Filing Flows › SunPower (SPWR) › Q4 2024
SunPower (SPWR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 30, 2025
SunPower (SPWR) reported revenue of $88.7M for the fourth quarter 2024 (Q4 2024), +328% from a year earlier and up 16-fold from the quarter before. Operating margin was -24.2%, net earnings $47.0M (53.0% of revenue).
SunPower, Q4 2024: revenue $88.7M (+328% year over year), operating margin -24.2%, net earnings $47.0M, operating cash flow −$25.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $88.7M | 16× | +328% |
| Operating profit | −$21.5M | — | — |
| Net earnings | $47.0M | — | — |
| Operating cash flow | −$25.6M | — | — |
What changed
Revenue was $88.7M in Q4 2024, up 328% year over year and up 1502% from the previous quarter.
Gross margin was 46.5%, up 33.6 points from a year earlier. Operating costs exceeded revenue by $21.5M, an operating margin of -24.2%. Operating expenses grew 235% against revenue growth of 328%. The fastest-growing cost line was General & admin (+412%). Net earnings were $47.0M. The effective tax rate was 0.0%. Non-operating items added $68.5M, 146% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$25.6M. Non-cash charges added back $1.7M of depreciation and amortization. Working capital and other items used $74.3M.
Questions
What was SunPower's revenue in the fourth quarter 2024?
SunPower (SPWR) reported revenue of $88.7M for the fourth quarter 2024 (Q4 2024), +328% from a year earlier and up 16-fold from the quarter before.
Was SunPower profitable in the fourth quarter 2024?
Operating loss was $21.5M (-24.2% of revenue) and net earnings $47.0M.
Source: SunPower 10-K on SEC EDGAR.