Tigo Energy Inc. (TYGO) financials
For fiscal 2025 (ended Dec 31, 2025), Tigo Energy Inc. reported -$1.88M of net income.
Some numbers below look mis-scaled in the data Tigo Energy Inc. filed with the SEC. Check the filing itself before using them.
- Net income, FY2025
- -$1.88M
- Free cash flow, FY2025
- $9.66M
- EPS, diluted, FY2025
- -$0.03
- Cash
- $16.75M
- Total debt
- $2.52M
- Market cap
- $57.7M
FY2022FY2025
FY2020FY2025
FY2022FY2025
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue | $103.54B | $54.01B | $145.23B | $81.32B | - | - |
| Cost of revenue | $59.19M | $58.17M | $93.92M | $56.55M | - | - |
| Gross profit | $44.35M | -$4.16M | $51.31M | $24.77M | - | - |
| Research and development | $9.24M | $9.86M | $9.50M | $5.68M | - | - |
| Selling, general and admin | $22.17M | $21.06M | $28.81M | $9.03M | - | - |
| Operating income | -$4.50M | -$52.00M | -$8.28M | -$896.0K | -$415.9K | -$2.0K |
| Interest expense | $11.01M | $11.42M | $8.12M | $1.49M | - | - |
| Pre-tax income | -$1.28M | -$62.64M | -$846.0K | -$6.97M | -$402.5K | - |
| Income tax | $603.0K | $103.0K | $138.0K | $71.0K | - | - |
| Net income | -$1.88M | -$62.75M | -$984.0K | -$7.04M | -$402.5K | -$2.0K |
| EPS, basic | -$0.03 | -$1.04 | -$0.08 | -$2.71 | - | - |
| EPS, diluted | -$0.03 | -$1.04 | -$0.14 | -$2.71 | - | - |
| Diluted shares | 65.0M | 60.3M | 43.2M | 4.9M | - | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $7.67M | $11.75M | $4.41M | $37.72M | $7.47M | $22.8K |
| Short-term investments | - | $8.16M | $26.81M | - | - | - |
| Receivables | $13.89M | $7.98M | $6.86M | $15.82M | - | - |
| Inventory | $31.29M | $22.00M | $61.40M | $24.91M | - | - |
| Current assets | $58.00M | $53.41M | $104.71M | $85.09M | $991.2K | $22.8K |
| Goodwill | $12.21M | $12.21M | $12.21M | - | - | - |
| Total assets | $78.04M | $72.91M | $127.78M | $88.08M | $117.83M | $23.3K |
| Current liabilities | $38.77M | $17.11M | $26.42M | $39.59M | - | $1.4K |
| Short-term debt | - | - | - | $10.00M | - | - |
| Long-term debt | $0 | $40.51M | $31.57M | $10.64M | - | - |
| Total debt | $0 | $40.51M | $31.57M | $20.64M | - | - |
| Total liabilities | $50.41M | $64.53M | $64.95M | $56.63M | $244.8K | $1.4K |
| Shareholders' equity | $27.62M | $8.38M | $62.82M | -$55.69M | -$49.90M | $21.8K |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $10.30M | -$12.35M | -$37.22M | -$16.47M | -$464.0K | -$1.7K |
| Capital expenditures | $642.0K | $1.29M | $2.11M | $1.15M | - | - |
| Free cash flow | $9.66M | -$13.64M | -$39.34M | -$17.62M | - | - |
| Investing cash flow | $22.62M | $19.76M | -$30.91M | -$1.60M | -$116.72M | - |
| Financing cash flow | -$36.99M | -$61.0K | $34.82M | $48.32M | $117.97M | -$469 |
| Stock-based compensation | $7.86M | $7.72M | $3.81M | $813.0K | - | - |
| Depreciation and amortization | $1.27M | $1.22M | $1.11M | $562.0K | - | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | 91.7% | -62.8% | 78.6% | - | - | - |
| Gross margin | 0.0% | -0.0% | 0.0% | 0.0% | - | - |
| Operating margin | -0.0% | -0.1% | -0.0% | -0.0% | - | - |
| Net margin | -0.0% | -0.1% | -0.0% | -0.0% | - | - |
| Free cash flow margin | 0.0% | -0.0% | -0.0% | -0.0% | - | - |
| Return on equity | -6.8% | -748.3% | -1.6% | - | - | -9.0% |
| Return on assets | -2.4% | -86.1% | -0.8% | -8.0% | -0.3% | -8.4% |
| Current ratio | 1.50 | 3.12 | 3.96 | 2.15 | - | 15.72 |
