Vivint Solar

Vivint Solar is a leading provider of simple, affordable solar solutions and one of the fastest growing residential solar power providers in North America. As an early adopter of the power purchase agreement (PPA) model, Vivint Solar designs, installs, and maintains cost-effective solar energy systems, allowing consumers to enjoy the benefits of solar with little to no up-front costs. The company is dedicated to providing superior service and support while helping consumers save money, gain energy independence, and go green.
Company Growth (employees)
Type
Public
HQ
Lehi, US
Founded
2011
Size (employees)
3,001 (est)-18%
Vivint Solar was founded in 2011 and is headquartered in Lehi, US

Key People at Vivint Solar

Chance Allred

Chance Allred

Vice President of Sales

Vivint Solar Office Locations

Vivint Solar has offices in Lehi, Mesa, Bakersfield, North Haven and in 8 other locations
Lehi, US (HQ)
1800 Ashton Blvd
American Fork, US
1 584 E 1100 S St
Charleston, US
2430 Air Park Rd
Bristol, US
219 Rittenhouse Cir
Albany, US
22 Kairnes St
Albuquerque, US
5600 Venice Ave NE

Vivint Solar Data and Metrics

Vivint Solar Financial Metrics

Vivint Solar's revenue was reported to be $53.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

53.1 m

Net income (Q1, 2017)

(55.5 m)

EBIT (Q1, 2017)

(31.1 m)

Market capitalization (17-Aug-2017)

552.6 m

Cash (31-Mar-2017)

150.5 m
Vivint Solar's current market capitalization is $552.6 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

109 k64.2 m135.2 m

Revenue growth, %

58783%111%

Sales and marketing expense

533 k48.1 m41.4 m

R&D expense

1.9 m3.9 m3 m

General and administrative expense

971 k92.7 m81.8 m

Operating expense total

4.3 m295.3 m337.7 m

EBIT

(4.2 m)(231.1 m)(202.5 m)

EBIT margin, %

(3887%)(360%)(150%)

Interest expense

96 k12.6 m34 m

Pre tax profit

(4.4 m)(243.5 m)(235.1 m)

Income tax expense

(1.1 m)9.7 m7.4 m

Net Income

(3.3 m)(253.3 m)(242.5 m)
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

9.5 m16.1 m22.5 m17.2 m34.9 m41.3 m53.1 m

Sales and marketing expense

6.4 m18.7 m12.1 m12.6 m10.8 m8.6 m8.8 m

R&D expense

582 k920 k1 m1.2 m144 k842 k896 k

General and administrative expense

18.6 m31.4 m22 m22.9 m18.1 m19 m20.6 m

Operating expense total

25.6 m51 m35.1 m36.8 m29 m28.5 m30.3 m

EBIT

(48.7 m)(72.3 m)(54.4 m)(94.6 m)(36.5 m)(33.3 m)(31.1 m)

EBIT margin, %

(510%)(448%)(242%)(549%)(105%)(81%)(58%)

Interest expense

2.1 m2.7 m3.4 m5.8 m7.4 m9.4 m14.7 m

Pre tax profit

(51.1 m)(75.1 m)(57.8 m)(100.4 m)(44.2 m)(42.2 m)(46.1 m)

Income tax expense

8.8 m14.6 m(7.4 m)5.1 m8.1 m(3 m)9.4 m

Net Income

(60 m)(89.7 m)(50.3 m)(105.6 m)(52.3 m)(39.3 m)(55.5 m)
USDFY, 2014FY, 2015FY, 2016

Cash

261.6 m92.2 m96.6 m

Accounts Receivable

1.8 m3.6 m12.7 m

Inventories

774 k631 k11.3 m

Current Assets

281.1 m113.6 m167.2 m

PP&E

13 m48.2 m23.2 m

Goodwill

36.6 m36.6 m36.6 m

Total Assets

1.1 b1.6 b2.1 b

Accounts Payable

51.4 m50 m46.6 m

Total Debt

757 m

Current Liabilities

94.9 m116.5 m133.7 m

Total Liabilities

1.3 b

Additional Paid-in Capital

502.8 m530.6 m542.3 m

Retained Earnings

(25.8 m)(12.8 m)5.2 m

Total Equity

613.1 m609.3 m666.8 m

Debt to Equity Ratio

1.1 x

Debt to Assets Ratio

0.4 x

Financial Leverage

1.7 x2.6 x3.2 x
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

194.2 m152.2 m81.8 m87.2 m69.6 m113 m150.5 m

Accounts Receivable

3.4 m5.4 m5.5 m7 m11.9 m12.1 m17.1 m

Inventories

772 k342 k472 k1.5 m3.9 m6.5 m13.4 m

Current Assets

218.2 m178.2 m108.6 m115.8 m101.4 m151.1 m201.1 m

PP&E

16.8 m24.4 m34 m51.2 m28.7 m26.2 m20.8 m

Goodwill

36.6 m36.6 m36.6 m36.6 m36.6 m36.6 m

Total Assets

1.2 b1.3 b1.4 b1.7 b1.8 b2 b2.3 b

Accounts Payable

64.5 m79.5 m87.9 m47.7 m54.3 m48.8 m38.4 m

Current Liabilities

129.6 m143.9 m158.7 m115.1 m133.9 m137.7 m131.6 m

Additional Paid-in Capital

505.5 m525.6 m528.3 m531.9 m532.6 m538.1 m548.4 m

Retained Earnings

(13.7 m)(47 k)421 k(44 m)(31.6 m)(14.9 m)17.3 m

Total Equity

631.6 m619.9 m609.3 m608.4 m645.2 m661.5 m671.5 m

Financial Leverage

1.8 x2.1 x2.4 x2.8 x2.8 x3 x3.4 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(3.3 m)(253.3 m)(242.5 m)

Depreciation and Amortization

18 k24.9 m46.8 m

Accounts Receivable

(52 k)(1.8 m)(9 m)

Inventories

(195 k)143 k(10.7 m)

Accounts Payable

286 k1.6 m2.7 m

Cash From Operating Activities

(1.2 m)(189.2 m)(165.7 m)

Cash From Investing Activities

(8 m)(556.4 m)(414.4 m)

Long-term Borrowings

(233.2 m)

Cash From Financing Activities

20.9 m576.3 m584.5 m

Interest Paid

96 k8.5 m23.7 m

Income Taxes Paid

4.4 m67.1 m15.9 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(60 m)(89.7 m)(50.3 m)(105.6 m)(52.3 m)(39.3 m)(55.5 m)

Depreciation and Amortization

3.8 m3.7 m3.7 m265 k155 k342 k140 k

Accounts Receivable

3.4 m5.4 m5.5 m7 m11.9 m12.1 m17.1 m

Inventories

772 k342 k472 k1.5 m3.9 m6.5 m13.4 m

Accounts Payable

64.5 m79.5 m87.9 m47.7 m54.3 m48.8 m38.4 m
USDY, 2017

Revenue/Employee

15.9 k

Financial Leverage

3.4 x

Vivint Solar Market Value History

Traffic Overview of Vivint Solar

Vivint Solar Online and Social Media Presence

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