What is Tigo Energy's operating income?

Tigo Energy's total operating income in 2025 was -$4.50 million, based on the following breakdown: Total Gross Profit: $44.35 million Total Operating Expenses: $48.85 million

Tigo Energy (TYGO) Financials

$2.06 +0.08 (+4.04%)

Closing price 07/10/2026 04:00 PM Eastern

Extended Trading

$2.06 0.00 (0.00%)

As of 07/10/2026 07:50 PM Eastern

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Annual Income Statements for Tigo Energy

This table shows Tigo Energy's income and expenses over time, based on annual financial 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	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.00	-0.40	-13	-4.44	-63	-1.88
Consolidated Net Income / (Loss)	-0.00	-0.40	-7.04	-0.98	-63	-1.88
Net Income / (Loss) Continuing Operations	-0.00	-0.40	-7.04	-0.98	-63	-1.88
Total Pre-Tax Income	-0.00	-0.40	-6.97	-0.85	-63	-1.28
Total Operating Income	-0.00	-0.42	-0.90	-8.28	-52	-4.50
Total Gross Profit	0.00	0.00	25	51	-4.16	44
Total Revenue	0.00	0.00	81	145	54	104
Operating Revenue	-	-	81	145	54	104
Total Cost of Revenue	0.00	0.00	57	94	58	59
Operating Cost of Revenue	-	-	57	94	58	59
Total Operating Expenses	0.00	0.42	26	60	48	49
Selling, General & Admin Expense	0.00	0.42	9.03	29	21	22
Marketing Expense	-	-	11	21	17	17
Research & Development Expense	-	-	5.68	9.50	9.86	9.24
Total Other Income / (Expense), net	0.00	0.01	-6.07	7.43	-11	3.22
Interest Expense	-	-	5.11	8.29	11	12
Interest & Investment Income	0.00	0.01	0.20	2.32	0.87	0.92
Other Income / (Expense), net	-	-	-1.16	13	-0.09	14
Income Tax Expense	-	0.00	0.07	0.14	0.10	0.60
Preferred Stock Dividends Declared	-	-	6.34	3.40	0.00	0.00
Basic Earnings per Share	$0.00	$0.00	($2.71)	($0.08)	($1.04)	($0.03)
Weighted Average Basic Shares Outstanding	2.88M	7.33M	4.94M	38.05M	60.26M	65.01M
Diluted Earnings per Share	$0.00	$0.00	($2.71)	($0.14)	($1.04)	($0.03)
Weighted Average Diluted Shares Outstanding	2.88M	7.33M	4.94M	43.22M	60.26M	65.01M
Weighted Average Basic & Diluted Shares Outstanding	-	0.00	5.71M	59.69M	61.91M	75.60M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	29	-16	-12	-11	-13	-27	-7.00	-4.43	-2.17	12	-1.75
Consolidated Net Income / (Loss)	29	-15	-12	-11	-13	-27	-7.00	-4.43	-2.17	12	-1.75
Net Income / (Loss) Continuing Operations	29	-13	-12	-11	-13	-27	-7.00	-4.43	-2.17	12	-1.75
Total Pre-Tax Income	40	-7.76	-12	-11	-13	-27	-6.71	-4.27	-1.94	12	-1.91
Total Operating Income	-11	-14	-9.09	-8.40	-10	-24	-3.98	-1.50	0.65	0.33	-2.41
Total Gross Profit	4.16	2.88	2.77	3.87	1.77	-13	7.17	11	13	13	11
Total Revenue	17	9.25	9.80	13	14	17	19	24	31	30	25
Operating Revenue	17	9.25	9.80	13	14	17	19	24	31	30	25
Total Cost of Revenue	13	6.37	7.04	8.83	12	30	12	13	18	17	14
Operating Cost of Revenue	13	6.37	7.04	8.83	12	30	12	13	18	17	14
Total Operating Expenses	15	16	12	12	12	12	11	12	12	13	13
Selling, General & Admin Expense	7.35	8.24	4.78	5.51	5.38	5.39	5.07	5.59	5.40	6.12	6.08
Marketing Expense	5.60	5.75	4.60	4.06	4.38	3.89	3.92	4.41	4.52	4.59	4.48
Research & Development Expense	2.43	2.43	2.47	2.70	2.43	2.25	2.16	2.27	2.50	2.31	2.64
Total Other Income / (Expense), net	51	-1.99	-2.42	-2.90	-2.70	-2.63	-2.73	-2.77	-2.59	11	0.50
Interest Expense	2.88	3.22	2.83	2.86	2.86	2.87	2.87	2.87	2.86	3.54	0.00
Other Income / (Expense), net	54	-1.10	0.41	-0.04	0.16	-0.62	0.14	0.10	0.28	14	0.50
Income Tax Expense	11	-	0.00	0.02	0.00	0.09	0.30	0.16	0.23	-0.08	-0.16
Preferred Stock Dividends Declared	0.00	-0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	$0.50	$0.17	($0.19)	($0.19)	($0.22)	($0.44)	($0.11)	($0.07)	($0.03)	$0.18	($0.02)
Weighted Average Basic Shares Outstanding	58.41M	38.05M	59.37M	60.36M	60.61M	60.26M	61.66M	62.29M	65.68M	65.01M	72.58M
Diluted Earnings per Share	($0.27)	$0.92	($0.19)	($0.19)	($0.22)	($0.44)	($0.11)	($0.07)	($0.03)	$0.18	($0.02)
Weighted Average Diluted Shares Outstanding	68.37M	43.22M	59.37M	60.36M	60.61M	60.26M	61.66M	62.29M	65.68M	65.01M	72.58M
Weighted Average Basic & Diluted Shares Outstanding	68.37M	59.69M	60.36M	60.36M	60.74M	61.91M	62.02M	65.74M	70.35M	75.60M	75.91M

