For the full year 2025, SUNation achieved a revenue increase of 26% to $71.9 million, exceeding the top end of its previous revenue guidance of $65 million to $70 million. The gross profit for the year was $27.5 million, reflecting a 35% increase from $20.4 million in 2024, with an improved gross margin of 38.3%. The company reported an operating loss of $1.7 million for the year, significantly improved from a loss of $12.3 million in 2024. Adjusted EBITDA for the full year was $2.5 million, compared to an Adjusted EBITDA loss of $4.9 million in 2024.
SUNation's strong performance was driven by robust residential demand, particularly in New York and Hawaii, where revenues increased by 25% and 30%, respectively. The company also highlighted its strategic focus on customer experience, service, and storage solutions, which contributed to its operational success. Management expressed confidence in navigating the challenges ahead in 2026, particularly with the expiration of certain tax credits, while emphasizing their commitment to disciplined execution and margin improvement. The company ended the year with approximately $7.2 million in liquidity and a significant reduction in total debt, positioning itself for future growth.
