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
DateValue
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