This table details how cash moves in and out of Tigo Energy'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	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.78	30	-33	7.34	-4.08
Net Cash From Operating Activities	-0.46	-16	-37	-12	10
Net Cash From Continuing Operating Activities	-0.46	-16	-37	-12	10
Net Income / (Loss) Continuing Operations	-0.40	-7.04	-0.98	-63	-1.88
Consolidated Net Income / (Loss)	-0.40	-7.04	-0.98	-63	-1.88
Depreciation Expense	-	0.56	1.11	1.22	1.27
Amortization Expense	-	0.00	-0.51	-0.35	-0.47
Non-Cash Adjustments To Reconcile Net Income	-0.01	6.63	13	38	4.74
Changes in Operating Assets and Liabilities, net	-0.05	-17	-50	12	6.64
Net Cash From Investing Activities	-117	-1.60	-31	20	23
Net Cash From Continuing Investing Activities	-117	-1.60	-31	20	23
Purchase of Property, Plant & Equipment	-	-1.15	-2.11	-1.29	-0.64
Purchase of Investments	-117	0.00	-53	-11	-31
Divestitures	-	0.00	0.00	0.00	15
Sale and/or Maturity of Investments	-	0.00	25	32	40
Net Cash From Financing Activities	118	48	35	-0.06	-37
Net Cash From Continuing Financing Activities	118	48	35	-0.06	-37
Repayment of Debt	-0.20	-18	-21	0.00	-50
Repurchase of Common Equity	-0.50	-	0.00	-0.23	0.00
Other Financing Activities, net	118	0.33	6.02	0.17	13
Cash Interest Paid	-	1.24	1.42	2.51	3.59
Cash Income Taxes Paid	-	0.11	0.10	0.58	0.26

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-9.49	2.17	4.62	6.12	-5.68	2.29	-3.25	1.71	14	-17	3.90
Net Cash From Operating Activities	-24	-7.84	-11	-1.61	-0.54	1.05	-0.53	7.77	1.43	1.63	-9.25
Net Cash From Continuing Operating Activities	-24	-7.84	-11	-1.61	-0.54	1.05	-0.53	7.77	1.43	1.63	-9.25
Net Income / (Loss) Continuing Operations	29	-15	-12	-11	-13	-27	-7.00	-4.43	-2.17	12	-1.75
Consolidated Net Income / (Loss)	29	-15	-12	-11	-13	-27	-7.00	-4.43	-2.17	12	-1.75
Depreciation Expense	0.28	0.29	0.31	0.30	0.31	0.30	0.36	0.29	0.30	0.32	0.33
Amortization Expense	-0.13	-0.18	-0.13	-0.04	-0.10	-0.09	-0.09	-0.16	-0.17	-0.05	0.00
Non-Cash Adjustments To Reconcile Net Income	2.72	4.46	4.00	3.52	7.27	23	3.72	4.78	5.01	-8.77	2.65
Changes in Operating Assets and Liabilities, net	-56	2.37	-3.95	5.93	5.11	4.55	2.49	7.30	-1.55	-1.60	-10
Net Cash From Investing Activities	11	10	16	7.71	-5.05	1.45	-3.53	-6.11	2.21	30	-0.21
Net Cash From Continuing Investing Activities	11	10	16	7.71	-5.05	1.45	-3.53	-6.11	2.21	30	-0.21
Purchase of Property, Plant & Equipment	-0.35	-0.26	-0.37	-0.05	-0.34	-0.53	0.00	-0.24	0.05	-0.45	-0.21
Acquisitions	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Purchase of Investments	-3.26	-	0.00	-	-6.76	-4.22	-7.96	-11	-9.84	-2.46	0.00
Sale of Property, Plant & Equipment	-0.07	-	0.00	-	-	-	0.00	-	-	-	0.00
Divestitures	-	-	0.00	-	-	-	0.00	-	-	15	0.00
Sale and/or Maturity of Investments	15	10	16	7.77	2.05	6.20	4.43	5.20	12	18	0.00
Net Cash From Financing Activities	3.76	0.00	0.25	0.01	-0.10	-0.22	0.82	0.05	11	-48	13
Net Cash From Continuing Financing Activities	3.76	0.00	0.25	0.01	-0.10	-0.22	0.82	0.05	11	-48	13
Repayment of Debt	-0.00	-	0.00	-	-	-	0.00	-	-	-50	0.00
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-0.21
Issuance of Debt	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Issuance of Common Equity	-	-	-	-	-	-	0.00	-	-	-	14
Other Financing Activities, net	3.76	0.00	0.25	0.01	-0.10	0.01	0.82	0.05	11	1.78	-0.65
Cash Interest Paid	-	1.25	1.25	-	1.25	0.01	1.26	0.01	1.25	1.07	0.00
Cash Income Taxes Paid	-0.01	0.05	0.13	0.25	0.17	0.03	0.02	0.03	0.13	0.09	0.06

This table presents Tigo Energy'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	12/31/2024	12/31/2025
Total Assets	0.02	118	88	128	73	78
Total Current Assets	0.02	0.99	85	105	53	58
Cash & Equivalents	0.02	0.80	36	4.41	12	7.67
Restricted Cash	-	-	1.52	0.00	0.00	0.00
Short-Term Investments	-	-	0.00	27	8.16	0.00
Accounts Receivable	-	0.00	16	6.86	7.98	14
Inventories, net	-	-	25	61	22	31
Prepaid Expenses	0.00	0.19	3.97	5.24	3.53	5.15
Plant, Property, & Equipment, net	0.00	0.00	1.65	3.46	2.81	2.65
Total Noncurrent Assets	0.00	117	1.33	20	17	17
Long-Term Investments	-	-	-	1.98	-	0.00
Goodwill	-	-	0.00	12	12	12
Intangible Assets	-	-	0.00	2.19	1.92	1.65
Other Noncurrent Operating Assets	0.00	117	1.33	3.23	2.56	3.53
Total Liabilities & Shareholders' Equity	0.02	118	88	128	73	78
Total Liabilities	0.00	0.24	57	65	65	50
Total Current Liabilities	0.00	0.24	40	26	17	39
Short-Term Debt	-	-	10	0.00	0.00	0.00
Accounts Payable	0.00	0.24	23	16	8.08	29
Accrued Expenses	-	-	4.77	9.21	7.86	7.76
Current Deferred Revenue	-	-	0.95	0.34	0.53	0.96
Other Current Liabilities	-	-	0.58	1.19	0.65	0.86
Total Noncurrent Liabilities	0.00	0.00	17	39	47	12
Noncurrent Deferred Revenue	-	-	0.17	0.47	0.64	0.86
Other Noncurrent Operating Liabilities	-	-	6.23	6.50	6.26	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.02	0.86	-56	63	8.39	28
Total Preferred & Common Equity	0.02	0.86	-56	63	8.39	28
Total Common Equity	0.02	0.86	-56	63	8.39	28
Common Stock	0.03	1.27	6.52	139	147	168
Retained Earnings	-0.00	-0.41	-62	-76	-139	-140
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	-0.06	0.00	0.00

