Tigo Energy, Inc. (TYGO) Income Statement
TYGO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTYGO revenue and net income
Where TYGO's revenue goes
2025Each bar shows an amount and its share of revenue. TYGO kept −1.8% of revenue as net income.
TYGO profit margins
TYGO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +91.7% | +8.4% | +25.5% | — |
| Gross profit | — | +21.4% | +33.3% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TYGO quarterly EPS vs estimates
Tigo Energy beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 27, 2026 (estimate $-0.03).
TYGO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $103.5M | $54.0M | $145.2M | $81.3M | $43.6M | $33.3M | $0 |
| Cost of revenue | $59.2M | $58.2M | $93.9M | $56.6M | $31.0M | $22.8M | — |
| Gross profit | $44.4M | −$4.2M | $51.3M | $24.8M | $12.6M | $10.5M | — |
| Research & development | $9.2M | $9.9M | $9.5M | $5.7M | $5.8M | $4.1M | — |
| Sales, general & admin | $39.6M | $38.0M | $50.1M | $20.0M | $10.6M | $7.2M | — |
| Total operating expenses | $48.9M | $47.8M | $59.6M | $25.7M | $16.4M | $11.3M | $1,225 |
| Operating income | −$4.5M | −$52.0M | −$8.3M | −$896,000 | −$3.7M | −$716,000 | −$1,225 |
| Interest income | $919,000 | $867,000 | $2.3M | $199,000 | — | — | — |
| Interest expense | $11.0M | $11.4M | $8.1M | $1.5M | $2.5M | $5.5M | — |
| Income before taxes | −$1.3M | −$62.6M | −$846,000 | −$7.0M | −$4.7M | −$6.2M | −$1,225 |
| Income taxes | $603,000 | $103,000 | $138,000 | $71,000 | $200,000 | $23,000 | −$171,860 |
| Net income | −$1.9M | −$62.7M | −$984,000 | −$7.0M | −$4.9M | −$6.2M | −$1,225 |
| EBITDA | $11.0M | −$50.0M | $8.4M | −$4.9M | −$1.7M | −$91,000 | −$1,225 |
| EPS (diluted) | −$0.25 | −$1.04 | −$0.37 | −$0.01 | −$0.03 | −$0.42 | — |
| Gross margin | 42.8% | −7.7% | 35.3% | 30.5% | 29.0% | 31.7% | — |
| Operating margin | −4.3% | −96.3% | −5.7% | −1.1% | −8.5% | −2.2% | — |
| Net margin | −1.8% | −116.2% | −0.7% | −8.7% | −11.1% | −18.6% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.4M | $25.2M | $30.0M | $30.6M | $24.1M | $18.8M | $17.3M | $14.2M | $12.7M | $9.8M | $9.2M | $17.1M |
| Cost of revenue | $15.4M | $14.4M | $16.7M | $17.6M | $13.3M | $11.7M | $29.8M | $12.5M | $8.8M | $7.0M | $6.4M | $12.9M |
| Gross profit | $10.0M | $10.8M | $13.4M | $13.1M | $10.8M | $7.2M | −$12.6M | $1.8M | $3.9M | $2.8M | $2.9M | $4.2M |
| Research & development | $2.5M | $2.6M | $2.3M | $2.5M | $2.3M | $2.2M | $2.3M | $2.4M | $2.7M | $2.5M | $2.4M | $2.4M |
| Sales, general & admin | $9.2M | $10.6M | $10.7M | $9.9M | $10.0M | $9.0M | $9.3M | $9.8M | $9.6M | $9.4M | $14.0M | $13.0M |
| Total operating expenses | $11.7M | $13.2M | $13.0M | $12.4M | $12.3M | $11.2M | $11.5M | $12.2M | $12.3M | $11.9M | $16.4M | $15.4M |
| Operating income | −$1.7M | −$2.4M | $333,000 | $649,000 | −$1.5M | −$4.0M | −$24.1M | −$10.4M | −$8.4M | −$9.1M | −$13.5M | −$11.2M |
| Interest expense | $26,000 | $1,000 | $2.4M | $2.9M | $2.9M | $2.9M | $2.9M | $2.9M | $2.9M | $2.8M | $2.9M | $2.9M |
| Income before taxes | −$1.0M | −$1.9M | $11.6M | −$1.9M | −$4.3M | −$6.7M | −$26.7M | −$13.1M | −$11.3M | −$11.5M | −$14.7M | $40.0M |
| Income taxes | −$3.2M | −$164,000 | −$81,000 | $230,000 | $158,000 | $296,000 | $87,000 | — | $16,000 | — | $109,000 | $11.0M |
| Net income | $2.2M | −$1.8M | $11.7M | −$2.2M | −$4.4M | −$7.0M | −$26.8M | −$13.1M | −$11.3M | −$11.5M | −$14.8M | $29.1M |
| EBITDA | −$640,000 | −$1.6M | $14.4M | $1.2M | −$1.1M | −$3.5M | −$23.5M | −$10.0M | −$8.1M | −$8.4M | −$11.5M | $43.2M |
| EPS (diluted) | $0.05 | −$0.02 | −$0.04 | −$0.03 | −$0.07 | −$0.11 | −$0.44 | −$0.22 | −$0.19 | −$0.19 | −$0.25 | −$0.13 |
| Gross margin | 39.3% | 42.8% | 44.5% | 42.7% | 44.7% | 38.1% | −72.7% | 12.5% | 30.4% | 28.2% | 31.1% | 24.3% |
| Operating margin | −6.6% | −9.6% | 1.1% | 2.1% | −6.3% | −21.1% | −139.5% | −73.2% | −66.2% | −92.7% | −146.5% | −65.6% |
| Net margin | 8.6% | −6.9% | 39.0% | −7.1% | −18.4% | −37.2% | −155.2% | −92.1% | −89.1% | −117.4% | −159.8% | 169.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TYGO's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TYGO financial results
In fiscal year 2025 (ended December 31, 2025), Tigo Energy reported revenue of $103.5 million, up 91.7% from the year before. It had a net loss of $1.9 million, a net profit margin of −1.8%. Diluted earnings per share came to −$0.25. Over five years revenue grew at an average rate of 25.5% a year.
See the TYGO stock overview for the latest quote and news, or the TYGO chart for price history and technical indicators.
TYGO income statement FAQ
What is Tigo Energy's annual revenue?
Tigo Energy reported total revenue of $103.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 91.7% from $54.0 million the previous year.
Is Tigo Energy profitable?
No. Tigo Energy reported a net loss of $1.9 million in fiscal 2025, a net profit margin of −1.8%; its operating margin was −4.3%.
What is Tigo Energy's gross margin?
Tigo Energy's gross margin was 42.8% in fiscal 2025: for every $100 of revenue, Tigo Energy kept $43 after the direct cost of its products and services.
How much does Tigo Energy spend on research and development?
Tigo Energy spent $9.2 million on research and development in fiscal 2025, 8.9% of revenue.
How fast is Tigo Energy growing?
Revenue grew 25.5% a year on average over the last five fiscal years, from $33.3 million to $103.5 million.
What are Tigo Energy's earnings per share?
Tigo Energy earned $-0.25 per diluted share in fiscal 2025, compared with $-1.04 a year earlier.
When will Tigo Energy report its next earnings?
Tigo Energy is expected to report results for the quarter ending September 30, 2026 on October 27, 2026.
When does Tigo Energy's fiscal year end?
Tigo Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.