nova: the income statement

MyFinsight

For the year ending 2024-12-31, NOVA made $1,809,954K in revenue. -$367,893K in net income. Net profit margin of -20.33%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2024-12-31
Revenue	839,922
Other operating (income) expense	-17,478
General and administrative	458,982
Cost of revenue related to service customers, loan agreements and underwriting costs for new customers and solar energy systems	462,962
Operations and maintenance	104,947
Provision for current expected credit losses and other bad debt expense	35,094
Total operating expense, net	1,079,463
Operating loss	-239,541
Other (income) expense	-6,940
Interest income	149,918
Interest expense, net	-491,172
Loss on extinguishment of long-term debt, net	-4,551
Loss before income tax	-592,286
Income tax (benefit) expense	-144,513
Net loss	-447,773
Net income (loss) attributable to redeemable noncontrolling interests and noncontrolling interests	-79,880
Net loss attributable to stockholders	-367,893

Basic eps	-2.96
Diluted eps	-2.96
Basic average shares	124,240,517
Diluted average shares	124,240,517