This table presents Tigo Energy'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
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	143	109	103	99	71	81	108	75
Total Current Assets	117	88	83	79	52	60	88	55
Cash & Equivalents	2.24	9.03	15	9.46	8.50	10	24	12
Restricted Cash	0.00	-	0.20	0.00	0.00	0.00	0.00	0.00
Short-Term Investments	34	13	5.21	10	12	18	16	0.00
Accounts Receivable	20	6.31	6.92	8.83	10	10	16	14
Inventories, net	57	56	51	47	19	19	29	25
Prepaid Expenses	2.78	4.39	4.51	3.59	2.23	3.01	3.15	4.56
Plant, Property, & Equipment, net	2.76	3.38	3.19	3.04	2.53	2.54	2.54	2.53
Total Noncurrent Assets	23	17	17	17	16	18	18	17
Long-Term Investments	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	13	12	12	12	12	12	12	12
Intangible Assets	2.26	2.13	2.06	1.99	1.85	1.79	1.72	1.58
Other Noncurrent Operating Assets	7.79	3.02	2.78	2.61	2.26	3.76	3.61	3.41
Total Liabilities & Shareholders' Equity	143	109	103	99	71	81	108	75
Total Liabilities	67	55	59	65	67	79	96	34
Total Current Liabilities	30	14	15	20	58	68	85	22
Short-Term Debt	0.00	-	-	-	43	45	47	0.00
Accounts Payable	19	6.03	7.09	12	7.97	14	28	14
Accrued Expenses	9.22	6.56	7.18	6.66	6.49	7.38	7.46	6.92
Current Deferred Revenue	0.27	0.44	0.28	0.56	0.69	0.72	1.02	0.50
Other Current Liabilities	1.16	1.12	0.94	0.85	0.44	0.69	0.82	0.87
Total Noncurrent Liabilities	37	41	43	45	8.54	11	11	12
Noncurrent Deferred Revenue	0.19	0.61	0.70	0.67	0.69	0.90	0.88	0.84
Other Noncurrent Operating Liabilities	7.65	6.23	6.37	6.25	7.85	10	10	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	76	54	45	33	3.78	1.69	12	41
Total Preferred & Common Equity	76	54	45	33	3.78	1.69	12	41
Total Common Equity	76	54	45	33	3.78	1.69	12	41
Common Stock	137	142	143	145	149	152	164	183
Retained Earnings	-61	-87	-99	-112	-146	-150	-152	-142
Accumulated Other Comprehensive Income / (Loss)	-0.16	-0.05	-0.02	0.00	0.00	-0.00	0.01	0.00

