NYSE : TE
T1 Energy Inc. — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 2.86 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 842.20M
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Financial statements
T1 Energy Inc. (TE) reported revenue of 996.85M 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 | 996.85M | 755.29M | 2.94M | |||
| Cost of Revenue | 938.03M | 699.71M | 1.71M | |||
| Gross Profit | 58.82M | 55.58M | 1.23M | |||
| Selling, General & Admin | 252.69M | 235.32M | 63.70M | 65.53M | 107.36M | 61.76M |
| Research & Development | 13.57M | 13.82M | ||||
| Operating Expenses | 252.69M | 235.32M | 63.70M | 65.53M | 120.93M | 75.57M |
| Operating Income | -193.87M | -179.74M | -62.47M | -65.53M | -120.93M | -75.57M |
| Interest Expense | -32.09M | -37.09M | ||||
| Interest & Investment Income | 3.39M | 9.95M | 1.78M | 314.00K | ||
| Earnings From Equity Investments | -1.56M | -62.00K | ||||
| Currency Exchange Gain (Loss) | -200.00K | -200.00K | 563.00K | -306.00K | 2.51M | 1.32M |
| Other Non Operating Income (Expenses) | -43.46M | -38.22M | -7.51M | 37.68M | 19.35M | -19.38M |
| EBT Excluding Unusual Items | -269.62M | -255.25M | -66.02M | -18.20M | -98.84M | -93.38M |
| Merger & Restructuring Charges | -15.50M | |||||
| Gain (Loss) on Sale of Investments | -277.00K | |||||
| Gain (Loss) on Sale of Assets | -14.03M | -16.06M | ||||
| Asset Writedown | -53.42M | -54.83M | -1.04M | |||
| Other Unusual Items | 9.81M | -14.59M | ||||
| Pretax Income | -327.26M | -340.73M | -82.56M | -18.20M | -99.12M | -93.38M |
| Income Tax Expense | -10.32M | -19.37M | -15.76M | 443.00K | ||
| Earnings From Continuing Operations | -316.94M | -321.36M | -66.80M | -18.65M | -99.12M | -93.38M |
| Earnings From Discontinued Operations | -66.70M | -46.48M | -383.75M | -54.45M | ||
| Net Income to Company | -383.64M | -367.83M | -450.55M | -73.10M | -99.12M | -93.38M |
| Minority Interest in Earnings | 402.00K | 1.15M | 328.00K | |||
| Net Income | -383.64M | -367.83M | -450.15M | -71.94M | -98.79M | -93.38M |
| Preferred Dividends & Other Adjustments | 13.15M | 12.96M | 87.00K | |||
| Net Income to Common | -396.79M | -380.79M | -450.24M | -71.94M | -98.79M | -93.38M |
| Shares Outstanding (Basic) | 235.31M | 173.64M | 140.54M | 139.71M | 118.47M | 75.36M |
| Shares Outstanding (Diluted) | 235.31M | 173.64M | 140.54M | 139.71M | 118.47M | 75.36M |
| EPS (Basic) | -1.69 | -2.19 | -3.20 | -0.51 | -0.83 | -1.24 |
| EPS (Diluted) | -1.69 | -2.19 | -3.20 | -0.51 | -0.83 | -1.24 |
| Free Cash Flow | -184.81M | 16.66M | -153.65M | -275.75M | -270.80M | -76.91M |
| Free Cash Flow Per Share | -0.79 | 0.10 | -1.09 | -1.97 | -2.29 | -1.02 |
| Gross Margin | 5.90% | 7.36% | 41.74% | |||
| Operating Margin | -19.45% | -23.80% | -2,123.32% | |||
| Profit Margin | -39.80% | -50.42% | -15,303.84% | |||
