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)
3,685 (est)
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
Ewing Township, US
370 Sullivan Way
Beltsville, US
G 12400 Kiln Ct
Kailua Kona, US
73 5590 Kauhola St
North Haven, US
C 50 Devine St
Bakersfield, US
D 2501 Union Ave
Mesa, US
236 S. Mulberry Street, Ste 102

Vivint Solar Data and Metrics

Vivint Solar Financial Metrics

Vivint Solar's revenue was reported to be $135.2 m in FY, 2016 which is a 111% increase from the previous period.
USD

Revenue (FY, 2016)

135.2 m

Revenue growth (FY, 2015 - FY, 2016), %

111%

Net income (FY, 2016)

(242.5 m)

EBIT (FY, 2016)

(202.5 m)

Market capitalization (28-Apr-2017)

330.8 m

Closing share price (28-Apr-2017)

2.9

Cash (31-Dec-2016)

96.6 m

EV

991.2 m
Vivint Solar's current market capitalization is $330.8 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)
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

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
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
Y, 2016

EV/EBIT

-4.9 x

EV/CFO

-6 x

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

3.2 x

Vivint Solar Online and Social Media Presence

Vivint Solar News and Updates

Vivint Solar Company Life and Culture

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