What is CSLM Acquisition's operating income?

CSLM Acquisition's total operating income in 2025 was -$26.93 million, based on the following breakdown: Total Gross Profit: $129.21 million Total Operating Expenses: $156.14 million

CSLM Acquisition (SPWR) Financials

$0.30 +0.05 (+18.21%)

As of 08/21/2026 04:00 PM Eastern

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Annual Income Statements for CSLM Acquisition

This table shows CSLM Acquisition's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/29/2024	12/28/2025
Net Income / (Loss) Attributable to Common Shareholders	5.13	-31	-295	-56	-45
Consolidated Net Income / (Loss)	5.13	-29	-270	-56	-45
Net Income / (Loss) Continuing Operations	5.13	-28	-96	-54	-44
Total Pre-Tax Income	5.13	-28	-96	-54	-43
Total Operating Income	-3.78	-21	-52	-69	-27
Total Gross Profit	0.00	20	18	40	129
Total Revenue	0.00	66	88	109	300
Operating Revenue	-	66	88	109	300
Total Cost of Revenue	0.00	47	70	69	171
Operating Cost of Revenue	-	47	70	69	171
Total Operating Expenses	3.78	41	70	108	156
Selling, General & Admin Expense	3.78	35	63	101	127
Marketing Expense	-	6.16	6.92	6.83	29
Total Other Income / (Expense), net	8.91	-6.84	-44	14	-16
Interest Expense	-	4.99	14	-6.11	25
Interest & Investment Income	0.11	0.01	0.04	0.02	0.00
Other Income / (Expense), net	8.80	-1.86	-30	7.93	9.35
Income Tax Expense	-	0.03	-0.02	0.00	1.58
Net Income / (Loss) Discontinued Operations	-	-2.91	-199	-2.01	-1.10
Basic Earnings per Share	$0.28	($1.31)	($4.94)	($0.85)	($0.52)
Weighted Average Basic Shares Outstanding	37.27M	22.52M	24.72M	66.66M	87.11M
Diluted Earnings per Share	-	-	($4.94)	($1.22)	($0.52)
Weighted Average Diluted Shares Outstanding	0.00	43.13M	24.72M	75.79M	87.11M

This table shows CSLM Acquisition's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026	6/28/2026
Net Income / (Loss) Attributable to Common Shareholders	-33	-9.59	-16	-78	47	4.81	-27	-14	-14	5.25	6.89
Consolidated Net Income / (Loss)	-28	-9.59	-16	-78	47	4.81	-27	-14	-14	5.25	6.89
Net Income / (Loss) Continuing Operations	-23	-9.59	-14	-78	47	4.81	-27	-13	-14	5.25	6.89
Total Pre-Tax Income	-23	-9.59	-14	-78	47	4.81	-27	-13	-13	4.64	6.89
Total Operating Income	-16	-7.54	-9.49	-30	-22	-3.73	-8.92	-1.60	-22	-19	-23
Total Gross Profit	2.69	2.28	-0.89	-3.16	41	27	24	32	28	45	25
Total Revenue	21	10	4.49	5.54	89	78	66	64	80	73	55
Operating Revenue	21	10	4.49	5.54	89	78	66	64	80	73	55
Total Cost of Revenue	18	7.76	5.38	8.69	47	51	42	32	51	28	30
Operating Cost of Revenue	18	7.76	5.38	8.69	47	51	42	32	51	28	30
Total Operating Expenses	19	9.83	8.60	27	63	31	33	34	50	64	48
Selling, General & Admin Expense	17	8.21	7.55	26	60	23	26	28	41	59	45
Marketing Expense	1.70	1.62	1.05	1.09	3.07	8.52	7.16	5.82	8.91	4.99	3.40
Total Other Income / (Expense), net	-6.71	-2.04	-4.38	-48	68	8.54	-18	-11	9.23	24	30
Interest Expense	5.16	3.57	2.32	-18	5.60	6.04	6.37	6.74	1.84	6.92	8.47
Interest & Investment Income	0.01	0.01	0.01	0.09	-0.08	0.00	0.00	0.00	-	0.00	0.00
Other Income / (Expense), net	-1.56	1.52	-2.07	-66	74	15	-12	-4.26	11	31	39
Income Tax Expense	-0.02	0.00	0.01	0.00	-0.01	0.00	0.00	0.00	1.58	-0.61	0.00
Basic Earnings per Share	$1.60	($0.20)	($0.26)	($1.03)	$0.64	$0.06	($0.34)	($0.15)	($0.15)	$0.04	$0.05
Weighted Average Basic Shares Outstanding	24.72M	49.08M	61.11M	75.35M	66.66M	80.21M	81.18M	84.59M	87.11M	124.28M	149.42M
Diluted Earnings per Share	-	($0.20)	($0.26)	($1.03)	$0.27	$0.02	($0.34)	($0.15)	($0.05)	$0.00	$0.00
Weighted Average Diluted Shares Outstanding	24.72M	49.08M	61.11M	75.35M	75.79M	112.30M	81.18M	84.59M	87.11M	163.79M	185.22M
Weighted Average Basic & Diluted Shares Outstanding	49.10M	49.10M	63.61M	73.77M	0.00	80.27M	83.11M	107.62M	0.00	146.30M	208.80M