This table displays calculated financial ratios and metrics derived from Tigo Energy's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	14,836,500.00	14,836,500.00	58,735,987.00	60,743,162.00	70,352,248.00
DEI Adjusted Shares Outstanding	0.00	14,836,500.00	14,836,500.00	58,735,987.00	60,743,162.00	70,352,248.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.03	-0.90	-0.08	-1.03	-0.03
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	78.59%	-62.81%	91.68%
EBITDA Growth	0.00%	-21,063.26%	-259.74%	482.09%	-996.17%	120.98%
EBIT Growth	0.00%	-21,063.26%	-394.88%	348.69%	-1,117.78%	119.09%
NOPAT Growth	0.00%	-21,063.26%	-115.46%	-823.55%	-528.36%	91.35%
Net Income Growth	0.00%	-20,385.60%	-1,648.14%	86.02%	-6,276.63%	97.00%
EPS Growth	0.00%	0.00%	0.00%	94.83%	-642.86%	97.12%
Operating Cash Flow Growth	0.00%	0.00%	-3,450.15%	-125.97%	66.81%	183.37%
Free Cash Flow Firm Growth	0.00%	0.00%	186.94%	-151.70%	92.05%	240.75%
Invested Capital Growth	0.00%	11,904,787.97%	-87.69%	325.84%	-52.63%	-31.18%
Revenue Q/Q Growth	0.00%	0.00%	256.30%	-25.33%	17.46%	14.05%
EBITDA Q/Q Growth	0.00%	0.00%	22.14%	-14.10%	-24.18%	137.98%
EBIT Q/Q Growth	0.00%	0.00%	-7.11%	-14.83%	-23.97%	134.27%
NOPAT Q/Q Growth	0.00%	0.00%	53.37%	-196.39%	-25.45%	84.44%
Net Income Q/Q Growth	0.00%	0.00%	-270.41%	-111.74%	-23.72%	95.35%
EPS Q/Q Growth	0.00%	0.00%	-133.62%	94.64%	-425.00%	95.38%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-23.86%	-14.17%	41.86%	5.88%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-195.86%	67.23%	-54.70%
Invested Capital Q/Q Growth	0.00%	0.00%	-87.75%	-10.62%	-44.50%	5.08%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	0.00%	0.00%	30.46%	35.33%	-7.69%	42.84%
EBITDA Margin	0.00%	0.00%	-1.84%	3.94%	-94.84%	10.38%
Operating Margin	0.00%	0.00%	-1.10%	-5.70%	-96.27%	-4.35%
EBIT Margin	0.00%	0.00%	-2.53%	3.52%	-96.44%	9.61%
Profit (Net Income) Margin	0.00%	0.00%	-8.65%	-0.68%	-116.17%	-1.82%
Tax Burden Percent	100.00%	100.00%	101.02%	116.31%	100.16%	147.22%
Interest Burden Percent	100.00%	96.80%	338.48%	-16.53%	120.26%	-12.84%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-0.96%	-15.33%	-80.70%	-12.87%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	70.75%	-66.78%	-358.18%	6.75%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-8.49%	13.24%	-95.53%	2.43%
Return on Equity (ROE)	-9.01%	-0.68%	-9.44%	-2.09%	-176.23%	-10.44%
Cash Return on Invested Capital (CROIC)	0.00%	-100.25%	155.21%	-139.26%	-9.28%	24.07%
Operating Return on Assets (OROA)	0.00%	0.00%	-2.00%	4.74%	-51.91%	13.18%
Return on Assets (ROA)	0.00%	0.00%	-6.84%	-0.91%	-62.53%	-2.49%
Return on Common Equity (ROCE)	-9.01%	-0.01%	3.47%	-0.16%	-176.23%	-10.44%
Return on Equity Simple (ROE_SIMPLE)	-9.01%	-46.67%	12.64%	-1.57%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.00	-0.29	-0.63	-5.79	-36	-3.15
NOPAT Margin	0.00%	0.00%	-0.77%	-3.99%	-67.39%	-3.04%
Net Nonoperating Expense Percent (NNEP)	-2.59%	-27.00%	-71.71%	51.45%	277.48%	-19.62%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-6.14%	-74.44%	-11.40%
Cost of Revenue to Revenue	0.00%	0.00%	69.54%	64.67%	107.69%	57.16%
SG&A Expenses to Revenue	0.00%	0.00%	11.11%	19.84%	38.99%	21.41%
R&D to Revenue	0.00%	0.00%	6.99%	6.54%	18.25%	8.93%
Operating Expenses to Revenue	0.00%	0.00%	31.56%	41.03%	88.57%	47.18%
Earnings before Interest and Taxes (EBIT)	-0.00	-0.42	-2.06	5.12	-52	9.95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.00	-0.42	-1.50	5.72	-51	11
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	4,585.05	170.28	0.00	1.95	7.13	3.51
Price to Tangible Book Value (P/TBV)	4,585.05	170.28	0.00	2.54	0.00	7.05
Price to Revenue (P/Rev)	0.00	0.00	1.86	0.85	1.11	0.94
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	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%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.25	15.40	1.98	2.77	4.48
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.72	0.83	1.49	0.86
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	21.19	0.00	8.32
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	23.67	0.00	8.99
Enterprise Value to NOPAT (EV/NOPAT)	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	8.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	2.18	0.00	0.00	15.18
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.66	0.50	4.83	0.00
Long-Term Debt to Equity	0.00	0.00	0.34	0.50	4.83	0.00
Financial Leverage	-1.05	-0.01	-0.12	-0.20	0.27	0.36
Leverage Ratio	1.07	1.00	1.38	2.29	2.82	4.19
Compound Leverage Factor	1.07	0.97	4.68	-0.38	3.39	-0.54
Debt to Total Capital	0.00%	0.00%	39.63%	33.44%	82.85%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	19.20%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	20.43%	33.44%	82.85%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	99.27%	167.29%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	0.73%	-106.92%	66.56%	17.15%	100.00%
Debt to EBITDA	0.00	0.00	-13.80	5.52	-0.79	0.00
Net Debt to EBITDA	0.00	0.00	11.41	-0.28	-0.40	0.00
Long-Term Debt to EBITDA	0.00	0.00	-7.11	5.52	-0.79	0.00
Debt to NOPAT	0.00	0.00	-32.91	-5.45	-1.11	0.00
Net Debt to NOPAT	0.00	0.00	27.22	0.28	-0.57	0.00
Long-Term Debt to NOPAT	0.00	0.00	-16.97	-5.45	-1.11	0.00
Altman Z-Score	41,379.94	360.00	2.08	2.31	-3.12	0.68
Noncontrolling Interest Sharing Ratio	0.00%	99.25%	136.79%	92.43%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	15.72	4.05	2.15	3.96	3.12	1.50
Quick Ratio	15.72	3.28	1.33	1.44	1.63	0.56
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-117	102	-53	-4.19	5.89
Operating Cash Flow to CapEx	0.00%	0.00%	-1,436.09%	-1,760.74%	-960.65%	1,604.21%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	19.93	-6.35	-0.37	0.49
Operating Cash Flow to Interest Expense	0.00	0.00	-3.23	-4.49	-1.08	0.85
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-3.45	-4.75	-1.19	0.80
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.79	1.35	0.54	1.37
Accounts Receivable Turnover	0.00	0.00	0.00	12.81	7.28	9.47
Inventory Turnover	0.00	0.00	0.00	2.18	1.40	2.22
Fixed Asset Turnover	0.00	0.00	0.00	56.84	17.23	37.90
Accounts Payable Turnover	0.00	0.00	4.81	4.82	4.90	3.18
Days Sales Outstanding (DSO)	0.00	0.00	0.00	28.50	50.13	38.55
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	167.72	261.65	164.30
Days Payable Outstanding (DPO)	0.00	0.00	75.94	75.72	74.55	114.93
Cash Conversion Cycle (CCC)	0.00	0.00	-75.94	120.49	237.23	87.92
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	-0.00	117	14	61	29	20
Invested Capital Turnover	0.00	0.00	1.24	3.84	1.20	4.23
Increase / (Decrease) in Invested Capital	0.00	117	-102	47	-32	-9.04
Enterprise Value (EV)	100	263	221	121	80	89
Market Capitalization	100	147	151	123	60	97
Book Value per Share	$0.01	$0.06	($3.75)	$1.07	$0.14	$0.39
Tangible Book Value per Share	$0.01	$0.06	($3.75)	$0.82	($0.09)	$0.20
Total Capital	0.02	118	52	94	49	28
Total Debt	0.00	0.00	21	32	41	0.00
Total Long-Term Debt	0.00	0.00	11	32	41	0.00
Net Debt	-0.02	-0.80	-17	-1.62	21	-7.67
Capital Expenditures (CapEx)	0.00	0.00	1.15	2.11	1.29	0.64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.00	-0.06	18	47	16	12
Debt-free Net Working Capital (DFNWC)	0.02	0.75	56	78	36	19
Net Working Capital (NWC)	0.02	0.75	46	78	36	19
Net Nonoperating Expense (NNE)	0.00	0.11	6.41	-4.81	26	-1.27
Net Nonoperating Obligations (NNO)	-0.02	-0.80	-17	-1.62	21	-7.67
Total Depreciation and Amortization (D&A)	0.00	0.00	0.56	0.60	0.87	0.80
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	21.87%	32.42%	30.36%	11.17%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	68.25%	53.91%	67.20%	18.57%
Net Working Capital to Revenue	0.00%	0.00%	55.95%	53.91%	67.20%	18.57%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.08)	($1.04)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	0.00	2.83M	14.76M	38.05M	60.26M	65.01M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.14)	($1.04)	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	14.76M	43.22M	60.26M	65.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	5.71M	59.69M	61.91M	75.60M
Normalized Net Operating Profit after Tax (NOPAT)	-0.00	-0.29	-0.63	-5.79	-36	-3.15
Normalized NOPAT Margin	0.00%	0.00%	-0.77%	-3.99%	-67.39%	-3.04%
Pre Tax Income Margin	0.00%	0.00%	-8.57%	-0.58%	-115.98%	-1.23%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-0.40	0.62	-4.56	0.82
NOPAT to Interest Expense	0.00	0.00	-0.12	-0.70	-3.19	-0.26
EBIT Less CapEx to Interest Expense	0.00	0.00	-0.63	0.36	-4.67	0.77
NOPAT Less CapEx to Interest Expense	0.00	0.00	-0.35	-0.95	-3.30	-0.31
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-1.98%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-123.27%	-1.98%	0.00%	-0.36%	0.00%

