Emeren Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	68.45	92.07	105.64	61.29	79.66	73.5
Revenue Growth (YoY)	-33.29%	-12.85%	72.36%	-23.06%	8.38%	-38.29%
Fuel and Purchased Power Expense	48.15	67.95	80.63	45.96	48.24	56.82
Gross Profit	20.29	24.12	25.01	15.34	31.42	16.69
Other Operating Expenses	33.13	24.63	33.67	17.97	16.56	22.85
Operating Income	-40.17	-0.5	-8.66	-2.63	12.65	6.78
Interest Income	-	1.43	2.07	1.56	1.65	0.98
Interest Expense	-	-1.99	-2.21	-3.17	-5.15	-6.21
Other Non-Operating Income (Expense)	10.16	-8.52	5.89	1.61	-1.76	0.77
Total Non-Operating Income (Expense)	10.16	-9.09	5.76	0	-5.26	-4.46
Pretax Income	-30.93	-9.59	-2.9	-2.63	7.39	2.32
Provision for Income Taxes	1.32	2.02	2.53	1.92	0.77	0.16
Net Income	-3.95	-12.48	-3.19	-4.67	6.86	2.78
Minority Interest in Earnings	-28.3	0.87	-2.25	0.12	-0.25	-0.62
Net Income to Common	-3.95	-12.48	-3.19	-4.67	6.86	2.78
Net Income Growth	-	-	-	-	146.95%	-
Shares Outstanding (Basic)	51	52	57	65	69	49
Shares Outstanding (Diluted)	51	52	57	65	70	50
Shares Change (YoY)	-5.09%	-8.28%	-12.93%	-7.04%	40.27%	22.64%
EPS (Basic)	-0.08	-0.24	-0.06	-0.07	0.10	0.06
EPS (Diluted)	-0.08	-0.24	-0.06	-0.07	0.10	0.06
EPS Growth	-	-	-	-	66.67%	-
Free Cash Flow	-16.71	-20.04	-34.24	-75.63	-17.72	-18.28
Free Cash Flow Per Share	-0.33	-0.39	-0.61	-1.16	-0.25	-0.37
Gross Margin	29.65%	26.20%	23.68%	25.02%	39.45%	22.70%
Operating Margin	-58.68%	-0.55%	-8.20%	-4.30%	15.88%	9.22%
Profit Margin	-47.12%	-12.61%	-5.14%	-7.42%	8.30%	2.93%
FCF Margin	-24.42%	-21.77%	-32.41%	-123.40%	-22.24%	-24.87%
EBITDA	-28.75	6.41	-0.83	4.18	19.45	14.12
EBITDA Margin	-42.01%	6.96%	-0.79%	6.83%	24.41%	19.21%
EBIT	-40.17	-0.5	-8.66	-2.63	12.65	6.78
EBIT Margin	-58.68%	-0.55%	-8.20%	-4.30%	15.88%	9.22%
Effective Tax Rate	-4.27%	-21.08%	-87.15%	-72.86%	10.48%	7.03%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q