This table details how cash moves in and out of CSLM Acquisition's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/29/2024	12/28/2025
Net Change in Cash & Equivalents	0.28	5.84	-2.02	3.48	-3.76
Net Cash From Operating Activities	-2.04	-32	-59	-55	-15
Net Cash From Continuing Operating Activities	-2.04	-25	-59	-62	-15
Net Income / (Loss) Continuing Operations	5.13	-28	-96	-54	-44
Consolidated Net Income / (Loss)	5.13	-29	-270	-56	-45
Net Income / (Loss) Discontinued Operations	-	-1.45	-173	-2.01	-1.10
Depreciation Expense	-	0.65	0.93	2.74	9.13
Amortization Expense	-	-	0.00	5.84	15
Non-Cash Adjustments To Reconcile Net Income	0.47	9.45	53	3.09	26
Changes in Operating Assets and Liabilities, net	-7.64	-11	-17	-19	-22
Net Cash From Investing Activities	-345	3.34	6.17	-55	-19
Net Cash From Continuing Investing Activities	-345	3.34	6.17	-55	-19
Purchase of Property, Plant & Equipment	-	0.00	-0.04	-1.16	0.00
Acquisitions	-	3.34	-1.94	-54	-19
Net Cash From Financing Activities	347	31	50	120	31
Net Cash From Continuing Financing Activities	347	31	50	120	31
Repayment of Debt	-0.09	-10	-9.80	-0.30	-2.36
Issuance of Debt	0.00	43	35	114	27
Issuance of Common Equity	348	0.00	0.00	6.69	6.74
Other Financing Activities, net	-	0.13	25	-0.02	-0.48
Cash Interest Paid	-	0.16	2.15	0.08	7.73
Cash Income Taxes Paid	-	-0.01	0.00	0.01	0.00

This table details how cash moves in and out of CSLM Acquisition's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026	6/28/2026
Net Change in Cash & Equivalents	0.88	-0.76	-0.00	78	-73	-2.83	0.57	-6.05	4.55	-2.84	-5.41
Net Cash From Operating Activities	-12	-4.95	-2.69	-21	-26	-2.63	-4.42	-6.20	-1.92	-26	-27
Net Cash From Continuing Operating Activities	-12	-4.95	-2.69	-21	-33	-2.63	-4.42	-6.20	-1.92	-26	-27
Net Income / (Loss) Continuing Operations	-23	-9.59	-14	-78	47	4.81	-27	-21	-14	5.25	6.89
Consolidated Net Income / (Loss)	-28	-9.59	-16	-78	47	4.81	-27	-22	-14	5.25	6.89
Depreciation Expense	0.31	0.36	0.33	0.31	1.75	1.58	1.42	1.29	4.83	3.61	3.16
Amortization Expense	-	0.00	-	1.36	4.48	3.66	3.99	2.51	1.08	3.67	3.97
Non-Cash Adjustments To Reconcile Net Income	18	3.14	8.43	19	-28	-8.75	-8.83	35	9.51	3.18	9.52
Changes in Operating Assets and Liabilities, net	-4.51	1.15	2.44	36	-59	-3.93	26	-24	-3.19	-41	-50
Net Cash From Financing Activities	4.85	4.73	3.03	99	13	-0.20	5.00	21	5.12	22	21
Net Cash From Continuing Financing Activities	2.43	4.73	3.03	99	13	-0.20	5.00	21	5.12	22	21
Repayment of Debt	-0.15	-0.30	-	-	-	0.00	5.00	-2.36	-2.16	3.92	-15
Issuance of Debt	-	5.00	1.00	95	13	0.20	-	25	2.00	12	35
Issuance of Common Equity	-2.39	-	-	-	0.55	0.00	-	-	5.06	6.99	2.06
Other Financing Activities, net	4.98	0.03	2.03	-1.57	-0.51	-0.40	-0.01	-3.29	0.21	-0.66	-0.71
Cash Interest Paid	0.55	0.00	-	-	0.08	1.39	0.06	6.21	-2.08	5.26	0.46

This table presents CSLM Acquisition's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/29/2024	12/28/2025
Total Assets	0.13	346	228	47	144	241
Total Current Assets	0.13	1.00	55	38	96	113
Cash & Equivalents	0.00	0.28	4.41	2.59	13	9.62
Accounts Receivable	-	-	28	26	52	82
Inventories, net	-	-	13	3.06	22	4.38
Prepaid Expenses	0.00	0.72	10	5.82	8.21	17
Plant, Property, & Equipment, net	0.00	0.00	3.48	4.32	5.49	4.89
Total Noncurrent Assets	0.00	345	169	5.26	43	119
Goodwill	-	-	-	0.00	18	63
Intangible Assets	-	-	-	0.00	17	51
Other Noncurrent Operating Assets	0.00	345	7.42	5.26	7.51	5.37
Total Liabilities & Shareholders' Equity	0.13	346	228	47	144	241
Total Liabilities	0.11	23	123	124	242	331
Total Current Liabilities	0.11	2.58	60	109	79	155
Short-Term Debt	-	0.00	20	62	0.00	24
Accounts Payable	0.11	2.58	34	41	64	83
Current Deferred Revenue	-	-	5.41	2.42	10	22
Other Current Liabilities	-	-	0.00	3.83	3.88	59
Total Noncurrent Liabilities	0.00	21	63	15	163	141
Long-Term Debt	-	-	44	0.00	146	120
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	1.30
Other Noncurrent Operating Liabilities	0.00	8.49	19	14	16	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.02	-22	105	-77	-98	-90
Total Preferred & Common Equity	0.02	-22	105	-77	-98	-90
Total Common Equity	0.02	-22	105	-77	-98	-90
Common Stock	0.03	0.00	191	278	314	366
Retained Earnings	-0.01	-22	-85	-355	-411	-457
Accumulated Other Comprehensive Income / (Loss)	-	-	0.03	0.14	0.17	0.17

