Is SunPower going out of business?

SunPower Inc. (SPWR) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

SunPower Inc. (SPWR) scores 20 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 70.06% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Critical

Under 1 mo of estimated runway from 2026-06-28, based on $4.1M of cash and short-term investments against $93.0M of annual burn. Adjusted shares outstanding increased 70.1% over the comparison year.

Business quality - Poor

-24.3% operating margin and -34.2% FCF margin produce a poor Business Quality assessment.

Trajectory - Mixed

Revenue improved 13.9%; operating margin improved 0.0pp; FCF margin weakened 7.3pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-88.6% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Shares dilution YoY: 70.06% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• Debt / Equity: Negative equity (balance sheet deficit; monitor solvency)
• Interest coverage: -7.2x
• Filing event risk: Going-Concern Warning (-8 pts)
• FCF margin: -34.21%
• ROE quality: 59.77%
• Asset Efficiency: 1.09x
• Net income trend: 130.75% (Loss narrowing)
• Revenue CAGR (3Y): 65.25%
• Gross margin (industrial): 45.50%
• Revenue growth YoY: -17.03% (Industrial YoY)
• Return on Assets: -6.28%

Read from filings through 2026-09-03.

Price as of 2026-09-11.