NASDAQ : TYGO
Tigo Energy, Inc. — Financial statements
Technology · Solar · United States
Last price 0.883 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 67.79M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Tigo Energy, Inc. (TYGO) reported revenue of 111.25M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 111.25M | 103.54M | 54.01M | 145.23M | 81.32M | 43.64M |
| Cost of Revenue | 64.04M | 59.19M | 58.17M | 93.92M | 56.55M | 31.00M |
| Gross Profit | 47.20M | 44.35M | -4.16M | 51.31M | 24.77M | 12.64M |
| Selling, General & Admin | 40.35M | 39.61M | 37.98M | 45.99M | 19.98M | 10.59M |
| Research & Development | 9.96M | 9.24M | 9.86M | 9.50M | 5.68M | 5.76M |
| Operating Expenses | 50.31M | 48.85M | 47.84M | 55.48M | 25.67M | 16.35M |
| Operating Income | -3.11M | -4.50M | -52.00M | -4.17M | -896.00K | -3.71M |
| Interest Expense | -5.30M | -11.01M | -11.42M | -8.12M | -1.49M | -2.51M |
| Interest & Investment Income | 919.00K | 919.00K | 867.00K | 2.32M | 199.00K | |
| Other Non Operating Income (Expenses) | 393.00K | -192.00K | -93.00K | 13.39M | -1.16M | -244.00K |
| EBT Excluding Unusual Items | -7.09M | -14.78M | -62.64M | 3.42M | -3.35M | -6.46M |
| Merger & Restructuring Charges | -4.10M | |||||
| Gain (Loss) on Sale of Assets | 14.99M | 14.64M | ||||
| Other Unusual Items | -1.13M | -1.13M | -171.00K | -3.61M | 1.80M | |
| Pretax Income | 6.77M | -1.28M | -62.64M | -846.00K | -6.97M | -4.66M |
| Income Tax Expense | -3.21M | 603.00K | 103.00K | 138.00K | 71.00K | 200.00K |
| Net Income | 9.97M | -1.88M | -62.75M | -984.00K | -7.04M | -4.86M |
| Preferred Dividends & Other Adjustments | 1.98M | 6.34M | 2.84M | |||
| Net Income to Common | 9.97M | -1.88M | -62.75M | -2.96M | -13.38M | -7.70M |
| Shares Outstanding (Basic) | 71.24M | 65.01M | 60.26M | 38.05M | 4.94M | 20.39M |
| Shares Outstanding (Diluted) | 73.42M | 65.01M | 60.26M | 43.22M | 4.94M | 20.39M |
| EPS (Basic) | 0.14 | -0.03 | -1.04 | -0.08 | -2.71 | -0.38 |
| EPS (Diluted) | 0.14 | -0.03 | -1.04 | -0.14 | -2.71 | -0.38 |
| Free Cash Flow | -8.13M | 9.66M | -13.64M | -39.34M | -17.62M | -5.31M |
| Free Cash Flow Per Share | -0.11 | 0.15 | -0.23 | -0.91 | -3.57 | -0.26 |
| Gross Margin | 42.43% | 42.84% | -7.69% | 35.33% | 30.46% | 28.96% |
| Operating Margin | -2.79% | -4.35% | -96.27% | -2.88% | -1.10% | -8.51% |
| Profit Margin | 8.97% | -1.82% | -116.17% | -2.04% | -16.45% | -17.65% |
| Free Cash Flow Margin | -7.31% | 9.33% | -25.25% | -27.08% | -21.66% | -12.17% |
| EBITDA | -1.80M | -3.23M | -50.78M | -3.07M | -334.00K | -3.29M |
| EBITDA Margin | -1.62% | -3.12% | -94.01% | -2.11% | -0.41% | -7.55% |
| D&A For EBITDA | 1.30M | 1.27M | 1.22M | 1.11M | 562.00K | 419.00K |
