v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues $ 30,347 $ 33,256 $ 53,767 $ 57,091
Operating expenses:        
Selling, general and administrative expenses 11,279 15,234 22,859 29,901
Gain on asset disposal, net (468) (325) (917) (660)
Total operating expenses 20,572 24,368 40,144 49,901
Income from operations 9,775 8,888 13,623 7,190
Other (income)/expense:        
Interest income (4,818) (5,174) (9,602) (10,441)
Interest expense, net 12,867 12,820 25,154 25,487
Change in fair value of interest rate swaps (1,899) 4,128 (2,699) 10,365
Other expense/(income), net 152 (19) 152 (40)
Net income (loss) 3,473 (2,867) 618 (18,181)
Less: Net income attributable to noncontrolling interests 154 99 224 123
Net income (loss) attributable to stockholders $ 3,319 $ (2,966) $ 394 $ (18,304)
Net income (loss) per share, basic (in dollars per share) $ 0.19 $ (0.16) $ 0.03 $ (1.01)
Net income (loss) per share, diluted (in dollars per share) 0.16 (0.16) 0.03 (1.01)
Net income (loss) attributable to stockholders per share, basic (in dollars per share) 0.18 (0.17) 0.02 (1.01)
Net income (loss) attributable to stockholders per share, diluted (in dollars per share) $ 0.15 $ (0.17) $ 0.02 $ (1.01)
Weighted average shares outstanding, basic (in shares) 18,620,006 17,917,611 18,396,457 18,052,559
Weighted average shares outstanding, diluted (in shares) 21,948,624 17,917,611 21,955,338 18,052,559
Solar Energy Systems Depreciation        
Operating expenses:        
Cost of revenue $ 7,252   $ 14,524  
Operations and Maintenance        
Operating expenses:        
Cost of revenue $ 2,509 $ 2,168 $ 3,678 $ 6,084