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 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ($29.63M) | $20.46M | - | $33.27M | $26.20M | $24.79M | - | $17.25M | - | - |
| Cost of Revenue | - | $18.30M | - | $5.62M | $5.34M | $5.23M | - | $3.47M | - | - |
| Gross Profit | - | $2.16M | - | $27.65M | $20.87M | $19.56M | - | $13.78M | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $9.15M | $12.50M | - | $4.50M | $4.55M | $6.47M | - | $904.0K | $2.54M | $5.08M |
| Total Operating Expenses | $47.30M | $57.63M | - | $458.77M | $17.41M | $49.84M | - | $13.45M | - | - |
| D&A | $100.0K | $8.52M | - | $100.0K | $100.0K | $835.0K | - | $20.54M | - | - |
| Operating Income | ($76.92M) | ($37.16M) | - | ($425.50M) | ($10.59M) | ($21.61M) | - | $3.80M | ($2.62M) | ($5.13M) |
| Interest Expense | - | $379.0K | - | $375.0K | $317.0K | $260.0K | - | $264.0K | - | - |
| Income Tax | $0 | $17.0K | - | ($7.30M) | ($1.65M) | ($2.40M) | - | $0 | $5.3K | $1.7K |
| Net Income | ($54.66M) | ($22.95M) | - | ($264.06M) | $4.12M | ($13.97M) | - | $4.07M | ($1.60M) | ($15.23M) |
| EPS - Basic | ($0.57) | ($0.27) | - | ($3.16) | $0.05 | ($0.16) | - | ($0.13) | - | - |
| EPS - Diluted | ($0.59) | ($0.27) | - | ($3.16) | $0.05 | ($0.16) | - | ($0.15) | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $80.15M | $75.52M | $47.52M | $70.57M | $68.91M | $69.57M | $91.88M | $72.79M | $140.2K | $278.5K |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | $239.7K | $107.2K |
| Current Assets | - | - | - | - | - | - | - | - | $1.51M | $1.90M |
| Total Assets | $434.78M | $450.43M | $452.19M | $553.57M | $971.38M | $978.58M | $1.00B | $1.23B | $346.56M | $346.98M |
| Current Liabilities | - | - | - | - | - | - | - | - | $7.61M | $5.42M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $175.80M | $113.78M | $83.87M | $109.42M | $107.71M | $120.49M | $123.28M | $130.88M | $71.13M | $69.95M |
| Stockholders' Equity | $172.81M | $222.77M | $244.76M | $283.74M | $554.01M | $550.42M | $562.82M | $671.71M | $5.00M | $5.00M |
| Retained Earnings | ($578.94M) | ($524.28M) | ($501.63M) | ($459.71M) | ($195.64M) | ($199.76M) | ($186.02M) | ($37.79M) | ($34.67M) | ($33.06M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $43.96M | - | - | - | ($21.13M) | - | ($47.92M) | - | ($437.1K) |
| Investing Cash Flow | - | ($2.95M) | - | - | - | ($1.13M) | - | ($305.34M) | - | - |
| Financing Cash Flow | - | ($12.93M) | - | - | - | ($55.0K) | - | $211.79M | - | - |
| CapEx | - | $1.02M | - | - | - | $709.0K | - | $871.0K | - | - |
| Free Cash Flow | - | $42.94M | - | - | - | ($21.84M) | - | ($48.79M) | - | - |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 10.6% | - | 83.1% | 79.6% | 78.9% | - | 79.9% | - | - |
| Operating margin | 259.6% | -181.6% | - | -1279.1% | -40.4% | -87.2% | - | 22.0% | - | - |
| EBITDA margin | 259.3% | -140.0% | - | -1278.8% | -40.0% | -83.8% | - | 141.1% | - | - |
| Net margin | 184.5% | -112.1% | - | -793.8% | 15.7% | -56.4% | - | 23.6% | - | - |
| Free cash flow margin | - | 209.8% | - | - | - | -88.1% | - | -282.9% | - | - |
| FCF / Net income | - | -1.87 | - | - | - | 1.56 | - | -11.98 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | -30.9% | 61.1% | - | 13.5% | 17.3% | 26.1% | - | 5.2% | - | - |
| Effective tax rate | - | - | - | - | -66.9% | - | - | 0.0% | - | - |
| Return on assets | -12.6% | -5.1% | - | -47.7% | 0.4% | -1.4% | - | 0.3% | -0.5% | -4.4% |
| Return on equity | -31.6% | -10.3% | - | -93.1% | 0.7% | -2.5% | - | 0.6% | -32.1% | -304.6% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | 0.20 | 0.35 |
| Quick ratio | - | - | - | - | - | - | - | - | 0.20 | 0.35 |
| Cash ratio | - | - | - | - | - | - | - | - | 0.02 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -98.1x | - | -1134.7x | -33.4x | -83.1x | - | 14.4x | - | - |
| Equity multiplier | 2.52 | 2.02 | 1.85 | 1.95 | 1.75 | 1.78 | 1.78 | 1.83 | 69.31 | 69.40 |
| Liabilities / Assets | 0.40 | 0.25 | 0.19 | 0.20 | 0.11 | 0.12 | 0.12 | 0.11 | 0.21 | 0.20 |
| Efficiency | ||||||||||
| Asset turnover | -0.07 | 0.05 | - | 0.06 | 0.03 | 0.03 | - | 0.01 | - | - |
| 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) | -213.1% | -17.4% | - | 92.9% | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | -88.9% | - | 100.6% | - | - | - | - | - | - |
| Operating income growth (YoY) | -626.6% | -72.0% | - | - | -304.7% | -321.5% | - | - | - | - |
| Net income growth (YoY) | - | -64.2% | - | - | - | 8.3% | - | - | - | - |
| EPS growth (YoY) | - | -68.8% | - | -2006.7% | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -68.8% | -59.5% | -56.5% | -57.8% | 10980.3% | 10908.3% | 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%
Peer comparison
Same SIC group: Finance Services
Comparing Sunlight Financial Holdings Inc. against the 5 most active filers in the same SIC group.