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	Sep '25 Sep 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	859.01	509.05	1,123	1,060	783.28	844.84
Revenue Growth (YoY)	24.67%	-54.67%	5.94%	35.34%	-7.29%	-29.50%
Cost of Revenue	96.47	758.46	1,045	1,108	812.29	854.62
Gross Profit	762.54	-249.41	78.12	-47.95	-29.01	-9.78
Selling, General & Admin	47.19	173.52	126.17	100.55	88.82	86.2
Research & Development	9.27	37.55	45.7	49.68	46.53	34.19
Other Operating Expenses	7.21	116.15	125.45	2.12	8.08	-
Total Operating Expenses	63.67	327.23	297.32	152.35	143.43	120.4
Operating Income	698.87	-576.64	-219.21	-200.29	-172.45	-130.18
Interest Income	0.37	2.09	9.39	2.53	0.29	-
Interest Expense	-9.06	-45.37	-42.44	-30.34	-28.14	-31.86
Other Non-Operating Income (Expense)	8.8	23.3	-24.08	-6.85	-55.25	33.15
Total Non-Operating Income (Expense)	0.11	-19.98	-54.32	-25.59	-66.62	4.49
Pretax Income	698.98	-596.62	-273.53	-225.88	-239.06	-125.69
Provision for Income Taxes	6.01	17.95	-0.63	32.19	0.2	12.13
Net Income	692.82	-614.3	-275.83	-267.42	-254.52	-142.63
Minority Interest in Earnings	-0.15	0.27	-0.12	-0.28	1.23	-1.62
Net Income to Common	692.82	-614.3	-275.83	-267.42	-254.52	-142.63
Shares Outstanding (Basic)	16	6	0	0	0	0
Shares Outstanding (Diluted)	16	6	0	0	0	0
Shares Change (YoY)	-93.03%	1279.10%	13.39%	9.25%	52.87%	15.22%
EPS (Basic)	42.53	-96.00	-594.62	-653.53	-679.50	-582.12
EPS (Diluted)	42.53	-96.00	-594.62	-653.53	-679.50	-582.12
Free Cash Flow	-	-322.31	-321.75	-59.9	-159.06	-216.85
Free Cash Flow Per Share	-	-50.37	-693.42	-146.38	-424.65	-885.03
Gross Margin	-5.55%	-49.00%	6.96%	-4.52%	-3.70%	-1.16%
Operating Margin	-12.96%	-113.28%	-19.52%	-18.89%	-22.02%	-15.41%
Profit Margin	-12.32%	-120.73%	-24.55%	-25.20%	-32.65%	-16.69%
FCF Margin	-	-63.32%	-28.65%	-5.65%	-20.31%	-25.67%
EBITDA	-111.33	-533.18	-163.33	-143.55	-130.24	-82.85
EBITDA Margin	-12.96%	-104.74%	-14.54%	-13.54%	-16.63%	-9.81%
EBIT	698.87	-576.64	-219.21	-200.29	-172.45	-130.18
EBIT Margin	-12.96%	-113.28%	-19.52%	-18.89%	-22.02%	-15.41%
Effective Tax Rate	-5.41%	-3.01%	0.23%	-14.25%	-0.08%	-9.65%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q