This table presents CSLM Acquisition's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	10/1/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025	6/29/2025	9/28/2025	3/29/2026	6/28/2026
Total Assets	72	41	33	108	143	149	199	262	250
Total Current Assets	50	31	24	102	96	104	106	122	114
Cash & Equivalents	1.66	1.79	1.84	80	11	11	5.07	9.49	4.08
Accounts Receivable	26	21	13	8.48	25	27	73	81	69
Inventories, net	13	2.77	2.03	0.61	11	4.66	8.57	4.10	3.26
Prepaid Expenses	9.95	5.78	7.14	13	13	9.12	20	28	38
Plant, Property, & Equipment, net	4.19	4.50	4.46	0.59	4.63	3.81	3.67	4.56	3.67
Total Noncurrent Assets	14	5.08	4.92	0.15	42	41	89	136	131
Goodwill	-	-	-	-	18	18	42	76	76
Intangible Assets	-	-	-	-	17	16	39	52	49
Other Noncurrent Operating Assets	14	5.08	4.92	0.15	7.21	7.17	7.45	8.08	5.70
Total Liabilities & Shareholders' Equity	72	41	33	108	143	149	199	262	250
Total Liabilities	123	126	125	251	235	262	316	324	276
Total Current Liabilities	107	117	113	42	87	98	119	172	139
Short-Term Debt	57	65	68	4.27	5.79	4.29	2.79	38	17
Accounts Payable	41	35	37	34	66	76	77	98	93
Current Deferred Revenue	2.42	2.01	1.25	1.09	13	15	13	17	11
Other Current Liabilities	6.59	14	7.65	1.90	2.05	2.30	4.30	50	53
Total Noncurrent Liabilities	15	8.89	12	209	149	165	218	120	101
Long-Term Debt	0.00	-	-	198	132	147	174	100	85
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	1.69	1.69
Other Noncurrent Operating Liabilities	14	7.84	11	10	16	17	43	18	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-51	-85	-92	-143	-92	-114	-118	-61	-26
Total Preferred & Common Equity	-51	-85	-92	-143	-92	-114	-118	-61	-26
Total Common Equity	-51	-85	-92	-143	-92	-114	-118	-61	-26
Common Stock	276	279	288	315	314	320	330	390	418
Retained Earnings	-327	-365	-380	-458	-407	-434	-448	-451	-445
Accumulated Other Comprehensive Income / (Loss)	0.05	0.10	0.17	0.17	0.17	0.17	0.17	0.17	0.17

