PowerBank (SUNN) Q2 2026 earnings summary

Executive summary

• Fiscal year-to-date revenue reached $22.3 million, up from $19.2 million year-over-year, with gross profit of $8.1 million (36% margin) versus $5.7 million (30% margin) in the prior year.

• Net loss narrowed to $6.7 million ($0.18 per share) from $28.2 million ($0.91 per share) year-over-year.

• Cash flow from operating activities improved to an inflow of $5.0 million from an outflow of $1.1 million year-over-year.

• Strategic milestones include a $41 million USD transaction for three solar projects, collaboration with Orbit AI, and safe harbor status for 15 projects valued at $168 million USD.

Financial highlights

• Adjusted EBITDA was $2.5 million, up from $2.3 million year-over-year.

• Development fees increased to $3.4 million from $2.2 million, EPC services to $13.8 million from $12.3 million, and IPP production to $5.1 million from $4.6 million year-over-year.

• Current assets at quarter-end were $35.7 million, including $20.8 million in cash, restricted cash, and short-term investments.

• Current liabilities decreased to $31.3 million from $43.1 million at the previous fiscal year-end.

Outlook and guidance

• Strategy focuses on growing the Independent Power Producer asset base for recurring revenues and selectively monetizing development projects.

• Over 1 GW in the development pipeline and strategic partnerships spanning terrestrial and orbital infrastructure.