| Debt to equity | 0.00 | 4.83 | 0.50 | - | - | - |
Income statement
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.04M | $25.41M | $25.20M | - | $30.61M | $24.05M | $18.84M | - | $14.24M | $12.70M | $9.80M | $9.24B |
| Cost of revenue | $12.94M | $15.41M | $14.40M | $16.68M | $17.55M | $13.29M | $11.67M | $29.84M | $12.46M | $8.83M | $7.04M | $6.37M |
| Gross profit | $11.10M | $10.00M | $10.79M | $13.35M | $13.06M | $10.76M | $7.17M | -$12.56M | $1.77M | $3.87M | $2.77M | $2.88M |
| Research and development | $2.20M | $2.51M | $2.64M | $2.31M | $2.50M | $2.27M | $2.16M | $2.25M | $2.43M | $2.70M | $2.47M | $2.43M |
| Selling, general and admin | $5.06M | $5.12M | $6.08M | $6.12M | $5.40M | $5.59M | $5.07M | $5.39M | $5.38M | $5.51M | $4.78M | $8.24M |
| Operating income | -$77.0K | -$1.68M | -$2.41M | $333.0K | $649.0K | -$1.50M | -$3.98M | -$24.09M | -$10.42M | -$8.40M | -$9.09M | -$13.54M |
| Interest expense | $101.0K | $26.0K | $1.0K | $2.41M | $2.86M | $2.87M | $2.87M | $2.87M | $2.86M | $2.86M | $2.83M | $2.88M |
| Pre-tax income | $55.0K | -$1.02M | -$1.91M | $11.64M | -$1.94M | -$4.27M | -$6.71M | -$26.71M | -$13.12M | -$11.30M | -$11.51M | -$14.66M |
| Income tax | -$306.0K | -$3.19M | -$164.0K | -$81.0K | $230.0K | $158.0K | $296.0K | $87.0K | $0 | $16.0K | $0 | $109.0K |
| Net income | $361.0K | $2.17M | -$1.75M | $11.72M | -$2.17M | -$4.43M | -$7.00M | -$26.80M | -$13.12M | -$11.32M | -$11.51M | -$14.77M |
| EPS, basic | $0.00 | $0.03 | -$0.02 | $0.18 | -$0.03 | -$0.07 | -$0.11 | -$0.44 | -$0.22 | -$0.19 | -$0.19 | - |
| EPS, diluted | $0.00 | $0.03 | -$0.02 | $0.18 | -$0.03 | -$0.07 | -$0.11 | -$0.44 | -$0.22 | -$0.19 | -$0.19 | - |
| Diluted shares | 78.0M | 80.6M | 72.6M | - | 65.7M | 62.3M | 61.7M | - | 60.6M | 60.4M | 59.4M | - |
Balance sheet
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $16.75M | $16.91M | $11.57M | $7.67M | $24.47M | $10.21M | $8.50M | $11.75M | $9.46M | $15.14M | $9.03M | $4.41M |
| Short-term investments | - | - | - | - | $15.82M | $17.80M | $11.78M | $8.16M | $10.04M | $5.21M | $12.92M | $26.81M |
| Receivables | $14.96M | $13.58M | $14.17M | $13.89M | $15.78M | $10.39M | $10.37M | $7.98M | $8.83M | $6.92M | $6.31M | $6.86M |
| Inventory | $18.10M | $20.56M | $24.81M | $31.29M | $28.54M | $18.93M | $18.91M | $22.00M | $46.79M | $51.31M | $55.76M | $61.40M |
| Current assets | $55.01M | $54.59M | $55.12M | $58.00M | $87.76M | $60.35M | $51.78M | $53.41M | $78.72M | $83.09M | $88.40M | $104.71M |
| Goodwill | $12.21M | $12.21M | $12.21M | $12.21M | $12.21M | $12.21M | $12.21M | $12.21M | $12.21M | $12.21M | $12.21M | $12.21M |
| Total assets | $78.26M | $77.86M | $74.85M | $78.04M | $107.84M | $80.64M | $70.64M | $72.91M | $98.57M | $103.33M | $109.12M | $127.78M |
| Current liabilities | $18.98M | $17.94M | $22.39M | $38.77M | $84.87M | $68.00M | $58.33M | $17.11M | $19.90M | $15.47M | $14.16M | $26.42M |
| Short-term debt | - | - | - | - | $47.22M | $44.98M | $42.75M | - | - | - | - | - |
| Long-term debt | $2.52M | $4.15M | $0 | $0 | $50.00M | $50.00M | $0 | $40.51M | $38.27M | $36.04M | $33.80M | $31.57M |
| Total debt | $2.52M | $4.15M | $0 | $0 | $97.22M | $94.98M | $42.75M | $40.51M | $38.27M | $36.04M | $33.80M | $31.57M |
| Total liabilities | $32.45M | $33.22M | $34.01M | $50.41M | $95.78M | $78.95M | $66.86M | $64.53M | $65.10M | $58.59M | $54.80M | $64.95M |
