SunPower (SPWR) Operating Expenses (2021 - 2026)

For the trailing twelve months through Jun 28, 2026, Operating Expenses at SunPower was $204.63 million, up 33.4% year-over-year; for FY2025, it came in at $156.14 million, up 44.6% from FY2024.

• Annual Operating Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 677.5% (FY2020 to FY2025).
• In prior years, SunPower's Operating Expenses was $108.01 million in FY2024 (+54.0%), $70.15 million in FY2023 (+71.2%), $40.99 million in FY2022 (+983.7%) and $3.78 million in FY2021.
• Quarterly Operating Expenses has run from a low of $353,484 in Q3 2021 to a high of $63.88 million in Q1 2026 over five years.
• On a year-over-year basis, Operating Expenses increased in seven of the last eight quarters, with growth averaging 119.9%.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q1 2024, with growth of 506.5%; the weakest was Q4 2025, with a decline of 6.5%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $63.88 million (Q1 2026), $58.68 million (Q4 2025) and $33.65 million (Q3 2025).