SunPower reported Q4’25 revenue of $88.5 million, up 26% from $70.0 million in Q3’25, driven by full-quarter contributions from the Sunder acquisition and partial-quarter contributions from Ambia. GAAP gross profit rose to $48.8 million (55% margin) versus $32.0 million (46% margin) in Q3’25, while non-GAAP gross profit improved to $50.9 million (57% margin). Non-GAAP operating income reached a post-acquisition record of $3.5 million (4.0% of revenue), compared with $2.0 million (2.9% of revenue) in the prior quarter. The company’s cash balance at quarter end was $9.3 million, up from $5.1 million three months earlier.

For full-year 2025, SunPower generated $308.8 million in revenue with $10.9 million in operating income, marking its first profitable annual result after four years of losses. Looking ahead to Q1’26, management forecasts approximately $84 million in revenue (±$4 million) to account for a typical 10–15% winter slump and the scheduled ITC solar tax credit reduction. Operating income for Q1’26 is expected to be $2.0 million, and the company anticipates sustained profitability throughout 2026.

On January 11, SunPower increased its equity line of credit with White Lion Capital to $55 million, bolstering its cash‐security framework and maintaining a minimum cash threshold above $10 million. The company has three additional funding deals in progress to support working capital and growth investments. To streamline financial reporting, SunPower has engaged a Silicon Valley financial consultant to unify legacy systems and has initiated a search for a new chief financial officer to accelerate SEC filing timelines.

SunPower expanded its commissioned salesforce to 1,977 representatives through acquisitions of Sunder, Ambia, and Purelight, while keeping full-time headcount flat at 847, driving record productivity of $445,000 in revenue per employee. In January, the company signed a joint development agreement with REC to commercialize a frameless bifacial panel, internally named Monolith, delivering 470 watts and targeting over 500 watts output. SunPower also executed a letter of intent to acquire Cobalt Power Systems, which will install Monolith panels on a 111 kW project at Fortinet’s Sunnyvale headquarters.