Company research
Greenbacker Renewable Energy Co LLC
CIK 1563922Updated Sep 25, 2026
Filing activity
Latest filing
50 filings on record · 10-Q, 425, 8-K, 4, 10-K/A, 10-K.
About the company
Greenbacker is a publicly reporting renewable energy company that owns, operates, and manages a diversified portfolio of approximately 1.9 gigawatts (GW) of operating and under-construction solar, wind, and battery storage assets across 22 states. Since its founding in 2011, Greenbacker has built an end-to-end platform spanning origination, acquisition, project development, structured financing, asset management, and operations and maintenance, with in-house capabilities supporting the full lifecycle of utility-scale and distributed renewable energy projects. The company’s operating portfolio includes more than 185 individual projects across solar, wind, and battery storage technologies, serving utility, commercial, industrial, and municipal off-takers nationwide. Greenbacker also owns Greenbacker Capital Management LLC, an SEC-registered investment adviser to a series of affiliated investment vehicles. The company is headquartered in New York, with offices in Vermont, Maine, and Colorado. Learn more at https://www.greenbackercapital.com/
Recent filings
10-Q filing
425 filing
425 filing
425 filing
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 1.01, 5.02, 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,078,520,000Source | 3,245,045,000Source | 3,459,605,000Source | 3,387,242,491Source |
| Property, Plant and Equipment, NetUSD | — | — | — | 1,889,705,529Source |
| GoodwillUSD | — | 0Source | 221,314,000Source | 221,313,776Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 255,940,000Source | 362,352,000Source | 453,214,000Source | 540,620,964Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 66,637,000Source | 120,057,000Source | 96,872,000Source | 143,223,982Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 32,743,000Source | 27,103,000Source | 23,310,000Source | 20,440,153Source |
| Assets, CurrentUSD | 165,379,000Source | 231,781,000Source | 291,908,000Source | 324,315,764Source |
| Operating Lease, Right-of-Use AssetUSD | 164,332,000Source | 195,024,000Source | 108,606,000Source | 102,594,813Source |
| Other Assets, NoncurrentUSD | 26,615,000Source | 242,667,000Source | 140,740,000Source | 147,339,466Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,942,620,000Source | 1,903,976,000Source | 1,826,640,000Source | 1,596,526,638Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 199,000Source | 199,000Source | 198,000Source | 198,044Source |
| Additional Paid in CapitalUSD | 1,779,303,000Source | 1,773,758,000Source | 1,770,060,000Source | 1,763,061,377Source |
| Retained Earnings (Accumulated Deficit)USD | -777,258,000Source | -584,733,000Source | -306,525,000Source | -114,679,721Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 26,547,000Source | 34,937,000Source | 45,932,000Source | 56,094,242Source |
| Liabilities and EquityUSD | 3,078,520,000Source | 3,245,045,000Source | 3,459,605,000Source | 3,387,242,491Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 131,259,000Source | 228,293,000Source | 263,728,000Source | 225,192,031Source |
| Operating Lease, Liability, CurrentUSD | 1,416,000Source | 2,074,000Source | 2,262,000Source | 2,193,343Source |
| Operating Lease, Liability, NoncurrentUSD | 173,103,000Source | 196,911,000Source | 108,406,000Source | 101,281,144Source |
| Deferred Income Tax Liabilities, NetUSD | 24,606,000Source | 35,316,000Source | 58,696,000Source | 85,654,803Source |
| Other Liabilities, NoncurrentUSD | 52,586,000Source | 59,261,000Source | 47,659,000Source | 39,825,898Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 24,606,000Source | 35,278,000Source | 58,578,000Source | 83,728,553Source |
| Dividends Payable, CurrentUSD | 1,100,000Source | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 24,056,000Source | 88,901,000Source | 82,855,000Source | 95,869,554Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,247,771,000Source | 1,001,654,000Source | 935,397,000Source | 850,760,441Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -214,889,000Source | -305,909,000Source | -175,587,000Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 10,805,000Source | 378,000Source | 11,248,000Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 11,095,000Source | 4,864,000Source | 2,959,000Source | — |
| Deferred Income Tax Expense (Benefit)USD | -8,127,000Source | -19,378,000Source | -21,548,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 43,640,000Source | 67,475,000Source | 62,401,000Source | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -279,439,000Source | -210,601,000Source | -323,179,000Source | — |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 218,000Source | — | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 520,711,000Source | 287,822,000Source | 360,650,000Source | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 2,667,000Source | 6,428,000Source | 82,719,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 161,554,000Source | 117,039,000Source | 257,755,000Source | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | -745,000Source | -865,000Source | — |
| Repayments of Long-term DebtUSD | 484,721,000Source | 320,174,000Source | 351,764,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -74,245,000Source | -26,087,000Source | -3,023,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 87,343,000Source | 161,588,000Source | 187,675,000Source | 190,698,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 47,900,000Source | 45,223,000Source | 23,608,000Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 10,805,000Source | 378,000Source | 11,248,000Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 7,967,000Source | 6,261,000Source | 6,711,000Source | — |
| Amortization of Intangible AssetsUSD | 29,991,000Source | 36,577,000Source | 40,800,000Source | — |
