v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
As of June 30, 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.
The following table presents the Company’s significant segment expenses for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
(Amounts in thousands)2026202520262025
Revenues$30,347 $33,256 $53,767 $57,091 
Expenses:
Cost of revenues - solar energy systems depreciation7,252 7,291 14,524 14,576 
Cost of revenues - operations and maintenance2,509 2,168 3,678 6,084 
Selling, general and administrative expenses - professional services1,766 5,144 3,880 9,313 
Selling, general and administrative expenses - compensation and benefits5,988 6,784 12,102 13,817 
Selling, general and administrative expenses - other3,525 3,306 6,877 6,770 
Interest expense, net12,867 12,820 25,154 25,487 
Other segment items, net (1)
(7,033)(1,390)(13,066)(775)
Total expenses26,874 36,123 53,149 75,272 
Net income (loss)$3,473 $(2,867)$618 $(18,181)

(1) Comprised of gain on asset disposal, net, interest income, change in fair value of interest rate swaps, and other income (expense), net for each of the three and six months ended June 30, 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 June 30, 2026 and December 31, 2025.