Sunrise New Energy Co., Ltd. (EPOW) Income Statement
EPOW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEPOW revenue and net income
Where EPOW's revenue goes
2025Each bar shows an amount and its share of revenue. EPOW kept −35.8% of revenue as net income.
EPOW profit margins
EPOW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −28.6% | +6.8% | +14.9% | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EPOW quarterly EPS vs estimates
Sunrise New Energy beat the analyst EPS estimate in 1 of the last 4 quarters.
EPOW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.4M | $65.0M | $45.1M | $38.1M | $7.4M | $23.2M | $17.9M | $13.5M | $2.3M |
| Cost of revenue | $52.3M | $70.8M | $57.5M | $39.5M | $3.9M | $3.0M | $2.1M | $1.1M | $780,341 |
| Gross profit | −$5.8M | −$5.8M | −$12.4M | −$1.4M | $3.5M | $20.2M | $15.8M | $12.4M | $1.5M |
| Research & development | $2.0M | $2.5M | $1.2M | $1.1M | $2.2M | $671,312 | $795,540 | $665,378 | $255,424 |
| Sales, general & admin | $8.2M | $8.3M | $13.8M | $13.8M | $8.8M | $4.8M | $4.2M | $3.0M | $2.1M |
| Total operating expenses | $10.2M | $10.8M | $18.1M | $17.5M | $10.9M | $5.5M | $5.0M | $3.7M | $2.3M |
| Operating income | −$16.0M | −$16.6M | −$27.4M | −$18.8M | −$7.4M | $14.7M | $10.8M | $8.7M | −$826,188 |
| Interest income | — | — | — | — | $173,173 | $214,460 | $212,285 | $142,612 | — |
| Interest expense | $4.6M | $2.0M | $2.2M | $27,128 | $3.3M | $415,363 | $539,373 | $142,612 | $79,988 |
| Income before taxes | −$26.7M | −$18.0M | −$32.9M | −$22.3M | −$9.0M | $15.0M | $11.0M | $8.8M | −$819,177 |
| Income taxes | −$387 | $5,563 | −$226 | $808,970 | −$236,581 | $3.1M | $1.6M | $1.2M | −$149,447 |
| Net income | −$16.6M | −$11.8M | −$24.2M | −$22.6M | −$8.4M | $12.1M | $9.7M | $7.5M | −$674,679 |
| EBITDA | −$15.7M | −$10.2M | −$26.5M | −$20.0M | −$7.9M | $16.0M | $11.3M | $8.7M | −$816,973 |
| EPS (diluted) | −$0.43 | −$0.44 | −$0.93 | −$0.89 | −$8.57 | $0.41 | $14.50 | $11.10 | −$0.72 |
| Gross margin | −12.6% | −8.9% | −27.5% | −3.5% | 47.5% | 87.1% | 88.2% | 91.6% | 65.9% |
| Operating margin | −34.5% | −25.5% | −60.8% | −49.3% | −100.0% | 63.5% | 60.1% | 64.3% | −36.1% |
| Net margin | −35.8% | −18.1% | −53.8% | −59.4% | −113.4% | 52.1% | 54.4% | 55.2% | −29.5% |
| Mar '26 | Sep '25 | Mar '25 | Sep '24 | Mar '24 | Sep '23 | Mar '23 | Sep '22 | Dec '21 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.4M | $28.0M | $42.7M | $22.3M | $24.3M | $20.7M | $27.9M | $10.3M | $2.0M | $5.4M | $16.7M |
| Cost of revenue | $28.0M | $24.3M | $48.5M | $22.3M | $37.4M | $20.1M | $30.2M | $9.2M | $1.1M | $2.8M | $1.6M |
| Gross profit | −$9.5M | $3.7M | −$5.8M | $17,389 | −$13.0M | $619,327 | −$2.4M | $1.0M | $839,632 | $2.7M | $15.1M |
| Research & development | $1.2M | $754,331 | $1.7M | $847,852 | $440,705 | $752,377 | $951,045 | $102,837 | $1.1M | $1.0M | $236,476 |
| Sales, general & admin | $4.6M | $3.6M | $3.7M | $4.6M | $8.5M | $5.3M | $7.7M | $6.1M | $5.9M | $2.9M | $2.5M |
