v3.26.1
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Dec. 28, 2025
Dec. 29, 2024
Income Statement [Abstract]        
Revenues $ 72,793 $ 78,413 $ 300,000 $ 108,742
Cost of revenues 28,106 [1] 51,037 [1] 170,788 [2] 69,240 [2]
Gross profit 44,687 27,376 129,212 39,502
Operating expenses:        
Sales commissions 28,564 7,684 37,009 24,590
Sales and marketing 4,993 8,522 29,030 6,827
General and administrative 30,325 14,896 90,104 76,594
Total operating expenses 63,882 31,102 156,143 108,011
Loss from operations (19,195) (3,726) (26,931) (68,509)
Interest expense (6,924) [3] (6,041) [3] (25,095) [4] (16,223) [4]
Interest income 3 3 19
Other non-operating income, net 30,761 [5] 14,576 [5] 9,347 [6] 7,932 [6]
Gain on troubled debt restructuring [7]     22,337
Total other income, net 23,837 8,538 (15,745) 14,065
Income from operations before income taxes 4,642 4,812 (42,676) (54,444)
Income tax (provision) 608 (1,578)
Net loss from continuing operations     (44,254) (54,444)
Net loss from discontinued operations, net of taxes     (1,100) (2,007)
Net income (loss) 5,250 4,812 (45,354) (56,451)
Other comprehensive income    
Comprehensive income (net of tax) $ 5,250 $ 4,812 $ (45,354) $ (56,451)
Net loss from continuing operations per share attributable to common stockholders, basic (in Dollars per share)     $ (0.51) $ (0.82)
Net loss from discontinued operations per share attributable to common stockholders, basic (in Dollars per share)     (0.01) (0.03)
Net loss from continuing operations per share attributable to common stockholders, diluted (in Dollars per share)     (0.51) (1.19)
Net loss from discontinued operations per share attributable to common stockholders, diluted (in Dollars per share)     (0.01) (0.03)
Net income per share attributable to common stockholders        
Basic (in Dollars per share) $ 0.04 $ 0.06 (0.52) (0.85)
Diluted (in Dollars per share) $ 0 $ 0.02 $ (0.52) $ (1.22)
Weighted-average shares used to compute net income per share attributable to common stockholders        
Basic (in Shares) 124,279,055 80,209,585 87,108,928 66,655,837
Diluted (in Shares) 163,787,402 112,302,063 87,108,928 75,793,548
[1] Cost of revenue with SameDay Solar, a related party, was $0.5 million and $0.2 million in the thirteen weeks ended March 29, 2026 and March 30, 2025, respectively. Refer to Note 17 – Related Party Transactions for details.
[2] The Company identified SameDay Solar as a related party beginning in fiscal 2024. Cost of revenue paid to SameDay Solar totaled $1.0 million and $0.6 million in the fiscal years ended December 28, 2025 and December 29, 2024, respectively. Refer to Note 19 – Related Party Transactions for details.
[3] Includes related party interest expense and amortization of debt issuance costs of $2.3 million and $1.4 million in the thirteen weeks ended March 29, 2026 and March 30, 2025, respectively.
[4] Includes interest expense and amortization of debt issuance costs due to related parties of $5.7 million and $7.6 million in the fiscal years ended December 28, 2025 and December 29, 2024, respectively. Refer to Note 10 – Borrowings and Derivative Liabilities for details.
[5] Includes the following related party transactions (in millions):
[6] Includes the following related party transactions (in millions):
[7] Gain includes $12.5 million with a related party in the fiscal year ended December 29, 2024. Refer to Note 10 – Borrowings and Derivative Liabilities for details.