| Free Cash Flow Margin | -18.54% | 2.21% | -5,222.54% | |||
| EBITDA | -94.05M | -86.44M | -52.01M | -62.18M | -120.45M | -75.45M |
| EBITDA Margin | -9.44% | -11.44% | ||||
| D&A For EBITDA | 99.82M | 93.30M | 10.46M | 3.34M | 478.00K | 120.00K |
| EBIT | -193.87M | -179.74M | -62.47M | -65.53M | -120.93M | -75.57M |
| EBIT Margin | -19.45% | -23.80% | ||||
| Revenue as Reported | 996.85M | 755.29M | 2.94M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 79.11M | 182.45M | 72.64M | 253.34M | 443.06M | 563.96M |
| Short-Term Investments | 39.00K | |||||
| Cash & Short-Term Investments | 79.11M | 182.45M | 72.64M | 253.34M | 443.10M | 563.96M |
| Accounts Receivable | 98.64M | 84.48M | ||||
| Other Receivables | 95.39M | 36.38M | 687.00K | |||
| Receivables | 194.03M | 120.86M | 687.00K | |||
| Inventory | 228.77M | 116.04M | 274.55M | |||
| Prepaid Expenses | 8.29M | 15.88M | ||||
| Restricted Cash | 70.21M | 81.20M | 4.00M | 969.00K | 119.98M | 1.67M |
| Other Current Assets | 179.07M | 162.94M | 220.14M | 57.65M | 8.08M | 1.28M |
| Total Current Assets | 751.20M | 663.49M | 572.02M | 311.95M | 579.46M | 582.79M |
| Property, Plant & Equipment | 648.74M | 453.47M | 405.79M | 1.75M | 225.31M | 21.06M |
| Long-Term Investments | 2.94M | |||||
| Goodwill | 57.45M | 57.45M | 74.53M | |||
| Other Intangible Assets | 157.78M | 180.48M | 283.51M | 2.96M | ||
| Other Long-Term Assets | 27.11M | 17.22M | 418.48M | 11.00K | 11.00K | |
| Total Assets | 1.64B | 1.37B | 1.34B | 732.18M | 827.70M | 627.03M |
| Accounts Payable | 228.02M | 254.08M | 114.28M | 7.92M | 6.76M | 3.81M |
| Accrued Expenses | 59.45M | 29.74M | 77.57M | 8.54M | 52.23M | 21.98M |
| Current Portion of Long-Term Debt | 49.59M | 46.36M | 94.37M | |||
| Current Portion of Leases | 22.39M | 14.93M | 11.24M | 3.26M | ||
| Current Unearned Revenue | 150.40M | 56.73M | 48.70M | 200.00K | ||
| Other Current Liabilities | 67.63M | 61.76M | 63.97M | 32.72M | 121.00K | |
| Total Current Liabilities | 577.48M | 463.59M | 410.12M | 49.18M | 62.58M | 25.80M |
| Long-Term Debt | 500.35M | 343.80M | 507.91M | |||
| Long-Term Leases | 206.16M | 143.53M | 105.69M | 11.14M | ||
| Long-Term Unearned Revenue | 48.19M | 48.19M | 32.00M | |||
| Long-Term Deferred Tax Liabilities | 3.52M | 3.76M | 21.23M | 443.00K | ||
| Other Long-Term Liabilities | 31.29M | 47.35M | 21.76M | 47.84M | 33.85M | 55.75M |
| Total Liabilities | 1.37B | 1.05B | 1.10B | 97.47M | 107.57M | 81.55M |
| Common Stock | 2.81M | 2.66M | 1.56M | 1.40M | 139.85M | 116.85M |
| Additional Paid-In Capital | 1.37B | 1.36B | 971.42M | 925.62M | 772.60M | 533.42M |
| Retained Earnings | -1.16B | -1.09B | -725.24M | -275.00M | -203.05M | -104.26M |
| Treasury Stock | -1.04M | |||||
| Comprehensive Income & Other | -15.22M | -18.21M | -58.98M | -18.83M | 9.09M | -524.00K |
