Sunrise New Energy Co. (EPOW) financial statements
Sunrise New Energy Co. reported revenue of $46M in fiscal 2025, up 19.2% a year over 7 years.
Net income was -$17M and the operating margin -34.5%, against 64.3% in 2018.
Free cash flow was -$32M.
The diluted share count rose 73% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Sunrise New Energy Co.'s 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14M | $18M | $23M | $7M | $38M | $45M | $65M | $46M |
| Cost of revenue | — | — | $3M | $4M | $39M | $57M | $71M | $52M |
| Gross profit | — | — | $20M | $4M | -$1M | -$12M | -$6M | -$6M |
| Research and development | $665,378 | $795,540 | $671,312 | $2M | $1M | $1M | $3M | $2M |
| Selling, general and admin | $2M | $3M | $4M | $8M | $13M | $14M | $8M | $8M |
| Operating income | $9M | $11M | $15M | -$7M | -$19M | -$31M | -$17M | -$16M |
| Interest expense | — | — | — | — | $27,128 | $575,075 | $166,999 | $1M |
| Pre-tax income | $9M | $11M | -$138,671 | -$9M | -$22M | -$33M | -$18M | -$27M |
| Income tax | $1M | $2M | $3M | -$236,581 | $808,970 | -$226 | $5,563 | -$387 |
| Net income | $7M | $10M | $12M | -$8M | -$23M | -$24M | -$12M | -$17M |
| EPS (diluted) | $0.45 | $0.58 | $0.72 | -$0.36 | -$0.98 | -$1.08 | -$0.48 | -$0.57 |
| Diluted shares | 17M | 17M | 17M | 24M | 25M | 26M | 26M | 29M |
| Gross margin | — | — | 87.1% | 47.5% | -3.5% | -27.5% | -8.9% | -12.6% |
| Operating margin | 64.3% | 60.1% | 63.5% | -100.0% | -49.3% | -67.8% | -25.5% | -34.5% |
| Net margin | 55.2% | 54.4% | 52.1% | -113.4% | -59.4% | -53.8% | -18.1% | -35.8% |
Balance sheet
Fiscal years, from Sunrise New Energy Co.'s 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $12M | $9M | $11M | $20M | $5M | $1M | $1M | $22M |
| Receivables | — | $5M | $12M | $7M | $5M | $9M | $29M | $10M |
| Inventory | — | $3M | $3M | $3M | $18M | $16M | $18M | $24M |
| Total current assets | — | $20M | $28M | $34M | $45M | $36M | $63M | $72M |
| Property, plant and equipment | — | $168,949 | $3M | $3M | $41M | $66M | $61M | $64M |
| Total assets | — | $27M | $40M | $59M | $107M | $121M | $143M | $156M |
| Total current liabilities | — | $7M | $6M | $2M | $26M | $63M | $87M | $101M |
| Long-term debt | — | — | — | — | — | $4M | $26M | $40M |
| Total liabilities | — | $7M | $6M | $2M | $34M | $75M | $116M | $141M |
| Shareholders' equity | $11M | $20M | $34M | $54M | $29M | $3M | -$10M | -$12M |
| Net debt | -$12M | -$9M | -$11M | -$14M | -$2M | $3M | $26M | $47M |
Cash flow
Fiscal years, from Sunrise New Energy Co.'s 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6M | $1M | $7M | -$5M | -$10M | -$7M | -$5M | -$25M |
| Capital spending | $49,962 | $156,718 | $2M | $1M | $44M | $5M | $2M | $6M |
| Free cash flow | $6M | $1M | $5M | -$7M | -$53M | -$13M | -$8M | -$32M |
| Stock-based compensation | — | — | — | — | $3M | $2M | $972,743 | $322,386 |
| Net borrowing | — | — | — | — | -$338,608 | $4M | -$601,369 | — |
| Free cash flow margin | 42.2% | 6.0% | 23.0% | -89.2% | -139.8% | -28.3% | -12.0% | -68.0% |
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Open EPOW in InvestinglyQuestions
What was Sunrise New Energy Co.'s revenue in 2025?
$46M in fiscal 2025, from its 10-K filing.
How much free cash flow does Sunrise New Energy Co. generate?
-$32M in fiscal 2025 (operating cash flow minus capital spending).
From Sunrise New Energy Co.'s annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.