| Total operating expenses | $5.8M | $4.4M | $5.4M | $5.4M | $12.1M | $6.0M | $8.6M | $6.2M | $7.0M | $3.9M | $2.7M |
| Operating income | −$15.4M | −$667,127 | −$11.2M | −$5.4M | −$25.1M | −$5.4M | −$11.0M | −$5.1M | −$6.2M | −$1.2M | $12.4M |
| Interest expense | $2.3M | $2.2M | $1.1M | $918,199 | $1.6M | $527,083 | $65,768 | — | — | — | — |
| Income before taxes | −$23.8M | −$2.8M | −$12.0M | −$6.0M | −$27.1M | −$5.8M | −$16.0M | −$6.4M | −$7.0M | −$2.0M | $12.5M |
| Income taxes | −$526 | $139 | −$13,700 | $19,263 | −$385 | $159 | −$197,287 | $1.0M | $310,776 | −$547,357 | $2.8M |
| Net income | −$15.4M | −$1.3M | −$7.3M | −$4.5M | −$19.5M | −$4.7M | −$15.1M | −$7.5M | −$7.0M | −$1.4M | $9.8M |
| EBITDA | −$18.0M | $2.3M | −$7.8M | −$2.4M | −$22.7M | −$3.9M | −$14.4M | −$4.4M | −$5.6M | −$781,324 | $13.2M |
| EPS (diluted) | — | −$0.05 | −$0.27 | −$0.21 | — | — | — | — | — | — | $0.41 |
| Gross margin | −51.7% | 13.2% | −13.6% | 0.1% | −53.5% | 3.0% | −8.6% | 10.1% | 42.7% | 49.3% | 90.4% |
| Operating margin | −83.3% | −2.4% | −26.2% | −24.3% | −103.1% | −26.2% | −39.6% | −50.0% | −314.9% | −22.3% | 74.3% |
| Net margin | −83.4% | −4.5% | −17.1% | −20.0% | −80.2% | −22.7% | −54.3% | −73.2% | −356.4% | −25.6% | 58.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EPOW's financial statements (latest annual report filed May 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EPOW financial results
In fiscal year 2025 (ended December 31, 2025), Sunrise New Energy reported revenue of $46.4 million, down 28.6% from the year before. It had a net loss of $16.6 million, a net profit margin of −35.8%. Diluted earnings per share came to −$0.43. Over five years revenue grew at an average rate of 14.9% a year.
See the EPOW stock overview for the latest quote and news, or the EPOW chart for price history and technical indicators.
EPOW income statement FAQ
What is Sunrise New Energy's annual revenue?
Sunrise New Energy reported total revenue of $46.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 28.6% from $65.0 million the previous year.
Is Sunrise New Energy profitable?
No. Sunrise New Energy reported a net loss of $16.6 million in fiscal 2025, a net profit margin of −35.8%; its operating margin was −34.5%.
What is Sunrise New Energy's gross margin?
Sunrise New Energy's gross margin was −12.6% in fiscal 2025: for every $100 of revenue, Sunrise New Energy kept $-13 after the direct cost of its products and services.
How much does Sunrise New Energy spend on research and development?
Sunrise New Energy spent $2.0 million on research and development in fiscal 2025, 4.2% of revenue.
How fast is Sunrise New Energy growing?
Revenue grew 14.9% a year on average over the last five fiscal years, from $23.2 million to $46.4 million.
What are Sunrise New Energy's earnings per share?
Sunrise New Energy earned $-0.43 per diluted share in fiscal 2025, compared with $-0.44 a year earlier.
When does Sunrise New Energy's fiscal year end?
Sunrise New Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 15, 2026.