v3.25.1
Segment Information
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
As of March 31, 2025 and December 31, 2024, the Company had one reportable segment, which sells electricity to homeowners and provides related services to the homeowners, as well as to third party owners.

The Company’s CODM is its chief executive officer (“CEO”) who is focused on strategic planning aimed at generating revenue and monetizing the Company’s home solar energy systems and its ability to provide top-tier related servicing solutions to its customers and third parties. The CEO is provided on a quarterly basis with the Company’s consolidated segment expenses as presented within the unaudited condensed consolidated statements of operations for the three months ended March 31, 2025 and 2024, which the CEO utilizes to assess the Company’s performance and for making decisions about resource allocation.

The following table presents the Company’s significant segment expenses for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
(Amounts in thousands)20252024
Revenues$23,818 $18,287 
Cost of revenues - solar energy systems depreciation7,285 5,735 
Cost of revenues - operations and maintenance3,896 3,133 
Selling, general and administrative expenses14,100 13,469 
Interest expense, net12,667 10,942 
Litigation settlements566 — 
Other segment items (1)
618 (12,542)
Net loss$(15,314)$(2,450)

(1) Comprises of gain on asset disposal, net, interest income, and change in fair value of warrant liabilities and interest rate swaps, other income, net, and net loss from discontinued operations for each of the three months ended March 31, 2025 and 2024.
No segment asset information is presented in these unaudited condensed consolidated financial statements since the Company’s CEO does not review segment information at a different level or category other than that presented on the Company’s unaudited condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024.