Maxeon Solar Technologies (MAXN) Tax Provisions (2019 - 2024)
Maxeon Solar Technologies posted quarterly Tax Provisions of $5.4 million for Q4 2024, up 153.88% year-on-year from $2.1 million in Q1 2024, and up 128.47% on a QoQ basis from -$18.9 million in Q3 2024.
Maxeon Solar Technologies (MAXN) has 6 years of Tax Provisions data on file, last reported at $5.4 million in Q4 2024.
- For the quarter ending Q4 2024, Tax Provisions rose 153.88% year-over-year to $5.4 million; the trailing twelve-month figure through Dec 2024 stood at -$9.1 million (up 52.79% YoY), and the FY2024 full-year result was -$18.0 million, down 2967.73% from the prior year.
- Tax Provisions for Q4 2024 stood at $5.4 million, up from -$18.9 million in the prior quarter.
- Across five years, Tax Provisions topped out at $28.0 million in Q1 2023 and bottomed at -$18.9 million in Q3 2024.
- The 5-year median for Tax Provisions is -$825000.0 (2022), against an average of -$79000.0.
- The widest annual swing landed in 2022, when Tax Provisions sank 1478.74%; it then surged 2858.86% in 2023.
- A 5-year view of Tax Provisions shows it stood at -$1.9 million in 2020, then soared by 109.26% to $174000.0 in 2021, then tumbled by 1478.74% to -$2.4 million in 2022, then sank by 316.84% to -$10.0 million in 2023, then jumped by 153.88% to $5.4 million in 2024.
- The last three Tax Provisions figures came in at $5.4 million (Q4 2024), -$18.9 million (Q3 2024), and $3.2 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 7.72 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 9.03 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 4.18 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -6.45 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 1.29 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 7.07 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -89,000.00 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 2.10 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 54.98 Mn |
| 10 | Maxeon Solar Technologies | 13,137.80 | -17.21 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 5.39 Mn |
| Sep 29, 2024 | -18.93 Mn |
| Jun 30, 2024 | 3.21 Mn |
| Mar 31, 2024 | 1.20 Mn |
| Dec 31, 2023 | -10.00 Mn |
| Oct 1, 2023 | 2.55 Mn |
| Jul 2, 2023 | -5.89 Mn |
| Apr 2, 2023 | -5.98 Mn |
| Jan 1, 2023 | 28.03 Mn |
| Oct 2, 2022 | -2.40 Mn |
| Jul 3, 2022 | -937,000.00 |
| Apr 3, 2022 | -825,000.00 |
| Jan 2, 2022 | -1.02 Mn |
| Oct 3, 2021 | 174,000.00 |
| Jul 4, 2021 | 1.22 Mn |
| Jan 3, 2021 | 4.74 Mn |
| Jun 28, 2020 | -1.88 Mn |
| Dec 29, 2019 | -2.95 Mn |
| Jun 30, 2019 | -2.60 Mn |