Saturday 17 October 2026 Export SPIEQ’s income statement to Excel — free account

SPI Energy Co., Ltd.

SPIEQ Technology Solar

Revenue growth for five consecutive years.

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Market cap: $24.2M
P/E: 0.0×
Fwd P/E: −31.1×
Dividend yield: —
F-score: 5/9
Altman Z: −4.20
Beneish M: −2.87
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 25.08%

Capital & Financial Ratios $m

Market Cap 24.21

Revenue 210.30

Net Income (26.23)

Free Cash Flow (5.68)

Net Debt 43.49

Current Ratio 0.41

Debt/Equity 3.21

P/E ratio 0.00

Fwd P/E (31.10)

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 82.91%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

EV/Sales against its own 10 years 18.98%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	0.04	0.03 0.01
2018	0.04	0.03 0.01
2017	0.04	0.03 0.01
2016	0.04	0.02 0.01

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2020	2021	2022	Q'23
Cash	40	18	10	8
Receivables	17	23	23	25
Inventory	17	23	29	34
Other	3	11	12	6
	79	84	82	81

	2020	2021	2022	Q'23
Payables	15	26	30	44
ST’ Debt	64	49	43	45
Other	114	66	74	73
	152	174	190	196

Compound Annual Growth %

	10y	5y	3y
Sales	—	7.87%	21.95%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	48	59	56	—	—
’22	39	49	43	48	178
’21	34	79	39	44	162
’20	—	56	—	82	139
’19	—	50	—	48	98
’18	—	51	—	74	126
’17	—	—	—	—	122

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(5)	(1)	8	—	—
’22	(9)	(3)	(1)	(3)	(16)
’21	(4)	—	(22)	(5)	(27)
’20	—	—	—	(6)	(6)
’19	—	—	—	(3)	(3)
’18	—	—	—	8	8
’17	—	—	—	(4)	(12)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(5)	(2)	9	—	—
’22	(7)	(4)	(5)	(7)	(24)
’21	(12)	—	(24)	(5)	(37)
’20	—	—	—	(6)	(6)
’19	—	—	—	(7)	(7)
’18	—	—	—	8	8
’17	—	—	—	(4)	(12)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.31)	(0.08)	(0.06)	—	—
’22	(0.27)	(0.08)	(0.48)	(0.43)	(1.26)
’21	(0.35)	—	(0.68)	(0.55)	(1.90)
’20	—	0.18	—	—	(0.40)
’19	—	(0.73)	—	(0.51)	(1.20)
’18	—	(7.56)	—	(0.94)	(1.69)
’17	—	—	—	—	(13.34)

Fiscal quarters ending in the months shown.

