SunPower Inc. SPWR
mission is to deliver energy-efficient solutions to homeowners and small to medium-sized businesses that allow them to lower their energy
bills while reducing their carbon footprint. SunPower Inc. or SunPower, has created a unique, end-to-end offering that delivers a best-in-class
customer experience with a robust technology platform, financing solutions, and high-performance solar equipment.
Inc. (the "Company") is the rebranded name of Complete Solaria, Inc. The rebranding was effective April 22, 2025 and became
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $300.0M | $108.7M | $87.6M | $66.5M | $68.8M | $29.4M |
| Cost of revenue | $170.8M | $69.2M | $69.8M | $46.6M | $40.1M | $17.1M |
| Gross profit | $129.2M | $39.5M | $17.8M | $19.8M | $28.7M | $12.3M |
| SG&A | $90.1M | $76.6M | $32.1M | $13.6M | $5.2M | $3.2M |
| Total operating expenses | $156.1M | $108.0M | $70.1M | $41.0M | $36.0M | $17.4M |
| Operating income | -$26.9M | -$68.5M | -$52.4M | -$21.2M | -$7.3M | -$5.1M |
| Interest expense | $25.1M | $16.2M | $14.0M | $5.0M | $1.7M | $523.0K |
| Pre-tax income | -$42.7M | -$54.4M | -$96.2M | -$28.0M | -$9.3M | -$5.7M |
| Income tax | $1.6M | — | $20.0K | $27.0K | $3.0K | $3.0K |
| Net income | -$45.4M | -$56.5M | -$269.6M | -$29.5M | -$9.3M | -$5.7M |
| EPS, basic | -0.52 | -0.85 | -4.94 | -1.31 | -0.77 | -0.58 |
| EPS, diluted | -0.52 | -1.22 | -4.94 | -1.31 | -0.77 | -0.58 |
| Shares, diluted (wtd. avg.) | 87.1M | 75.8M | 24.7M | 22.5M | 12.0M | 9.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $9.6M | $13.4M | $6.4M | $8.3M | $277.6K | — |
| Receivables | — | $25.8M | $26.3M | $27.7M | — | — |
| Inventory | $4.4M | $22.1M | $3.1M | $13.1M | — | — |
| Total current assets | $112.9M | $95.6M | $37.7M | $55.3M | $1.0M | $127.7K |
| Property, plant and equipment | $4.9M | $5.5M | $4.3M | $3.5M | — | — |
| Goodwill | $62.6M | $18.5M | — | — | — | — |
| Other intangibles | $50.8M | $17.4M | — | — | — | — |
| Total assets | $241.2M | $144.5M | $47.3M | $228.2M | $346.2M | $127.7K |
| Accounts payable | $26.2M | $8.0M | $13.1M | $14.5M | $2.6M | $108.2K |
| Short-term debt | $24.3M | $1.5M | $33.3M | $0 | — | — |
| Total current liabilities | $154.6M | $79.4M | $109.2M | $60.1M | $2.6M | $108.2K |
| Long-term debt | $164.8M | — | — | — | — | — |
| Total liabilities | $331.3M | $242.0M | $124.1M | $122.9M | $23.1M | $108.2K |
| Retained earnings | -$456.7M | -$411.4M | -$354.9M | -$85.4M | -$21.9M | -$5.5K |
| Total equity | -$90.1M | -$97.5M | -$76.8M | $105.3M | -$21.4M | $19.5K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$15.3M | -$54.7M | -$58.6M | -$31.5M | -$11.0M | -$6.2M |
| Depreciation and amortisation | $3.0M | $2.0M | $930.0K | — | — | — |
| Stock-based compensation | $10.5M | $3.1M | $3.4M | $433.0K | — | — |
| Capital expenditure | — | — | $35.0K | — | — | — |
| Investing cash flow | -$19.3M | -$54.7M | $6.2M | $3.3M | -$1.1M | -$584.0K |
| Financing cash flow | $30.9M | $120.1M | $50.4M | $31.2M | $16.9M | $6.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-081056.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $29.4M | $68.8M | $66.5M | $87.6M | $108.7M | $300.0M |
| Gross profit | $12.3M | $28.7M | $19.8M | $17.8M | $39.5M | $129.2M |
| Net income | -$5.7M | -$9.3M | -$29.5M | -$269.6M | -$56.5M | -$45.4M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Unregistered share sale Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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