This table displays calculated financial ratios and metrics derived from CSLM Acquisition's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/29/2024	12/28/2025
DEI Shares Outstanding	43,125,000.00	43,125,000.00	43,176,577.00	43,176,577.00	43,176,577.00
DEI Adjusted Shares Outstanding	43,125,000.00	43,125,000.00	43,176,577.00	43,176,577.00	43,176,577.00
DEI Earnings Per Adjusted Shares Outstanding	0.12	-0.72	-6.84	-1.31	-1.05
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	0.00%	31.80%	24.11%	175.88%
EBITDA Growth	0.00%	-545.29%	-263.44%	36.03%	113.24%
EBIT Growth	0.00%	-558.20%	-257.25%	26.32%	70.97%
NOPAT Growth	0.00%	-291.59%	-147.47%	-30.85%	60.69%
Net Income Growth	0.00%	-674.75%	-814.46%	79.06%	19.66%
EPS Growth	0.00%	0.00%	0.00%	75.30%	57.38%
Operating Cash Flow Growth	0.00%	-1,444.00%	-85.99%	6.74%	71.96%
Free Cash Flow Firm Growth	0.00%	0.00%	-105.18%	-544.94%	77.14%
Invested Capital Growth	0.00%	-98.95%	-615.16%	308.45%	12.16%
Revenue Q/Q Growth	0.00%	442.21%	-27.65%	166.54%	0.30%
EBITDA Q/Q Growth	0.00%	-1,177.86%	5.84%	59.44%	-89.45%
EBIT Q/Q Growth	0.00%	-1,214.88%	5.65%	53.71%	-140.99%
NOPAT Q/Q Growth	0.00%	-164.77%	-0.25%	-8.64%	36.23%
Net Income Q/Q Growth	0.00%	-1,325.45%	0.37%	56.94%	-389.08%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-271.43%
Operating Cash Flow Q/Q Growth	0.00%	-82.14%	4.35%	-34.10%	60.50%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-105.39%	-432.80%	78.54%
Invested Capital Q/Q Growth	0.00%	-98.97%	-1,986.50%	251.07%	-25.47%
Profitability Metrics	-	-	-	-	-
Gross Margin	0.00%	29.83%	20.30%	36.33%	43.07%
EBITDA Margin	0.00%	-33.65%	-92.78%	-47.82%	2.29%
Operating Margin	0.00%	-31.83%	-59.76%	-63.00%	-8.98%
EBIT Margin	0.00%	-34.62%	-93.84%	-55.71%	-5.86%
Profit (Net Income) Margin	0.00%	-44.34%	-307.66%	-51.91%	-15.12%
Tax Burden Percent	100.00%	105.29%	280.15%	103.69%	106.28%
Interest Burden Percent	102.10%	121.64%	117.02%	89.88%	242.70%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-9.08%	0.00%	-506.27%	-48.80%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	19.63%	0.00%	-515.06%	-68.81%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-4.68%	0.00%	571.02%	97.13%
Return on Equity (ROE)	3.17%	-13.76%	-1,893.74%	64.76%	48.33%
Cash Return on Invested Capital (CROIC)	0.00%	186.76%	0.00%	-279.67%	-60.27%
Operating Return on Assets (OROA)	0.00%	-8.01%	-59.69%	-63.17%	-9.12%
Return on Assets (ROA)	0.00%	-10.26%	-195.68%	-58.87%	-23.52%
Return on Common Equity (ROCE)	-0.22%	-2.68%	-1,893.74%	64.76%	48.33%
Return on Equity Simple (ROE_SIMPLE)	-23.39%	-28.00%	350.92%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.78	-15	-37	-48	-19
NOPAT Margin	0.00%	-22.28%	-41.83%	-44.10%	-6.28%
Net Nonoperating Expense Percent (NNEP)	3,210.10%	-28.71%	-1,094.84%	8.79%	20.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-	246.37%	-99.30%	-34.72%
Cost of Revenue to Revenue	0.00%	70.17%	79.70%	63.67%	56.93%
SG&A Expenses to Revenue	0.00%	52.39%	72.16%	93.05%	42.37%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	61.65%	80.06%	99.33%	52.05%
Earnings before Interest and Taxes (EBIT)	5.02	-23	-82	-61	-18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.02	-22	-81	-52	6.88
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	4.14	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	4.14	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	6.55	0.45	1.26	0.47
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	146.18	0.00	7.40	6.76
Enterprise Value to Revenue (EV/Rev)	0.00	7.46	1.13	2.48	0.92
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	40.09
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.63	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.61	-0.81	-1.50	-1.60
Long-Term Debt to Equity	0.00	0.42	0.00	-1.50	-1.33
Financial Leverage	0.00	-0.24	-1.49	-1.11	-1.41
Leverage Ratio	1.07	1.34	9.68	-1.10	-2.05
Compound Leverage Factor	1.09	1.63	11.33	-0.99	-4.99
Debt to Total Capital	0.00%	38.01%	-416.36%	301.98%	266.01%
Short-Term Debt to Total Capital	0.00%	12.01%	-416.36%	0.00%	44.72%
Long-Term Debt to Total Capital	0.00%	26.00%	0.00%	301.98%	221.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	106.79%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-6.79%	61.99%	516.36%	-201.98%	-166.01%
Debt to EBITDA	0.00	-2.89	-0.76	-2.80	20.99
Net Debt to EBITDA	0.00	-2.69	-0.73	-2.55	19.59
Long-Term Debt to EBITDA	0.00	-1.97	0.00	-2.80	17.46
Debt to NOPAT	0.00	-4.36	-1.69	-3.04	-7.66
Net Debt to NOPAT	0.00	-4.06	-1.62	-2.76	-7.15
Long-Term Debt to NOPAT	0.00	-2.98	0.00	-3.04	-6.37
Altman Z-Score	0.00	1.54	-16.00	-4.14	-1.60
Noncontrolling Interest Sharing Ratio	106.78%	80.54%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.39	0.92	0.35	1.20	0.73
Quick Ratio	0.11	0.53	0.26	0.82	0.59
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	305	-16	-102	-23
Operating Cash Flow to CapEx	0.00%	0.00%	-167,462.86%	-4,724.46%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	61.09	-1.13	0.00	-0.93
