Maxeon Solar Technologies, Ltd. (MAXN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Sales/Revenue | 19.52M | 19.52M | 48.81M | 88.56M | 184.22M | 187.46M | 228.78M | 227.63M | 348.37M | 318.33M | 323.5M | 275.45M | 238.08M | 223.08M | 221.48M | 220.49M | 175.9M | 165.42M | 245.56M | 206.62M |
| Revenue Growth % | -89.4% | -89.59% | -78.66% | -61.09% | -47.12% | -41.11% | -29.28% | -17.36% | 46.33% | 42.7% | 46.06% | 24.93% | 35.35% | 34.86% | -9.81% | 6.71% | 6.6% | -27.33% | -33.29% | - |
| Cost of Goods Sold | 27.17M | 27.17M | 96.47M | 267.66M | 192M | 202.33M | 263.24M | 224.9M | 292.15M | 264.71M | 288.25M | 291.2M | 277.4M | 236.04M | 232.02M | 237.2M | 178.71M | 164.37M | 238.25M | 218.92M |
| COGS % of Revenue | 139.21% | 139.21% | 197.63% | 302.24% | 104.23% | 107.93% | 115.06% | 98.8% | 83.86% | 83.15% | 89.1% | 105.72% | 116.52% | 105.81% | 104.76% | 107.58% | 101.6% | 99.36% | 97.02% | 105.95% |
| Gross Profit | -7.65M | -7.65M | -47.66M | -179.1M | -7.79M | -14.87M | -34.46M | 2.73M | 56.22M | 53.63M | 35.26M | -15.75M | -39.32M | -12.96M | -10.54M | -16.71M | -2.81M | 1.05M | 7.31M | -12.3M |
| Gross Margin % | -39.21% | -39.21% | -97.63% | -202.24% | -4.23% | -7.93% | -15.06% | 1.2% | 16.14% | 16.85% | 10.9% | -5.72% | -16.52% | -5.81% | -4.76% | -7.58% | -1.6% | 0.64% | 2.98% | -5.95% |
| Gross Profit Growth % | 1.69% | 48.53% | -38.29% | -6665.29% | -113.85% | -127.73% | -197.74% | 117.32% | 242.97% | 513.65% | 434.35% | 5.75% | -1298.44% | -1333.49% | -244.2% | -35.82% | 64.96% | -67.48% | -73.51% | - |
| Operating Expenses | 26.75M | 26.75M | 63.67M | 153.22M | 61.74M | 45.62M | 38.86M | 43.4M | 47.5M | 41.92M | 53.21M | 17.51M | 33.94M | 37.65M | 34.97M | 31.13M | 32.91M | 36.35M | 32.81M | 26.85M |
| OpEx % of Revenue | 137.05% | 137.05% | 130.44% | 173.01% | 33.51% | 24.33% | 16.99% | 19.07% | 13.64% | 13.17% | 16.45% | 6.36% | 14.25% | 16.88% | 15.79% | 14.12% | 18.71% | 21.97% | 13.36% | 13% |
| Selling, General & Admin | 17.1M | 17.1M | 31.99M | 38.3M | 52.31M | 35.72M | 28.88M | 31.77M | 34.49M | 32.53M | 26.13M | 29.14M | 21.52M | 23.75M | 24.27M | 18.49M | 22.74M | 23.32M | 24.05M | 17.03M |
| SG&A % of Revenue | 87.58% | 87.58% | 65.54% | 43.24% | 28.4% | 19.05% | 12.62% | 13.96% | 9.9% | 10.22% | 8.08% | 10.58% | 9.04% | 10.65% | 10.96% | 8.39% | 12.93% | 14.1% | 9.79% | 8.24% |
| Research & Development | 7.31M | 7.31M | 9.27M | 8.96M | 9.43M | 9.9M | 9.99M | 11.63M | 13.01M | 11.08M | 11.4M | 11.97M | 12.42M | 13.89M | 10.7M | 12.63M | 10.16M | 13.03M | 8.76M | 9.82M |
