Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.2M | $106M | $139M | $142M | $187M | $213M | $240M | $320M | $384M | $401M |
| Revenue growth | — | 30.5% | 31.5% | 1.6% | 32.0% | 14.0% | 12.5% | 33.4% | 19.9% | 4.4% |
| Net income | $14.7M | $30.9M | $41.6M | $81.6M | $82.4M | $127M | $41.5M | $149M | $200M | $185M |
| Net margin | 18.0% | 29.1% | 29.8% | 57.6% | 44.1% | 59.4% | 17.3% | 46.5% | 52.1% | 46.1% |
| EPS (diluted) | $0.32 | $0.57 | $0.75 | $1.24 | $1.10 | $1.51 | $0.47 | $1.42 | $1.62 | $1.41 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $56.9M | $11.7M | $58.8M | $29.5M | $73.3M | $13.3M | $230K | $99.7M | $5.85M | $167M |
| Dividends paid | $49.5M | $68.2M | $71.0M | $86.4M | $99.9M | $114M | $132M | $160M | $192M | $210M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $29.4M | $57.3M | $21.4M | $6.21M | $286M | $226M | $156M | $62.6M | $130M | $110M |
| Total assets | $1.75B | $2.25B | $2.15B | $2.39B | $3.46B | $4.15B | $4.76B | $6.55B | $7.08B | $8.19B |
| Total liabilities | $1.17B | $1.61B | $1.35B | $1.45B | $2.25B | $2.58B | $3.10B | $4.41B | $4.68B | $5.53B |
| Long-term debt | $692M | $1.21B | $835M | $700M | $593M | $430M | $433M | — | — | — |
| Shareholders' equity | $574M | $643M | $805M | $940M | $1.21B | $1.57B | $1.66B | $2.14B | $2.41B | $2.66B |
| Retained earnings | -$92.2M | -$131M | -$163M | -$170M | -$204M | -$194M | -$285M | -$304M | -$297M | -$323M |
| Shares (wtd avg diluted) | 40.3M | 50.4M | 52.8M | 64.8M | 74.4M | 87.7M | 90.6M | 109M | 131M | 138M |
Every figure is extracted from HA Sustainable Infrastructure Capital, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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