| Asset Retirement Obligation, Accretion ExpenseUSD | 2,999,000Source | 2,694,000Source | 2,622,000Source | — |
| Deconsolidation, Gain (Loss), AmountUSD | 0Source | 5,622,000Source | — | — |
| DepreciationUSD | 73,891,000Source | 71,125,000Source | 113,900,000Source | — |
| Depreciation, Amortization and Accretion, NetUSD | 88,201,000Source | 96,254,000Source | 133,803,000Source | — |
| Dividends Payable, CurrentUSD | 1,100,000Source | — | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 5,485,000Source | 1,356,000Source | 2,428,000Source | — |
| Gain (Loss) on Disposition of Other AssetsUSD | -95,339,000Source | — | — | — |
| General and Administrative ExpenseUSD | 57,459,000Source | 52,552,000Source | 60,014,000Source | — |
| GoodwillUSD | — | 0Source | 221,314,000Source | 221,314,000Source |
| Goodwill, Impairment LossUSD | 0Source | 221,314,000Source | 0Source | — |
| Income Tax Expense (Benefit)USD | -8,124,000Source | -19,378,000Source | -21,548,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -194,645,000Source | -242,300,000Source | -79,471,000Source | — |
| Operating Lease, Impairment LossUSD | 2,800,000Source | 3,100,000Source | — | — |
| Operating Lease, Lease IncomeUSD | 8,540,000Source | 10,096,000Source | 10,147,000Source | — |
| Other Interest and Dividend IncomeUSD | — | 1,200,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -2,624,000Source | 2,436,000Source | -267,000Source | — |
| Payments of Financing CostsUSD | 5,149,000Source | 34,698,000Source | 11,447,000Source | — |
| Payments to Acquire InvestmentsUSD | — | 734,000Source | 5,298,000Source | — |
| Proceeds from Issuance of Long-term DebtUSD | 672,477,000Source | 404,580,000Source | 425,532,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | 55,765,000Source | 110,216,000Source | 144,895,000Source | — |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 2,000,000Source | 1,000,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | -26,223,000Source | 44,748,000Source | 17,763,000Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | -5,380,000Source | -14,701,000Source | 932,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 186,360,000Source | 194,277,000Source | 163,318,000Source | — |
| Operating Income (Loss)USD | -183,485,000Source | -328,174,000Source | -177,472,000Source | — |
| Other Nonoperating Income (Expense)USD | -2,624,000Source | 2,436,000Source | -267,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -223,013,000Source | -325,287,000Source | -197,135,000Source | — |
| Income Tax Expense (Benefit)USD | -8,124,000Source | -19,378,000Source | -21,548,000Source | 8,838,957Source |
| Net Income (Loss) Attributable to ParentUSD | -194,645,000Source | -242,300,000Source | -79,471,000Source | — |
| Earnings Per Share, BasicUSD per share | -0.98Source | -1.22Source | -0.4Source | 0.02Source |
| Earnings Per Share, DilutedUSD per share | -0.98Source | -1.22Source | -0.4Source | 0.02Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 199,383,000Source | 199,313,000Source | 199,293,000Source | 126,458,860Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 199,383,000Source | 199,313,000Source | 199,293,000Source | 126,458,860Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 29,991,000Source | 36,577,000Source | 40,800,000Source | — |
| Business Combination, Acquisition Related CostsUSD | — | — | 3,388,000Source | — |
| Costs and ExpensesUSD | 374,706,000Source | 523,940,000Source | 350,637,000Source | — |
| Current Income Tax Expense (Benefit)USD | 3,000Source | — | — | 0Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 80,782,000Source | 81,953,000Source | 125,743,000Source | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 5,485,000Source | 1,356,000Source | 2,428,000Source | — |
| General and Administrative ExpenseUSD | 57,459,000Source | 52,552,000Source | 60,014,000Source | 658,439Source |
| Goodwill, Impairment LossUSD | 0Source | 221,314,000Source | 0Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -223,032,000Source | — | — | — |
| Interest Expense, DebtUSD | — | — | 40,913,000Source | — |
| Interest Income (Expense), NetUSD | — | — | -40,519,000Source | — |
| Interest Income (Expense), Nonoperating, NetUSD | -79,892,000Source | -7,612,000Source | — | — |
| Interest Income, OperatingUSD | — | — | — | 0Source |
| Labor and Related ExpenseUSD | — | — | 1,250,000Source | — |
| Management Fee ExpenseUSD | — | — | — | 21,940,099Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | -20,244,000Source | -63,609,000Source | -96,935,000Source | — |
| Operating Lease, Lease IncomeUSD | 8,540,000Source | 10,096,000Source | 10,147,000Source | — |
| Other ExpensesUSD | — | — | — | 4,747,308Source |
| Other Interest and Dividend IncomeUSD | — | 1,200,000Source | — | — |
| Realized Investment Gains (Losses)USD | — | — | — | -29,182Source |
Filing attachments
g085812_ex99-1.htm · 8-K · 2026-07-22
EX-99.1 3 g085812_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 MN8 Energy to Acquire Greenbacker Renewable Energy Company LLC, Creating a Top-Tier American Power Platform Strategic combination creates a national renewable energy platform with a cumulative generating capacity of over 6 GW across 33 states Combined platform with diversified technology is well positioned to capture the significant, accelerating growth in power demand driven by the rapid expansion of data center build-out, and broade…
Read attachment ↗g085812_ex99-2.htm · 8-K · 2026-07-22
EX-99.2 4 g085812_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 A Merger to Create a Top-Tier American Clean Power Platform Combining two leading American renewable power producers - delivering power where it's needed, fast. 1 DISCLOSURE Important Disclosures No Offer or Solicitation Participants in the Solicitation This presentation relates to a proposed merger (the “Merger”) involving MN8 Energy Holdings LLC (“MN8”) and Greenbacker Renewable Energy Company LLC (“Greenbacker” or “GREC”). This pres…
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