| EBIT | -3.11M | -4.50M | -52.00M | -4.17M | -896.00K | -3.71M |
| EBIT Margin | -2.79% | -4.35% | -96.27% | -2.88% | -1.10% | -8.51% |
| Advertising Expenses | 600.00K | 600.00K | 800.00K | 400.00K | 100.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.91M | 7.67M | 11.75M | 4.41M | 36.19M | 6.18M |
| Short-Term Investments | 8.16M | 26.81M | ||||
| Cash & Short-Term Investments | 16.91M | 7.67M | 19.90M | 31.21M | 36.19M | 6.18M |
| Accounts Receivable | 13.58M | 13.89M | 7.98M | 6.86M | 15.82M | 3.88M |
| Receivables | 13.58M | 13.89M | 7.98M | 6.86M | 16.27M | 3.88M |
| Inventory | 20.56M | 31.29M | 22.00M | 61.40M | 24.91M | 10.07M |
| Prepaid Expenses | 3.53M | 5.15M | 3.53M | 5.24M | 3.97M | 1.53M |
| Restricted Cash | 1.52M | 1.29M | ||||
| Other Current Assets | 2.22M | |||||
| Total Current Assets | 54.59M | 58.00M | 53.41M | 104.71M | 85.09M | 22.95M |
| Property, Plant & Equipment | 4.63M | 4.99M | 4.39M | 5.96M | 2.90M | 932.00K |
| Long-Term Investments | 1.98M | |||||
| Goodwill | 12.21M | 12.21M | 12.21M | 12.21M | ||
| Other Intangible Assets | 1.52M | 1.65M | 1.92M | 2.19M | ||
| Other Long-Term Assets | 885.00K | 1.19M | 984.00K | 728.00K | 82.00K | 78.00K |
| Total Assets | 77.86M | 78.04M | 72.91M | 127.78M | 88.08M | 23.96M |
| Accounts Payable | 11.26M | 29.20M | 8.08M | 15.69M | 23.29M | 12.25M |
| Accrued Expenses | 4.63M | 7.03M | 6.81M | 7.98M | 4.38M | 1.35M |
| Current Portion of Long-Term Debt | 10.00M | 8.00M | ||||
| Current Portion of Leases | 897.00K | 856.00K | 649.00K | 1.19M | 578.00K | |
| Current Unearned Revenue | 507.00K | 961.00K | 525.00K | 335.00K | 950.00K | 48.00K |
| Other Current Liabilities | 640.00K | 727.00K | 1.04M | 1.23M | 392.00K | 398.00K |
| Total Current Liabilities | 17.94M | 38.77M | 17.11M | 26.42M | 39.59M | 22.05M |
| Long-Term Debt | 4.15M | 40.51M | 31.57M | 10.64M | 1.41M | |
| Long-Term Leases | 1.44M | 1.82M | 961.00K | 1.39M | 762.00K | |
| Long-Term Unearned Revenue | 806.00K | 860.00K | 644.00K | 466.00K | 172.00K | 184.00K |
| Other Long-Term Liabilities | 8.89M | 8.97M | 5.30M | 5.11M | 3.96M | 3.35M |
| Total Liabilities | 33.22M | 50.41M | 64.53M | 64.95M | 55.12M | 27.00M |
| Common Stock | 7.00K | 7.00K | 6.00K | 6.00K | 1.00K | 2.00K |
| Additional Paid-In Capital | 184.61M | 168.02M | 146.90M | 138.66M | 6.52M | 5.38M |
| Retained Earnings | -139.98M | -140.41M | -138.53M | -75.78M | -62.22M | -55.18M |
| Comprehensive Income & Other | 2.00K | -59.00K | -103.00K | |||
| Total Common Equity | 44.64M | 27.62M | 8.38M | 62.82M | -55.69M | -49.90M |
| Shareholders' Equity | 44.64M | 27.62M | 8.38M | 62.82M | 32.95M | -3.04M |
