SUNation Energy, Inc. Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

6 Months Ended

Jun. 30, 2026



						Corporate and
	SUNation NY		HEC		Other		Total
Three Months Ended June 30, 2026
Sales	$	5,374,665	$	2,787,322	$	—	$	8,161,987
Cost of sales		3,959,265		2,073,200		—		6,032,465
Gross profit		1,415,400		714,122		—		2,129,522
Operating expenses:
Selling, general and administrative expenses		2,351,425		826,553		1,005,119		4,183,097
Amortization expense		203,125		356,250		—		559,375
Transaction costs		—		—		570,516		570,516
Total operating expenses		2,554,550		1,182,803		1,575,635		5,312,988
Operating loss		(1,139,150)		(468,681)		(1,575,635)		(3,183,466)
Other income (expense):
Investment and other income		6,394		—		7,115		13,509
Gain on sale of assets		—		—		1,000		1,000
Interest expense		(75,177)		—		(83,298)		(158,475)
Other (expense) income, net		(68,783)		—		(75,183)		(143,966)
Net loss before income taxes	$	(1,207,933)	$	(468,681)	$	(1,650,818)	$	(3,327,432)

Depreciation and amortization	$	246,727	$	375,702	$	—	$	622,429

Capital expenditures	$	2,500	$	—	$	—	$	2,500

Assets	$	22,759,005	$	15,225,023	$	2,937,773	$	40,921,801



						Corporate and
	SUNation NY		HEC		Other		Total
Three Months Ended June 30, 2025
Sales	$	9,820,849	$	3,243,405	$	—	$	13,064,254
Cost of sales		5,859,827		2,364,910		—		8,224,737
Gross profit		3,961,022		878,495		—		4,839,517
Operating expenses:
Selling, general and administrative expenses		3,746,504		1,021,320		1,675,905		6,443,729
Amortization expense		203,125		356,250		—		559,375
Total operating expenses		3,949,629		1,377,570		1,675,905		7,003,104
Operating income (loss)		11,393		(499,075)		(1,675,905)		(2,163,587)
Other income (expense):
Investment and other income		—		—		27,661		27,661
Fair value remeasurement of warrant liability		—		—		(7,531,044)		(7,531,044)
Fair value remeasurement of contingent forward contract		—		—		789,588		789,588
Fair value remeasurement of contingent value rights		—		—		6,271		6,271
Financing fees		—		—		(559,938)		(559,938)
Interest expense		—		—		(162,130)		(162,130)
Other (expense) income, net		—		—		(7,429,592)		(7,429,592)
Net loss before income taxes	$	11,393	$	(499,075)	$	(9,105,497)	$	(9,593,179)

Depreciation and amortization	$	251,048	$	374,381	$	—	$	625,429

Capital expenditures	$	—	$	8,817	$	—	$	8,817

Assets	$	24,140,111	$	16,935,705	$	3,054,034	$	44,129,850



						Corporate and
	SUNation NY		HEC		Other		Total
Six Months Ended June 30, 2026
Sales	$	10,528,508	$	4,827,928	$	—	$	15,356,436
Cost of sales		7,845,378		3,790,288		—		11,635,666
Gross profit		2,683,130		1,037,640		—		3,720,770
Operating expenses:
Selling, general and administrative expenses		5,148,696		1,613,546		2,782,277		9,544,519
Amortization expense		406,250		712,500		—		1,118,750
Transaction costs		—		—		570,516		570,516
Total operating expenses		5,554,946		2,326,046		3,352,793		11,233,785
Operating loss		(2,871,816)		(1,288,406)		(3,352,793)		(7,513,015)
Other income (expense):
Investment and other income		—		337		61,800		62,137
Gain on sale of assets		—		—		3,700		3,700
Interest expense		—		—		(291,924)		(291,924)
Gain on debt extinguishment		—		—		332,412		332,412
Other income (expense), net		—		337		105,988		106,325
Net loss before income taxes	$	(2,871,816)	$	(1,288,069)	$	(3,246,805)	$	(7,406,690)

Depreciation and amortization	$	493,413	$	751,553	$	—	$	1,244,966

Capital expenditures	$	2,500	$	—	$	—	$	2,500



						Corporate and
	SUNation NY		HEC		Other		Total
Six Months Ended June 30, 2025
Sales	$	19,365,403	$	6,335,489	$	—	$	25,700,892
Cost of sales		11,731,799		4,698,251		—		16,430,050
Gross profit		7,633,604		1,637,238		—		9,270,842
Operating expenses:
Selling, general and administrative expenses		7,594,004		1,997,994		2,891,029		12,483,027
Amortization expense		406,250		712,500		—		1,118,750
Total operating expenses		8,000,254		2,710,494		2,891,029		13,601,777
Operating (loss) income		(366,650)		(1,073,256)		(2,891,029)		(4,330,935)
Other income (expenses):
Investment and other income		—		—		75,826		75,826
Fair value remeasurement of warrant liability		—		—		(7,531,044)		(7,531,044)
Fair value remeasurement of contingent forward contract		—		—		899,080		899,080
Fair value remeasurement of contingent value rights		—		—		25,450		25,450
Financing fees		—		—		(1,136,532)		(1,136,532)
Interest expense		—		—		(733,370)		(733,370)
Loss on debt extinguishment		—		—		(343,471)		(343,471)
Other (expense) income, net		—		—		(8,744,061)		(8,744,061)
Net loss before income taxes	$	(366,650)	$	(1,073,256)	$	(11,635,090)	$	(13,074,996)

Depreciation and amortization	$	502,098	$	750,646	$	—	$	1,252,744

Capital expenditures	$	—	$	8,817	$	—	$	8,817