NASDAQ : SPWR
SunPower Inc. — Financial statements
Technology · Solar · United States
Last price 0.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 48.02M
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Financial statements
SunPower Inc. (SPWR) reported revenue of 283.12M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 283.12M | 300.00M | 108.74M | 87.62M | 66.47M | 68.82M |
| Cost of Revenue | 135.42M | 170.79M | 69.24M | 69.83M | 46.65M | 40.12M |
| Gross Profit | 147.70M | 129.21M | 39.50M | 17.79M | 19.83M | 28.69M |
| Selling, General & Admin | 204.63M | 156.14M | 100.81M | 70.15M | 40.98M | 36.02M |
| Operating Expenses | 204.63M | 156.14M | 100.81M | 70.15M | 40.98M | 36.02M |
| Operating Income | -56.94M | -26.93M | -61.31M | -52.36M | -21.16M | -7.33M |
| Interest Expense | -28.08M | -25.09M | -16.22M | -14.03M | -4.99M | -1.71M |
| Interest & Investment Income | 3.00K | 19.00K | 36.00K | 5.00K | ||
| Other Non Operating Income (Expenses) | 77.19M | 9.35M | 9.18M | -12.98M | -5.09M | -1.99M |
| EBT Excluding Unusual Items | -7.82M | -42.68M | -68.33M | -79.33M | -31.23M | -11.03M |
| Merger & Restructuring Charges | -7.20M | -2.39M | ||||
| Gain (Loss) on Sale of Investments | -4.15M | |||||
| Other Unusual Items | -794.00K | 21.09M | -10.34M | 3.23M | 1.75M | |
| Pretax Income | -8.62M | -42.68M | -54.44M | -96.22M | -28.00M | -9.28M |
| Income Tax Expense | 970.00K | 1.58M | -20.00K | 27.00K | 3.00K | |
| Earnings From Continuing Operations | -9.59M | -44.25M | -54.44M | -96.20M | -28.02M | -9.28M |
| Earnings From Discontinued Operations | -1.10M | -1.10M | -2.01M | -173.36M | -1.45M | |
| Net Income | -10.69M | -45.35M | -56.45M | -269.56M | -29.48M | -9.28M |
| Net Income to Common | -10.69M | -45.35M | -56.45M | -269.56M | -29.48M | -9.28M |
| Shares Outstanding (Basic) | 115.19M | 87.11M | 66.66M | 24.72M | 22.52M | 11.99M |
| Shares Outstanding (Diluted) | 115.19M | 87.11M | 75.79M | 24.72M | 22.52M | 11.99M |
| EPS (Basic) | -0.09 | -0.52 | -0.85 | -10.90 | -1.31 | -0.77 |
| EPS (Diluted) | -0.19 | -0.52 | -1.22 | -10.90 | -1.31 | -0.77 |
| Free Cash Flow | -60.46M | -15.33M | -54.66M | -58.65M | -31.51M | -11.00M |
| Free Cash Flow Per Share | -0.53 | -0.18 | -0.72 | -2.37 | -1.40 | -0.92 |
| Gross Margin | 52.17% | 43.07% | 36.33% | 20.30% | 29.83% | 41.70% |
| Operating Margin | -20.11% | -8.98% | -56.38% | -59.76% | -31.83% | -10.65% |
| Profit Margin | -3.77% | -15.12% | -51.91% | -307.66% | -44.34% | -13.49% |
| Free Cash Flow Margin | -21.35% | -5.11% | -50.27% | -66.94% | -47.41% | -15.99% |
| EBITDA | -44.04M | -17.80M | -58.57M | -51.43M | -20.51M | -6.86M |
| EBITDA Margin | -15.56% | -5.93% | -53.86% | -58.70% | -30.85% | -9.97% |
