SUUN

MKT CAP:$23M

PowerBank Corporation

Market Cap

$23M

Utilities·Renewable Utilities·🇨🇦 Canada·NASDAQ

Utilities·Renewable·🇨🇦·NASDAQ

Stock Price

$0.63-$1.31 (-67.47%)

Apr 22, 2026

Company Details

PowerBank Corp. engages in the development and operation of solar photovoltaic power generation projects in the province of Ontario and New York state. It is involved in permitting, designing, and building behind-the-meter (BTM) solar power...

CEO

Richard Lu

IPO Date

Apr 8, 2024

Website

www.powerbankcorp.com

Key Metrics TTM

Revenue

$17M

+19.5% YoY

Net Income

-$11M

EPS (Diluted)

-$0.38

Free Cash Flow

-$11M

Revenue / Share

$0.45

Gross Margin

17.5%

Operating Margin

-54.7%

Net Margin

-68.4%

FCF Margin

-66.9%

P/S

1.4x

P/E

—

Earnings Reports

Q2 2026

Feb 12, 2026

$2M-24.3%EPS -$0.15

FY 2025

Oct 2, 2025

$30MEPS -$0.71

Q2 2025

Feb 14, 2025

$3MEPS -$0.02

Q4 2024

Sep 30, 2024

$6M-13.7%EPS -$0.24

Q1 2024

Sep 29, 2023

$6MEPS $0.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$2M	$387.5K	-$104.7K
Q2 22	$5M	$528.6K	$164.5K
Q2 23	$2M	$758.9K	$108.5K
Q3 23	$516.6K	$478.8K	-$2M
Q4 23	$7M	$2M	$279.7K
Q1 24	$6M	$2M	$416.8K
Q4 24	$6M	$1M	-$2M
Q2 25	$3M	$956.2K	-$1M
Q2 26	$2M	-$782.8K	-$7M

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q2 23	—	—
Q3 23	17.3x	62.3x
Q4 23	11.3x	91.2x
Q1 24	10.5x	53.3x
Q4 24	8.6x	—
Q2 25	2.5x	—
Q2 26	3.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$2M	$2M
Q2 22	-$593.1K	-$593.1K
Q2 23	-$1M	-$1M
Q3 23	$3M	$3M
Q4 23	-$2M	-$2M
Q1 24	$494.6K	-$2M
Q4 24	-$2M	-$3M
Q2 25	-$5M	-$8M
Q2 26	$2M	$2M

Capital Expenditures

Quarter	CapEx
Q1 22	$2.8K
Q2 22	$0
Q2 23	$0
Q3 23	$0
Q4 23	$820.3K
Q1 24	$3M
Q4 24	$1M
Q2 25	$3M
Q2 26	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	+255.3%	+222.8%
Q1 24	+23.7%	+18.8%
Q4 24	+169.0%	+270.6%
Q2 25	+479.5%	+40.6%
Q2 26	-66.5%	+36.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$2M	370.9%
Q4 23	$237.8K	3.5%
Q1 24	$313.9K	5.6%
Q4 24	$74.4K	1.3%
Q2 25	$31.2K	1.0%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	$44.7K	$447.6K	—
Q2 22	$343.5K	$493	—
Q2 23	$545.0K	$28.2K	—
Q3 23	$3M	$34.9K	—
Q4 23	$574.0K	$143.7K	—
Q1 24	$877.9K	$368.2K	—
Q4 24	$2M	$533.6K	—
Q2 25	$2M	$101.3K	—
Q2 26	—	—	$6M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$681.1K	$0	$681.1K
Q1 23	$334.1K	$602.5K	$936.6K
Q2 23	$1M	$0	$1M
Q3 23	$4M	$3M	$8M
Q4 23	$547.7K	$5M	$5M
Q1 24	$334.1K	$602.5K	$936.6K
Q2 24	$18M	$160.8K	$18M
Q3 24	$4M	$2M	$6M
Q4 24	$4M	$672.3K	$5M
Q1 25	$10M	$1M	$12M
Q2 25	$10M	$742.5K	$11M
Q3 25	$17M	$559.8K	$18M
Q4 25	$6M	$808.2K	$6M
Q1 26	$3M	$523.2K	$3M
Q2 26	$11M	$522.8K	$12M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	16M	—	—
Q2 22	26M	+59.4%	—
Q2 23	26M	0.0%	—
Q3 23	27M	+5.1%	—
Q4 23	27M	0.0%	+67.5%
Q1 24	27M	+0.4%	+5.6%
Q4 24	27M	+1.0%	+6.6%
Q2 25	31M	+14.0%	+15.6%
Q2 26	37M	+20.9%	+39.8%

Shares Outstanding