Private company

Sunlight Financial Holdings Inc.

American finance services company based in Wilmington, incorporated in Delaware2

In its 2023 annual report the company says: “Sunlight Financial Holdings Inc. is a business-to-business-to-consumer, technology-enabled point-of-sale financing platform that provides residential solar and home improvement contractors the ability to offer seamless POS financing to their customers when purchasing residential solar systems or other home improvements.”56

Last updated Oct 20, 2026.

Overview

$98.5MRevenue, fiscal 20223
-$315.9MNet income, fiscal 20223
  • IndustryFinance Services2
  • HeadquartersWilmington, United States2
  • Incorporated inDE4
  • Business address101 N. Tryon Street, Suite 1000, Charlotte, Nc 282464
  • Filer category, Emerging growth company4
  • Legal formLimited Liability Company2
  • LEI2549004X9LFB5ESJNJ852
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o Corporation Service Company, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 54546442

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-567.6%Operating margin3
-320.6%Net margin3
-129.0%Return on equity3
-$28.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue28¢$27.1M
  • Selling, general and admin25¢$24.9M
  • Other costs8¢$8.2M
  • Interest1¢$1.4M
  • Income tax37¢$36.9M

Out of $98.5M in revenue.3 The company lost money this year.

Financial statements

Revenue53$98.5M in 2022+42% since 2020
0$25.0M$50.0M$75.0M$100.0M2020: $69.6M$69.6M20202022: $98.5M$98.5M2022+42%
Operating income53-$559.1M in 2022
-$600.0M-$400.0M-$200.0M0$200.0M2020: $16.6M$16.6M20202022: -$559.1M-$559.1M2022
Net income53-$315.9M in 2022
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2020: $10.6M$10.6M20202022: -$315.9M-$315.9M2022
Fiscal year2019202020212022
Revenue$69.6M5$98.5M3
Cost of revenue$13.7M5$27.1M3
Selling, general and admin$3.8M5$24.9M3
Operating expenses$657.6M3
Operating income$16.6M5-$559.1M3
Interest$829.0K5$1.4M3
Income before tax-$548.9M3
Income tax$05-$36.9M3
Net income$10.6M5-$315.9M3
Earnings per share-$3.763
Earnings per share (diluted)-$3.893
Shares (weighted, basic)83.8M shares3
Shares (weighted, diluted)130.6M shares3

Compare Sunlight Financial Holdings Inc. with another company

Corporate structure

Sunlight Financial Holdings Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sunlight Financial Holdings Inc.

  • ECP ControlCo, LLC Filed SC 13G on Sunlight Financial Holdings Inc., latest Feb 10, 2023
  • Invesco Filed SC 13G/A on Sunlight Financial Holdings Inc., latest Feb 8, 2023 (2 filings since Feb 14, 2022)
  • ARISTEIA CAPITAL, L.L.C. Filed SC 13G/A on Sunlight Financial Holdings Inc., latest Feb 14, 2022
  • CITADEL ADVISORS LLC Filed SC 13G/A on Sunlight Financial Holdings Inc., latest Feb 14, 2022
  • ADAGE CAPITAL PARTNERS GP, L.L.C. Filed SC 13G/A on Sunlight Financial Holdings Inc., latest Feb 10, 2022
  • Apollo Principal Holdings A GP, Ltd. Filed SC 13D on Sunlight Financial Holdings Inc., latest Feb 10, 2022
  • DAVIDSON KEMPNER PARTNERS Filed SC 13G/A on Sunlight Financial Holdings Inc., latest Feb 10, 2022
  • Sunlight Financial Holdings Inc. Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sunlight Financial Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$8.2M5 Dec 31, 2021$11.8M5 Dec 31, 2020−30.5%
Property and equipment, before depreciation$3.2M3 Dec 31, 2022$5.2M3 Dec 31, 2021−39.0%
Accumulated depreciation$1.7M3 Dec 31, 2022$1.1M3 Dec 31, 2021+48.4%
Property and equipment, net$1.5M3 Dec 31, 2022$4.1M3 Dec 31, 2021−63.4%
Operating-lease assets (leased space)$7.6M3 Jan 1, 2022

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$47.5M3 Dec 31, 2022$91.9M3 Dec 31, 2021−48.3%
Loans, net of allowance$48.9M3 Dec 31, 2022$71.2M3 Dec 31, 2021−31.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$03 Dec 31, 2022$445.8M3 Dec 31, 2021−100.0%
Intangible assets, net (excluding goodwill)$319.9M3 Dec 31, 2022$365.8M3 Dec 31, 2021−12.6%
Finite-lived intangibles, gross$369.1M3 Dec 31, 2022$409.1M3 Dec 31, 2021−9.8%
Accumulated amortization$49.1M3 Dec 31, 2022$43.3M3 Dec 31, 2021+13.6%
Finite-lived intangibles, net$319.9M3 Dec 31, 2022$365.8M3 Dec 31, 2021−12.6%