| Total Liabilities & Equity | 77.86M | 78.04M | 72.91M | 127.78M | 88.08M | 23.96M |
| Total Debt | 6.48M | 2.67M | 42.12M | 34.15M | 21.98M | 9.41M |
| Net Cash (Debt) | 10.43M | 5.00M | -22.22M | -966.00K | 14.21M | -3.23M |
| Net Cash Per Share | 0.14 | 0.08 | -0.37 | -0.02 | 2.88 | -0.16 |
| Filing Date Shares Outstanding | 76.77M | 75.60M | 61.91M | 59.69M | 23.44M | 21.63M |
| Total Common Shares Outstanding | 76.77M | 70.42M | 60.80M | 58.75M | 23.44M | 20.58M |
| Working Capital | 36.65M | 19.23M | 36.30M | 78.29M | 45.50M | 895.00K |
| Book Value Per Share | 0.58 | 0.39 | 0.14 | 1.07 | -2.38 | -2.42 |
| Tangible Book Value | 30.91M | 13.76M | -5.75M | 48.42M | -55.69M | -49.90M |
| Tangible Book Value Per Share | 0.40 | 0.20 | -0.09 | 0.82 | -2.38 | -2.42 |
| Machinery | 8.03M | 7.55M | 6.90M | 6.63M | 4.62M | 3.33M |
| Construction In Progress | 21.00K | 140.00K | ||||
| Leasehold Improvements | 552.00K | 357.00K | 465.00K | 457.00K | 42.00K | 42.00K |
| Order Backlog | 14.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.97M | -1.88M | -62.75M | -984.00K | -7.04M | -4.86M |
| Depreciation & Amortization | 1.30M | 1.27M | 1.22M | 1.11M | 562.00K | 419.00K |
| Loss (Gain) From Sale of Assets | -14.99M | -14.62M | 17.00K | |||
| Stock-Based Compensation | 6.97M | 7.86M | 7.72M | 3.81M | 813.00K | 179.00K |
| Provision & Write-off of Bad Debts | 1.51M | -17.00K | -1.68M | 3.87M | 596.00K | -209.00K |
| Other Operating Activities | 1.65M | 11.66M | 32.66M | -6.51M | 5.66M | 62.00K |
| Change in Accounts Receivable | -4.70M | -5.90M | 570.00K | 5.20M | -12.53M | 802.00K |
| Change in Inventory | -3.14M | -10.77M | 16.30M | -37.20M | -14.97M | -5.48M |
| Change in Accounts Payable | -3.20M | 20.91M | -6.62M | -8.58M | 10.89M | 4.58M |
| Change in Unearned Revenue | -309.00K | 652.00K | 368.00K | -321.00K | 673.00K | -18.00K |
| Change in Other Net Operating Assets | -2.31M | 1.14M | -138.00K | 2.37M | -1.13M | -463.00K |
| Operating Cash Flow | -7.24M | 10.30M | -12.35M | -37.22M | -16.47M | -4.99M |
| Capital Expenditures | -899.00K | -642.00K | -1.29M | -2.11M | -1.15M | -323.00K |
| Cash Acquisitions | -16.00K | |||||
| Sale (Purchase) of Intangibles | 17.39M | 14.64M | -450.00K | |||
| Investment in Securities | 18.02M | 8.62M | 21.04M | -28.33M | ||
| Other Investing Activities | -456.00K | |||||
| Investing Cash Flow | 34.51M | 22.62M | 19.76M | -30.91M | -1.60M | -323.00K |
| Long-Term Debt Issued | 50.00M | 25.00M | 901.00K | |||
| Total Debt Issued | 4.15M | 50.00M | 25.00M | 901.00K | ||
| Long-Term Debt Repaid | -50.25M | -20.83M | -14.16M | -8.00M | ||
| Net Debt Issued (Repaid) | -46.10M | -50.25M | 29.17M | 10.84M | -7.10M | |