| Total Common Equity | 201.78M | 250.37M | 188.76M | 633.20M | 717.46M | 545.49M |
| Minority Interest | 1.52M | 2.67M | ||||
| Shareholders' Equity | 275.27M | 321.88M | 237.14M | 634.72M | 720.13M | 545.49M |
| Total Liabilities & Equity | 1.64B | 1.37B | 1.34B | 732.18M | 827.70M | 627.03M |
| Total Debt | 778.50M | 548.62M | 719.21M | 14.40M | ||
| Net Cash (Debt) | -699.39M | -366.17M | -646.57M | 253.34M | 428.70M | 563.96M |
| Net Cash Per Share | -2.97 | -2.11 | -4.60 | 1.81 | 3.62 | 7.48 |
| Filing Date Shares Outstanding | 294.53M | 279.04M | 155.94M | 139.71M | 139.71M | 116.85M |
| Total Common Shares Outstanding | 280.60M | 266.27M | 155.93M | 139.71M | 139.71M | 116.85M |
| Working Capital | 173.72M | 199.90M | 161.90M | 262.77M | 516.88M | 556.99M |
| Book Value Per Share | 0.72 | 0.94 | 1.21 | 4.53 | 5.14 | 4.67 |
| Tangible Book Value | -13.45M | 12.44M | -169.27M | 633.20M | 714.49M | 545.49M |
| Tangible Book Value Per Share | -0.05 | 0.05 | -1.09 | 4.53 | 5.11 | 4.67 |
| Land | 44.33M | |||||
| Machinery | 125.49M | 122.69M | 8.06M | 2.90M | 2.59M | 1.18M |
| Construction In Progress | 180.62M | 31.06M | 290.73M | 164.39M | 20.02M | |
| Leasehold Improvements | 196.83M | 193.66M | 6.83M | 21.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -383.64M | -367.83M | -450.15M | -71.94M | -98.79M | -93.38M |
| Depreciation & Amortization | 99.82M | 93.30M | 10.46M | 3.34M | 478.00K | 120.00K |
| Other Amortization | 10.45M | 14.63M | ||||
| Loss (Gain) From Sale of Assets | 14.03M | 10.38M | ||||
| Asset Writedown & Restructuring Costs | 61.33M | 61.25M | 3.03M | 1.35M | 1.46M | |
| Loss (Gain) From Sale of Investments | 277.00K | |||||
| Loss (Gain) on Equity Investments | 379.00K | 3.18M | 62.00K | |||
| Stock-Based Compensation | 14.71M | 11.40M | 7.75M | 11.60M | 8.64M | 14.82M |
| Other Operating Activities | 79.90M | 52.40M | 326.42M | -53.17M | -17.38M | 21.73M |
| Change in Accounts Receivable | -56.79M | -77.21M | ||||
| Change in Inventory | 55.83M | 178.03M | -7.88M | 4.49M | ||
| Change in Accounts Payable | 85.72M | 135.14M | 7.57M | 20.04M | 17.39M | 10.16M |
| Change in Unearned Revenue | 28.91M | -10.93M | ||||
| Change in Other Net Operating Assets | -6.38M | -5.09M | -4.01M | -5.26M | -16.65M | |
| Operating Cash Flow | 3.87M | 95.46M | -102.82M | -87.93M | -90.01M | -63.14M |
| Capital Expenditures | -188.68M | -78.80M | -50.83M | -187.82M | -180.79M | -13.78M |
| Sale of Property, Plant & Equipment | 50.00M | |||||
| Cash Acquisitions | -109.64M | 300.00K | ||||
| Investment in Securities | -5.00M | -5.00M | -1.66M | -3.00M | ||
| Other Investing Activities | -8.59M | 1.20M | 22.73M | 2.50M | 8.46M | -20.01M |
| Investing Cash Flow | -202.27M | -32.60M | -137.73M | -186.98M | -175.03M | -33.79M |
| Long-Term Debt Issued | 154.16M | |||||
| Total Debt Issued | 329.88M | 154.16M | ||||
