Filing Flows › SunPower (SPWR) › Q3 2025
SunPower (SPWR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Dec 19, 2025
SunPower (SPWR) reported revenue of $64.5M for the third quarter 2025 (Q3 2025), up 12-fold from a year earlier and -2% from the quarter before. Operating margin was -2.5%, net loss $13.7M (21.2% of revenue).
SunPower, Q3 2025: revenue $64.5M (12× year over year), operating margin -2.5%, net loss $13.7M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $64.5M | -2% | 12× |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$13.7M | — | — |
| Operating cash flow | −$6.2M | — | — |
What changed
Revenue was $64.5M in Q3 2025, up 1065% year over year and down 2% from the previous quarter.
Gross margin was 49.7%. Operating costs exceeded revenue by $1.6M, an operating margin of -2.5%. The fastest-growing cost line was Other operating costs (+67%). The quarter ended with a net loss of $13.7M, narrower than the previous quarter's $27.3M loss. Net interest and other expense of $11.0M was the main reason.
Operating cash flow was −$6.2M. Non-cash charges added back $600K of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $4.8M.
Questions
What was SunPower's revenue in the third quarter 2025?
SunPower (SPWR) reported revenue of $64.5M for the third quarter 2025 (Q3 2025), up 12-fold from a year earlier and -2% from the quarter before.
Was SunPower profitable in the third quarter 2025?
Operating loss was $1.6M (-2.5% of revenue) and net loss $13.7M.
Source: SunPower 10-Q on SEC EDGAR.