SUNation Energy Q4 revenue up 77% to $27.2M; beats FY 2025 guidance, net income in Q4

SUNation Energy, Inc.

Q4 revenue $27.2M (+77% YoY), gross margin 40.7% (vs 36.4%), net income $2.6M vs loss of $6.8M.
FY 2025 revenue $71.9M (+26% YoY), above guidance of $65-70M; Adjusted EBITDA $2.5M vs loss of $4.9M.
Total debt reduced ~57% to $8.1M; liquidity increased to $7.2M from $1.2M at end of 2024.
New York revenue up 25%, Hawaii up 30%; 35% of jobs from referrals/repeat customers.
No formal 2026 guidance given due to regulatory changes (Section 25D sunset, tariffs).

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