| R&D % of Revenue | 37.44% | 37.44% | 18.98% | 10.12% | 5.12% | 5.28% | 4.37% | 5.11% | 3.74% | 3.48% | 3.53% | 4.34% | 5.22% | 6.23% | 4.83% | 5.73% | 5.78% | 7.88% | 3.57% | 4.75% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | 0 | 0 | -151K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -34.41M | -34.41M | -111.33M | -332.32M | -69.53M | -63.54M | -175.47M | -63.83M | 8.39M | 11.7M | -17.95M | -56.86M | -73.26M | -50.37M | -46.06M | -49.35M | -40.88M | -36.16M | -25.49M | -39.16M |
| Operating Margin % | -176.26% | -176.26% | -228.07% | -375.25% | -37.74% | -33.9% | -76.7% | -28.04% | 2.41% | 3.68% | -5.55% | -20.64% | -30.77% | -22.58% | -20.8% | -22.38% | -23.24% | -21.86% | -10.38% | -18.95% |
| Operating Income Growth % | 50.51% | 45.85% | 36.55% | -420.6% | -928.37% | -642.88% | -877.43% | -12.27% | 111.46% | 123.23% | 61.03% | -15.22% | -79.2% | -39.32% | -80.7% | -26% | -13.74% | -22.23% | -135.1% | - |
| EBITDA | -33.17M | -33.17M | -105.03M | -316.27M | -58.97M | -52.98M | -163.17M | -49.3M | 22.98M | 26.16M | -3.47M | -42.96M | -57.88M | -37.39M | -33.95M | -38.28M | -31.14M | -26.86M | -16.39M | -29.32M |
| EBITDA Margin % | -169.94% | -169.94% | -215.16% | -357.13% | -32.01% | -28.26% | -71.32% | -21.66% | 6.6% | 8.22% | -1.07% | -15.6% | -24.31% | -16.76% | -15.33% | -17.36% | -17.7% | -16.24% | -6.67% | -14.19% |
| EBITDA Growth % | 43.74% | 37.39% | 35.63% | -541.51% | -356.56% | -302.57% | -4598.16% | -14.75% | 139.71% | 169.96% | 89.77% | -12.23% | -85.9% | -39.17% | -107.19% | -30.58% | -40.08% | -80.03% | -636.86% | - |
| D&A (Non-Cash Add-back) | 1.23M | 1.23M | 6.3M | 16.05M | 10.56M | 10.56M | 12.3M | 14.53M | 14.59M | 14.45M | 14.48M | 13.89M | 15.38M | 12.99M | 12.12M | 11.07M | 9.75M | 9.29M | 9.11M | 9.85M |
| EBIT | -32.06M | -32.06M | -102.15M | -362.63M | 24.92M | -69.45M | -159.71M | -98.01M | 15.11M | 11.52M | -2.28M | -29.68M | -77M | -50.52M | -56.64M | -60.09M | -67.78M | -26.71M | 18.95M | -50.71M |
| Net Interest Income | -8.77M | -8.77M | -8.69M | -11.78M | -10.11M | -8.74M | -714K | -10.46M | -8.9M | -9M | -8.27M | -8.82M | -5.68M | -4.79M | -6.51M | -6.67M | -7.05M | -7.61M | -8.13M | -11.51M |
| Interest Income | 0 | 0 | 374K | 386K | 514K | 813K | 0 | 0 | 2.17M | 1.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 8.77M | 8.77M | 9.06M | 12.17M | 10.62M | 9.55M | 714K | 10.46M | 11.07M | 10.8M | 8.27M | 8.82M | 5.68M | 4.79M | 6.51M | 6.67M | 7.05M | 7.61M | 8.13M | 11.51M |
| Other Income/Expense | 3.94M | 3.94M | 109K | -42.49M | 83.82M | -15.46M | -20.77M | -44.64M | -4.35M | 14.7M | -29.72M | 14.78M | -7.66M | -4.94M | -17.09M | -17.41M | -33.95M | 1.83M | 33.7M | -23M |
| Pretax Income | -30.47M | -30.47M | -111.22M | -374.81M | 14.3M | -79M | -196.24M | -108.47M | 4.04M | 26.4M | -47.68M | -42.08M | -82.69M | -55.31M | -63.15M | -66.76M | -74.83M | -34.32M | 8.21M | -62.16M |
