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August 16 , 2021 Sunlight Financial Sunlight Financial Reports Second Quarter 2021 Results -Year - over - Year Funded Loan Volume Triples to $ 666 Million in 2Q 2021 - - Year - over - Year Total Revenue up 162 % to $ 26.9 Million in 2Q 2021 - - 2Q 2021 Net Income increased to $ 5.2 Million , up from $ ( 1.2 ) Million in 2Q 2020 - - 2Q 2021 Adjusted EBITDA increased to $ 11.5 Million , up from $ 0.2 Million in 2Q 2020 - Revises Full - Year 2021 Outlook for Key Metrics - NEW YORK & CHARLOTTE , N.C .-- ( BUSINESS WIRE ) -- Sunlight Financial Holdings Inc. ( " Sunlight Financial " , " Sunlight " or the " Company " ) ( NYSE : SUNL ) , a premier , technology enabled point - of - sale financing company , today provided financial results for the second quarter ended June 30 , 2021 . " Sunlight generated a record level of loan volume in the second quarter of 2021 , with funded loans of $ 666 million , demonstrating our unique ability to meet the growing demand for residential solar with our best - in - class point - of - sale technology platform and our high - quality contractor partnerships , " said Matt Potere , Chief Executive Officer of Sunlight . " Our strong funded loan volume led to profitable earnings growth , with Total Revenue up 162 % and significant Net Income and Adjusted EBITDA increases relative to the second quarter of 2020 . " We also grew our contractor network by 77 % since the second quarter of 2020 , bringing our total active contractor base to nearly 1,400 , and saw a record - high battery attachment rate 26 % , driving our average solar loan balance up 15 % relative to the second quarter of 2020 , " added Mr. Potere . " Sunlight is well - positioned to pursue its growth strategy as a public company , continuing to provide frictionless financing and innovative products to homeowners to support the transition to a clean energy future . " All financial and operating results included in this release are for the Sunlight Financial LLC business , and do not give effect to the closing of the business combination with Spartan Acquisition Corp. II ( “ Spartan ” ) , which occurred on July 9 , 2021 ( after the close of the quarter ended June 30 , 2021 ) . Second Quarter 2021 Key Financial Metrics • Total funded loans of $ 666 million , tripling from $ 222 million in the prior - year period • Total Revenue of $ 26.9 million , a 162 % increase from $ 10.3 million in the prior - year period • Net Income of $ 5.2 million , up from a net loss of $ ( 1.2 ) million in the second quarter of 2020 • Adjusted EBITDA of $ 11.5 million , a significant increase from $ 0.2 million in the prior year period • Adjusted EBITDA Margin of 42.7 % , nearly 20x Adjusted EBITDA margin of 2.2 % in the