This table displays calculated financial ratios and metrics derived from Tigo Energy's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	58,144,543.00	58,735,987.00	59,689,553.00	60,361,628.00	60,477,864.00	60,743,162.00	61,912,439.00	62,016,316.00	65,740,057.00	70,352,248.00	75,603,796.00
DEI Adjusted Shares Outstanding	58,144,543.00	58,735,987.00	59,689,553.00	60,361,628.00	60,477,864.00	60,743,162.00	61,912,439.00	62,016,316.00	65,740,057.00	70,352,248.00	75,603,796.00
DEI Earnings Per Adjusted Shares Outstanding	0.50	-0.27	-0.19	-0.19	-0.22	-0.44	-0.11	-0.07	-0.03	0.17	-0.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-25.06%	-84.20%	-80.42%	-81.55%	-16.76%	86.85%	92.20%	89.39%	115.02%	73.84%	33.75%
EBITDA Growth	2,370.46%	-1,713.38%	-198.58%	73.98%	-123.34%	-68.67%	58.01%	84.33%	110.54%	159.32%	55.55%
EBIT Growth	2,168.13%	-2,071.69%	-203.52%	73.22%	-123.91%	-68.81%	55.83%	83.37%	109.02%	157.70%	50.10%
NOPAT Growth	-455.94%	-1,924.07%	-216.21%	-196.98%	10.47%	-77.88%	56.24%	82.10%	106.23%	101.99%	39.40%
Net Income Growth	1,827.47%	-173.02%	-266.51%	48.95%	-145.14%	-81.41%	39.15%	60.87%	83.49%	143.72%	75.00%
EPS Growth	70.65%	159.35%	-480.00%	77.38%	18.52%	-147.83%	42.11%	63.16%	86.36%	140.91%	81.82%
Operating Cash Flow Growth	-257.80%	-143.27%	-121.47%	-1,149.67%	97.81%	113.43%	95.30%	583.94%	367.66%	54.32%	-1,645.66%
Free Cash Flow Firm Growth	2,327.50%	-154.71%	-149.64%	-153.15%	-78.04%	127.26%	175.69%	163.20%	276.64%	-38.92%	-112.69%
Invested Capital Growth	-41.65%	325.84%	182.17%	3,107.17%	-23.72%	-52.63%	-60.35%	-69.12%	-63.65%	-31.18%	11.54%
Revenue Q/Q Growth	-75.15%	-45.95%	6.02%	29.58%	12.09%	21.33%	9.06%	27.69%	27.26%	-1.91%	-16.09%
EBITDA Q/Q Growth	236.99%	-133.75%	41.50%	3.79%	-22.90%	-143.86%	85.44%	64.10%	182.67%	1,272.52%	-110.91%
EBIT Q/Q Growth	236.07%	-134.13%	40.70%	2.73%	-21.47%	-140.94%	84.48%	63.38%	165.88%	1,441.51%	-113.42%
NOPAT Q/Q Growth	-234.29%	-16.38%	32.89%	7.54%	-23.97%	-131.25%	83.49%	62.18%	143.15%	-26.19%	-603.10%
Net Income Q/Q Growth	231.02%	-150.85%	22.12%	1.61%	-15.86%	-104.33%	73.88%	36.72%	51.11%	640.95%	-114.94%
EPS Q/Q Growth	67.86%	440.74%	-120.65%	0.00%	-15.79%	-100.00%	75.00%	36.36%	57.14%	700.00%	-111.11%
Operating Cash Flow Q/Q Growth	-16,077.12%	67.92%	-43.64%	85.74%	66.69%	296.82%	-150.33%	1,566.42%	-81.57%	13.48%	-669.35%
Free Cash Flow Firm Q/Q Growth	-66.38%	-238.20%	12.82%	-31.23%	113.89%	71.52%	142.07%	9.57%	-17.21%	-72.18%	-150.30%
Invested Capital Q/Q Growth	3,534.87%	-10.62%	8.13%	-8.70%	-13.54%	-44.50%	-9.49%	-28.91%	1.77%	5.08%	46.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.31%	31.11%	28.22%	30.45%	12.46%	-72.73%	38.08%	44.74%	42.66%	44.47%	42.84%
EBITDA Margin	251.68%	-157.13%	-86.70%	-64.37%	-70.58%	-141.85%	-18.94%	-5.33%	3.46%	48.40%	-6.29%
Operating Margin	-65.59%	-146.48%	-92.72%	-66.16%	-73.17%	-139.45%	-21.11%	-6.25%	2.12%	1.11%	-9.56%
EBIT Margin	250.78%	-158.33%	-88.55%	-66.48%	-72.04%	-143.05%	-20.35%	-5.84%	3.02%	47.48%	-7.59%
Profit (Net Income) Margin	169.88%	-159.81%	-117.38%	-89.13%	-92.13%	-155.16%	-37.16%	-18.42%	-7.08%	39.02%	-6.95%
Tax Burden Percent	72.61%	190.51%	100.00%	100.14%	100.00%	100.33%	104.41%	103.70%	111.88%	100.70%	91.43%
Interest Burden Percent	93.30%	52.98%	132.56%	133.90%	127.90%	108.11%	174.88%	304.27%	-209.30%	81.60%	100.05%
Effective Tax Rate	27.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.70%	0.00%
Return on Invested Capital (ROIC)	-99.67%	-394.07%	-152.01%	-72.62%	-39.02%	-116.91%	-20.16%	-8.24%	3.78%	4.72%	-26.51%
ROIC Less NNEP Spread (ROIC-NNEP)	-1,077.04%	-337.42%	-239.68%	11.92%	-140.99%	-221.59%	-44.73%	-28.92%	-16.61%	180.65%	-27.66%
Return on Net Nonoperating Assets (RNNOA)	42.38%	66.91%	-36.11%	-2.04%	-14.74%	-59.10%	-26.43%	-20.34%	-9.38%	64.92%	-6.75%
Return on Equity (ROE)	-57.29%	-327.16%	-188.12%	-74.66%	-53.76%	-176.01%	-46.59%	-28.57%	-5.59%	69.64%	-33.26%
Cash Return on Invested Capital (CROIC)	59.08%	-139.26%	-134.67%	-323.53%	-21.16%	-9.28%	15.41%	34.84%	36.52%	24.07%	-21.05%
Operating Return on Assets (OROA)	373.70%	-213.06%	-138.76%	-21.76%	-27.41%	-77.00%	-14.28%	-4.72%	2.66%	65.14%	-11.47%
Return on Assets (ROA)	253.15%	-215.04%	-183.94%	-29.18%	-35.06%	-83.52%	-26.07%	-14.90%	-6.22%	53.53%	-10.49%
