Filing Flows › SunPower (SPWR) › Q4 2025
SunPower (SPWR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 14, 2026
SunPower (SPWR) reported revenue of $91.0M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +41% from the quarter before. Operating margin was -13.9%, net loss $9.1M (10.0% of revenue).
SunPower, Q4 2025: revenue $91.0M (+3% year over year), operating margin -13.9%, net loss $9.1M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $91.0M | +41% | +3% |
| Operating profit | −$12.7M | — | — |
| Net earnings | −$9.1M | — | -119% |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $91.0M in Q4 2025, up 3% year over year and up 41% from the previous quarter.
Gross margin was 50.6%, up 4.0 points from Q4 2024. Operating costs exceeded revenue by $12.7M, an operating margin of -13.9%. Operating expenses fell 7% while revenue rose 3%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $9.1M, narrower than the previous quarter's $13.7M loss. Non-operating items added $5.1M, -68% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.1M. Non-cash charges added back $5.5M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $1.1M.
Questions
What was SunPower's revenue in the fourth quarter 2025?
SunPower (SPWR) reported revenue of $91.0M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +41% from the quarter before.
Was SunPower profitable in the fourth quarter 2025?
Operating loss was $12.7M (-13.9% of revenue) and net loss $9.1M.
Source: SunPower 10-K on SEC EDGAR.