Maxeon Solar Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022	Jan '21 Jan 3, 2021
Revenue	176.41	509.05	1,123	1,060	783.28	844.84
Revenue Growth (YoY)	-78.70%	-54.67%	5.94%	35.34%	-7.29%	-29.50%
Cost of Revenue	417.98	758.46	1,045	1,108	812.29	854.62
Gross Profit	-241.57	-249.41	78.12	-47.95	-29.01	-9.78
Selling, General & Admin	119.68	173.52	126.17	100.55	88.82	86.2
Research & Development	32.85	37.55	45.7	49.68	46.53	34.19
Other Operating Expenses	118.37	116.15	125.45	2.12	8.08	-
Total Operating Expenses	270.89	327.23	297.32	152.35	143.43	120.4
Operating Income	-512.46	-576.64	-219.21	-200.29	-172.45	-130.18
Interest Income	1.24	2.09	9.39	2.53	0.29	-
Interest Expense	-39.26	-45.37	-42.44	-30.34	-28.14	-31.86
Other Non-Operating Income (Expense)	11.4	23.3	-21.27	2.22	-38.77	36.35
Total Non-Operating Income (Expense)	-26.62	-19.98	-54.32	-25.59	-66.62	4.49
Pretax Income	-546.96	-596.62	-273.53	-225.88	-239.06	-125.69
Provision for Income Taxes	17.88	17.95	-0.63	32.19	0.2	12.13
Net Income	-565.38	-614.3	-275.83	-267.42	-254.52	-142.63
Minority Interest in Earnings	0.54	-0.27	0.12	0.28	-1.23	1.62
Net Income to Common	-565.38	-614.3	-275.83	-267.42	-254.52	-142.63
Shares Outstanding (Basic)	0	6	0	0	0	0
Shares Outstanding (Diluted)	2	6	0	0	0	0
Shares Change (YoY)	-17.74%	1279.10%	13.45%	9.19%	52.87%	15.22%
EPS (Basic)	-10.96	-96.00	-594.46	-653.85	-679.00	-582.00
EPS (Diluted)	-10.96	-96.00	-594.46	-653.85	-679.00	-582.00
Shares Outstanding	16.93	16.71	0.54	0.45	0.44	0.34
Free Cash Flow	-234.74	-322.31	-321.75	-59.9	-159.06	-216.85
Free Cash Flow Per Share	-139.42	-50.37	-693.42	-146.45	-424.65	-885.03
Gross Margin	-136.93%	-49.00%	6.96%	-4.52%	-3.70%	-1.16%
Operating Margin	-290.49%	-113.28%	-19.52%	-18.89%	-22.02%	-15.41%
Profit Margin	-320.18%	-120.73%	-24.55%	-25.20%	-32.65%	-16.69%
FCF Margin	-133.06%	-63.32%	-28.65%	-5.65%	-20.31%	-25.67%
EBITDA	-487.65	-533.18	-163.33	-143.55	-130.24	-82.85
EBITDA Margin	-276.42%	-104.74%	-14.54%	-13.54%	-16.63%	-9.81%
EBIT	-512.46	-576.64	-219.21	-200.29	-172.45	-130.18
EBIT Margin	-290.49%	-113.28%	-19.52%	-18.89%	-22.02%	-15.41%
Effective Tax Rate	-3.27%	-3.01%	0.23%	-14.25%	-0.08%	-9.65%

Updated Aug 14, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q