SolarBank Corporation
SolarBank Corporation (SUUN) Financial Performance & Income Statement Overview
Review SolarBank Corporation (SUUN) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
SolarBank Corporation (SUUN) Income Statement & Financial Overview
Access detailed annual and quarterly income data for SolarBank Corporation SUUN financial performance.
| Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|
| Revenue | $4.10M | $16.005M | $7.98M | $24.07M |
| Cost of Revenue | $2.79M | $11.45M | $6.57M | $18.69M |
| Gross Profit | $1.31M | $4.55M | $1.41M | $5.39M |
| Gross Profit Ratio | $0.32 | $0.28 | $0.18 | $0.22 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $2.53M | $3.51M | $3.20M | $3.16M |
| Operating Expenses | $2.89M | $3.64M | $3.87M | $3.51M |
| Total Costs & Expenses | $5.68M | $15.09M | $10.44M | $22.19M |
| Interest Income | $109162.00 | $219450.00 | $58566.00 | $103449.00 |
| Interest Expense | $805639.00 | $802331.00 | $6388.00 | $128103.00 |
| Depreciation & Amortization | $1.54M | $1.51M | $291285.00 | $47370.00 |
| EBITDA | $85189.00 | $3.36M | -$6.61M | $2.08M |
| EBITDA Ratio | $0.02 | $0.21 | -$0.83 | $0.09 |
| Operating Income | -$1.58M | $916125.00 | -$2.46M | $1.88M |
| Operating Income Ratio | -$0.39 | $0.06 | -$0.31 | $0.08 |
| Other Income/Expenses (Net) | -$684127.00 | $130445.00 | -$4.44M | $2.39M |
| Income Before Tax | -$2.26M | $1.05M | -$6.90M | $4.27M |
| Income Before Tax Ratio | -$0.55 | $0.07 | -$0.87 | $0.18 |
| Income Tax Expense | -$164413.00 | $805478.00 | $2.20M | $766648.00 |
| Net Income | -$911508.00 | $841892.00 | -$9.06M | $2.59M |
| Net Income Ratio | -$0.22 | $0.05 | -$1.14 | $0.11 |
| EPS | -$0.03 | $0.03 | -$0.24 | $0.10 |
| Diluted EPS | -$0.03 | $0.02 | -$0.24 | $0.07 |
| Weighted Avg Shares Outstanding | $30.99M | $27.14M | $27.19M | $27.14M |
| Weighted Avg Shares Outstanding (Diluted) | $30.99M | $37.37M | $27.19M | $37.37M |
Financial performance has remained strong, with revenue growing from $24.07M in Q3 2024 to $4.10M in Q2 2025. Gross profit continued to perform well, with margins at 32% in the latest quarter. Operating income reached -$1.58M in Q2 2025, holding a steady -39% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at $85189.00. Net income dropped to -$911508.00, keeping EPS at -$0.03. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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