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Sunlight Financial Holdings Inc.

EDGAR

SUNL Quarterly report (10-Q) · filed 2023-08-09

16 filing records in this dataset, filed from 2020-10-09 to 2023-08-09. Reported financial figures are available; chart coverage varies by period.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

-29.6 million USD

2023 Q2 · USD

Exact inputs and evidence

Revenue: -29627000 USD Source

Operating margin

259.64%

2023 Q2 · %

Exact inputs and evidence

Operating Income: -76924000 USD Source
Revenue: -29627000 USD Source

Operating cash flow

12.2 million USD

2023 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 56151000 USD Source
Operating Cash Flow: 43961000 USD Source

Free cash flow

11.6 million USD

2023 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 56151000 USD Source
Operating Cash Flow: 43961000 USD Source
Capital Expenditure: 1584000 USD Source
Capital Expenditure: 1025000 USD Source

Cash and cash equivalents: 80.1 million USD 2023-06-30 Source
Exact value

80147000 USD
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

31.5 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence

Revenue: 33265000 USD · 2022-07-01 – 2022-09-30 Source
Revenue: 98506000 USD · 2022-01-01 – 2022-12-31 Source
Revenue: 91086000 USD · 2022-01-01 – 2022-09-30 Source
Revenue: 20465000 USD · 2023-01-01 – 2023-03-31 Source
Revenue: -29627000 USD · 2023-04-01 – 2023-06-30 Source

Net income

-384 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence

Net income: -264064000 USD · 2022-07-01 – 2022-09-30 Source
Net income: -315851000 USD · 2022-01-01 – 2022-12-31 Source
Net income: -273922000 USD · 2022-01-01 – 2022-09-30 Source
Net income: -22947000 USD · 2023-01-01 – 2023-03-31 Source
Net income: -54657000 USD · 2023-04-01 – 2023-06-30 Source

Operating cash flow

48.5 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence

Operating cash flow: -7137000 USD · 2022-01-01 – 2022-09-30 Source
Operating cash flow: -18000000 USD · 2022-01-01 – 2022-06-30 Source
Operating cash flow: -25639000 USD · 2022-01-01 – 2022-12-31 Source
Operating cash flow: -7137000 USD · 2022-01-01 – 2022-09-30 Source
Operating cash flow: 43961000 USD · 2023-01-01 – 2023-03-31 Source
Operating cash flow: 56151000 USD · 2023-01-01 – 2023-06-30 Source
Operating cash flow: 43961000 USD · 2023-01-01 – 2023-03-31 Source

Capital expenditure

2.64 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence

Capital expenditure: 1918000 USD · 2022-01-01 – 2022-09-30 Source
Capital expenditure: 1265000 USD · 2022-01-01 – 2022-06-30 Source
Capital expenditure: 2321000 USD · 2022-01-01 – 2022-12-31 Source
Capital expenditure: 1918000 USD · 2022-01-01 – 2022-09-30 Source
Capital expenditure: 1025000 USD · 2023-01-01 – 2023-03-31 Source
Capital expenditure: 1584000 USD · 2023-01-01 – 2023-06-30 Source
Capital expenditure: 1025000 USD · 2023-01-01 – 2023-03-31 Source

Free cash flow

45.9 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence

Operating cash flow: -7137000 USD · 2022-01-01 – 2022-09-30 Source
Operating cash flow: -18000000 USD · 2022-01-01 – 2022-06-30 Source
Operating cash flow: -25639000 USD · 2022-01-01 – 2022-12-31 Source
Operating cash flow: -7137000 USD · 2022-01-01 – 2022-09-30 Source
Operating cash flow: 43961000 USD · 2023-01-01 – 2023-03-31 Source
Operating cash flow: 56151000 USD · 2023-01-01 – 2023-06-30 Source
Operating cash flow: 43961000 USD · 2023-01-01 – 2023-03-31 Source
Capital expenditure: 1918000 USD · 2022-01-01 – 2022-09-30 Source
Capital expenditure: 1265000 USD · 2022-01-01 – 2022-06-30 Source
Capital expenditure: 2321000 USD · 2022-01-01 – 2022-12-31 Source
Capital expenditure: 1918000 USD · 2022-01-01 – 2022-09-30 Source
Capital expenditure: 1025000 USD · 2023-01-01 – 2023-03-31 Source
Capital expenditure: 1584000 USD · 2023-01-01 – 2023-06-30 Source
Capital expenditure: 1025000 USD · 2023-01-01 – 2023-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2023-08-09.

Financial data available through: 2022-12-31.

