7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 
      
    		                              
      revenue:
    		                              
      product
    		384,314,000 296,611,000 211,869,000 471,711,000 233,770,000 226,308,000 153,364,000 261,818,000 304,976,000 214,706,000 193,745,000 360,249,000 213,243,000 173,625,000 133,547,000 250,165,000 128,550,000 146,867,000 137,930,000 171,801,000 131,076,000 116,197,000 99,559,000 53,087,000 182,616,000 179,899,000 141,734,000 156,671,000 125,690,000 108,654,000 
      installation
    		65,773,000 37,372,000 33,651,000 36,089,000 32,052,000 42,733,000 11,444,000 26,034,000 21,916,000 24,321,000 20,525,000 43,156,000 22,682,000 12,729,000 13,553,000 42,349,000 22,172,000 28,879,000 2,659,000 28,827,000 26,603,000 29,839,000 16,618,000 2,273,000 19,010,000 17,285,000 22,258,000 21,363,000 29,690,000 26,245,000 
      service
    		58,607,000 54,449,000 53,548,000 53,790,000 50,761,000 52,531,000 56,460,000 52,569,000 47,535,000 42,298,000 40,663,000 39,942,000 37,347,000 38,426,000 35,239,000 32,809,000 39,251,000 35,707,000 36,417,000 32,137,000 26,141,000 26,208,000 25,147,000 25,240,000 23,597,000 23,659,000 23,290,000 21,752,000 20,751,000 19,975,000 
      electricity
    		10,354,000 12,810,000 26,953,000 10,803,000 13,816,000 14,195,000 14,030,000 16,495,000 25,841,000 19,770,000 20,258,000 19,229,000 19,002,000 18,456,000 18,700,000 17,148,000 17,255,000 17,017,000 17,001,000 16,622,000 16,485,000 15,612,000 15,375,000 36,617,000 8,248,000 12,939,000 13,425,000 13,820,000 14,059,000 14,007,000 
      total revenue
    		519,048,000 401,242,000 326,021,000 572,393,000 330,399,000 335,767,000 235,298,000 356,916,000 400,268,000 301,095,000 275,191,000 462,576,000 292,274,000 243,236,000 201,039,000 342,471,000 207,228,000 228,470,000 194,007,000 249,387,000 200,305,000 187,856,000 156,699,000 117,217,000 233,471,000 233,782,000 200,707,000 213,606,000 190,190,000 168,881,000 
      yoy
    		57.10% 19.50% 38.56% 60.37% -17.46% 11.52% -14.50% -22.84% 36.95% 23.79% 36.88% 35.07% 41.04% 6.46% 3.62% 37.33% 3.46% 21.62% 23.81% 112.76% -14.21% -19.64% -21.93% -45.12% 22.76% 38.43%     
      qoq
    		29.36% 23.07% -43.04% 73.24% -1.60% 42.70% -34.07% -10.83% 32.94% 9.41% -40.51% 58.27% 20.16% 20.99% -41.30% 65.26% -9.30% 17.76% -22.21% 24.50% 6.63% 19.88% 33.68% -49.79% -0.13% 16.48% -6.04% 12.31% 12.62%  
      cost of revenue:
    		                              
      total cost of revenue2
    		367,373,000 294,119,000 237,314,000 353,076,000 251,665,000                          
      gross profit
    		151,675,000 107,123,000 88,707,000 219,317,000 78,734,000 68,522,000 38,076,000 92,391,000 -5,214,000 56,350,000 54,267,000 71,377,000 50,944,000 -1,970,000 27,937,000 68,703,000 36,883,000 37,344,000 54,651,000 63,626,000 55,987,000 26,249,000 19,931,000 -13,306,000 53,465,000 41,673,000 15,755,000 17,248,000 23,385,000 32,771,000 
      yoy
    		92.64% 56.33% 132.97% 137.38% -1610.05% 21.60% -29.84% 29.44% -110.23% -2960.41% 94.25% 3.89% 38.12% -105.28% -48.88% 7.98% -34.12% 42.27% 174.20% -578.18% 4.72% -37.01% 26.51% -177.15% 128.63% 27.16%     
      qoq
    		41.59% 20.76% -59.55% 178.55% 14.90% 79.96% -58.79% -1871.98% -109.25% 3.84% -23.97% 40.11% -2685.99% -107.05% -59.34% 86.27% -1.23% -31.67% -14.11% 13.64% 113.29% 31.70% -249.79% -124.89% 28.30% 164.51% -8.66% -26.24% -28.64%  
      gross margin %
    		29.22% 26.70% 27.21% 38.32% 23.83% 20.41% 16.18% 25.89% -1.30% 18.72% 19.72% 15.43% 17.43% -0.81% 13.90% 20.06% 17.80% 16.35% 28.17% 25.51% 27.95% 13.97% 12.72% -11.35% 22.90% 17.83% 7.85% 8.07% 12.30% 19.40% 
      operating expenses:
    		                              