| D&A For EBITDA | 12.89M | 9.13M | 2.74M | 930.00K | 648.00K | 463.00K |
| EBIT | -56.94M | -26.93M | -61.31M | -52.36M | -21.16M | -7.33M |
| EBIT Margin | -20.11% | -8.98% | -56.38% | -59.76% | -31.83% | -10.65% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.08M | 9.62M | 13.38M | 2.59M | 4.41M | 5.28M |
| Cash & Short-Term Investments | 4.08M | 9.62M | 13.38M | 2.59M | 4.41M | 5.28M |
| Receivables | 68.92M | 81.95M | 51.91M | 26.28M | 27.72M | 9.04M |
| Inventory | 3.26M | 4.38M | 22.11M | 3.67M | 19.31M | 4.41M |
| Prepaid Expenses | 6.76M | 4.18M | 2.84M | 4.77M | ||
| Other Current Assets | 30.82M | 16.91M | 8.21M | 1.02M | 978.00K | 184.00K |
| Total Current Assets | 113.83M | 112.85M | 95.60M | 37.75M | 55.26M | 23.68M |
| Property, Plant & Equipment | 8.41M | 9.44M | 8.53M | 5.55M | 5.66M | 2.58M |
| Goodwill | 75.61M | 62.63M | 18.48M | |||
| Other Intangible Assets | 49.47M | 50.81M | 17.39M | 72.00K | ||
| Long-Term Deferred Charges | 1.10M | |||||
| Other Long-Term Assets | 2.88M | 5.45M | 4.47M | 4.02M | 166.17M | 70.00K |
| Total Assets | 250.21M | 241.19M | 144.47M | 47.32M | 228.18M | 26.40M |
| Accounts Payable | 28.32M | 26.24M | 7.98M | 13.12M | 14.47M | 5.19M |
| Accrued Expenses | 25.09M | 21.14M | 26.81M | 14.80M | 9.76M | 4.80M |
| Short-Term Debt | 14.67M | 21.50M | 1.50M | 31.06M | 22.80M | 18.22M |
| Current Portion of Long-Term Debt | 2.79M | 2.79M | 33.28M | |||
| Current Portion of Leases | 4.01M | 3.46M | 607.00K | 958.00K | 390.00K | |
| Current Income Taxes Payable | 278.00K | 278.00K | 931.00K | 1.25M | ||
| Current Unearned Revenue | 8.60M | 20.34M | 10.00M | 2.42M | 8.25M | 7.41M |
| Other Current Liabilities | 59.45M | 58.35M | 29.68M | 12.96M | 2.62M | 7.00M |
| Total Current Liabilities | 139.19M | 154.64M | 79.44M | 109.18M | 60.11M | 43.00M |
| Long-Term Debt | 120.73M | 155.29M | 145.83M | 44.15M | ||
| Long-Term Leases | 4.30M | 4.17M | 664.00K | 1.27M | 499.00K | |
| Long-Term Unearned Revenue | 794.00K | 794.00K | 918.00K | 1.05M | ||
| Long-Term Deferred Tax Liabilities | 1.69M | 1.30M | ||||
| Other Long-Term Liabilities | 11.89M | 10.64M | 10.08M | 3.42M | 3.21M | 3.16M |
| Total Liabilities | 274.30M | 326.97M | 240.44M | 114.32M | 108.75M | 46.66M |
| Common Stock | 19.00K | 16.00K | 14.00K | 7.00K | 3.00K | 1.00K |
| Additional Paid-In Capital | 418.13M | 366.41M | 313.66M | 277.96M | 190.62M | 34.50M |
| Retained Earnings | -444.59M | -456.73M | -411.38M | -354.93M | -85.37M | -55.90M |
| Comprehensive Income & Other | 165.00K | 165.00K | 165.00K | 143.00K | 27.00K | 1.00K |
| Total Common Equity | -26.27M | -90.14M | -97.54M | -76.81M | 105.28M | -21.39M |
| Shareholders' Equity | -24.09M | -85.78M | -95.98M | -67.00M | 119.43M | -20.26M |
