SUNL · Sunlight Financial Holdings Inc. - 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 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Revenue | $98.51M | $69.56M | - |
| Cost of Revenue | $27.09M | $13.71M | - |
| Gross Profit | $71.41M | $55.85M | - |
| R&D | - | - | - |
| SG&A | $24.87M | $3.81M | - |
| Total Operating Expenses | $657.60M | $52.98M | - |
| D&A | $49.39M | $3.34M | - |
| Operating Income | ($559.10M) | $16.59M | - |
| Interest Expense | $1.40M | $829.0K | - |
| Income Tax | ($36.92M) | $0 | - |
| Net Income | ($315.85M) | $10.62M | - |
| EPS - Basic | ($3.76) | - | - |
| EPS - Diluted | ($3.89) | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash & Equivalents | $47.52M | $91.88M | $715.6K |
| Accounts Receivable | - | - | - |
| Inventory | - | - | - |
| Accounts Payable | - | - | $375.3K |
| Current Assets | - | - | $2.60M |
| Total Assets | $452.19M | $1.00B | $347.61M |
| Current Liabilities | - | - | $985.4K |
| Long-term Debt | - | - | - |
| Total Liabilities | $83.87M | $123.28M | $13.06M |
| Stockholders' Equity | $244.76M | $562.82M | $5.00M |
| Retained Earnings | ($501.63M) | ($186.02M) | ($699.5K) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Operating Cash Flow | ($25.64M) | $5.03M | - |
| Investing Cash Flow | ($4.69M) | ($4.80M) | - |
| Financing Cash Flow | ($11.79M) | $827.0K | - |
| CapEx | $2.32M | $3.28M | - |
| Free Cash Flow | ($27.96M) | $1.75M | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Profitability | |||
| Gross margin | 72.5% | 80.3% | - |
| Operating margin | -567.6% | 23.8% | - |
| EBITDA margin | -517.4% | 28.6% | - |
| Net margin | -320.6% | 15.3% | - |
| Free cash flow margin | -28.4% | 2.5% | - |
| FCF / Net income | 0.09 | 0.16 | - |
| R&D / Revenue | - | - | - |
| SG&A / Revenue | 25.2% | 5.5% | - |
| Effective tax rate | - | 0.0% | - |
| Return on assets | -69.8% | 1.1% | - |
| Return on equity | -129.0% | 1.9% | - |
| Return on invested capital | - | - | - |
| Liquidity | |||
| Current ratio | - | - | 2.64 |
| Quick ratio | - | - | 2.64 |
| Cash ratio | - | - | 0.73 |
| Leverage | |||
| Debt / Equity | - | - | - |
| Debt / Assets | - | - | - |
| Debt / EBITDA | - | - | - |
| Interest coverage | -398.2x | 20.0x | - |
| Equity multiplier | 1.85 | 1.78 | 69.52 |
| Liabilities / Assets | 0.19 | 0.12 | 0.04 |
| Efficiency | |||
| Asset turnover | 0.22 | 0.07 | - |
| Inventory turnover | - | - | - |
| Days sales outstanding | - | - | - |
| Days inventory outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Cash conversion cycle | - | - | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | 41.6% | - | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | 27.9% | - | - |
| Operating income growth (YoY) | - | - | - |
| Net income growth (YoY) | - | - | - |
| EPS growth (YoY) | - | - | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | - | - | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | -56.5% | 11156.3% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Product / service
$98.51M totalPlatform Fees$90.16M · 91.5%
Service Other$8.35M · 8.5%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing Sunlight Financial Holdings Inc. against the 5 most active filers in the same SIC group.