      research and development
    		48,724,000 40,768,000 40,612,000 39,465,000 36,315,000 37,364,000 35,485,000 33,556,000 35,126,000 41,493,000 45,690,000 38,320,000 36,146,000 41,614,000 34,526,000 26,794,000 27,634,000 25,673,000 23,295,000 21,690,000 19,231,000 19,377,000 23,279,000 22,148,000 23,389,000 29,772,000 28,859,000 32,970,000 27,021,000 14,413,000 
      sales and marketing
    		41,995,000 24,066,000 22,265,000 21,838,000 14,667,000 17,901,000 13,599,000 16,026,000 20,002,000 26,822,000 27,111,000 25,850,000 23,275,000 20,475,000 21,334,000 23,696,000 20,124,000 22,727,000 19,952,000 18,840,000 11,700,000 11,427,000 13,949,000 16,626,000 18,125,000 18,359,000 20,463,000 24,983,000 21,476,000 8,254,000 
      general and administrative3
    		53,110,000 45,792,000 44,900,000 53,308,000 37,403,000                          
      total operating expenses
    		143,829,000 110,626,000 107,777,000 114,611,000 88,385,000 91,650,000 87,093,000 79,453,000 98,494,000 110,806,000 117,948,000 111,945,000 103,536,000 100,203,000 93,596,000 82,208,000 80,772,000 80,055,000 69,048,000 68,144,000 56,359,000 55,749,000 66,326,000 72,089,000 78,113,000 91,793,000 88,396,000 105,424,000 89,496,000 38,026,000 
      income from operations
    		7,846,000 -3,503,000 -19,070,000 104,706,000 -9,651,000 -23,128,000 -49,017,000 12,938,000 -103,708,000 -54,456,000 -63,681,000 -40,568,000 -52,592,000 -102,173,000 -65,659,000 -13,505,000 -43,889,000 -42,711,000 -14,397,000 -4,518,000 -372,000 -29,500,000 -46,395,000 -85,395,000 -24,648,000   -88,176,000 -66,111,000  
      yoy
    		-181.30% -84.85% -61.10% 709.29% -90.69% -57.53% -23.03% -131.89% 97.19% -46.70% -3.01% 200.39% 19.83% 139.22% 356.06% 198.92% 11698.12% 44.78% -68.97% -94.71% -98.49%   -3.15% -62.72%      
      qoq
    		-323.98% -81.63% -118.21% -1184.92% -58.27% -52.82% -478.86% -112.48% 90.44% -14.49% 56.97% -22.86% -48.53% 55.61% 386.18% -69.23% 2.76% 196.67% 218.66% 1114.52% -98.74% -36.42% -45.67% 246.46%    33.38%   
      operating margin %
    		1.51% -0.87% -5.85% 18.29% -2.92% -6.89% -20.83% 3.62% -25.91% -18.09% -23.14% -8.77% -17.99% -42.01% -32.66% -3.94% -21.18% -18.69% -7.42% -1.81% -0.19% -15.70% -29.61% -72.85% -10.56% 0% 0% -41.28% -34.76% 0% 
      interest income
    		5,292,000 6,623,000 8,553,000 4,925,000 6,456,000 6,430,000 7,531,000 6,114,000 7,419,000 4,357,000 1,995,000 2,523,000 1,109,000 196,000 59,000 40,000 72,000 76,000 74,000 70,000 254,000 332,000 819,000 862,000 1,214,000 1,700,000 1,885,000    
      interest expense4
    		-14,390,000 -14,440,000 -14,411,000 -15,951,000 -16,763,000                          
      equity in loss of unconsolidated affiliates5
    		-19,599,000                              
      other income
    		-1,362,000 2,373,000 2,048,000 12,237,000 5,821,000 -985,000 -1,170,000 867,000 -1,577,000 -740,000 -1,343,000 4,744,000 4,472,000 -1,191,000 -3,027,000 -10,087,000 2,011,000 22,000 -85,000 -4,176,000 -221,000 -3,913,000 -8,000 138,000 525,000 -222,000 265,000 -1,691,000 762,000 559,000 
      loss on extinguishment of debt
    		 -32,340,000    -27,182,000   -1,415,000 -2,873,000  -4,722,000  -4,233,000         -14,098,000        
      loss on revaluation of embedded derivatives
    		-411,000   -79,000 -386,000                          
      income before income taxes
    		-22,624,000 -41,175,000 -22,983,000 105,539,000 -14,523,000 -60,329,000 -57,044,000 4,928,000 -167,432,000 -68,881,000 -74,658,000 -50,573,000 -60,056,000 -121,177,000 -82,183,000 -48,054,000 -56,504,000 -58,108,000 -29,657,000 -31,607,000 -17,869,000 -47,837,000 -81,518,000        
      income tax provision
    		336,000 1,017,000  382,000 109,000 856,000  811,000 646,000  259,000 209,000 336,000  564,000 451,000 158,000 313,000 124,000 -16,000 7,000 141,000 124,000   258,000 208,000   128,000 