Return on Common Equity (ROCE)	-22.62%	-24.75%	-128.99%	-74.66%	-53.76%	-176.01%	-46.59%	-28.57%	-5.59%	69.64%	-33.26%
Return on Equity Simple (ROE_SIMPLE)	11.05%	0.00%	-35.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.15	-9.48	-6.36	-5.88	-7.29	-17	-2.78	-1.05	0.45	0.34	-1.69
NOPAT Margin	-47.62%	-102.54%	-64.90%	-46.31%	-51.22%	-97.62%	-14.78%	-4.38%	1.48%	1.12%	-6.70%
Net Nonoperating Expense Percent (NNEP)	977.37%	-56.65%	87.67%	-84.54%	101.97%	104.68%	24.57%	20.69%	20.39%	-175.93%	1.16%
Return On Investment Capital (ROIC_SIMPLE)	-	-10.04%	-7.22%	-7.28%	-10.16%	-34.49%	-5.98%	-2.26%	0.77%	1.21%	-4.13%
Cost of Revenue to Revenue	75.69%	68.89%	71.78%	69.55%	87.54%	172.73%	61.92%	55.26%	57.34%	55.53%	57.16%
SG&A Expenses to Revenue	42.97%	89.13%	48.77%	43.39%	37.79%	31.20%	26.91%	23.23%	17.63%	20.36%	24.13%
R&D to Revenue	14.18%	26.32%	25.21%	21.29%	17.09%	13.04%	11.49%	9.42%	8.17%	7.70%	10.49%
Operating Expenses to Revenue	89.90%	177.59%	120.93%	96.61%	85.63%	66.72%	59.19%	51.00%	40.54%	43.36%	52.40%
Earnings before Interest and Taxes (EBIT)	43	-15	-8.68	-8.44	-10	-25	-3.83	-1.40	0.93	14	-1.91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	-15	-8.50	-8.18	-10	-25	-3.57	-1.28	1.06	15	-1.59
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.38	1.95	1.18	2.08	3.07	7.13	13.78	46.73	13.63	3.51	6.96
Price to Tangible Book Value (P/TBV)	6.74	2.54	1.60	3.05	5.34	0.00	0.00	0.00	0.00	7.05	10.51
Price to Revenue (P/Rev)	2.10	0.85	0.61	1.90	2.24	1.11	0.82	1.06	1.81	0.94	2.59
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	84.33
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%	0.00%	0.00%	0.00%	1.19%
Enterprise Value to Invested Capital (EV/IC)	5.84	1.98	1.14	1.80	2.33	2.77	2.84	5.15	9.02	4.48	9.32
Enterprise Value to Revenue (EV/Rev)	2.06	0.83	0.72	2.22	2.64	1.49	1.18	1.29	1.89	0.86	2.48
Enterprise Value to EBITDA (EV/EBITDA)	60.15	21.19	0.00	9.17	0.00	0.00	0.00	0.00	0.00	8.32	21.43
Enterprise Value to EBIT (EV/EBIT)	66.60	23.67	0.00	9.76	0.00	0.00	0.00	0.00	0.00	8.99	22.98
Enterprise Value to NOPAT (EV/NOPAT)	66.60	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	12.38	17.61	8.68	172.92
Enterprise Value to Free Cash Flow (EV/FCFF)	7.29	0.00	0.00	0.00	0.00	0.00	10.46	6.97	13.17	15.18	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.50	0.62	0.81	1.14	4.83	11.32	26.58	3.92	0.00	0.00
Long-Term Debt to Equity	0.39	0.50	0.62	0.81	1.14	4.83	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.04	-0.20	0.15	-0.17	0.10	0.27	0.59	0.70	0.56	0.36	0.24
Leverage Ratio	1.35	2.29	1.72	3.97	2.21	2.82	3.09	3.96	4.53	4.19	3.26
Compound Leverage Factor	1.26	1.21	2.28	5.32	2.83	3.05	5.41	12.06	-9.49	3.42	3.26
Debt to Total Capital	27.89%	33.44%	38.36%	44.62%	53.35%	82.85%	91.89%	96.37%	79.66%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	91.89%	96.37%	79.66%	0.00%	0.00%
Long-Term Debt to Total Capital	27.89%	33.44%	38.36%	44.62%	53.35%	82.85%	0.00%	0.00%	0.00%	0.00%	0.00%
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	72.11%	66.56%	61.64%	55.39%	46.65%	17.15%	8.11%	3.63%	20.34%	100.00%	100.00%
Debt to EBITDA	4.41	5.52	-2.96	3.04	-0.93	-0.79	-0.92	-1.14	-1.67	0.00	0.00
Net Debt to EBITDA	-1.10	-0.28	-1.04	1.32	-0.46	-0.40	-0.49	-0.43	-0.25	0.00	0.00
Long-Term Debt to EBITDA	4.41	5.52	-2.96	3.04	-0.93	-0.79	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	4.88	-5.45	-1.92	-0.85	-1.32	-1.11	-1.30	-1.61	-2.33	0.00	0.00
Net Debt to NOPAT	-1.22	0.28	-0.67	-0.37	-0.65	-0.57	-0.68	-0.61	-0.34	0.00	0.00
Long-Term Debt to NOPAT	4.88	-5.45	-1.92	-0.85	-1.32	-1.11	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.11	1.80	1.10	0.60	0.20	-1.88	-1.82	-1.25	-0.04	0.86	4.27
Noncontrolling Interest Sharing Ratio	60.52%	92.43%	31.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.89	3.96	6.24	5.37	3.96	3.12	0.89	0.89	1.03	1.50	2.46
Quick Ratio	1.89	1.44	2.00	1.75	1.42	1.63	0.53	0.56	0.66	0.56	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	41	-56	-49	-64	8.95	15	37	41	34	9.38	-4.72
Operating Cash Flow to CapEx	-5,848.09%	-3,028.19%	-3,069.75%	-3,149.02%	-157.82%	199.05%	0.00%	3,198.35%	0.00%	365.17%	-4,426.79%
Free Cash Flow to Firm to Interest Expense	14.17	-17.50	-17.37	-22.51	3.13	5.35	12.94	14.20	11.78	2.65	-4,716.00
