N/A · Greenbacker Renewable Energy Co LLC - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.22M | - | $52.50M | $50.61M | $50.46M | - | $52.00M | $54.45M | $46.55M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $12.06M | - | $15.56M | $10.34M | $17.05M | - | $13.35M | $22.86M | $19.35M | - |
| Total Operating Expenses | $48.68M | - | $75.13M | $72.46M | $76.25M | - | $101.55M | $61.66M | $73.15M | - |
| D&A | $16.83M | - | $20.94M | $18.88M | $21.63M | - | $20.75M | $20.45M | $20.48M | - |
| Operating Income | ($13.87M) | - | ($24.88M) | ($21.85M) | ($25.79M) | - | ($49.55M) | ($7.21M) | ($26.60M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | $16.45M | - |
| Income Tax | $6.17M | - | ($13.33M) | $3.32M | ($10.37M) | - | ($8.83M) | $3.19M | $3.06M | - |
| Net Income | ($27.33M) | - | ($41.61M) | ($33.67M) | ($15.59M) | - | ($46.37M) | ($10.83M) | ($8.48M) | - |
| EPS - Basic | ($0.14) | - | ($0.21) | ($0.17) | ($0.08) | - | ($0.23) | ($0.05) | ($0.04) | - |
| EPS - Diluted | ($0.14) | - | ($0.21) | ($0.17) | ($0.08) | - | ($0.23) | ($0.05) | ($0.04) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $50.68M | $66.64M | $78.66M | $90.36M | $103.24M | $120.06M | $108.43M | $103.96M | $91.09M | $96.87M |
| Accounts Receivable | $19.67M | $32.74M | $35.83M | $33.28M | $28.03M | $27.10M | $33.41M | $33.27M | $24.10M | $23.31M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $126.21M | $165.38M | $180.45M | $177.45M | $205.70M | $231.78M | $286.78M | $286.17M | $303.96M | $291.91M |
| Total Assets | $3.06B | $3.08B | $3.41B | $3.30B | $3.24B | $3.25B | $3.64B | $3.46B | $3.46B | $3.46B |
| Current Liabilities | $128.16M | $131.26M | $195.47M | $239.37M | $261.94M | $228.29M | $269.38M | $240.04M | $315.22M | $263.73M |
| Long-term Debt | $1.27B | $1.25B | $1.33B | $1.16B | $1.03B | $1.00B | $974.86M | $905.01M | $878.10M | $935.40M |
| Total Liabilities | $1.96B | $1.94B | $2.16B | $2.05B | $1.94B | $1.90B | $2.00B | $1.82B | $1.87B | $1.83B |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | ($804.28M) | ($777.26M) | ($675.60M) | ($633.99M) | ($600.32M) | ($584.73M) | ($409.13M) | ($362.76M) | ($342.91M) | ($306.52M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.29M | - | - | - | ($9.63M) | - | - | - | $43.81M | - |
| Investing Cash Flow | ($48.73M) | - | - | - | ($29.02M) | - | - | - | ($54.02M) | - |
| Financing Cash Flow | $16.88M | - | - | - | $14.38M | - | - | - | $25.87M | - |
| CapEx | $50.74M | - | - | - | $28.56M | - | - | - | $55.29M | - |
| Free Cash Flow | ($45.44M) | - | - | - | ($38.20M) | - | - | - | ($11.48M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -39.4% | - | -47.4% | -43.2% | -51.1% | - | -95.3% | -13.2% | -57.1% | - |
| EBITDA margin | 8.4% | - | -7.5% | -5.9% | -8.2% | - | -55.4% | 24.3% | -13.1% | - |
| Net margin | -77.6% | - | -79.3% | -66.5% | -30.9% | - | -89.2% | -19.9% | -18.2% | - |
| Free cash flow margin | -129.0% | - | - | - | -75.7% | - | - | - | -24.7% | - |
| FCF / Net income | 1.66 | - | - | - | 2.45 | - | - | - | 1.35 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 34.3% | - | 29.6% | 20.4% | 33.8% | - | 25.7% | 42.0% | 41.6% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.9% | - | -1.2% | -1.0% | -0.5% | - | -1.3% | -0.3% | -0.2% | - |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.98 | 1.26 | 0.92 | 0.74 | 0.79 | 1.02 | 1.06 | 1.19 | 0.96 | 1.11 |
| Quick ratio | 0.98 | 1.26 | 0.92 | 0.74 | 0.79 | 1.02 | 1.06 | 1.19 | 0.96 | 1.11 |
| Cash ratio | 0.40 | 0.51 | 0.40 | 0.38 | 0.39 | 0.53 | 0.40 | 0.43 | 0.29 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.41 | 0.41 | 0.39 | 0.35 | 0.32 | 0.31 | 0.27 | 0.26 | 0.25 | 0.27 |
| Debt / EBITDA | 428.05 | - | - | - | - | - | - | 68.33 | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | -1.6x | - |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 0.64 | 0.63 | 0.63 | 0.62 | 0.60 | 0.59 | 0.55 | 0.53 | 0.54 | 0.53 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.02 | 0.02 | 0.02 | - | 0.01 | 0.02 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 204d | - | 249d | 240d | 203d | - | 234d | 223d | 189d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -30.2% | - | 1.0% | -7.1% | 8.4% | - | 15.3% | 17.6% | 25.1% | - |
| Revenue CAGR (3y) | -1.8% | - | 8.4% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 46.2% | - | 49.8% | -203.1% | 3.0% | - | 50.7% | 73.3% | -15.4% | - |
| Net income growth (YoY) | -75.3% | - | 10.3% | -211.0% | -83.8% | - | 23.3% | - | 50.1% | - |
| EPS growth (YoY) | -75.0% | - | 8.7% | -240.0% | -100.0% | - | 25.8% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -19.0% | - | - | - | -232.6% | - | - | - | 87.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$191.22M totalIndependent Power Producer IPPSegment$179.74M · 94.0%
Investment Management IMSegment$11.48M · 6.0%
Product / service
$376.44M totalEnergy Commodities And Service$182.53M · 48.5%
Energy Sales$159.64M · 42.4%
Renewable Energy Credit And Other Incentives$22.90M · 6.1%
Investment Advisory Management And Administrative Service$11.48M · 3.1%
Product And Service Other$4.62M · 1.2%
Administrative Fee$2.39M · 0.6%
Management Service Base$290.0K · 0.1%
Contract Amortization($7.42M) · -2.0%
Peer comparison
Same SIC group: Electric Services
Comparing Greenbacker Renewable Energy Co LLC against the 5 most active filers in the same SIC group.