Revenue Recognition and Contract Balances (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 29, 2026 |
Dec. 28, 2025 |
| Revenue Recognition and Contract Balances [Abstract] |
|
|
| Schedule of Disaggregation of Revenue |
Refer
to the table below for the Company’s revenue recognized (in thousands):
| |
|
Thirteen
Weeks
Ended |
|
| |
|
March
29,
2026 |
|
|
March
30,
2025 |
|
| Residential Solar Installation |
|
|
|
|
|
|
| Revenue
recognized over time |
|
$ |
31,537 |
|
|
$ |
36,504 |
|
| Total
Residential Solar Installation |
|
|
31,537 |
|
|
|
36,504 |
|
| |
|
|
|
|
|
|
|
|
| New Homes
Business |
|
|
|
|
|
|
|
|
| Revenue
recognized over time |
|
|
10,106 |
|
|
|
15,466 |
|
| Revenue
recognized at a point in time |
|
|
4,523 |
|
|
|
26,443 |
|
| Total
New Homes Business |
|
|
14,629 |
|
|
|
41,909 |
|
| |
|
|
|
|
|
|
|
|
| Dealer |
|
|
|
|
|
|
|
|
| Revenue
recognized at a point in time |
|
|
26,627 |
|
|
|
— |
|
| Total
Dealer |
|
|
26,627 |
|
|
|
— |
|
| Total
revenue |
|
$ |
72,793 |
|
|
$ |
78,413 |
|
| |
|
|
|
|
|
|
|
|
| Total revenue
recognized over time |
|
$ |
41,642 |
|
|
$ |
51,970 |
|
| Total revenue
recognized at a point in time |
|
|
31,151 |
|
|
|
26,443 |
|
|
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 |
|
|
| Schedule of Contract Liabilities |
Contract
liabilities consist of the following (in thousands):
| |
|
As
of |
|
| |
|
March
29, |
|
|
December 28, |
|
| |
|
2026 |
|
|
2025 |
|
| Contract liabilities: |
|
|
|
|
|
|
| Contract
liabilities, current |
|
$ |
12,634 |
|
|
$ |
20,336 |
|
| Contract
liabilities, noncurrent |
|
|
794 |
|
|
|
794 |
|
| Total
contract liabilities |
|
$ |
13,428 |
|
|
$ |
21,130 |
|
|
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 |
|
|
| Schedule of Changes in Contract Assets and Liabilities |
|
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 |
|
|