| Total Liabilities & Equity | 250.21M | 241.19M | 144.47M | 47.32M | 228.18M | 26.40M |
| Total Debt | 138.18M | 187.89M | 154.97M | 65.61M | 69.18M | 19.11M |
| Net Cash (Debt) | -134.10M | -178.27M | -141.59M | -63.02M | -64.77M | -13.83M |
| Net Cash Per Share | -1.16 | -2.05 | -1.87 | -2.55 | -2.88 | -1.15 |
| Filing Date Shares Outstanding | 208.80M | 126.65M | 80.17M | 49.10M | 45.29M | 3.95M |
| Total Common Shares Outstanding | 151.51M | 111.33M | 73.78M | 49.07M | 19.93M | 3.95M |
| Working Capital | -25.36M | -41.79M | 16.16M | -71.43M | -4.86M | -19.33M |
| Book Value Per Share | -0.17 | -0.81 | -1.32 | -1.57 | 5.28 | -5.41 |
| Tangible Book Value | -151.35M | -203.59M | -133.40M | -76.81M | 105.28M | -21.46M |
| Tangible Book Value Per Share | -1.00 | -1.83 | -1.81 | -1.57 | 5.28 | -5.43 |
| Machinery | 8.08M | 5.97M | 227.00K | 192.00K | 70.00K | |
| Leasehold Improvements | 378.00K | 18.00K | 708.00K | 708.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.69M | -45.35M | -56.45M | -269.56M | -29.48M | -9.28M |
| Depreciation & Amortization | 12.89M | 9.13M | 2.74M | 930.00K | 648.00K | 463.00K |
| Other Amortization | 15.34M | 15.34M | 5.84M | |||
| Asset Writedown & Restructuring Costs | 113.00K | 3.83M | ||||
| Loss (Gain) From Sale of Investments | 4.15M | |||||
| Stock-Based Compensation | 7.61M | 10.49M | 3.07M | 3.36M | 433.00K | 200.00K |
| Provision & Write-off of Bad Debts | 7.95M | 3.55M | 9.13M | 4.27M | 2.07M | 364.00K |
| Other Operating Activities | -75.01M | -6.59M | -18.18M | 214.71M | 12.34M | 2.68M |
| Change in Accounts Receivable | 9.26M | -30.28M | -18.14M | -12.11M | -9.68M | -4.79M |
| Change in Inventory | 22.98M | 38.42M | 8.65M | 1.54M | -4.95M | -3.05M |
| Change in Accounts Payable | 4.14M | 15.25M | -10.41M | 2.29M | 3.25M | 3.01M |
| Change in Unearned Revenue | -25.11M | -3.14M | 82.00K | -1.69M | 1.31M | -637.00K |
| Change in Other Net Operating Assets | -30.92M | -23.35M | 13.18M | -6.72M | -1.16M | 44.00K |
| Operating Cash Flow | -60.46M | -15.33M | -54.66M | -58.61M | -31.51M | -10.99M |
| Capital Expenditures | -35.00K | -9.00K | ||||
| Cash Acquisitions | -18.79M | -19.34M | -53.50M | 4.85M | ||
| Sale (Purchase) of Intangibles | -1.16M | -1.94M | -1.51M | -1.05M | ||
| Investment in Securities | 8.14M | |||||
| Investing Cash Flow | -18.79M | -19.34M | -54.66M | 6.17M | 3.33M | -1.06M |
| Short-Term Debt Issued | 6.00M | 14.10M | 5.50M | 12.24M | ||
| Long-Term Debt Issued | 27.00M | 107.72M | 41.07M | 37.00M | 4.75M | |
| Total Debt Issued | 73.81M | 27.00M | 113.72M | 55.17M | 42.50M | 16.99M |
| Short-Term Debt Repaid | -9.51M | |||||
