TYGO

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Tigo Energy, Inc.

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Key Metrics

Previous Close: $1.14
52-Week Range: $0.93 – $5.33
Market Cap: $83.68M
P/E (TTM): 6.81
EPS (TTM): 0.16
Dividend Yield: —

Advanced Metrics

Price/Book: 2.03
PEG Ratio: —
Return on Equity: 43.06%
Return on Assets: -2.45%
Gross Margin: 42.43%
Operating Margin: -6.61%
Profit Margin: 8.97%
Current Ratio: 3.04
Debt/Equity: 0.15
Total Debt: $6.48M
Free Cash Flow: $8.89M
Revenue Growth: 5.60%
Earnings Growth: —
Enterprise Value: $77.09M

TYGO Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$81.32M	$145.23M	$54.01M	$103.54M
Cost of Revenue	$56.55M	$93.92M	$58.17M	$59.19M
Gross Profit	$24.77M	$51.31M	-$4.16M	$44.35M
Research & Development	$5.68M	$9.50M	$9.86M	$9.24M
Selling, General & Admin	$19.98M	$50.09M	$37.98M	$39.61M
Operating Expenses	$25.67M	$59.58M	$47.84M	$48.85M
Operating Income	-$896.00K	-$8.28M	-$52.00M	-$4.50M
EBITDA	-$4.91M	$8.38M	-$50.00M	$11.00M
Pretax Income	-$6.97M	-$846.00K	-$62.64M	-$1.28M
Income Tax	$71.00K	$138.00K	$103.00K	$603.00K
Net Income	-$7.04M	-$984.00K	-$62.75M	-$1.88M
Diluted EPS	-0.23	-0.14	-1.04	-0.03
Diluted Shares	58.14M	43.22M	60.26M	65.01M

TYGO Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$36.19M	$4.41M	$11.75M	$7.67M
Receivables	$16.27M	$6.86M	$7.98M	$13.89M
Inventory	$24.91M	$61.40M	$22.00M	$31.29M
Current Assets	$85.09M	$104.71M	$53.41M	$58.00M
Total Assets	$88.08M	$127.78M	$72.91M	$78.04M
Current Liabilities	$39.59M	$26.42M	$17.11M	$38.77M
Long-Term Debt	$10.64M	$31.57M	$40.51M	—
Total Debt	$21.98M	$34.15M	$42.12M	$2.67M
Total Liabilities	$143.77M	$64.95M	$64.53M	$50.41M
Retained Earnings	-$62.22M	-$75.78M	-$138.53M	-$140.41M
Shareholders' Equity	-$55.69M	$62.82M	$8.38M	$27.62M
Working Capital	$45.50M	$78.29M	$36.30M	$19.23M
Net Debt	—	$27.16M	$28.77M	—

TYGO Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$16.47M	-$37.22M	-$12.35M	$10.30M
Capital Expenditure	-$1.15M	-$2.56M	-$1.29M	-$642.00K
Free Cash Flow	-$17.62M	-$39.79M	-$13.64M	$9.66M
Depreciation & Amortisation	$562.00K	$1.11M	$1.22M	$1.27M
Stock-Based Compensation	$813.00K	$3.81M	$7.72M	$7.86M
Investing Cash Flow	-$1.60M	-$30.91M	$19.76M	$22.62M
Financing Cash Flow	$48.32M	$34.82M	-$61.00K	-$36.99M
Dividends Paid	$0.00	$0.00	—	—
Net Change in Cash	$30.24M	-$33.31M	$7.34M	-$4.08M

TYGO Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$18.84M	$24.05M	$30.61M	$30.03M	$25.20M
Cost of Revenue	$11.67M	$13.29M	$17.55M	$16.68M	$14.40M
Gross Profit	$7.17M	$10.76M	$13.06M	$13.35M	$10.79M
Research & Development	$2.16M	$2.27M	$2.50M	$2.31M	$2.64M
Selling, General & Admin	$8.99M	$10.00M	$9.91M	$10.71M	$10.56M
Operating Expenses	$11.15M	$12.27M	$12.41M	$13.02M	$13.20M
Operating Income	-$3.98M	-$1.50M	$649.00K	$333.00K	-$2.41M
EBITDA	-$3.48M	-$1.12M	$1.18M	$14.41M	-$1.59M
Pretax Income	-$6.71M	-$4.27M	-$1.94M	$11.64M	-$1.91M
Income Tax	$296.00K	$158.00K	$230.00K	-$81.00K	-$164.00K
Net Income	-$7.00M	-$4.43M	-$2.17M	$11.72M	-$1.75M
Diluted EPS	-0.11	-0.07	-0.03	0.16	-0.02
Diluted Shares	61.66M	62.29M	65.68M	72.56M	72.58M

TYGO Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$8.50M	$10.21M	$24.47M	$7.67M	$11.57M
Receivables	$10.37M	$10.39M	$15.78M	$13.89M	$14.17M
Inventory	$18.91M	$18.93M	$28.54M	$31.29M	$24.81M
Current Assets	$51.78M	$60.35M	$87.76M	$58.00M	$55.12M
Total Assets	$70.64M	$80.64M	$107.84M	$78.04M	$74.85M
Current Liabilities	$58.33M	$68.00M	$84.87M	$38.77M	$22.39M
Total Debt	$44.03M	$47.88M	$50.04M	$2.67M	$2.48M
Total Liabilities	$66.86M	$78.95M	$95.78M	$50.41M	$34.01M
Retained Earnings	-$145.53M	-$149.96M	-$152.12M	-$140.41M	-$142.16M
Shareholders' Equity	$3.77M	$1.69M	$12.05M	$27.62M	$40.85M
Working Capital	-$6.54M	-$7.65M	$2.89M	$19.23M	$32.73M
Net Debt	$34.24M	$34.77M	$22.75M	—	—

TYGO Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$530.00K	$7.77M	$1.43M	$1.63M	-$9.25M
Capital Expenditure	—	—	—	-$445.00K	-$209.00K
Free Cash Flow	-$530.00K	$7.53M	$1.48M	$1.18M	-$9.46M
Depreciation & Amortisation	$357.00K	$285.00K	$258.00K	$366.00K	$327.00K
Stock-Based Compensation	$1.58M	$2.30M	$1.91M	$2.08M	$1.61M
Investing Cash Flow	-$3.53M	-$6.11M	$2.21M	$30.05M	-$209.00K
Financing Cash Flow	$817.00K	$50.00K	$10.62M	-$48.47M	$13.37M
Net Change in Cash	-$3.25M	$1.71M	$14.26M	-$16.80M	$3.90M

Market Snapshot

About

Tigo Energy, Inc. provides smart hardware and software solutions for the solar energy industry. The company specializes in module-level power electronics (MLPE) including smart modules, optimizers, and inverters that enhance solar system performance and safety. Tigo serves residential, commercial, and utility-scale solar markets worldwide.