| Shareholders' equity | $45.81M | $44.64M | $40.85M | $27.62M | $12.05M | $1.69M | $3.77M | $8.38M | $33.47M | $44.74M | $54.32M | $62.82M |
Cash flow
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.99M | -$1.04M | -$9.25M | $1.63M | $1.43M | $7.77M | -$530.0K | $1.05M | -$535.0K | -$1.61M | -$11.27M | -$7.84M |
| Capital expenditures | $100.0K | $291.0K | $209.0K | $445.0K | -$46.0K | - | - | $529.0K | $339.0K | $51.0K | $367.0K | $259.0K |
| Free cash flow | $1.89M | -$1.33M | -$9.46M | $1.18M | $1.39M | - | - | $524.0K | -$874.0K | -$1.66M | -$11.63M | -$8.10M |
| Investing cash flow | -$100.0K | $2.46M | -$209.0K | $30.05M | $2.21M | -$6.11M | -$3.53M | $1.45M | -$5.04M | $7.71M | $15.64M | $10.01M |
| Financing cash flow | -$2.05M | $3.92M | $13.37M | -$48.47M | $10.62M | $50.0K | $817.0K | -$219.0K | -$102.0K | $10.0K | $250.0K | $3.0K |
| Stock-based compensation | $1.24M | $1.38M | $1.61M | $2.08M | $1.91M | $2.30M | $1.58M | $1.73M | $1.79M | $1.70M | $2.50M | $1.67M |
| Depreciation and amortization | $353.0K | $354.0K | $327.0K | $323.0K | $301.0K | $285.0K | $357.0K | $302.0K | $305.0K | $302.0K | $310.0K | $286.0K |
Key ratios
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -21.5% | 5.6% | 33.7% | - | 115.0% | 89.4% | 92.2% | - | -99.9% | -100.0% | -100.0% | -70.1% |
| Gross margin | 46.2% | 39.3% | 42.8% | - | 42.7% | 44.7% | 38.1% | - | 12.5% | 30.4% | 28.2% | 0.0% |
| Operating margin | -0.3% | -6.6% | -9.6% | - | 2.1% | -6.3% | -21.1% | - | -73.2% | -66.2% | -92.7% | -0.1% |
| Net margin | 1.5% | 8.6% | -6.9% | - | -7.1% | -18.4% | -37.2% | - | -92.1% | -89.1% | -117.4% | -0.2% |
| Free cash flow margin | 7.9% | -5.2% | -37.5% | - | 4.5% | - | - | - | -6.1% | -13.0% | -118.7% | -0.1% |
| Current ratio | 2.90 | 3.04 | 2.46 | 1.50 | 1.03 | 0.89 | 0.89 | 3.12 | 3.96 | 5.37 | 6.24 | 3.96 |
| Debt to equity | 0.05 | 0.09 | 0.00 | 0.00 | 8.06 | 56.14 | 11.32 | 4.83 | 1.14 | 0.81 | 0.62 | 0.50 |
Source: XBRL data Tigo Energy Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
TYGO peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TYGO | - | - | -$1.88M | - | $57.7M |
| NVDA | $302.97B | +83.4% | $192.88B | 63.7% | $4.50T |
| TSM | NT$3.81T | +31.6% | NT$1.70T | 44.6% | $1.95T |
| AVGO | $89.10B | +48.7% | $38.27B | 42.9% | $1.40T |
| MU | $133.19B | +256.3% | $84.97B | 63.8% | $780.68B |
| AMD | $45.44B | +41.9% | $7.62B | 16.8% | $736.46B |
| INTC | $59.89B | +12.1% | -$12.03B | -20.1% | $299.10B |
| AMAT | $30.84B | +7.8% | $9.27B | 30.1% | $264.05B |
TYGO FAQ
6 questionsIs TYGO profitable?
No. Tigo Energy Inc. reported a net loss of $1.88M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does TYGO have?
Tigo Energy Inc. reported $16.75M in cash and cash equivalents and $2.52M of debt on its most recent balance sheet in SEC filings.What is TYGO free cash flow?
Tigo Energy Inc. generated $9.66M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $10.30M less capital expenditures.What is TYGO earnings per share?
Diluted earnings per share were -$0.03 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did TYGO last report financial results?
The latest statements here come from Tigo Energy Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.Where does this TYGO financial data come from?
Quantisnow builds these statements from the structured XBRL data Tigo Energy Inc. files with the SEC. It is provided for information only and is not investment advice.