SunPower Inc.
For the period ended Mar 29, 2026. Filed May 19, 2026.
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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.
Mar 29, 2026 · Filed May 19, 2026
SPWR$0.27+11.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
(in thousands except share and per share amounts)
| March 29, | December 28, | |
|---|---|---|
| 2026 | 2025 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $9,488 | $9,617 |
| Trade accounts receivable, net of allowance for credit losses of $5,206 and $5,206 as of March 29, 2026 and December 28, 2025, respectively | 80,585 | 81,946 |
| Inventories | 4,098 | 4,375 |
| Prepaid expenses and other current assets | 27,852 | 16,913 |
| Total current assets | 122,023 | 112,851 |
| Restricted cash | 1,134 | 3,841 |
| Property and equipment, net | 4,557 | 4,890 |
| Operating lease right-of-use assets | 5,325 | 4,552 |
| Intangible assets, net | 51,816 | 50,814 |
| Goodwill | 75,607 | 62,630 |
| Other noncurrent assets | 1,624 | 1,609 |
| Total assets | $262,086 | $241,187 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $28,348 | $26,240 |
| Accrued expenses and other current liabilities (1) | 70,006 | 56,977 |
| Short-term debt with related parties | 21,500 | 21,500 |
| Short-term debt with third parties | 13,736 | — |
| Current portion of long-term notes payable | 2,786 | 2,786 |
| Deferred consideration, current | 17,102 | 16,879 |
| Deferred consideration, current with related party | — | 5,420 |
| Contract liabilities | 12,634 | 20,336 |
| SAFE Agreement with related party | 579 | 535 |
| Forward purchase agreement liabilities | 5,107 | 3,965 |
| Total current liabilities | 171,798 | 154,638 |
| Warranty provision, noncurrent | 3,059 | 3,059 |
| Warrant liability | 3,746 | 4,361 |
| Contract liabilities, noncurrent | 794 | 794 |
| Notes payable and derivative liabilities, net of current | 99,860 | 120,159 |
| Notes payable and derivative liabilities with related parties, net of current | 31,921 | 35,130 |
| Deferred income taxes | 1,693 | 1,300 |
| Deferred consideration, noncurrent | 3,165 | — |
| Deferred consideration, noncurrent with related party | — | 5,420 |
| Other long-term liabilities | 7,503 | 6,470 |
| Total liabilities | 323,539 | 331,331 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ (deficit): | ||
| Common stock, $0.0001 par value; Authorized 1,000,000,000 shares as of March 29, 2026, and December 28, 2025; issued and outstanding 120,347,463 and 111,334,959 shares as of March 29, 2026, and December 28, 2025, respectively | 16 | 16 |
| Additional paid-in capital | 389,849 | 366,408 |
| Accumulated other comprehensive income | 165 | 165 |
| Accumulated deficit | (451,483) | (456,733) |
| Total stockholders’ (deficit) | (61,453) | (90,144) |
| Total liabilities and stockholders’ (deficit) | $262,086 | $241,187 |
| (1) | Includes accrued interest due to related parties of $2.2 million and $2.6 million as of March 29, 2026, and December 28, 2025, respectively. Includes investor financing deposit with related party of $5.4 million and $2.0 million as of March 29, 2026, and December 28, 2025, respectively. |
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