SunPower Inc.
For the period ended Mar 29, 2026. Filed May 19, 2026.
View on SEC.govAbout 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.
Mar 29, 2026 · Filed May 19, 2026
SPWR$0.24-11.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income
(in thousands except share and per share amounts)
| Thirteen Weeks Ended | ||
|---|---|---|
| March 29, | March 30, | |
| 2026 | 2025 | |
| Revenues | $72,793 | $78,413 |
| Cost of revenues(1) | 28,106 | 51,037 |
| Gross profit | 44,687 | 27,376 |
| Operating expenses: | ||
| Sales commissions | 28,564 | 7,684 |
| Sales and marketing | 4,993 | 8,522 |
| General and administrative | 30,325 | 14,896 |
| Total operating expenses | 63,882 | 31,102 |
| Loss from operations | (19,195) | (3,726) |
| Interest expense (2) | (6,924) | (6,041) |
| Interest income | — | 3 |
| Other non-operating income, net (3) | 30,761 | 14,576 |
| Total other income, net | 23,837 | 8,538 |
| Income from operations before income taxes | 4,642 | 4,812 |
| Income tax (provision) | 608 | — |
| Net income | 5,250 | 4,812 |
| Other comprehensive income | — | — |
| Comprehensive income (net of tax) | $5,250 | $4,812 |
| Net income per share attributable to common stockholders | ||
| Basic | $0.04 | $0.06 |
| Diluted | $0.00 | $0.02 |
| Weighted-average shares used to compute net income per share attributable to common stockholders | ||
| Basic | 124,279,055 | 80,209,585 |
| Diluted | 163,787,402 | 112,302,063 |
| (1) | Cost of revenue with SameDay Solar, a related party, was $0.5 million and $0.2 million in the thirteen weeks ended March 29, 2026 and March 30, 2025, respectively. Refer to Note 17 – Related Party Transactions for details. |
| (2) | Includes related party interest expense and amortization of debt issuance costs of $2.3 million and $1.4 million in the thirteen weeks ended March 29, 2026 and March 30, 2025, respectively. |
| (3) | Includes the following related party transactions (in millions): |
| Thirteen Weeks Ended | ||
|---|---|---|
| March 29, 2026 | March 30, 2025 | |
| Gain on remeasurement of derivative liabilities (Note 9 – Borrowings and Derivative Liabilities) | $7.5 | $3.7 |
| Gain due to change in fair value of forward purchase agreements | — | 0.1 |
| Other income | — | 0.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.