M |
| Book value per share | $3.21 | $5.95 | $9.78 | $6.38 | $7.21 | — | — | — | — | — | — | — |
| Shares outstanding | 6.4M | 3.4M | 2.5M | 3.4M | 3.1M | — | — | — | — | — | — | — |
| Current ratio | 0.77 | 0.72 | 1.07 | 0.90 | 0.86 | 0.52 | 0.41 | 0.47 | 0.51 | 0.63 | 0.71 | 0.85 |
| Quick ratio | 0.47 | 0.41 | 0.79 | 0.59 | 0.56 | 0.30 | 0.23 | 0.23 | 0.25 | 0.32 | 0.39 | 0.43 |
| Debt / equity | 0.40 | 0.46 | 0.41 | 0.48 | 0.48 | 0.73 | 2.39 | 1.56 | — | — | 0.97 | 0.90 |
| Equity / assets | 50.2% | 50.5% | 50.5% | 43.8% | 50.1% | 33.3% | 18.7% | 25.7% | −20.6% | −20.4% | 35.1% | 35.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
SUNE financial position
At the end of fiscal 2025 (December 31, 2025), SUNation Energy had total assets of $48.2 million (up 5.5% from a year earlier), total liabilities of $23.9 million and shareholders' equity of $24.3 million. It held $7.2 million in cash and short-term investments against $10.1 million of debt, net debt of $2.9 million. Its current ratio was 1.07. In the latest quarter (ended June 30, 2026) total assets were $40.9 million and equity $20.5 million.
Related: SUNE income statement, SUNE cash flow statement, SUNE key metrics. See the SUNE stock overview for the latest quote and news.
SUNE balance sheet FAQ
What are SUNation Energy's total assets?
SUNation Energy reported total assets of $48.2 million at the end of fiscal 2025 (December 31, 2025), compared with $45.7 million a year earlier.
How much debt does SUNation Energy have?
SUNation Energy had $10.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.41.
How much cash does SUNation Energy have?
SUNation Energy held $7.2 million in cash and short-term investments at the end of fiscal 2025; with $10.1 million of debt that is net debt of $2.9 million.
What is SUNation Energy's book value?
SUNation Energy's shareholders' equity (book value) was $24.3 million at the end of fiscal 2025, or $9.78 per share.
What is SUNation Energy's current ratio?
SUNation Energy had current assets of $16.5 million and current liabilities of $15.4 million, a current ratio of 1.07 (it can cover its short-term obligations).
How much goodwill does SUNation Energy have?
SUNation Energy carried $27.4 million of goodwill and intangible assets, 56.9% of total assets, at the end of fiscal 2025.