XML 61 R43.htm IDEA: XBRL DOCUMENT
v3.26.1

Segment Information (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 29, 2026 | Dec. 28, 2025
Segment Information [Abstract] |  |
Schedule of Information by Segment | The table below presents information by segment (in thousands):
|  | Thirteen Weeks Ended March 29, 2026 |
(in thousands) |  | Residential Solar Installation |  |  | New Homes Business |  |  | Dealer |  |  | Total |
Operating revenues |  | $ | 31,541 |  |  | $ | 14,625 |  |  | $ | 26,627 |  |  | $ | 72,793 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues (1) |  |  | 18,011 |  |  |  | 9,961 |  |  |  | 134 |  |  |  |  |
Sales commissions |  |  | 6,553 |  |  |  | 1,166 |  |  |  | 20,845 |  |  |  |  |
Sales and marketing |  |  | 3,539 |  |  |  | 876 |  |  |  | 578 |  |  |  |  |
General and administrative (1) |  |  | 15,833 |  |  |  | 11,545 |  |  |  | 2,947 |  |  |  |  |
Segment operating income (loss) |  |  | (12,395 | ) |  |  | (8,923 | ) |  |  | 2,123 |  |  |  | (19,195 | )
Reconciliation of segment income (loss) from operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,924 | )
Other non-operating income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 30,761 |
Loss from operations before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,642 |
(1) | Depreciation and amortization expense in the thirteen week period ended March 29, 2026 was as follows (in millions):
|  | Residential Solar Installation |  |  | New Homes Business |  |  | Dealer |  |  | Total |
Depreciation and amortization classified in: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | $ | 0.5 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.6 |
General and administrative |  |  | 1.8 |  |  |  | 0.3 |  |  |  | 0.9 |  |  |  | 3.0 |
Total |  | $ | 2.3 |  |  | $ | 0.3 |  |  | $ | 1.0 |  |  | $ | 3.6 |
|  | Thirteen Weeks Ended March 30, 2025 |
(in thousands) |  | Residential Solar Installation |  |  | New Homes Business |  |  | Dealer |  |  | Total |
Operating revenues |  | $ | 36,504 |  |  | $ | 41,909 |  |  | $ | — |  |  | $ | 78,413 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues (1) |  |  | 22,615 |  |  |  | 28,422 |  |  |  | — |  |  |  |  |
Sales commissions |  |  | 6,667 |  |  |  | 1,017 |  |  |  | — |  |  |  |  |
Sales and marketing |  |  | 8,522 |  |  |  | — |  |  |  | — |  |  |  |  |
General and administrative (1) |  |  | 10,440 |  |  |  | 4,456 |  |  |  | — |  |  |  |  |
Segment operating income (loss) |  |  | (11,740 | ) |  |  | 8,014 |  |  |  | — |  |  |  | (3,726 | )
Reconciliation of segment income (loss) from operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,041 | )
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |
Other non-operating income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14,576 |
Loss from operations before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,812 |
(1) | Depreciation and amortization expense in the thirteen week period ended March 30, 2025 was as follows (in millions):
|  | Residential Solar Installation |  |  | New Homes Business |  |  | Dealer |  |  | Total |
Depreciation and amortization classified in: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | $ | 0.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.4 |
General and administrative |  |  | 1.0 |  |  |  | 0.2 |  |  |  | — |  |  |  | 1.2 |
Total |  | $ | 1.4 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 1.6 |
Schedule of Financial Performance through Reportable Segments |  |
|  | Fiscal Year Ended December 28, 2025 |
(in thousands) |  | Residential Solar Installation |  |  | New Homes Business |  |  | Dealer |  |  | Total |
Operating revenues |  | $ | 160,987 |  |  | $ | 124,595 |  |  | $ | 14,418 |  |  | $ | 300,000 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues (1) |  |  | 88,400 |  |  |  | 82,288 |  |  |  | 100 |  |  |  |  |
Sales commissions |  |  | 26,298 |  |  |  | 5,032 |  |  |  | 5,679 |  |  |  |  |
Sales and marketing |  |  | 25,154 |  |  |  | 3,253 |  |  |  | 623 |  |  |  |  |
General and administrative (1) |  |  | 58,597 |  |  |  | 29,648 |  |  |  | 1,859 |  |  |  |  |
Segment operating income (loss) |  |  | (37,462 | ) |  |  | 4,374 |  |  |  | 6,157 |  |  |  | (26,931 | )
Reconciliation of segment income (loss) from continuing operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (25,095 | )
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |
Other non-operating income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,347 |
Loss from continuing operations before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (42,676 | )
(1) | For the year ended December 28, 2025, depreciation and amortization expense was as follows
(in millions) |  | Residential Solar Installation |  |  | New Homes Business |  |  | Dealer |  |  | Total |
Depreciation and amortization classified in: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | $ | 2.0 |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 2.2 |
General and administrative |  |  | 5.3 |  |  |  | 0.8 |  |  |  | 0.9 |  |  |  | 7.0 |
Total |  | $ | 7.3 |  |  | $ | 0.9 |  |  | $ | 1.0 |  |  | $ | 9.2 |
|  | Fiscal Year Ended December 29, 2024 |
(in thousands) |  | Residential Solar Installation |  |  | New Homes Business |  |  | Total |
Operating revenues |  | $ | 67,460 |  |  | $ | 41,282 |  |  | $ | 108,742 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  |  | 45,266 |  |  |  | 23,974 |  |  |  |  |
Sales commissions |  |  | 23,388 |  |  |  | 1,202 |  |  |  |  |
Sales and marketing |  |  | 6,827 |  |  |  | — |  |  |  |  |
General and administrative(1) |  |  | 57,641 |  |  |  | 18,953 |  |  |  |  |
Segment operating (loss) |  |  | (65,662 | ) |  |  | (2,847 | ) |  |  | (68,509 | )
Reconciliation of segment loss from continuing operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  | (16,223 | )
Interest income |  |  |  |  |  |  |  |  |  |  | 19 |
Other non-operating income, net |  |  |  |  |  |  |  |  |  |  | 7,932 |
Gain on troubled debt restructuring |  |  |  |  |  |  |  |  |  |  | 22,337 |
Loss from continuing operations before taxes |  |  |  |  |  |  |  |  |  | $ | (54,444 | )
(1) | For the year ended December 29, 2024, depreciation and amortization expense was $2.6 million and $0.1 million for the Residential Solar Installation and New Homes Business reportable segments, respectively.
(2) | General corporate expense represents costs primarily legacy costs that were not expected to be ongoing subsequent to the acquisition of the SunPower Businesses.

X
- Definition Tabular disclosure of reconciliation of profit (loss) by reportable segment to consolidated profit (loss). Includes, but is not limited to, reconciliation of income (loss) before income tax expense (benefit) and after income tax if income tax is allocated to reportable segment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration