Complete Solaria, Inc.

For the period ended Jun 29, 2025. Filed Aug 13, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 29, 2025 · Filed Aug 13, 2025

SPWR$0.23-3.6%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss

(in thousands except share and per share amounts)

	Thirteen Weeks Ended		Twenty-Six Weeks Ended
	June 29,	June 30,	June 29,	June 30,
	2025	2024	2025	2024
Revenues (1)	$67,524	$4,492	$150,264	$14,532
Cost of revenues (1)	38,763	5,384	89,005	13,141
Gross profit (loss)	28,761	(892)	61,259	1,391
Operating expenses:
Sales commissions (1)	9,055	1,305	16,739	4,421
Sales and marketing	6,833	1,051	15,297	2,669
General and administrative	15,591	6,246	30,899	11,339
Total operating expenses	31,479	8,602	62,935	18,429
Loss from continuing operations	(2,718)	(9,494)	(1,676)	(17,038)
Interest expense (2)	(7,660)	(2,324)	(15,154)	(5,892)
Interest income	—	10	3	16
Other (expense) income, net (3)	(12,044)	(2,069)	2,532	(550)
Total other (expense), net	(19,704)	(4,383)	(12,619)	(6,426)
Loss from continuing operations before income taxes	(22,422)	(13,877)	(14,295)	(23,464)
Income tax (provision)	—	(10)	—	(11)
Net loss from continuing operations	(22,422)	(13,887)	(14,295)	(23,475)
Loss from discontinued operations, net of tax	—	(2,007)	—	(2,007)
Net loss from discontinued operations, net of taxes	—	(2,007)	—	(2,007)
Net loss	(22,422)	(15,894)	(14,295)	(25,482)
Other comprehensive loss:
Foreign currency translation adjustment	—	67	—	(22)
Comprehensive loss (net of tax)	$(22,422)	$(15,827)	$(14,295)	$(25,504)
Net loss from continuing operations per share attributable to common stockholders
Basic	$(0.28)	$(0.23)	$(0.18)	$(0.43)
Diluted	$(0.28)	$(0.23)	$(0.18)	$(0.43)
Net loss from discontinued operations per share attributable to common stockholders
Basic	$—	$(0.03)	$—	$(0.03)
Diluted	$—	$(0.03)	$—	$(0.03)
Net loss per share attributable to common stockholders
Basic	$(0.28)	$(0.26)	$(0.18)	$(0.46)
Diluted	$(0.28)	$(0.26)	$(0.18)	$(0.46)
Weighted-average shares used to compute net loss per share attributable to common stockholders
Basic	80,827,976	61,111,005	80,471,380	54,941,543
Diluted	80,827,976	61,111,005	87,191,380	54,941,543

(1)

Includes revenue and commission expense attributable to related party of $0.1 million, and $0.1 million in the thirteen and twenty-six week periods ended June 29, 2025. There were no similar related party transactions included the thirteen and twenty six week periods ended June 30, 2024. Refer to Note 16 – Related Party Transactions for details.

(2)

Includes related party interest expense and amortization of debt issuance costs of $1.6 million and $1.4 million in the thirteen week periods ended June 29, 2025, and June 30, 2024, respectively. Includes related party interest expense and amortization of debt issuance costs of $3.6 million and $4.0 million in the twenty-six week periods ended June 29, 2025, and June 30, 2024, respectively.

(3)	Includes the following related party transactions (in millions):

	Thirteen Weeks Ended		Twenty-Six Weeks Ended
	June 29, 2025	June 30, 2024	June 29, 2025	June 30, 2024
(Loss) gain on remeasurement of derivative liabilities (Note 9 – Borrowings and Derivative Liabilities)	$(1.6)	$—	$2.1	$—
Gain (loss) due to change in fair value of Forward Purchase Agreements	—	1.0	0.1	(1.0)
Loss on conversion of SAFE Agreements to common stock	—	(1.3)	—	(1.3)
(Loss) gain due to change in fair value of Carlyle warrants	—	(3.6)	—	2.9
Non-cash income due to related parties	—	—	0.1	—

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.