T1 Energy Inc. income statement
In fiscal 2025, T1 Energy Inc. reported revenue of $755m, up 25572.8% on the year before, operating income of −$235m (a -31.1% margin) and net income of −$368m, or −$2.19 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 0 | 3 | 755 | 997 |
| Cost of revenue | 0 | 2 | 700 | 914 |
| Gross profit | 0 | 1 | 56 | 83 |
| Research and development | 28 | — | — | — |
| Selling, general and administrative | — | 79 | 235 | 255 |
| General and administrative | 66 | — | — | — |
| Operating income | −66 | −79 | −235 | −227 |
| Income before tax | −18 | −83 | −341 | −329 |
| Income tax | 0 | −16 | −19 | −10 |
| Net income | −72 | −451 | −368 | −384 |
| Diluted EPS | −$0.51 | −$3.20 | −$2.19 | −$1.62 |
| Diluted shares (average) | 140m | 141m | 174m | 237m |
| EBITDA | −62 | −69 | −141 | −150 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 3 | 53 | 133 | 211 | 359 | 178 | 250 |
| Cost of revenue | 0 | 2 | 36 | 100 | 189 | 375 | 149 | 201 |
| Gross profit | 0 | 1 | 18 | 33 | 21 | −16 | 29 | 49 |
| Research and development | 9 | — | — | — | — | — | — | — |
| Selling, general and administrative | 17 | 33 | 43 | 63 | 63 | 69 | 52 | 72 |
| Operating income | −17 | −33 | −26 | −31 | −95 | −87 | −23 | −23 |
| Income before tax | −14 | −47 | −9 | −37 | −140 | −157 | 4 | −36 |
| Income tax | 0 | −16 | −3 | −6 | −12 | 1 | −0 | 1 |
| Net income | −27 | −368 | −16 | −32 | −131 | −189 | −20 | −44 |
| Diluted EPS | −$0.20 | −$2.61 | −$0.11 | −$0.21 | −$0.87 | −$0.98 | −$0.08 | −$0.16 |
| EBITDA | −17 | −29 | −11 | −16 | −81 | −62 | 3 | −9 |
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