Coverage by financial measure

Revenue: 2 of 11 periods available· newest 2022-12-31
Operating income: 2 of 11 periods available· newest 2022-12-31
Net income: 2 of 11 periods available· newest 2022-12-31
Operating cash flow: 2 of 11 periods available· newest 2022-12-31
Capital expenditure: 2 of 11 periods available· newest 2022-12-31
Total assets: 2 of 11 periods available· newest 2022-12-31
Total liabilities: 2 of 11 periods available· newest 2022-12-31
Current assets: 1 of 11 periods available· newest 2020-12-31
Current liabilities: 1 of 11 periods available· newest 2020-12-31
Cash and cash equivalents: 2 of 11 periods available· newest 2022-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

No unambiguous prior-year comparison is available for the latest reporting period.

Comparable inputs unavailable for: Revenue, Net income, Operating cash flow, Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2022 2022-01-01 – 2022-12-31

Revenue USD 98.51 million 100% of revenue
Operating costs Derived USD 657.6 million 668% of revenue
Operating income −USD 559.1 million −568% of revenue
Tax, interest and other Derived −USD 243.25 million −247% of revenue
Net income −USD 315.85 million −321% of revenue

Cash

Operating cash flow −USD 25.64 million −26% of revenue
Capital expenditure USD 2.32 million 2.4% of revenue
Free cash flow Derived −USD 27.96 million −28% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2020 15%76%
2022 Operating loss: operating costs were 668% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2020 2020-01-01 – 2020-12-31	69564000	52976000 Derived	16588000	5964000 Derived	10624000	1745000 Derived	Source 2020-01-01 – 2020-12-31: 69564000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 16588000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 10624000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 5025000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 3280000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	98506000	657602000 Derived	-559096000	-243245000 Derived	-315851000	-27960000 Derived	Source 2022-01-01 – 2022-12-31: 98506000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -559096000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -315851000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: -25639000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 2321000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 98.5M 2022

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20202020-12-31	Revenue	69564000	Revenue: 69564000 Open source
20222022-12-31	Revenue	98506000	Revenue: 98506000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

Not enough comparable data to show this history.

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20202020-12-31	Year over year	No prior comparable period	Revenue: 69564000 Open source
20222022-12-31	Year over year	No prior comparable period	Revenue: 98506000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -567.6% 2022

Net margin -320.6% 2022

Free cash flow margin -28.4% 2022

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20202020-12-31	Operating margin	23.8%	Operating Income: 16588000 Open source Revenue: 69564000 Open source
20222022-12-31	Operating margin	-567.6%	Operating Income: -559096000 Open source Revenue: 98506000 Open source
20202020-12-31	Net margin	15.3%	Net Income: 10624000 Open source Revenue: 69564000 Open source
20222022-12-31	Net margin	-320.6%	Net Income: -315851000 Open source Revenue: 98506000 Open source
20202020-12-31	Free cash flow margin	2.5%	Revenue: 69564000 Open source Operating Cash Flow: 5025000 Open source Capital Expenditure: 3280000 Open source
20222022-12-31	Free cash flow margin	-28.4%	Revenue: 98506000 Open source Operating Cash Flow: -25639000 Open source Capital Expenditure: 2321000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -25.6M 2022

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20202020-12-31	Operating cash flow	5025000	Operating Cash Flow: 5025000 Open source
20222022-12-31	Operating cash flow	-25639000	Operating Cash Flow: -25639000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -28M 2022

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20202020-12-31	Free cash flow	1745000	Operating Cash Flow: 5025000 Open source Capital Expenditure: 3280000 Open source
20222022-12-31	Free cash flow	-27960000	Operating Cash Flow: -25639000 Open source Capital Expenditure: 2321000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

18.5% 2022

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20202020-12-31	Liabilities / assets	59.8%	Total Liabilities: 63460000 Open source Total Assets: 106073000 Open source
20222022-12-31	Liabilities / assets	18.5%	Total Liabilities: 83868000 Open source Total Assets: 452195000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