Operating Cash Flow to Interest Expense	0.00	-6.32	-4.18	0.00	-0.61
Operating Cash Flow Less CapEx to Interest Expense	0.00	-6.32	-4.18	0.00	-0.61
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.23	0.64	1.13	1.56
Accounts Receivable Turnover	0.00	0.00	3.25	2.78	4.48
Inventory Turnover	0.00	0.00	8.67	5.50	12.90
Fixed Asset Turnover	0.00	0.00	22.49	22.17	57.79
Accounts Payable Turnover	0.00	2.53	1.85	1.32	2.32
Days Sales Outstanding (DSO)	0.00	0.00	112.48	131.22	81.43
Days Inventory Outstanding (DIO)	0.00	0.00	42.12	66.34	28.30
Days Payable Outstanding (DPO)	0.00	144.30	196.79	276.89	157.38
Cash Conversion Cycle (CCC)	0.00	-144.30	-42.19	-79.33	-47.65
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	323	3.39	-17	36	41
Invested Capital Turnover	0.00	0.41	-12.45	11.48	7.77
Increase / (Decrease) in Invested Capital	0.00	-319	-21	54	4.43
Enterprise Value (EV)	0.00	496	99	270	276
Market Capitalization	0.00	436	40	137	141
Book Value per Share	($0.51)	$2.44	($1.58)	($1.46)	($1.03)
Tangible Book Value per Share	($0.51)	$2.44	($1.58)	($2.00)	($2.34)
Total Capital	323	170	-15	48	54
Total Debt	0.00	65	62	146	144
Total Long-Term Debt	0.00	44	0.00	146	120
Net Debt	-0.28	60	59	132	135
Capital Expenditures (CapEx)	0.00	0.00	0.04	1.16	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.86	11	-12	2.78	-27
Debt-free Net Working Capital (DFNWC)	-1.58	16	-9.50	16	-18
Net Working Capital (NWC)	-1.58	-4.86	-71	16	-42
Net Nonoperating Expense (NNE)	-8.91	15	233	8.49	27
Net Nonoperating Obligations (NNO)	-0.28	-102	59	134	131
Total Depreciation and Amortization (D&A)	0.00	0.65	0.93	8.58	24
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	16.75%	-13.80%	2.56%	-9.04%
Debt-free Net Working Capital to Revenue	0.00%	23.38%	-10.84%	14.86%	-5.83%
Net Working Capital to Revenue	0.00%	-7.31%	-81.53%	14.86%	-13.93%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.28	($4.94)	($0.85)	($0.52)
Adjusted Weighted Average Basic Shares Outstanding	43.13M	43.13M	24.72M	66.66M	87.11M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.22)	($0.52)
Adjusted Weighted Average Diluted Shares Outstanding	43.13M	43.13M	49.10M	75.79M	87.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	43.13M	49.10M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-2.65	-15	-37	-48	-19
Normalized NOPAT Margin	0.00%	-22.28%	-41.83%	-44.10%	-6.28%
Pre Tax Income Margin	0.00%	-42.12%	-109.82%	-50.07%	-14.23%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	-4.62	-5.86	0.00	-0.70
NOPAT to Interest Expense	0.00	-2.97	-2.61	0.00	-0.75
EBIT Less CapEx to Interest Expense	0.00	-4.62	-5.86	0.00	-0.70
NOPAT Less CapEx to Interest Expense	0.00	-2.97	-2.61	0.00	-0.75
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	11.41%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from CSLM Acquisition's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026	6/28/2026
DEI Shares Outstanding	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00
DEI Adjusted Shares Outstanding	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00	43,176,577.00
DEI Earnings Per Adjusted Shares Outstanding	-0.75	-0.22	-0.37	-1.81	1.09	0.11	-0.63	-0.32	-0.33	0.12	0.16
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-61.77%	-39.80%	-82.47%	-77.49%	327.78%	681.01%	1,371.84%	1,064.87%	-10.09%	-7.17%	-17.03%
EBITDA Growth	22.57%	52.44%	-250.62%	-92.35%	440.27%	383.84%	-38.47%	97.82%	-108.19%	17.16%	244.61%
EBIT Growth	21.84%	50.23%	-238.30%	-94.89%	398.98%	280.08%	-81.31%	93.88%	-120.39%	6.60%	173.28%
NOPAT Growth	-0.81%	39.27%	25.84%	-170.54%	-91.36%	29.44%	6.04%	94.67%	29.01%	-482.64%	-275.61%
Net Income Growth	3.50%	59.22%	-38.09%	62.32%	269.95%	150.19%	-72.00%	82.44%	-130.12%	9.10%	125.22%
EPS Growth	0.00%	0.00%	0.00%	80.19%	0.00%	110.00%	-30.77%	85.44%	-118.52%	-100.00%	100.00%
Operating Cash Flow Growth	18.62%	69.62%	74.47%	-6.61%	-119.32%	46.89%	-64.36%	71.13%	92.48%	-876.63%	-499.66%
Free Cash Flow Firm Growth	-96.88%	-43.13%	-43.84%	-98.74%	-883.55%	-150.00%	-148.20%	-2,075.42%	73.87%	10.49%	-16.94%
Invested Capital Growth	-615.16%	-120.83%	-125.31%	-2,703.02%	308.45%	260.60%	202.06%	327.36%	12.16%	92.43%	170.27%
Revenue Q/Q Growth	-15.70%	-51.57%	-55.26%	23.24%	1,501.77%	-11.57%	-15.68%	-2.46%	23.64%	-8.70%	-24.64%
EBITDA Q/Q Growth	64.58%	67.25%	-98.20%	-736.64%	162.66%	-72.68%	-196.69%	86.82%	-135.25%	490.65%	19.35%
EBIT Q/Q Growth	64.11%	65.80%	-91.92%	-727.24%	155.06%	-79.40%	-293.23%	72.09%	-83.53%	207.69%	32.84%
NOPAT Q/Q Growth	-44.93%	53.01%	-25.85%	-215.67%	-2.51%	82.67%	-67.60%	82.11%	-1,266.60%	-42.19%	-8.05%
Net Income Q/Q Growth	86.64%	65.32%	-65.77%	-390.49%	160.27%	-89.76%	-668.10%	49.92%	-3.40%	137.09%	31.31%
EPS Q/Q Growth	0.00%	0.00%	-30.00%	-296.15%	126.21%	-92.59%	-1,800.00%	55.88%	66.67%	100.00%	0.00%
Operating Cash Flow Q/Q Growth	42.16%	57.55%	45.59%	-697.99%	-18.99%	89.72%	-68.37%	-40.15%	69.01%	-1,235.55%	-3.38%
