Maxeon Solar Technologies (MAXNQ) Interest Expenses (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported Interest Expenses of -$9.1 million for Q4 2024, up 10.28% on a YoY basis from -$8.2 million in Q1 2024, and up 25.53% quarter-over-quarter from -$12.2 million in Q3 2024.
Maxeon Solar Technologies (MAXNQ) Interest Expenses (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported Interest Expenses for 6 years, with the latest figure at -$9.1 million in Q4 2024.
- For the quarter ending Q4 2024, Interest Expenses rose 10.28% year-over-year to -$9.1 million; the trailing twelve-month figure through Jun 2025 stood at -$31.9 million (up 21.81% YoY), and the FY2024 full-year result was -$45.4 million, down 6.9% from the prior year.
- Interest Expenses for Q4 2024 stood at -$9.1 million, up from -$12.2 million in the prior quarter.
- The five-year high for Interest Expenses was -$6.3 million in Q2 2020, with the low at -$12.2 million in Q3 2024.
- Historically, Interest Expenses has averaged -$9.7 million across 5 years, with a median of -$10.1 million in 2023.
- Annual changes were most pronounced in 2021 — Interest Expenses dropped 19.83% — and 2024, when it grew 11.56%.
- Maxeon Solar Technologies' Interest Expenses stood at -$6.3 million in 2020, then slipped by 28.63% to -$8.1 million in 2021, then decreased by 8.54% to -$8.8 million in 2022, then slipped by 14.51% to -$10.1 million in 2023, then grew by 10.28% to -$9.1 million in 2024.
- The last three Interest Expenses figures came in at -$9.1 million (Q4 2024), -$12.2 million (Q3 2024), and -$10.6 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 7.62 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 633,000.00 |
| 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 | 2.90 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 5.56 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 | 1,000.00 |
| 10 | Maxeon Solar Technologies | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -9.06 Mn |
| Dec 31, 2024 | -9.06 Mn |
| Sep 29, 2024 | -12.17 Mn |
| Sep 29, 2024 | -12.17 Mn |
| Jun 30, 2024 | -10.62 Mn |
| Jun 30, 2024 | -10.62 Mn |
| Mar 31, 2024 | -9.55 Mn |
| Mar 31, 2024 | -9.55 Mn |
| Dec 31, 2023 | -10.10 Mn |
| Dec 31, 2023 | -10.10 Mn |
| Oct 1, 2023 | -10.46 Mn |
| Oct 1, 2023 | -10.46 Mn |
| Jul 2, 2023 | -11.07 Mn |
| Jul 2, 2023 | -11.07 Mn |
| Apr 2, 2023 | -10.80 Mn |
| Apr 2, 2023 | -10.80 Mn |
| Oct 2, 2022 | -8.82 Mn |
| Oct 2, 2022 | -8.82 Mn |
| Jan 3, 2021 | -8.13 Mn |
| Jan 3, 2021 | -8.13 Mn |