      net income
    		-22,960,000 -42,192,000 -23,414,000 105,157,000 -14,632,000 -61,185,000 -56,543,000 4,117,000 -168,078,000 -69,059,000 -74,917,000 -50,782,000 -60,392,000 -121,165,000 -82,747,000 -48,505,000 -56,662,000 -58,421,000 -29,781,000 -31,591,000 -17,876,000 -47,978,000 -81,642,000 -128,032,000 -39,930,000 -67,231,000 -88,273,000 -104,443,000 -82,510,000 -50,188,000 
      less: net income attributable to noncontrolling interest
    		133,000 427,000 400,000 362,000 79,000 602,000 981,000   -2,998,000 -3,350,000 -3,610,000 -3,315,000 -2,365,000                 
      net income attributable to class a and class b common stockholders
    		-23,093,000 -42,619,000 -23,814,000 104,795,000 -14,711,000 -61,787,000 -57,524,000 4,511,000 -168,999,000 -66,061,000 -71,567,000 -47,172,000 -57,077,000 -118,800,000 -78,359,000 -33,323,000 -52,370,000 -53,863,000 -24,889,000 -27,138,000 -11,954,000 -42,512,000 -75,949,000 -122,854,000 -34,903,000 -62,216,000 -84,441,000 -99,781,000 -78,579,000  
      yoy
    		56.98% -31.02% -58.60% 2223.10% -91.30% -6.47% -19.62% -109.56% 196.09% -44.39% -8.67% 41.56% 8.99% 120.56% 214.83% 22.79% 338.10% 26.70% -67.23% -77.91% -65.75% -31.67% -10.06% 23.12% -55.58%      
      qoq
    		-45.82% 78.97% -122.72% -812.36% -76.19% 7.41% -1375.19% -102.67% 155.82% -7.69% 51.72% -17.35% -51.96% 51.61% 135.15% -36.37% -2.77% 116.41% -8.29% 127.02% -71.88% -44.03% -38.18% 251.99% -43.90% -26.32% -15.37% 26.98%   
      net income margin %
    		-4.45% -10.62% -7.30% 18.31% -4.45% -18.40% -24.45% 1.26% -42.22% -21.94% -26.01% -10.20% -19.53% -48.84% -38.98% -9.73% -25.27% -23.58% -12.83% -10.88% -5.97% -22.63% -48.47% -104.81% -14.95% -26.61% -42.07% -46.71% -41.32% 0% 
      net income per share
    		-0.1 -0.18 -0.1 0.46 -0.06 -0.27 -0.25 0.05 -0.8 -0.32 -0.35 -0.21 -0.31 -0.67 -0.44 -0.19 -0.3 -0.31 -0.15 -0.13 -0.09 -0.34 -0.61 -1.08 -0.3 -0.55 -0.76 -0.41 -0.97 -4.34 
      weighted-average shares used for eps calculation
    		234,931 232,542 230,210 227,365 227,957 227,167 225,587 212,681 210,930 208,692 206,724 185,907 186,487 178,507 177,189 173,438 174,269 172,749 170,745 138,722 138,964 125,928 123,763 115,118 116,330 113,622 111,842 53,268 81,321 10,536 
      gain on revaluation of embedded derivatives
    		 112,000 -103,000   -88,000 158,000 -428,000 -114,000 -1,216,000 117,000 -57,000 54,000 38,000 531,000 725,000 -184,000 -942,000 -518,000 -1,737,000 1,505,000 412,000 284,000        
      income tax benefit
    		  431,000    -501,000   178,000    -12,000          150,500 136,000   114,500 -3,000  
      total cost of revenue
    		     267,245,000 197,222,000 217,787,750 405,482,000 244,745,000 220,924,000 391,199,000 241,330,000 245,206,000 173,102,000 273,768,000 170,345,000 191,126,000 139,356,000 185,761,000 144,318,000 161,607,000 136,768,000 130,523,000 180,006,000 192,109,000 184,952,000 196,358,000 166,805,000 136,110,000 
      general and administrative
    		     36,385,000 38,009,000 32,751,000 43,366,000 42,491,000 45,147,000 47,775,000 44,115,000 38,114,000 37,736,000 31,718,000 33,014,000 31,655,000 25,801,000 27,614,000 25,428,000 24,945,000 29,098,000 33,315,000 36,599,000 43,662,000 39,074,000 47,471,000 40,999,000 15,359,000 
      interest expense
    		     -15,376,000 -14,546,000 -23,434,000 -68,037,000 -13,953,000 -11,746,000 -12,493,000 -13,099,000 -13,814,000 -14,087,000 -25,227,000 -14,514,000 -14,553,000 -14,731,000 -21,246,000 -19,902,000 -14,374,000 -20,754,000 -39,513,000 -15,280,000 -16,725,000 -15,962,000 -14,290,000 -17,376,000 -26,167,000 
      less: net gain attributable to noncontrolling interest
    		       -1,356,750 921,000                      
      less: net income attributable to redeemable noncontrolling interest
    		                              