Free Cash Flow Firm Q/Q Growth	-97.01%	1,150.87%	0.76%	-96.66%	-1,961.00%	20.18%	2.86%	-36.91%	75.39%	-173.46%	-26.90%
Invested Capital Q/Q Growth	-1,986.50%	-23.99%	-19.29%	6.71%	251.07%	-4.47%	-24.20%	107.83%	-25.47%	63.90%	6.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.97%	22.74%	-19.86%	-57.03%	46.54%	34.91%	35.97%	49.71%	35.46%	61.39%	45.50%
EBITDA Margin	-83.49%	-56.45%	-250.09%	-1,697.76%	66.41%	20.52%	-23.53%	-3.18%	-6.05%	25.89%	41.01%
Operating Margin	-77.45%	-75.14%	-211.35%	-541.37%	-24.25%	-4.75%	-13.49%	-2.47%	-27.36%	-26.37%	-42.76%
EBIT Margin	-84.98%	-60.01%	-257.41%	-1,727.85%	59.39%	13.84%	-31.71%	-9.07%	-13.47%	15.89%	28.01%
Profit (Net Income) Margin	-133.38%	-95.50%	-353.83%	-1,408.20%	52.99%	6.14%	-41.35%	-21.23%	-17.75%	7.21%	12.57%
Tax Burden Percent	121.44%	100.01%	114.53%	100.00%	100.02%	100.00%	100.00%	108.74%	112.55%	113.10%	100.00%
Interest Burden Percent	129.25%	159.12%	120.01%	81.50%	89.20%	44.35%	130.39%	215.14%	117.10%	40.13%	44.87%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	-0.02%	0.00%	0.00%	0.00%	0.00%	-13.10%	0.00%
Return on Invested Capital (ROIC)	0.00%	-103.49%	-232.29%	0.00%	-278.42%	-128.23%	-8,493.15%	-33.76%	-148.72%	-172.60%	-247.98%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-116.51%	-258.86%	0.00%	-207.55%	-119.25%	-8,513.60%	-42.40%	-147.88%	-151.49%	-222.43%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-476.69%	-2,723.21%	0.00%	230.10%	128.09%	8,535.59%	47.40%	208.75%	251.82%	377.59%
Return on Equity (ROE)	-1,893.74%	-580.18%	-2,955.50%	135.50%	-48.32%	-0.14%	42.44%	13.64%	60.03%	79.21%	129.62%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-279.67%	-292.44%	-368.20%	-197.92%	-60.27%	-121.57%	-173.61%
Operating Return on Assets (OROA)	-54.05%	-61.72%	-203.02%	-783.43%	67.35%	26.63%	-83.17%	-17.70%	-20.96%	23.08%	39.76%
Return on Assets (ROA)	-84.84%	-98.22%	-279.06%	-638.50%	60.09%	11.81%	-108.45%	-41.40%	-27.62%	10.48%	17.84%
Return on Common Equity (ROCE)	-1,893.74%	3,603.09%	49,911.64%	135.50%	-48.32%	-0.14%	42.44%	13.64%	60.03%	79.21%	129.62%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-11	-5.28	-6.65	-21	-22	-3.73	-6.24	-1.12	-15	-22	-23
NOPAT Margin	-54.22%	-52.60%	-147.95%	-378.96%	-24.25%	-4.75%	-9.45%	-1.73%	-19.15%	-29.82%	-42.76%
Net Nonoperating Expense Percent (NNEP)	-77.14%	13.02%	26.57%	66.91%	-70.87%	-8.97%	20.46%	8.64%	-0.84%	-21.12%	-25.55%
Return On Investment Capital (ROIC_SIMPLE)	75.55%	26.57%	27.69%	-35.41%	-44.53%	-8.23%	-16.66%	-1.88%	-28.12%	-28.40%	-30.67%
Cost of Revenue to Revenue	87.03%	77.26%	119.86%	157.03%	53.46%	65.09%	64.03%	50.29%	64.54%	38.61%	54.50%
SG&A Expenses to Revenue	82.20%	81.76%	168.10%	464.60%	67.33%	28.80%	38.63%	43.16%	51.64%	80.90%	82.05%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	90.42%	97.88%	191.50%	484.34%	70.79%	39.66%	49.47%	52.18%	62.81%	87.76%	88.26%
Earnings before Interest and Taxes (EBIT)	-18	-6.03	-12	-96	53	11	-21	-5.85	-11	12	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-17	-5.67	-11	-94	59	16	-16	-2.05	-4.83	19	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.45	0.36	1.14	5.41	1.26	0.98	0.59	0.50	0.47	0.70	0.41
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.54	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.48%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	7.40	8.62	10.64	5.87	6.76	4.98	3.02
Enterprise Value to Revenue (EV/Rev)	1.13	1.15	2.25	8.32	2.48	1.69	1.17	1.08	0.92	1.13	0.76
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.93	40.09	34.54	4.52
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.50	0.00	0.00	11.07
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.01	1.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-0.81	-0.77	-0.74	-1.42	-1.50	-1.49	-1.33	-1.50	-1.60	-2.24	-3.91
Long-Term Debt to Equity	0.00	0.00	0.00	-1.39	-1.50	-1.43	-1.29	-1.48	-1.33	-1.63	-3.25
Financial Leverage	-1.49	4.09	10.52	-0.88	-1.11	-1.07	-1.00	-1.12	-1.41	-1.66	-1.70
Leverage Ratio	9.68	9.74	22.93	-0.93	-1.10	-1.04	-0.89	-1.18	-2.05	-2.64	-2.85
Compound Leverage Factor	12.51	15.50	27.52	-0.76	-0.98	-0.46	-1.15	-2.53	-2.41	-1.06	-1.28
Debt to Total Capital	-416.36%	-328.09%	-283.24%	340.90%	301.98%	303.58%	403.23%	298.16%	266.01%	180.41%	134.35%
Short-Term Debt to Total Capital	-416.36%	-328.09%	-281.38%	7.21%	0.00%	12.78%	11.43%	4.69%	44.72%	49.75%	22.82%
Long-Term Debt to Total Capital	0.00%	0.00%	-1.85%	333.69%	301.98%	290.80%	391.80%	293.46%	221.28%	130.66%	111.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	516.36%	428.09%	383.24%	-240.90%	-201.98%	-203.58%	-303.23%	-198.16%	-166.01%	-80.41%	-34.35%
Debt to EBITDA	-0.76	-0.87	-0.82	-1.58	-2.80	-4.54	-4.37	2.71	20.99	14.30	2.15
Net Debt to EBITDA	-0.73	-0.85	-0.80	-0.93	-2.55	-4.19	-4.05	2.64	19.59	13.31	2.07
Long-Term Debt to EBITDA	0.00	0.00	-0.01	-1.54	-2.80	-4.35	-4.25	2.67	17.46	10.35	1.79
Debt to NOPAT	-1.69	-1.96	-2.20	-4.57	-3.04	-3.03	-3.37	-5.99	-7.66	-4.65	-2.58