Operating Cash Flow to Interest Expense	-8.50	-2.44	-3.99	-0.56	-0.19	0.37	-0.18	2.71	0.50	0.46	-9,252.00
Operating Cash Flow Less CapEx to Interest Expense	-8.65	-2.52	-4.12	-0.58	-0.31	0.18	-0.18	2.63	0.52	0.33	-9,461.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.49	1.35	1.57	0.33	0.38	0.54	0.70	0.81	0.88	1.37	1.51
Accounts Receivable Turnover	0.00	12.81	0.00	1.85	3.15	7.28	7.56	8.60	7.38	9.47	8.95
Inventory Turnover	0.00	2.18	0.00	0.69	0.67	1.40	1.68	1.92	1.92	2.22	2.83
Fixed Asset Turnover	0.00	56.84	0.00	16.21	15.84	17.23	21.36	25.98	32.49	37.90	43.41
Accounts Payable Turnover	13.02	4.82	19.85	1.15	2.22	4.90	8.97	6.31	3.60	3.18	5.61
Days Sales Outstanding (DSO)	0.00	28.50	0.00	197.01	115.83	50.13	48.28	42.46	49.47	38.55	40.76
Days Inventory Outstanding (DIO)	0.00	167.72	0.00	528.80	548.13	261.65	216.97	190.59	190.01	164.30	128.85
Days Payable Outstanding (DPO)	28.04	75.72	18.39	317.46	164.78	74.55	40.68	57.83	101.40	114.93	65.02
Cash Conversion Cycle (CCC)	-28.04	120.49	-18.39	408.35	499.18	237.23	224.57	175.22	138.08	87.92	104.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	68	61	66	60	52	29	26	19	19	20	29
Invested Capital Turnover	2.09	3.84	2.34	1.57	0.76	1.20	1.36	1.88	2.55	4.23	3.96
Increase / (Decrease) in Invested Capital	-49	47	43	59	-16	-32	-40	-42	-33	-9.04	3.03
Enterprise Value (EV)	400	121	76	109	122	80	74	96	171	89	273
Market Capitalization	408	123	64	93	103	60	52	79	164	97	284
Book Value per Share	$1.30	$1.07	$0.91	$0.74	$0.55	$0.14	$0.06	$0.03	$0.18	$0.39	$0.54
Tangible Book Value per Share	$1.04	$0.82	$0.67	$0.50	$0.32	($0.09)	($0.17)	($0.20)	($0.03)	$0.20	$0.36
Total Capital	105	94	88	81	72	49	47	47	59	28	41
Total Debt	29	32	34	36	38	41	43	45	47	0.00	0.00
Total Long-Term Debt	29	32	34	36	38	41	0.00	0.00	0.00	0.00	0.00
Net Debt	-7.35	-1.62	12	16	19	21	22	17	6.93	-7.67	-12
Capital Expenditures (CapEx)	0.42	0.26	0.37	0.05	0.34	0.53	0.00	0.24	-0.05	0.45	0.21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	50	47	52	47	39	16	16	9.32	9.82	12	21
Debt-free Net Working Capital (DFNWC)	87	78	74	68	59	36	36	37	50	19	33
Net Working Capital (NWC)	87	78	74	68	59	36	-6.54	-7.65	2.89	19	33
Net Nonoperating Expense (NNE)	-37	5.29	5.14	5.44	5.83	9.94	4.22	3.38	2.62	-11	0.06
Net Nonoperating Obligations (NNO)	-7.35	-1.62	12	16	19	21	22	17	6.93	-7.67	-12
Total Depreciation and Amortization (D&A)	0.16	0.11	0.18	0.27	0.21	0.21	0.27	0.12	0.13	0.28	0.33
Debt-free, Cash-free Net Working Capital to Revenue	25.93%	32.42%	49.81%	96.75%	85.48%	30.36%	25.26%	12.52%	10.82%	11.17%	19.25%
Debt-free Net Working Capital to Revenue	44.79%	53.91%	70.72%	138.42%	127.90%	67.20%	57.42%	50.17%	55.19%	18.57%	29.79%
Net Working Capital to Revenue	44.79%	53.91%	70.72%	138.42%	127.90%	67.20%	-10.38%	-10.28%	3.18%	18.57%	29.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.50	$0.17	($0.19)	($0.19)	($0.22)	($0.44)	($0.11)	($0.07)	($0.03)	$0.18	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	58.41M	38.05M	59.37M	60.36M	60.61M	60.26M	61.66M	62.29M	65.68M	65.01M	72.58M
Adjusted Diluted Earnings per Share	($0.27)	$0.92	($0.19)	($0.19)	($0.22)	($0.44)	($0.11)	($0.07)	($0.03)	$0.18	($0.02)
Adjusted Weighted Average Diluted Shares Outstanding	68.37M	43.22M	59.37M	60.36M	60.61M	60.26M	61.66M	62.29M	65.68M	65.01M	72.58M
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	68.37M	59.69M	60.36M	60.36M	60.74M	61.91M	62.02M	65.74M	70.35M	75.60M	75.91M
Normalized Net Operating Profit after Tax (NOPAT)	-8.15	-9.48	-6.36	-5.88	-7.29	-17	-2.78	-1.05	0.45	0.23	-1.69
Normalized NOPAT Margin	-47.62%	-102.54%	-64.90%	-46.31%	-51.22%	-97.62%	-14.78%	-4.38%	1.48%	0.78%	-6.70%
Pre Tax Income Margin	233.97%	-83.88%	-117.38%	-89.01%	-92.13%	-154.65%	-35.59%	-17.76%	-6.32%	38.75%	-7.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.92	-4.55	-3.07	-2.95	-3.58	-8.61	-1.34	-0.49	0.32	4.03	-1,913.00
NOPAT to Interest Expense	-2.83	-2.95	-2.25	-2.06	-2.55	-5.87	-0.97	-0.37	0.16	0.09	-1,687.00
EBIT Less CapEx to Interest Expense	14.77	-4.63	-3.20	-2.97	-3.70	-8.79	-1.34	-0.57	0.34	3.90	-2,122.00
NOPAT Less CapEx to Interest Expense	-2.98	-3.03	-2.38	-2.07	-2.67	-6.06	-0.97	-0.45	0.17	-0.03	-1,896.00
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%	-0.36%	0.00%	0.00%	0.00%	0.00%	6.17%