| Long-Term Debt Repaid | -4.45M | -851.00K | -9.80M | -500.00K | -100.00K | |
| Total Debt Repaid | -16.11M | -4.45M | -851.00K | -9.80M | -10.01M | -100.00K |
| Net Debt Issued (Repaid) | 57.70M | 22.55M | 112.87M | 45.37M | 32.49M | 16.89M |
| Issuance of Common Stock | 15.71M | 7.28M | 7.23M | 5.06M | 128.00K | 6.00K |
| Repurchase of Common Stock | -727.00K | -727.00K | ||||
| Other Financing Activities | -3.20M | 1.80M | -1.43M | |||
| Financing Cash Flow | 69.48M | 30.91M | 120.10M | 50.42M | 31.19M | 16.89M |
| Foreign Exchange Rate Adjustments | 22.00K | 116.00K | 27.00K | |||
| Net Cash Flow | -9.76M | -3.76M | 10.80M | -1.90M | 3.04M | 4.84M |
| Free Cash Flow | -60.46M | -15.33M | -54.66M | -58.65M | -31.51M | -11.00M |
| Free Cash Flow Margin | -21.35% | -5.11% | -50.27% | -66.94% | -47.41% | -15.99% |
| Free Cash Flow Per Share | -0.53 | -0.18 | -0.72 | -2.37 | -1.40 | -0.92 |
| Levered Free Cash Flow | 3.89M | 33.30M | -54.80M | -15.60M | -37.26M | -3.83M |
| Unlevered Free Cash Flow | 6.09M | 33.64M | -50.50M | -6.83M | -34.14M | -2.76M |
| Cash Interest Paid | 12.01M | 7.73M | 77.00K | 2.15M | 162.00K | 365.00K |
| Cash Income Tax Paid | 10.00K | 6.00K | ||||
| Change in Working Capital | -19.65M | -3.10M | -6.64M | -16.68M | -11.23M | -5.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 51.61M | 174.35M | 133.52M | 72.69M | 435.56M | 417.45M |
| Enterprise Value | 185.72M | 383.18M | 265.34M | 131.84M | ||
| Last Close Price | 0.23 | 1.62 | 1.81 | 1.60 | 10.10 | 9.68 |
| Forward PE | 12.07 | 10.80 | ||||
| PS Ratio | 0.18 | 0.58 | 1.23 | 0.83 | 6.55 | 6.07 |
| PB Ratio | -2.03 | -1.39 | -1.08 | 3.65 | -20.60 | |
| P/TBV Ratio | 4.14 | |||||
| EV/Sales Ratio | 0.66 | 1.28 | 2.44 | 1.50 | ||
| Debt / Equity Ratio | -5.74 | -2.19 | -1.61 | -0.98 | 0.58 | -0.94 |
| Net Debt / Equity Ratio | -5.57 | -2.08 | -1.48 | -0.94 | 0.54 | -0.68 |
| Net Debt / EBITDA Ratio | -3.04 | -10.01 | -2.42 | -1.23 | -3.16 | -2.02 |
| Net Debt / FCF Ratio | -2.22 | -11.63 | -2.59 | -1.07 | -2.06 | -1.26 |
| Asset Turnover | 1.37 | 1.56 | 1.13 | 0.64 | 0.52 | 3.75 |
| Inventory Turnover | 32.06 | 12.90 | 5.37 | 6.08 | 3.93 | 12.22 |
| Quick Ratio | 0.52 | 0.59 | 0.82 | 0.26 | 0.53 | 0.33 |
| Current Ratio | 0.82 | 0.73 | 1.20 | 0.35 | 0.92 | 0.55 |
| Return on Equity (ROE) | -366.90% | -56.51% | ||||
| Return on Assets (ROA) | -17.22% | -8.73% | -39.96% | -23.76% | -10.39% | -24.95% |
| Return on Capital Employed (ROCE) | -51.30% | -31.10% | -94.30% | 84.60% | -12.60% | 44.10% |
| Earnings Yield | -78.27% | -26.01% | -42.28% | -370.82% | -6.77% | -2.22% |
| FCF Yield | -116.12% | -8.79% | -40.94% | -80.68% | -7.23% | -2.64% |
| Buyback Yield / Dilution | -44.83% | -14.93% | -206.57% | -9.76% | -87.86% | -22.85% |