Net Debt to NOPAT	-1.62	-1.91	-2.14	-2.69	-2.76	-2.80	-3.12	-5.82	-7.15	-4.33	-2.48
Long-Term Debt to NOPAT	0.00	0.00	-0.01	-4.48	-3.04	-2.91	-3.27	-5.89	-6.37	-3.36	-2.14
Altman Z-Score	-11.50	-13.38	-18.18	-7.29	-1.56	-1.97	-2.57	-1.54	-1.51	-0.99	-1.02
Noncontrolling Interest Sharing Ratio	0.00%	721.03%	1,788.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.35	0.27	0.21	2.46	1.20	1.11	1.07	0.89	0.73	0.71	0.82
Quick Ratio	0.26	0.19	0.13	2.11	0.82	0.41	0.40	0.65	0.59	0.52	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9.62	120	121	4.05	-75	-60	-58	-80	-20	-54	-68
Operating Cash Flow to CapEx	-194,166.67%	-922.76%	-775.50%	-13,337.89%	-22,611.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	1.86	33.73	52.18	0.00	-13.45	-9.96	-9.17	-11.88	-10.72	-7.78	-8.07
Operating Cash Flow to Interest Expense	-2.26	-1.39	-1.16	0.00	-4.56	-0.43	-0.69	-0.92	-1.05	-3.71	-3.13
Operating Cash Flow Less CapEx to Interest Expense	-2.26	-1.54	-1.31	0.00	-4.58	-0.43	-0.69	-0.92	-1.05	-3.71	-3.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	1.03	0.79	0.45	1.13	1.92	2.62	1.95	1.56	1.45	1.42
Accounts Receivable Turnover	3.25	0.00	0.00	2.37	2.78	7.71	11.82	7.34	4.48	5.58	5.88
Inventory Turnover	8.67	0.00	0.00	6.08	5.50	16.67	44.65	36.97	12.90	19.95	34.19
Fixed Asset Turnover	22.49	0.00	0.00	17.09	22.17	38.84	57.78	140.42	57.79	64.12	75.71
Accounts Payable Turnover	1.85	3.09	2.26	1.05	1.32	2.22	2.65	3.04	2.32	1.80	1.61
Days Sales Outstanding (DSO)	112.48	0.00	0.00	154.26	131.22	47.31	30.89	49.75	81.43	65.44	62.09
Days Inventory Outstanding (DIO)	42.12	0.00	0.00	60.00	66.34	21.89	8.17	9.87	28.30	18.29	10.68
Days Payable Outstanding (DPO)	196.79	118.06	161.47	346.46	276.89	164.17	137.51	120.02	157.38	202.62	226.94
Cash Conversion Cycle (CCC)	-42.19	-118.06	-161.47	-132.19	-79.33	-94.97	-98.45	-60.40	-47.65	-118.89	-154.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-17	-22	-26	-24	36	35	26	55	41	67	71
Invested Capital Turnover	-12.45	1.97	1.57	-3.52	11.48	26.98	899.20	19.49	7.77	5.79	5.80
Increase / (Decrease) in Invested Capital	-21	-126	-128	-25	54	56	52	79	4.43	32	45
Enterprise Value (EV)	99	93	135	339	270	300	280	322	276	333	215
Market Capitalization	40	29	68	221	137	173	140	150	141	205	117
Book Value per Share	($1.58)	($1.75)	($1.51)	($1.89)	($1.46)	($1.15)	($1.40)	($1.39)	($1.03)	($0.49)	($0.18)
Tangible Book Value per Share	($1.58)	($1.75)	($1.51)	($1.89)	($2.00)	($1.59)	($1.81)	($2.35)	($2.34)	($1.52)	($1.01)
Total Capital	-15	-20	-24	59	48	45	37	59	54	76	76
Total Debt	62	65	68	202	146	137	151	177	144	138	103
Total Long-Term Debt	0.00	0.00	0.45	198	146	132	147	174	120	100	85
Net Debt	59	63	66	119	132	127	140	172	135	128	99
Capital Expenditures (CapEx)	0.01	0.54	0.35	0.16	0.11	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12	-22	-24	-18	2.78	4.63	-0.25	-15	-27	-21	-12
Debt-free Net Working Capital (DFNWC)	-9.50	-21	-22	65	16	15	11	-10	-18	-12	-7.91
Net Working Capital (NWC)	-71	-86	-89	61	16	9.40	6.59	-13	-42	-50	-25
Net Nonoperating Expense (NNE)	16	4.31	9.25	57	-68	-8.54	21	13	-1.11	-27	-30
Net Nonoperating Obligations (NNO)	59	63	66	119	134	127	140	172	131	128	98
Total Depreciation and Amortization (D&A)	0.31	0.36	0.33	1.67	6.23	5.24	5.41	3.80	5.92	7.28	7.13
Debt-free, Cash-free Net Working Capital to Revenue	-13.80%	-27.59%	-39.35%	-44.87%	2.56%	2.61%	-0.11%	-5.12%	-9.04%	-7.22%	-4.23%
Debt-free Net Working Capital to Revenue	-10.84%	-25.39%	-36.28%	159.42%	14.86%	8.57%	4.55%	-3.42%	-5.83%	-3.99%	-2.79%
Net Working Capital to Revenue	-81.53%	-105.91%	-149.11%	148.95%	14.86%	5.30%	2.76%	-4.35%	-13.93%	-16.91%	-8.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.60	$0.00	($0.26)	($1.03)	$0.64	$0.00	$0.00	($0.15)	($0.15)	$0.04	$0.05
Adjusted Weighted Average Basic Shares Outstanding	24.72M	0.00	61.11M	75.35M	66.66M	0.00	0.00	84.59M	87.11M	124.28M	149.42M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.03)	$0.27	$0.00	$0.00	($0.15)	($0.05)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	24.72M	0.00	63.61M	75.35M	75.79M	0.00	0.00	84.59M	87.11M	163.79M	185.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.10M	0.00	63.61M	73.77M	0.00	0.00	0.00	107.62M	0.00	146.30M	208.80M
Normalized Net Operating Profit after Tax (NOPAT)	-11	-5.28	-6.65	-21	-15	-2.61	-6.24	-1.12	-15	-13	-16
Normalized NOPAT Margin	-54.22%	-52.60%	-147.95%	-378.96%	-16.97%	-3.33%	-9.45%	-1.73%	-19.15%	-18.46%	-29.93%
Pre Tax Income Margin	-109.84%	-95.49%	-308.93%	-1,408.20%	52.98%	6.14%	-41.35%	-19.52%	-15.77%	6.38%	12.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.41	-1.69	-4.98	0.00	9.40	1.80	-3.29	-0.87	-5.85	1.67	1.81
NOPAT to Interest Expense	-2.18	-1.48	-2.86	0.00	-3.84	-0.62	-0.98	-0.17	-8.31	-3.14	-2.77
EBIT Less CapEx to Interest Expense	-3.41	-1.84	-5.12	0.00	9.38	1.80	-3.29	-0.87	-5.85	1.67	1.81
NOPAT Less CapEx to Interest Expense	-2.18	-1.63	-3.01	0.00	-3.86	-0.62	-0.98	-0.17	-8.31	-3.14	-2.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