Financials Breakdown Chart

Tigo Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tigo Energy's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Tigo Energy's net income appears to be on an upward trend, with a most recent value of -$1.88 million in 2025, rising from -$1.97 thousand in 2020. The previous period was -$62.75 million in 2024. Check out Tigo Energy's forecast to explore projected trends and price targets.

Tigo Energy's total operating income in 2025 was -$4.50 million, based on the following breakdown:

Total Gross Profit: $44.35 million
Total Operating Expenses: $48.85 million

Over the last 5 years, Tigo Energy's total revenue changed from $0.00 in 2020 to $103.54 million in 2025, a change of 10,353,600,000.0%.

Tigo Energy's total liabilities were at $50.41 million at the end of 2025, a 21.9% decrease from 2024, and a 3,476,727.6% increase since 2020.

In the past 5 years, Tigo Energy's cash and equivalents has ranged from $22.79 thousand in 2020 to $36.19 million in 2022, and is currently $7.67 million as of their latest financial filing in 2025.

Over the last 5 years, Tigo Energy's book value per share changed from 0.01 in 2020 to 0.39 in 2025, a change of 5,065.8%.

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Financial statements for NASDAQ:TYGO last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Tigo Energy (TYGO) Financials

Financials Breakdown Chart

Tigo Energy Financials - Frequently Asked Questions

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Tigo Energy (TYGO) Financials

Annual Income Statements for Tigo Energy

Quarterly Income Statements for Tigo Energy

Annual Cash Flow Statements for Tigo Energy

Quarterly Cash Flow Statements for Tigo Energy

Annual Balance Sheets for Tigo Energy

Quarterly Balance Sheets for Tigo Energy

Annual Metrics And Ratios for Tigo Energy

Quarterly Metrics And Ratios for Tigo Energy

Financials Breakdown Chart

Tigo Energy Financials - Frequently Asked Questions

When does Tigo Energy's financial year end?

How has Tigo Energy's net income changed over the last 5 years?

What is Tigo Energy's operating income?

How has Tigo Energy's revenue changed over the last 5 years?

How much debt does Tigo Energy have?

How much cash does Tigo Energy have?

How has Tigo Energy's book value per share changed over the last 5 years?

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