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Revenue Recognition and Contract Balances
 12 Months Ended
Dec. 28, 2025
Revenue Recognition and Contract Balances [Abstract]  
Revenue Recognition and Contract Balances

(4) Revenue Recognition and Contract Balances

 

Disaggregated revenue

 

All revenue is generated in the U.S. Revenue is disaggregated as follows (in thousands):

 

   Fiscal Year Ended 
   December 28,   December 29, 
   2025   2024 
Residential Solar Installation        
Revenue recognized over time  $160,987   $67,460 
Total Residential Solar Installation   160,987    67,460 
New Homes Business          
Revenue recognized over time   46,686    32,205 
Revenue recognized at a point in time   77,909    9,077 
Total New Homes Business   124,595    41,282 
Dealer          
Revenue recognized at a point in time   14,418    
—
 
Total Dealer   14,418    
—
 
Total revenue  $300,000   $108,742 
           
Total revenue recognized over time  $207,673   $99,665 
Total revenue recognized at a point in time   92,327    9,077 

Contract balances

 

Accounts receivable, contract assets and contract liabilities from contracts with customers are as follows (in thousands):

 

   As of 
   December 28,   December 29, 
   2025   2024 
Trade accounts receivable, net  $67,824   $25,842 
Contract assets:          
Contract assets, current  $14,122   $26,066 
Total contract assets  $14,122   $26,066 
Contract liabilities:          
Contract liabilities, current  $20,336   $10,003 
Contract liabilities, noncurrent   794    918 
Total contract liabilities  $21,130   $10,921 

  

The Company receives payments from customers based upon contractual payment terms. Accounts receivable are recorded in an amount that reflects the consideration that is expected to be received in exchange for those goods or services when the right to consideration becomes unconditional.

 

The increase in contract liabilities is primarily attributed to the acquisition of Sunder in fiscal year 2025.

 

Changes in the balances of contract assets in the fiscal years ended December 28, 2025 and December 29, 2024 were as follows (in thousands):

 

    Fiscal Year Ended  
Contract assets   December 28,     December 29,  
    2025     2024  
Contract assets, beginning of period   $ 26,066     $
—
  
Contract assets recognized     12,979       21,451  
Reclassifications to accounts receivable     (26,066 )    
—
  
Increase due to contract assets acquired in business combination     1,143       4,615  
Contract assets, end of period   $ 14,122     $ 26,066  

 

Changes in the balances of contract liabilities in the fiscal years ended December 28, 2025 and December 29, 2024 were as follows (in thousands):

 

   Fiscal Year Ended 
Contract liabilities  December 28,   December 29, 
   2025   2024 
Contract liabilities, beginning of period  $10,921   $3,478 
Increases due to billings or cash received in advance   6,750    2,642 
Revenue recognized from beginning balance of contract liabilities   (9,889)   (2,560)
Increase due to contract liabilities assumed in a business combination   13,348    7,361 
Contract liabilities, end of period  $21,130   $10,921 

 

Substantially all of the revenue recognized from the beginning balance of contract liabilities was recognized in the current year.