v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
As of March 31, 2026 and December 31, 2025, 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, which the CEO utilizes to assess the Company’s performance and for making decisions about resource allocation. For the three months ended March 31, 2026, the information provided to the CEO is at a lower level of aggregation as presented within the unaudited condensed consolidated statements of operations. Beginning in the period ended June 30, 2025, the financial information provided to and utilized by the CEO reflects a more detailed breakdown of relevant expenses then previously provided and utilized in the period ended March 31, 2025 and prior quarters.
The following table presents the Company’s significant segment expenses for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
(Amounts in thousands)20262025
Revenues$23,420 $23,834 
Expenses:
Cost of revenues - solar energy systems depreciation7,272 7,285 
Cost of revenues - operations and maintenance1,169 3,916 
Selling, general and administrative expenses - professional services2,114 4,870 
Selling, general and administrative expenses - compensation and benefits6,114 7,033 
Selling, general and administrative expenses - other3,352 2,763 
Interest expense, net12,287 12,667 
Other segment items, net (1)
(6,033)614 
Total expenses26,275 39,148 
Net loss$(2,855)$(15,314)

(1) Comprised of gain on asset disposal, net, interest income, change in fair value of interest rate swaps, other income, net, and net income (loss) from discontinued operations for each of the three months ended March 31, 2026 and 2025.
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, 2026 and December 31, 2025.