SunPower Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $278k $73k $2.6m $13.4m $9.6m
Trade accounts receivable, net of allowance for credit losses of $5,206 and $1,701 as of December 28, 2025 and December 29, 2024, respectively $25.8m $67.8m
Inventories $13.1m $3.1m $22.1m $4.4m
Prepaid expenses and other current assets $10.1m $5.8m $8.2m $16.9m
Total current assets $128k $1.0m $194k $37.7m $95.6m $112.9m
Property and equipment, net $3.5m $4.3m $5.5m $4.9m
Goodwill $18.5m $62.6m
Intangible assets, net $17.4m $50.8m
Operating lease right-of-use assets $2.2m $1.2m $3.0m $4.6m
Other noncurrent assets $1.3m $198k $628k $1.6m
Contract assets, current portion $26.1m $14.1m
Restricted cash $3.9m $3.8m $3.8m $3.8m
Accrued expenses and other current liabilities $19.8m $27.9m $56.1m $57.0m
Current portion of long-term notes payable $2.8m
Deferred consideration, current with related party $16.9m
Deferred consideration, current $5.4m
Contract liabilities, current portion $2.4m $10.0m $20.3m
SAFE Agreement with related party $384k $535k
Forward purchase agreement liabilities with related parties $3.2m $1.3m
Forward purchase agreement liabilities $3.8m $2.2m $4.0m
Warranty provision, noncurrent $3.4m $3.4m $3.1m
Warrant liability $14.2m $9.8m $1.6m $4.4m
Contract liabilities, noncurrent $1.1m $918k $794k
Notes payable and derivative liabilities $92.6m $120.2m
Notes payable and derivative liabilities with related parties, net of current portion $15.5m $53.2m $35.1m
Deferred income taxes $1.3m
Deferred consideration, noncurrent with related party $5.4m
Total stockholders’ (deficit) $20k ($21.9m) ($11.5m) ($76.8m) ($97.5m) ($90.1m)
Total assets $128k $346.2m $350.1m $47.3m $144.5m $241.2m
Total liabilities and stockholders’ (deficit) $128k $346.2m $350.1m $47.3m $144.5m $241.2m
Accounts payable $14.5m $13.1m $8.0m $26.2m
Short-term debt with related parties $33.3m $1.5m $21.5m
Total current liabilities $108k $2.6m $5.7m $109.2m $79.4m $154.6m
Other long-term liabilities $3.2m $3.4m $8.6m $6.5m
Total liabilities $108k $23.1m $11.7m $124.1m $242.0m $331.3m
Common stock, $0.0001 par value; Authorized 1,000,000,000 shares as of December 28, 2025 and December 29, 2024; issued and outstanding 111,334,959 and 73,784,645 shares as of December 28, 2025 and December 29, 2024, respectively 3k 7k 14k 16k
Additional paid-in capital $24k $6.1m $278.0m $313.7m $366.4m
Accumulated other comprehensive loss $27k $143k $165k $165k
Accumulated deficit ($5k) ($21.9m) ($17.5m) ($354.9m) ($411.4m) ($456.7m)