Quarterly ResultApr 14, 2026, 04:16 PM
SunPower Reports 2025 GAAP Revenue of $300M, Operating Loss of $26.9M
AI Summary
SunPower Inc. announced its 2025 10K report, revealing audited GAAP revenue of $300 million and a GAAP operating loss of $26.9 million. These figures reflect audit adjustments, including an $8.757 million reduction in revenue due to double bookings and a balance sheet cleanup that impacted operating income. The company also completed three acquisitions, expanding its sales coverage, and officially adopted "SunPower" as its legal name and brand.
Key Highlights
- 2025 GAAP Revenue reached $300 million.
- 2025 GAAP Operating Income was a loss of $26.9 million.
- 2025 non-GAAP Operating Income was $7.33 million.
- Balance sheet purged $20.7 million via audit adjustments.
- Expanded sales coverage from 22 to 46 states via 3 acquisitions.