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.
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 | Twenty-Six Weeks Ended | |||
|---|---|---|---|---|
| June 28, | June 29, | June 28, | June 29, | |
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | $54,858 | $66,115 | $127,651 | $144,528 |
| Cost of revenues(1) | 29,898 | 42,331 | 58,003 | 93,368 |
| Gross profit | 24,960 | 23,784 | 69,648 | 51,160 |
| Operating expenses: | ||||
| Sales commissions | 14,721 | 9,055 | 43,285 | 16,739 |
| Sales and marketing | 3,403 | 7,164 | 8,396 | 15,686 |
| General and administrative | 30,292 | 16,486 | 60,618 | 31,382 |
| Total operating expenses | 48,416 | 32,705 | 112,299 | 63,807 |
| Loss from operations | (23,456) | (8,921) | (42,651) | (12,647) |
| Interest expense (2) | (8,470) | (6,372) | (15,394) | (12,413) |
| Interest income | — | — | — | 3 |
| Other non-operating income (expense), net (3) | 38,820 | (12,044) | 69,581 | 2,532 |
| Total other income (expense), net | 30,350 | (18,416) | 54,187 | (9,878) |
| Income (loss) before income taxes | 6,894 | (27,337) | 11,536 | (22,525) |
| Income tax (provision) | — | — | 608 | — |
| Net income (loss) | 6,894 | (27,337) | 12,144 | (22,525) |
| Other comprehensive income | — | — | — | — |
| Comprehensive income (loss), net of tax | $6,894 | $(27,337) | $12,144 | $(22,525) |
| Net income per share attributable to common stockholders | ||||
| Basic | $0.05 | $(0.34) | $0.09 | $(0.28) |
| Diluted | $0.00 | $(0.34) | $0.00 | $(0.28) |
| Weighted-average shares used to compute net income per share attributable to common stockholders | ||||
| Basic | 149,417,506 | 81,176,254 | 136,849,897 | 80,695,825 |
| Diluted | 185,216,106 | 81,176,254 | 173,747,528 | 80,695,825 |
| (1) | Cost of revenue with SameDay Solar, a related party, was $0.4 million and $0.1 million in the thirteen weeks ended June 28, 2026 and June 29, 2025, respectively. Cost of revenue with SameDay Solar, a related party, was $0.9 million and $0.3 million in the twenty-six weeks ended June 28, 2026 and June 29, 2025. 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 June 28, 2026 and June 29, 2025, respectively. In the twenty-six week periods ended June 28, 2026 and June 29, 2025, includes related party interest and amortization of debt issuance costs of $4.6 million and $2.8 million, respectively. |
| (3) | Includes the following related party transactions (in millions): |
| Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||
|---|---|---|---|---|
| June 28, 2026 | June 29, 2025 | June 28, 2026 | June 29, 2025 | |
| Gain on remeasurement of derivative liabilities (Note 9 – Borrowings and Derivative Liabilities) | $12.5 | $(1.6) | $20.0 | $2.1 |
| Other income | — | — | — | 0.1 |
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