Tigo Energy, Inc. income statement
In fiscal 2025, Tigo Energy, Inc. reported revenue of $104m, up 91.7% on the year before, operating income of −$4.5m (a -4.3% margin) and net income of −$1.9m, or −$0.03 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 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 81 | 145 | 54 | 104 | 111 |
| Cost of revenue | 57 | 94 | 58 | 59 | 64 |
| Gross profit | 25 | 51 | −4 | 44 | 47 |
| Research and development | 6 | 9 | 10 | 9 | 10 |
| Selling and marketing | 11 | 21 | 17 | 17 | 18 |
| General and administrative | 9 | 29 | 21 | 22 | 23 |
| Operating income | −1 | −8 | −52 | −4 | −3 |
| Interest expense | 1 | 8 | 11 | 11 | 5 |
| Income before tax | −7 | −1 | −63 | −1 | 7 |
| Income tax | 0 | 0 | 0 | 1 | −3 |
| Net income | −7 | −1 | −63 | −2 | 10 |
| Diluted EPS | −$2.71 | −$0.14 | −$1.04 | −$0.03 | $0.14 |
| Diluted shares (average) | 5m | 43m | 60m | 65m | 72m |
| EBITDA | −0 | −7 | −51 | −3 | −2 |
| 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 | 14 | 17 | 19 | 24 | 31 | 30 | 25 | 25 |
| Cost of revenue | 12 | 30 | 12 | 13 | 18 | 17 | 14 | 15 |
| Gross profit | 2 | −13 | 7 | 11 | 13 | 13 | 11 | 10 |
| Research and development | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 |
| Selling and marketing | 4 | 4 | 4 | 4 | 5 | 5 | 4 | 4 |
| General and administrative | 5 | 5 | 5 | 6 | 5 | 6 | 6 | 5 |
| Operating income | −10 | −24 | −4 | −2 | 1 | 0 | −2 | −2 |
| Interest expense | 3 | 3 | 3 | 3 | 3 | 2 | 0 | 0 |
| Income before tax | −13 | −27 | −7 | −4 | −2 | 12 | −2 | −1 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −0 | −0 | −3 |
| Net income | −13 | −27 | −7 | −4 | −2 | 12 | −2 | 2 |
| Diluted EPS | −$0.22 | −$0.44 | −$0.11 | −$0.07 | −$0.03 | $0.19 | −$0.02 | $0.03 |
| EBITDA | −10 | −24 | −4 | −1 | 1 | 1 | −2 | −1 |
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