| Long-Term Debt Repaid | -283.77M | |||||
| Net Debt Issued (Repaid) | 42.22M | -129.61M | ||||
| Issuance of Common Stock | 226.62M | 219.78M | 251.12M | 573.67M | ||
| Repurchase of Common Stock | -3.92M | -101.00K | -1.05M | |||
| Other Financing Activities | -7.06M | -9.98M | -4.13M | 67.83M | ||
| Financing Cash Flow | 307.68M | 129.92M | 45.87M | 250.07M | 649.00M | |
| Foreign Exchange Rate Adjustments | 495.00K | 1.34M | -4.42M | -12.40M | 12.38M | -1.40M |
| Net Cash Flow | 109.77M | 194.13M | -199.10M | -287.30M | -2.58M | 550.68M |
| Free Cash Flow | -184.81M | 16.66M | -153.65M | -275.75M | -270.80M | -76.91M |
| Free Cash Flow Margin | -18.54% | 2.21% | -5,222.54% | |||
| Free Cash Flow Per Share | -0.79 | 0.10 | -1.09 | -1.97 | -2.29 | -1.02 |
| Levered Free Cash Flow | -122.72M | 21.13M | -257.10M | -146.84M | -331.24M | -41.37M |
| Unlevered Free Cash Flow | -113.12M | 29.68M | -257.10M | -146.84M | -331.24M | -41.37M |
| Cash Interest Paid | 15.28M | 17.92M | 3.00K | |||
| Cash Income Tax Paid | 10.00K | 21.00K | 269.00K | |||
| Change in Working Capital | 107.28M | 219.94M | -314.00K | 20.51M | 12.13M | -6.49M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 809.81M | 1.76B | 402.29M | 261.25M | 1.21B | 1.31B |
| Enterprise Value | 1.51B | 2.48B | 236.42M | -14.45M | 809.19M | 683.84M |
| Last Close Price | 2.70 | 6.68 | 2.58 | 1.87 | 8.68 | 11.18 |
| Forward PE | 74.67 | |||||
| PS Ratio | 0.80 | 2.32 | 136.74 | |||
| PB Ratio | 3.75 | 5.45 | 1.70 | 0.41 | 1.68 | 2.40 |
| P/TBV Ratio | 141.08 | 0.41 | 1.70 | 2.40 | ||
| P/FCF Ratio | 105.32 | |||||
| P/OCF Ratio | 205.61 | 18.38 | ||||
| EV/Sales Ratio | 1.50 | 3.29 | 80.36 | |||
| EV/FCF Ratio | 148.91 | |||||
| Debt / Equity Ratio | 2.83 | 1.70 | 3.03 | 0.02 | ||
| Debt / FCF Ratio | 32.92 | |||||
| Net Debt / Equity Ratio | 2.54 | 1.14 | 2.73 | -0.40 | -0.59 | -1.03 |
| Net Debt / EBITDA Ratio | -7.44 | -4.24 | -12.43 | 4.07 | 3.56 | 7.47 |
| Net Debt / FCF Ratio | -3.78 | 21.97 | -4.21 | 0.92 | 1.58 | 7.33 |
| Asset Turnover | 0.65 | 0.56 | 0.00 | |||
| Inventory Turnover | 3.38 | 3.58 | ||||
| Quick Ratio | 0.47 | 0.65 | 0.18 | 5.15 | 7.08 | 21.86 |
| Current Ratio | 1.30 | 1.43 | 1.40 | 6.34 | 9.26 | 22.59 |
| Return on Equity (ROE) | -124.45% | -114.97% | -15.32% | -2.75% | -15.66% | -33.93% |
| Return on Assets (ROA) | -7.93% | -8.30% | -3.78% | -5.25% | -10.39% | -14.69% |
| Return on Invested Capital (ROIC) | -21.70% | -22.87% | -9.88% | -19.48% | -41.50% | |
| Return on Capital Employed (ROCE) | -18.20% | -19.80% | -6.70% | -9.60% | -15.80% | -12.60% |
| Earnings Yield | -61.56% | -20.96% | -111.90% | -27.54% | -8.15% | -7.15% |
| FCF Yield | -23.24% | 0.95% | -38.19% | -105.55% | -22.33% | -5.89% |
| Buyback Yield / Dilution | -58.40% | -23.55% | -0.60% | -17.92% | -57.20% | -166.19% |