Maxeon Solar Technologies (MAXNQ) Gross Profit (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported Gross Profit of -$47.7 million for Q4 2024, down 38.29% on a YoY basis from -$77.2 million in Q1 2024, and up 73.39% quarter-over-quarter from -$179.1 million in Q3 2024.
Maxeon Solar Technologies (MAXNQ) Gross Profit (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported Gross Profit for 6 years, with the latest figure at -$47.7 million in Q4 2024.
- For the quarter ending Q4 2024, Gross Profit fell 38.29% year-over-year to -$47.7 million; the trailing twelve-month figure through Dec 2024 stood at -$249.4 million (down 419.29% YoY), and the FY2024 full-year result was -$249.4 million, down 419.29% from the prior year.
- Gross Profit for Q4 2024 stood at -$47.7 million, up from -$179.1 million in the prior quarter.
- The five-year high for Gross Profit was $56.2 million in Q3 2023, with the low at -$179.1 million in Q3 2024.
- Historically, Gross Profit has averaged -$12.9 million across 5 years, with a median of -$9.3 million in 2020.
- Annual changes were most pronounced in 2023 — Gross Profit soared 513.65% — and 2024, when it tumbled 6665.29%.
- Maxeon Solar Technologies' Gross Profit stood at -$12.3 million in 2020, then sank by 35.82% to -$16.7 million in 2021, then grew by 5.75% to -$15.7 million in 2022, then sank by 118.84% to -$34.5 million in 2023, then plunged by 38.29% to -$47.7 million in 2024.
- The last three Gross Profit figures came in at -$47.7 million (Q4 2024), -$179.1 million (Q3 2024), and -$7.8 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn |
| 10 | Maxeon Solar Technologies | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -47.66 Mn |
| Dec 31, 2024 | -47.66 Mn |
| Sep 29, 2024 | -179.10 Mn |
| Sep 29, 2024 | -179.10 Mn |
| Jun 30, 2024 | -7.79 Mn |
| Jun 30, 2024 | -7.79 Mn |
| Mar 31, 2024 | -14.87 Mn |
| Mar 31, 2024 | -14.87 Mn |
| Dec 31, 2023 | -34.46 Mn |
| Dec 31, 2023 | -34.46 Mn |
| Oct 1, 2023 | 2.73 Mn |
| Oct 1, 2023 | 2.73 Mn |
| Jul 2, 2023 | 56.22 Mn |
| Jul 2, 2023 | 56.22 Mn |
| Apr 2, 2023 | 53.63 Mn |
| Apr 2, 2023 | 53.63 Mn |
| Jan 1, 2023 | 20.09 Mn |
| Jan 1, 2023 | 20.09 Mn |
| Oct 2, 2022 | -15.75 Mn |
| Oct 2, 2022 | -15.75 Mn |