SunPower’s latest results show a business that is still struggling to generate consistent profitability and cash flow, even though the most recent quarter improved sharply versus the prior quarter and year-ago period. Q1 2026 revenue came in at $72.8 million, down from $79.7 million in Q4 2025 and slightly below $78.4 million in Q1 2025. The company posted net income of $5.3 million in Q1 2026, which looks better on the surface, but operating loss was still significant at $19.2 million and the quarter benefited from $30.8 million of other income, making the bottom line less indicative of core operating strength.

Profitability remains weak at the operating level. Gross profit improved to $44.7 million in Q1 2026 from $28.3 million in Q4 2025, but operating expenses were still too high at $63.9 million, leaving SunPower in an operating loss position. Compared with Q1 2025, revenue fell from $78.4 million to $72.8 million, while operating loss widened from $3.7 million to $19.2 million, showing that cost control remains a major issue.

Cash flow remains a concern. Q1 2026 operating cash flow was negative $25.7 million, versus negative $1.9 million in Q4 2025 and negative $2.6 million in Q1 2025. Even after $22.3 million of financing inflows, cash still declined by $2.8 million in the quarter. That tells investors the business is still dependent on external funding to support operations.

The balance sheet has also weakened materially over the last year. Total assets were $262.1 million in Q1 2026 versus $198.8 million in Q3 2025 and $143.2 million in Q1 2025, but liabilities rose faster. Total liabilities reached $323.5 million, leaving total equity at negative $61.5 million. Negative equity is a red flag because it suggests liabilities exceed assets and financial flexibility is limited.

Here are the key takeaways for investors:

Gross profit improved sharply in Q1 2026 to $44.7 million from $28.3 million in Q4 2025, suggesting better execution on cost of revenue.
Net income was positive in Q1 2026 at $5.3 million, compared with a loss of $14.2 million in Q4 2025.
Accounts receivable and current assets increased, giving the company more near-term asset support than a year ago.
Other income materially boosted Q1 2026 earnings, so the headline profit was not driven by core operations alone.
The company continued to rely on financing activities to offset weak operating cash flow.
Debt levels remain high with $38.0 million of short-term debt and $99.9 million of long-term debt in Q1 2026.
Operating cash flow was deeply negative at $25.7 million in Q1 2026.
Operating income remained negative at $19.2 million despite improved gross profit.
Total liabilities exceeded total assets in Q1 2026, resulting in negative shareholders’ equity of $61.5 million.
Revenue trended lower year over year from $78.4 million in Q1 2025 to $72.8 million in Q1 2026.

Bottom line: SunPower showed some improvement in gross profit and bottom-line earnings in Q1 2026, but the company is still not producing sustainable operating profits or operating cash flow. The negative equity position and ongoing dependence on financing make the stock higher risk, and investors should focus on whether the company can improve core margins and cash generation in the coming quarters.

08/23/26 02:43 PM ETAI Generated. May Contain Errors.

CSLM Acquisition Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CSLM Acquisition's fiscal year ends in December. Their fiscal year 2025 ended on December 28, 2025.

CSLM Acquisition's net income appears to be on an upward trend, with a most recent value of -$45.35 million in 2025, falling from $5.13 million in 2021. The previous period was -$56.45 million in 2024. See where experts think CSLM Acquisition is headed by visiting CSLM Acquisition's forecast page.

CSLM Acquisition's total operating income in 2025 was -$26.93 million, based on the following breakdown:

Total Gross Profit: $129.21 million
Total Operating Expenses: $156.14 million

Over the last 4 years, CSLM Acquisition's total revenue changed from $0.00 in 2021 to $300 million in 2025, a change of 30,000,000,000.0%.

CSLM Acquisition's total liabilities were at $331.33 million at the end of 2025, a 36.9% increase from 2024, and a 306,163.3% increase since 2020.

In the past 5 years, CSLM Acquisition's cash and equivalents has ranged from $0.00 in 2020 to $13.38 million in 2024, and is currently $9.62 million as of their latest financial filing in 2025.

Over the last 4 years, CSLM Acquisition's book value per share changed from -0.51 in 2021 to -1.03 in 2025, a change of 103.6%.

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Financial statements for NASDAQ:SPWR last updated on 8/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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CSLM Acquisition (SPWR) Financials

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CSLM Acquisition (SPWR) Financials

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