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Insufficient data to determine institutional momentum.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
No trend data available for this metric.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $300.0M 100.0% | $108.7M 100.0% | $87.6M 100.0% | $66.5M 100.0% | $68.8M 100.0% | $29.4M 100.0% |
| Cost of Revenue | $170.8M 56.9% | $69.2M 63.7% | $69.8M 79.7% | $46.6M 70.2% | $40.1M 58.3% | $17.1M 58.2% |
| Gross Profit | $129.2M 43.1% | $39.5M 36.3% | $17.8M 20.3% | $19.8M 29.8% | $28.7M 41.7% | $12.3M 41.8% |
| Selling, General & Admin | $90.1M 30.0% | $76.6M 70.4% | $32.1M 36.6% | $6.2M 9.3% | $5.2M 7.5% | $3.2M 10.8% |
| Total Operating Expenses | $156.1M 52.0% | $108.0M 99.3% | $70.1M 80.1% | $41.0M 61.7% | $36.0M 52.3% | $17.4M 59.2% |
| Operating Income | -$26.9M -9.0% | -$68.5M -63.0% | -$52.4M -59.8% | -$21.2M -31.8% | -$7.3M -10.6% | -$5.1M -17.4% |
| Interest Expense | $25.1M 8.4% | $16.2M 14.9% | $14.0M 16.0% | $5.0M 7.5% | $1.7M 2.5% | $523K 1.8% |
| Interest & Investment Income | $3K 0.0% | $19K 0.0% | $36K 0.0% | $5K 0.0% | $106K 0.2% | — |
| Other Income (Expense), net | -$15.7M -5.2% | $14.1M 12.9% | -$43.9M -50.1% | -$6.8M -10.3% | $8.9M 12.9% | -$41K -0.1% |
| Pretax Income | -$42.7M -14.2% | -$54.4M -50.1% | -$96.2M -109.8% | -$28.0M -42.1% | -$9.3M -13.5% | -$5.7M -19.3% |
| Income Tax Expense | $1.6M 0.5% | — | -$20K -0.0% | $27K 0.0% | $3K 0.0% | $3K 0.0% |
| Net Income | -$45.4M -15.1% | -$56.5M -51.9% | -$269.6M -307.7% | -$29.5M -44.3% | -$9.3M -13.5% | -$5.7M -19.3% |
| Per Share | ||||||
| EPS (Basic) | $-0.52 | $-0.85 | $-4.94 | $-1.31 | $-0.77 | $-0.58 |
| EPS (Diluted) | $-0.52 | $-1.22 | $-4.94 | $-1.31 | $-0.77 | $-0.58 |
| Weighted Avg Shares (Basic) | 87.1M | 66.7M | 24.7M | 22.5M | 12.0M | 9.8M |
| Weighted Avg Shares (Diluted) | 87.1M | 75.8M | 24.7M | 22.5M | 12.0M | 9.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81 · book equity (no price)
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 6 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -46%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 6 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~13.3% on $189M of debt.
Cash of $10M is below short-term debt of $24M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
No current price collected.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 58.2 | 58.3 | 70.2 | 79.7 | 63.7 | 56.9 |
| Gross Profit | 41.8 | 41.7 | 29.8 | 20.3 | 36.3 | 43.1 |
| SG&A | 10.8 | 7.5 | 9.3 | 36.6 | 70.4 | 30.0 |
| Operating Income | -17.4 | -10.6 | -31.8 | -59.8 | -63.0 | -9.0 |
| Income Tax | 0.0 | 0.0 | 0.0 | -0.0 | — | 0.5 |
| Net Income | -19.3 | -13.5 | -44.3 | -307.7 | -51.9 | -15.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SPWR: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.