2.64× 2020

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20202020-12-31	Current assets / current liabilities	2.64×	Current Assets: 2600178 Open source Current Liabilities: 985396 Open source
2022-12-31	Current assets / current liabilities	Not reported	No source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2020 2020-01-01 – 2020-12-31	USD 10.62 million Exact value Exact value: 10624000 USD 2020-01-01 – 2020-12-31: 10624000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Sunlight Financial Holdings Inc. · 2020-12-31 Sunlight Financial Holdings Inc. (edgar:1821850) Net Income: 10624000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T03:06:45Z Snapshot: 41c2a39b0bb59a59885f3f4a0d8c0a3b7644f48baf0aa323a8bd2c9c35d8d216 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1821850/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 10624000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185022000004/sunl-20211231.htm#1576948 Filing: 000182185022000004 The citation records this snapshot. The page link may show a newer release later.	USD 5.03 million Exact value Exact value: 5025000 USD 2020-01-01 – 2020-12-31: 5025000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sunlight Financial Holdings Inc. · 2020-12-31 Sunlight Financial Holdings Inc. (edgar:1821850) Operating Cash Flow: 5025000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T03:06:45Z Snapshot: 41c2a39b0bb59a59885f3f4a0d8c0a3b7644f48baf0aa323a8bd2c9c35d8d216 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1821850/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 5025000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185022000004/sunl-20211231.htm#1655278 Filing: 000182185022000004 The citation records this snapshot. The page link may show a newer release later.	USD 3.28 million Exact value Exact value: 3280000 USD 2020-01-01 – 2020-12-31: 3280000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sunlight Financial Holdings Inc. · 2020-12-31 Sunlight Financial Holdings Inc. (edgar:1821850) Capital Expenditure: 3280000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T03:06:45Z Snapshot: 41c2a39b0bb59a59885f3f4a0d8c0a3b7644f48baf0aa323a8bd2c9c35d8d216 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1821850/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 3280000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185022000004/sunl-20211231.htm#1666950 Filing: 000182185022000004 The citation records this snapshot. The page link may show a newer release later.	USD 1.75 million Calculation and evidence 5025000 − 3280000 USD Exact free cash flow: 1745000 USD 2020-01-01 – 2020-12-31: 5025000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 3280000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sunlight Financial Holdings Inc. · 2020-12-31 Sunlight Financial Holdings Inc. (edgar:1821850) Free cash flow: 1745000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T03:06:45Z Snapshot: 41c2a39b0bb59a59885f3f4a0d8c0a3b7644f48baf0aa323a8bd2c9c35d8d216 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1821850?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5025000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185022000004/sunl-20211231.htm#1655278 Filing: 000182185022000004 Input fundies:CapitalExpenditure: 3280000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185022000004/sunl-20211231.htm#1666950 Filing: 000182185022000004 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 315.85 million Exact value Exact value: -315851000 USD 2022-01-01 – 2022-12-31: -315851000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Sunlight Financial Holdings Inc. · 2022-12-31 Sunlight Financial Holdings Inc. (edgar:1821850) Net Income: -315851000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T03:06:45Z Snapshot: 41c2a39b0bb59a59885f3f4a0d8c0a3b7644f48baf0aa323a8bd2c9c35d8d216 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1821850/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -315851000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185023000025/sunl-20221231.htm#3021638 Filing: 000182185023000025 The citation records this snapshot. The page link may show a newer release later.	−USD 25.64 million Exact value Exact value: -25639000 USD 2022-01-01 – 2022-12-31: -25639000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sunlight Financial Holdings Inc. · 2022-12-31 Sunlight Financial Holdings Inc. (edgar:1821850) Operating Cash Flow: -25639000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T03:06:45Z Snapshot: 41c2a39b0bb59a59885f3f4a0d8c0a3b7644f48baf0aa323a8bd2c9c35d8d216 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1821850/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -25639000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185023000025/sunl-20221231.htm#1854063 Filing: 000182185023000025 The citation records this snapshot. The page link may show a newer release later.	USD 2.32 million Exact value Exact value: 2321000 USD 2022-01-01 – 2022-12-31: 2321000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sunlight Financial Holdings Inc. · 2022-12-31 Sunlight Financial Holdings Inc. (edgar:1821850) Capital Expenditure: 2321000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T03:06:45Z Snapshot: 41c2a39b0bb59a59885f3f4a0d8c0a3b7644f48baf0aa323a8bd2c9c35d8d216 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1821850/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2321000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185023000025/sunl-20221231.htm#1866089 Filing: 000182185023000025 The citation records this snapshot. The page link may show a newer release later.	−USD 27.96 million Calculation and evidence -25639000 − 2321000 USD Exact free cash flow: -27960000 USD 2022-01-01 – 2022-12-31: -25639000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 2321000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sunlight Financial Holdings Inc. · 2022-12-31 Sunlight Financial Holdings Inc. (edgar:1821850) Free cash flow: -27960000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T03:06:45Z Snapshot: 41c2a39b0bb59a59885f3f4a0d8c0a3b7644f48baf0aa323a8bd2c9c35d8d216 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1821850?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -25639000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185023000025/sunl-20221231.htm#1854063 Filing: 000182185023000025 Input fundies:CapitalExpenditure: 2321000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1821850/000182185023000025/sunl-20221231.htm#1866089 Filing: 000182185023000025 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

16 filings · 820 latest values · 819 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001821850, 1821850, SUNL, edgar:1821850

Also known as Spartan Acquisition Corp. II, Sunlight Financial Holdings Inc.

Sunlight Financial Holdings Inc.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Where revenue goes

2022 2022-01-01 – 2022-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation