SunPower Inc.
For the period ended Jun 28, 2026. Filed Aug 21, 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.
Jun 28, 2026 · Filed Aug 21, 2026
SPWR$0.23-3.6%Stored close · as of Nov 10, 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)
| June 28, | December 28, | |
|---|---|---|
| 2026 | 2025 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $4,075 | $9,617 |
| Trade accounts receivable, net of allowance for credit losses of $10,814 and $5,206 as of June 28, 2026 and December 28, 2025, respectively | 68,925 | 81,946 |
| Inventories | 3,260 | 4,375 |
| Prepaid expenses and other current assets | 37,573 | 16,913 |
| Total current assets | 113,833 | 112,851 |
| Restricted cash | 1,134 | 3,841 |
| Property and equipment, net | 3,671 | 4,890 |
| Operating lease right-of-use assets | 4,744 | 4,552 |
| Intangible assets, net | 49,471 | 50,814 |
| Goodwill | 75,607 | 62,630 |
| Other noncurrent assets | 1,749 | 1,609 |
| Total assets | $250,209 | $241,187 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $28,322 | $26,240 |
| Accrued expenses and other current liabilities (1) | 64,288 | 56,977 |
| Short-term debt with related parties | 8,500 | 21,500 |
| Short-term debt with third parties | 6,168 | — |
| Current portion of long-term notes payable | 2,786 | 2,786 |
| Deferred consideration, current | 8,005 | 16,879 |
| Deferred consideration, current with related party | 3,250 | 5,420 |
| Contract liabilities | 8,599 | 20,336 |
| SAFE Agreement with related party | — | 535 |
| Forward purchase agreement liabilities | 9,274 | 3,965 |
| Total current liabilities | 139,192 | 154,638 |
| Warranty provision, noncurrent | 3,059 | 3,059 |
| Warrant liability | 2,185 | 4,361 |
| Contract liabilities, noncurrent | 794 | 794 |
| Notes payable and derivative liabilities, net of current | 85,293 | 120,159 |
| Notes payable and derivative liabilities with related parties, net of current | 35,433 | 35,130 |
| Deferred income taxes | 1,694 | 1,300 |
| Deferred consideration, noncurrent | — | — |
| Deferred consideration, noncurrent with related party | 3,165 | 5,420 |
| Other long-term liabilities | 5,665 | 6,470 |
| Total liabilities | 276,480 | 331,331 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ (deficit): | ||
| Common stock, $0.0001 par value; Authorized 1,000,000,000 shares as of June 28, 2026, and December 28, 2025; issued and outstanding 151,509,461 and 111,334,959 shares as of June 28, 2026, and December 28, 2025, respectively | 19 | 16 |
| Additional paid-in capital | 418,134 | 366,408 |
| Accumulated other comprehensive income | 165 | 165 |
| Accumulated deficit | (444,589) | (456,733) |
| Total stockholders’ (deficit) | (26,271) | (90,144) |
| Total liabilities and stockholders’ (deficit) | $250,209 | $241,187 |
| (1) | Includes accrued interest due to related parties of $2.9 million and $2.6 million as of June 28, 2026, and December 28, 2025, respectively. Includes investor financing deposit with related party of $2.0 million as of December 28, 2025. |
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