Group	Line	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023e
Price, $
Price, $	Low	—	—	—	16.60	2.80	0.61	0.78	0.55	3.60	0.73	Analyst estimates 2023–2025 Powerpack
	High	—	—	—	174.80	26.10	15.90	7.32	46.67	12.69	4.35
People
People	Employees	—	—	—	327	63	49	57	78	419	316
	Revenue/emp, $m	—	—	—	0.43	1.93	2.56	1.72	1.78	0.39	0.56
Income, $m
Income, $m	Revenue	—	—	—	140	122	126	98	139	162	178
	Gross margin, %	—	—	—	13.47	8.30	8.80	7.35	12.16	6.56	8.16
	EBT	—	—	—	(221)	(26)	(6)	(15)	(6)	(43)	(32)
	EBT margin, %	—	—	—	(157.37)	(21.71)	(4.62)	(15.38)	(4.19)	(26.78)	(17.87)
	Net income	—	—	—	(221)	(27)	(6)	(15)	(6)	(45)	(34)
	Depreciation	—	—	—	5	4	3	3	4	10	8
Per share, $
Per share, $	Revenue	—	—	—	21.85	17.80	17.29	7.69	8.71	6.70	6.70
	Earnings	—	—	—	(34.43)	(13.34)	(1.69)	(1.20)	(0.40)	(1.90)	(1.26)
	Cash flow	—	—	—	(7.33)	(1.71)	1.10	(0.23)	(0.36)	(1.14)	(0.60)
	Capex	—	—	—	(5.39)	(0.04)	(0.01)	(0.36)	(0.01)	(0.39)	(0.31)
	Free cash flow	—	—	—	(12.72)	(1.75)	1.09	(0.59)	(0.37)	(1.52)	(0.91)
	Book value	—	—	—	(2.01)	(14.30)	0.01	(0.43)	3.04	1.07	0.67
	Shares, m	—	—	—	6	7	7	13	16	24	27
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	—	0.00	0.00	0.00	0.12	0.75	0.45	0.13
	P/B	—	—	—	0.00	0.00	133.88	0.00	3.64	3.37	1.34
	EV/Sales	—	—	—	0.00	0.00	0.00	0.39	0.82	0.67	0.35
	EV/FCF	—	—	—	0.00	(0.21)	(0.26)	(1.02)	(19.97)	(2.81)	(2.59)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	(47)	(12)	8	(3)	(6)	(27)	(16)
	Capex	—	—	—	(35)	0	0	(5)	0	(9)	(8)
	Free cash flow	—	—	—	(82)	(12)	8	(7)	(6)	(37)	(24)
Balance, $m
Balance, $m	Working capital	—	—	—	(176)	(255)	(93)	(115)	(72)	(90)	(108)
	Total debt	—	—	—	92	58	62	62	70	61	49
	Net debt	—	—	—	78	56	57	59	31	44	39
	Shareholders’ equity	—	—	—	(13)	(98)	0	(5)	48	26	18
Returns, %
Returns, %	ROA	—	—	—	(41.20)	(26.82)	(4.85)	(8.30)	(3.29)	(20.44)	(14.56)
	ROIC	—	—	—	(190.78)	0.00	(3.23)	(22.41)	0.07	(37.29)	(31.47)
	ROE	—	—	—	(216.76)	164.74	25.17	564.59	(30.37)	(122.39)	(152.53)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2022 · latest quarter Sep 2023

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PN PN Smart Energy Limited	$32.9M	—	—	—	—	—	—	—	Compare
FTCI FTC Solar, Inc.	$30.3M	— (loss-making)	5.1×	+30.83% (above 0%: growing)	n/m	+428.99% (above 0%: growing)	(8.54%)	(52.48%)	Compare
SPRU Spruce Power Holding Corporation	$28.1M	— (loss-making)	— (loss-making)	−8.75% (below 0%: shrinking)	n/m	−43.41% (below 0%: shrinking)	67.84%	32.21%	Compare
SMXT Solarmax Technology, Inc.	$24.5M	— (loss-making)	—	+48.82% (above 0%: growing)	n/m	−539.19% (below 0%: shrinking)	23.56%	(43.53%)	Compare
SPIEQ SPI Energy Co., Ltd.	$24.2M	— (loss-making)	— (loss-making)	+30.66% (above 0%: growing)	n/m	+270.79% (above 0%: growing)	13.35%	1.72%
BEEM Beam Global	$21.7M	— (loss-making)	— (loss-making)	+21.02% (above 0%: growing)	n/m	−141.34% (below 0%: shrinking)	17.83%	(34.99%)	Compare
ASTI Ascent Solar Technologies Inc.	$18.6M	— (loss-making)	— (loss-making)	+460.00% (above 0%: growing)	n/m	+1.36% (above 0%: growing)	(68.91%)	(2,043.59%)	Compare
ZEO Zeo Energy Corp.	$18.2M	— (loss-making)	—	−10.68% (below 0%: shrinking)	n/m	+75.65% (above 0%: growing)	47.15%	(18.49%)	Compare
SUNE SUNation Energy Inc.	$14.1M	— (loss-making)	— (loss-making)	−37.52% (below 0%: shrinking)	n/m	−692.81% (below 0%: shrinking)	26.09%	(39.00%)	Compare
Median of peers	$23.1M	—	—	+21.02%	—	−43.41%	23.56%	(39.00%)

All 26 Solar stocks →

SPI Energy Co., Ltd. (SPIEQ) key facts

SPI Energy Co., Ltd. (SPIEQ) is a Solar company in the Technology sector.
Return on equity was −152.5% and debt-to-equity 3.21.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −4.20 (distress zone) for fiscal 2022.

Source: company filings (standardised) and stockrow calculations.