      net income before portion attributable to redeemable noncontrolling interest and noncontrolling interest
    		       4,511,000 -168,999,000 -66,061,000 -71,567,000 -47,172,000 -57,077,000 -118,800,000                 
      less: net income attributable to noncontrolling interest and redeemable noncontrolling interest
    		              -4,388,000 -15,182,000 -4,292,000 -4,558,000             
      interest expense - related parties
    		                              
      gain on extinguishment of debt
    		                   -3,219,500 1,220,000          
      less: net income attributable to noncontrolling interests and redeemable noncontrolling interests
    		                  -4,892,000 -4,453,000 -5,922,000 -5,466,000 -5,693,000        
      interest expense to related parties
    		                   -628,250 -353,000 -794,000 -1,366,000 -1,933,000 -1,605,000 -1,606,000 -1,612,000 -3,515,000 -1,443,000  
      gain on revaluation of warrant liabilities and embedded derivatives
    		                           -5,394,000 1,655,000  
      net income before income taxes
    		                       -48,708,000 -39,794,000 -66,973,000 -88,065,000 -103,364,000 -82,513,000 -50,060,000 
      net income attributable to noncontrolling interests and redeemable noncontrolling interests
    		                       -3,468,500 -5,027,000 -5,015,000 -3,832,000 -4,662,000 -3,931,000 -4,512,000 
      gain from operations
    		                         -50,120,000 -72,641,000    
      loss on revaluation of warrant liabilities and embedded derivatives
    		                             -19,197,000 
      revenue
    		                              
      cost of revenue
    		                              
      operating expenses
    		                              
      profit from operations
    		                             -5,255,000 
      net income attributable to common shareholders
    		                             -45,677,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.