| Pretax Margin % | -156.08% | -156.08% | -227.84% | -423.22% | 7.76% | -42.14% | -85.78% | -47.65% | 1.16% | 8.29% | -14.74% | -15.28% | -34.73% | -24.79% | -28.51% | -30.28% | -42.55% | -20.75% | 3.34% | -30.09% |
| Income Tax | 2.17M | 2.17M | -5.39M | 18.93M | 3.21M | 1.2M | -9.95M | -2.55M | 5.89M | 5.98M | 28.03M | 2.4M | 937K | 825K | -1.02M | 174K | -1.22M | 2.26M | 4.74M | 5.04M |
| Effective Tax Rate % | -7.13% | -7.13% | 4.84% | -5.05% | 22.47% | -1.52% | 5.07% | 2.35% | 145.87% | 22.66% | -58.79% | -5.7% | -1.13% | -1.49% | 1.61% | -0.26% | 1.63% | -6.59% | 57.68% | -8.11% |
| Net Income | -32.73M | -32.73M | -105.98M | -393.94M | 11.66M | -80.15M | -186.33M | -108.26M | -1.51M | 20.27M | -75.7M | -44.69M | -87.92M | -56.14M | -73.33M | -65.36M | -77.01M | -38.81M | 3.46M | -67.75M |
| Net Margin % | -167.66% | -167.66% | -217.11% | -444.83% | 6.33% | -42.76% | -81.45% | -47.56% | -0.43% | 6.37% | -23.4% | -16.22% | -36.93% | -25.16% | -33.11% | -29.64% | -43.78% | -23.46% | 1.41% | -32.79% |
| Net Income Growth % | -380.6% | 59.16% | 43.13% | -263.9% | 872.96% | -495.38% | -146.14% | -142.23% | 98.28% | 136.11% | -3.23% | 31.63% | -14.17% | -44.63% | -2220.65% | 3.53% | -65.31% | -22.25% | 110.79% | - |
| Net Income (Continuing) | -32.64M | -32.64M | -105.83M | -393.73M | 11.09M | -80.2M | -186.29M | -108.38M | -1.46M | 20.42M | -75.71M | -44.48M | -87.77M | -59.2M | -73.59M | -66.01M | -77.42M | -38.72M | 3.48M | -67.21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 5.81M | 5.81M | 5.48M | 5.33M | 5.12M | 5.7M | 5.75M | 5.71M | 5.83M | 5.78M | 5.63M | 5.64M | 5.42M | 5.27M | 5.42M | 5.68M | 6.33M | 6.74M | 6.64M | 6.63M |
| EPS (Diluted) | -1.95 | -1.95 | -3.15 | -11.70 | 0.35 | -1.59 | -3.45 | -2.21 | -0.03 | 0.38 | -1.84 | -1.09 | -2.15 | -1.38 | -1.81 | -1.62 | -1.99 | -1.14 | 0.14 | -2.74 |
| EPS Growth % | -657.14% | -22.64% | 8.7% | -429.41% | 1147.9% | -518.42% | -87.5% | -102.75% | 98.45% | 127.54% | -1.66% | 32.72% | -8.04% | -21.05% | -1392.86% | 40.88% | 9.13% | -6.54% | 112.96% | - |
| EPS (Basic) | -1.95 | -1.95 | -12.73 | -47.31 | 3.00 | -1.59 | -3.45 | -2.21 | -0.03 | 46.00 | -183.62 | -1.09 | -2.15 | -1.38 | -1.81 | -1.62 | -1.99 | -1.14 | 0.14 | -2.74 |
| Diluted Shares Outstanding | 16.81M | 16.81M | 33.66M | 33.66M | 33.66M | 50.5M | 53.96M | 48.92M | 45.16M | 53.07M | 41.23M | 40.95M | 40.85M | 40.65M | 40.44M | 40.42M | 38.64M | 34.12M | 24.5M | 24.77M |
| Basic Shares Outstanding | 16.81M | 16.81M | 8.33M | 8.33M | 3.89M | 50.5M | 53.96M | 48.92M | 45.16M | 440.67K | 41.23M | 40.95M | 40.85M | 40.65M | 40.44M | 40.35M | 38.64M | 34.05M | 24.5M | 24.73M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |