Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data SunPower Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
66.5
87.6
109
300
Cost of revenue
46.6
69.8
69.2
171
Gross profit
19.8
17.8
39.5
129
General and administrative
13.6
32.1
76.6
90.1
Operating expenses
41
70.1
108
156
Operating income
-3.78
-21.2
-52.4
-68.5
-26.9
Interest expense
4.99
14
16.2
25.1
Interest income
0.11
0.01
0.04
0.02
0
Other non-operating income
8.91
-6.84
-43.9
14.1
-15.7
Pre-tax income
-28
-96.2
-54.4
-42.7
Income tax
0.03
-0.02
1.58
Income from continuing operations
-28
-96.2
-54.4
-44.3
Net income
5.13
-29.5
-270
-56.5
-45.4
EBITDA
-20.5
-51.4
-66.5
-23.9
EPS, basic
-1.31
-4.94
-0.85
-0.52
EPS, diluted
-1.31
-4.94
-1.22
-0.52
Shares, basic (weighted)
22.5
24.7
66.7
87.1
Shares, diluted (weighted)
22.5
24.7
75.8
87.1
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.28
4.41
2.59
13.4
9.62
Receivables
27.7
26.3
25.8
Inventory
13.1
3.06
22.1
4.38
Other current assets
0.72
10.1
5.82
4.45
9.55
Total current assets
1
55.3
37.7
95.6
113
Property, plant and equipment
3.48
4.32
5.49
4.89
Lease right-of-use assets
2.18
1.24
3.04
4.55
Goodwill
18.5
62.6
Intangible assets
42.6
17.4
50.8
Other non-current assets
1.33
0.2
0.63
1.61
Total assets
346
228
47.3
144
241
Accounts payable
2.58
14.5
13.1
7.98
26.2
Deferred revenue
5.41
2.42
10
20.3
Short-term debt
0
33.3
1.5
24.3
Total current liabilities
2.58
60.1
109
79.4
155
Long-term debt
92.6
120
Lease liabilities
1.27
0.66
2.26
3.16
Other non-current liabilities
3.21
3.42
8.55
6.47
Total liabilities
23.1
123
124
242
331
Total debt
184
165
Paid-in capital
191
278
314
366
Retained earnings
-21.9
-85.4
-355
-411
-457
Other comprehensive income
0.03
0.14
0.17
0.17
Shareholders' equity
-21.4
105
-76.8
-97.5
-90.1
Total equity
-21.9
105
-76.8
-97.5
-90.1
Total liabilities and equity
346
228
47.3
144
241
Shares outstanding
19.9
49.1
73.8
111
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
5.13
-29.5
-270
-56.5
-45.4
Depreciation and amortization
0.65
0.93
2
3
Stock-based compensation
0.43
3.36
3.07
10.5
Deferred income tax
1.3
Change in receivables
-9.68
-12.1
3.31
-38.8
Change in inventory
-4.95
1.54
8.65
38.4
Change in payables
2.58
3.25
2.29
-10.4
15.3
Cash from operations
-2.04
-31.5
-58.6
-54.7
-15.3
Capital expenditures
-0.04
Acquisitions
4.85
-53.5
-19.3
Purchases of investments
-1,035
Sales and maturities of investments
690
8.15
Cash from investing
-345
3.34
6.17
-54.7
-19.3
Debt issued
25
Stock issued
-18.6
-18.6
5
6.69
6.74
Cash from financing
347
31.2
50.4
120
30.9
Exchange rate effect
0.03
0.12
0.02
Net change in cash
0.28
3.04
-1.9
10.8
-3.76
Free cash flow
-58.6
Interest paid
0.16
2.15
0.08
7.73
Income taxes paid
-0.01
0.01
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 28, 2026; growth uses fiscal years. Valuation uses the share price of $0.31 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
52.2%
Gross profit / revenue.
Operating margin
-20.1%
Operating income / revenue.
EBITDA margin
-18.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-3.0%
Pre-tax income / revenue.
Net margin
-3.8%
Net income / revenue.
Operating cash flow margin
-21.4%
Cash from operations / revenue.
Return on assets (ROA)
-4.3%
Net income / average total assets.
Return on invested capital (ROIC)
-30.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
3.4%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
2.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
175.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
65.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
227.1%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
86.8%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
67.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
1.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
14.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
57.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.82x
Current assets / current liabilities.
Quick ratio
0.03x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.03x
(Cash + short-term investments) / current liabilities.
Debt / assets
71.9%
Total debt / total assets.
Liabilities / assets
110.5%
Total liabilities / total assets.
Net debt
$175.7M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.53
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.33
Cash from operations / diluted weighted shares.
Book value per share
-$0.17
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.20x
Market cap / revenue.
EV/Sales
0.82x
Enterprise value / revenue.
Earnings yield
-18.6%
Net income / market cap (the inverse of P/E).
What was SunPower Inc.'s revenue in fiscal 2025?
SunPower Inc. reported revenue of $300.0M for fiscal 2025, 175.9% higher than the year before.
Was SunPower Inc. profitable in fiscal 2025?
No. It reported a net loss of $45.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.