Leadership

Who has led Sunlight Financial Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Matthew Potere2021–2023

Chief financial officer

  1. James Crossen2020
  2. Barry Edinburg2021
  3. Rodney Yoder2022–2023

Chief operating officer

  1. Timothy Parsons2021–2023
2025
Board members and other officers (17)

Former names

  • Spartan Acquisition Corp. IIAug 21, 2020 to Jul 12, 20214

Timeline

  1. Dec 7, 20238-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation32
  2. Nov 13, 20238-K Bankruptcy or receivership33
  3. Oct 31, 20238-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation34
  4. Oct 13, 20238-K Executive or director change35
  5. Sep 28, 20238-K Listing notice or transfer36
  6. Sep 13, 20238-K Entered a material agreement37
  7. Aug 23, 20238-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events38
  8. Aug 17, 20238-K Shareholder vote39
  9. Jun 13, 20238-K Executive or director change; Director nominations; Other events40
  10. May 15, 20238-K Results of operations41
  11. May 4, 20238-K Results of operations42
  12. May 1, 20238-K Entered a material agreement; Ended a material agreement; New debt or obligation43
  13. Jul 12, 2021New chief executive Matthew Potere becomes CEO11
  14. Jan 23, 2014Founded Sunlight Financial Holdings Inc. is founded2

Calendar

When it reported results

  1. May 15, 2023Reported quarterly or annual results41
  2. May 4, 2023Reported quarterly or annual results42
  3. Nov 14, 2022Reported quarterly or annual results44
  4. Aug 15, 2022Reported quarterly or annual results45
  5. May 16, 2022Reported quarterly or annual results46
  6. Mar 30, 2022Reported quarterly or annual results47
  7. Nov 15, 2021Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

115 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 23 major events, 56 insider forms, 8 large holders, 19 other. The latest 20:

  1. Dec 7, 20238-K EDGAR
  2. Nov 13, 20238-K EDGAR
  3. Oct 31, 20238-K EDGAR
  4. Oct 13, 20238-K EDGAR
  5. Oct 3, 20234 EDGAR
  6. Sep 28, 20238-K EDGAR
  7. Sep 13, 20238-K EDGAR
  8. Sep 5, 20234 EDGAR
  9. Aug 23, 20238-K EDGAR
  10. Aug 17, 20238-K EDGAR
  11. Aug 9, 202310-Q EDGAR
  12. Aug 8, 20234 EDGAR
  13. Aug 7, 2023DEFA14A EDGAR
  14. Aug 2, 20234 EDGAR
  15. Jul 11, 20234 EDGAR
  16. Jul 7, 2023ARS EDGAR
  17. Jul 7, 2023DEF 14A EDGAR
  18. Jul 5, 20234 EDGAR
  19. Jun 27, 2023PRE 14A EDGAR
  20. Jun 23, 20234 EDGAR

The 115 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 3, 2022Potere MatthewChief Executive OfficerBuy3,760$2.66$10.0KForm 4
Dec 1, 2021Parsons TimothyExecutive VP & COOBuy10,000$4.18$41.8KForm 4
Nov 29, 2021Potere MatthewChief Executive OfficerBuy20,000$4.31$86.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Sunlight Financial Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSunlight Financial Holdings Inc.1
  • CIK0001821850
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • Business address101 N. Tryon Street, Suite 1000, Charlotte, NC 282461
  • Phone(212) 515-32001
  • Public float$122.3M as of Jun 30, 20223
  • On EDGAR sinceAug 21, 20201
  • Filings242 in all: 4 (73), 8-K (35), 3 (28), 425 (18), 424B3 (11), SC 13G (11), 10-Q (8), SC 13G/A (8)1
    All 37 form types

    CORRESP (5), EFFECT (4), 10-K (3), S-1/A (3), SC 13D (3), UPLOAD (3), 25-NSE (2), DEF 14A (2), DEFA14A (2), NT 10-Q (2), S-1 (2), S-4/A (2), 10-K/A (1), 10-Q/A (1), 3/A (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), ARS (1), CERT (1), DRS (1), NT 10-K (1), POS AM (1), PRE 14A (1), S-1MEF (1), S-4 (1), S-4MEF (1), S-8 (1)

  • Latest filingsAnnual report (10-K) May 4, 2023
    Quarterly report (10-Q) Aug 9, 2023
    Proxy statement (DEF 14A) Jul 7, 2023
    Latest 8-K (8-K) Dec 7, 2023

Sources

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