Short answer
HA Sustainable Infrastructure Capital, Inc. (HASI) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $103M (up 25.7% year over year) with net income of $83M.
Q3 2025 key financials · XBRL
- Revenue
- $103M
- +25.7% YoY · +20.3% QoQ
- Net income
- $83M
- +524.4% YoY · −15.4% QoQ
- EPS (diluted)
- $0.61
- +569.2% YoY · −17.6% QoQ
Source: XBRL data from the HA Sustainable Infrastructure Capital, Inc. (HASI) Q3 2025 10-Q on SEC EDGAR. USD.
HA Sustainable Infrastructure Capital, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $103.1M Q3 2025, up 26% YoY from $82.0M; gain on sale income +$17.2M, interest & rental income +$4.8M
- Operating loss before equity method investments $(5.2)M Q3 2025 vs. $(2.9)M Q3 2024; total expenses $108.2M, +28% YoY
- Equity method investments income $124.6M Q3 2025 vs. loss $(23.4)M Q3 2024; primary driver of net income $84.9M vs. $(19.2)M
- Interest expense $71.5M Q3 2025, +20% YoY due to higher debt balance and rates; provision for losses $3.0M, +145% YoY
- Adjusted Earnings $102.5M Q3 2025 vs. $62.6M Q3 2024; Adjusted Recurring Net Investment Income $105.1M vs. $74.1M YoY
- Managed Assets increased to $15.0B vs. $13.7B Dec 2024; equity method investments $4.1B vs. $3.6B Dec 2024
- Net cash from operations $(79.4)M Q3 2025 vs. $18.1M Q3 2024; driven by changes in receivables and equity investment activity
- Management expects continued contribution from equity investments and stable portfolio yields; notes higher interest expenses and credit loss provisions as key challenges
Risk Factors
- No new or updated risk factors disclosed this quarter from the most recent 10-K filing
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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