| Issuance of Common Stock | 13.88M | 157.00K | 272.00K | 3.87M | 325.00K | 93.00K |
| Repurchase of Common Stock | -1.14M | -367.00K | -122.00K | -91.00K | ||
| Other Financing Activities | 12.79M | 13.47M | -211.00K | 1.88M | -3.82M | -697.00K |
| Financing Cash Flow | -20.57M | -36.99M | -61.00K | 34.82M | 48.32M | 7.30M |
| Net Cash Flow | 6.70M | -4.08M | 7.34M | -33.31M | 30.24M | 1.98M |
| Free Cash Flow | -8.13M | 9.66M | -13.64M | -39.34M | -17.62M | -5.31M |
| Free Cash Flow Margin | -7.31% | 9.33% | -25.25% | -27.08% | -21.66% | -12.17% |
| Free Cash Flow Per Share | -0.11 | 0.15 | -0.23 | -0.91 | -3.57 | -0.26 |
| Levered Free Cash Flow | 8.89M | 18.06M | -756.62K | -33.72M | -18.44M | -8.80M |
| Unlevered Free Cash Flow | 12.20M | 24.94M | 6.38M | -28.64M | -17.51M | -7.24M |
| Cash Interest Paid | 2.34M | 3.59M | 2.51M | 1.42M | 1.24M | 817.00K |
| Cash Income Tax Paid | 365.00K | 263.00K | 575.00K | 95.00K | 109.00K | 21.00K |
| Change in Working Capital | -13.66M | 6.04M | 10.47M | -38.53M | -17.07M | -578.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 67.31M | 97.09M | 59.83M | 122.76M | 151.33M | 146.88M |
| Enterprise Value | 56.87M | 106.85M | 80.50M | 113.91M | 201.42M | |
| Last Close Price | 0.88 | 1.38 | 0.98 | 2.09 | 10.20 | 9.90 |
| Forward PE | 32.39 | 32.39 | 32.39 | |||
| PS Ratio | 0.60 | 0.94 | 1.11 | 0.84 | 1.86 | 3.37 |
| PB Ratio | 1.52 | 3.52 | 7.13 | 1.95 | 4.59 | -48.33 |
| P/TBV Ratio | 2.16 | 7.05 | 2.54 | |||
| P/FCF Ratio | 10.05 | |||||
| P/OCF Ratio | 9.43 | |||||
| EV/Sales Ratio | 0.51 | 1.03 | 1.49 | 0.78 | 2.48 | |
| EV/FCF Ratio | 11.06 | |||||
| Debt / Equity Ratio | 0.14 | 0.10 | 5.02 | 0.54 | 0.67 | -3.10 |
| Debt / EBITDA Ratio | 39.46 | |||||
| Debt / FCF Ratio | 0.28 | |||||
| Net Debt / Equity Ratio | -0.23 | -0.18 | 2.65 | 0.01 | -0.43 | -1.06 |
| Net Debt / EBITDA Ratio | 5.79 | 1.55 | -0.44 | -0.32 | 42.55 | -0.98 |
| Net Debt / FCF Ratio | 1.28 | -0.52 | -1.63 | -0.03 | 0.81 | -0.61 |
| Asset Turnover | 1.40 | 1.37 | 0.54 | 1.35 | 1.45 | 2.18 |
| Inventory Turnover | 3.24 | 2.22 | 1.40 | 2.18 | 3.23 | 4.24 |
| Quick Ratio | 1.70 | 0.56 | 1.63 | 1.44 | 1.31 | 0.46 |
| Current Ratio | 3.04 | 1.50 | 3.12 | 3.96 | 2.15 | 1.04 |
| Return on Equity (ROE) | 43.06% | -10.44% | -176.23% | -2.05% | -47.04% | |
| Return on Assets (ROA) | -2.45% | -3.73% | -32.39% | -2.42% | -1.00% | -11.59% |
| Return on Capital Employed (ROCE) | -5.20% | -11.50% | -93.20% | -4.10% | -1.80% | -195.00% |
| Earnings Yield | 15.53% | -1.94% | -104.88% | -0.80% | -4.65% | -3.31% |
| FCF Yield | -12.18% | 9.95% | -22.80% | -32.04% | -11.64% | -3.62% |
| Buyback Yield / Dilution | -19.74% | -7.87% | -39.42% | -774.86% | 75.77% | 66.09% |