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.