HA Sustainable Infrastructure Capital, Inc.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 13, 2026
HASI$39.14+0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
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CONSOLIDATED BALANCE SHEETS
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $110,218 | $129,758 |
| Equity method investments | 4,115,909 | 3,612,394 |
| Receivables, net of allowance of $62 million and $50 million, respectively ($629 million and $822 million from equity method investees, respectively) | 3,280,046 | 2,895,837 |
| Receivables held-for-sale | 113,938 | 75,556 |
| Real estate and available-for-sale debt securities | 76,291 | 9,802 |
| Retained interests in securitization trusts, net of allowance of $3 million and $3 million, respectively | 299,739 | 248,688 |
| Other assets | 191,824 | 108,210 |
| Total Assets | $8,187,965 | $7,080,245 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Accounts payable, accrued expenses and other | $380,702 | $275,639 |
| Credit facilities | 46,184 | 1,001 |
| Commercial paper notes | 225,212 | 100,057 |
| Term loans payable | 386,391 | 407,978 |
| Non-recourse debt (secured by assets of $311 million and $307 million, respectively) | 124,561 | 131,589 |
| Senior notes | 3,466,048 | 3,139,363 |
| Junior subordinated notes | 497,560 | — |
| Convertible notes | 403,438 | 619,543 |
| Total Liabilities | 5,530,096 | 4,675,170 |
| Stockholders’ Equity: | ||
| Preferred stock, par value $0.01 per share, 50,000,000 shares authorized, no shares issued and outstanding | — | — |
| Common stock, par value $0.01 per share, 450,000,000 shares authorized, 127,644,496 and 118,960,353 shares issued and outstanding, respectively | 1,276 | 1,190 |
| Additional paid-in capital | 2,849,597 | 2,592,964 |
| Accumulated deficit | (323,071) | (297,499) |
| Accumulated other comprehensive income (loss) | 47,076 | 40,101 |
| Non-controlling interest | 82,991 | 68,319 |
| Total Stockholders’ Equity | 2,657,869 | 2,405,075 |
| Total Liabilities and Stockholders’ Equity | $8,187,965 | $7,080,245 |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.