T1 Energy Financials
This page shows T1 Energy (TE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
T1 Energy has an operating margin of -2524.2%, meaning the company retains $-2524 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
T1 Energy has elevated debt relative to equity (D/E of 2.69), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 11/100, reflecting increased financial risk.
T1 Energy's current ratio of 1.41 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.
While T1 Energy generated -$102.8M in operating cash flow, capex of $50.8M consumed most of it, leaving -$153.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
T1 Energy passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, T1 Energy generates $0.23 in operating cash flow (-$102.8M OCF vs -$450.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
T1 Energy generated $2.9M in revenue in fiscal year 2024.
T1 Energy's EBITDA was -$63.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.6% from the prior year.
T1 Energy generated -$153.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 44.3% from the prior year.
T1 Energy reported -$450.6M in net income in fiscal year 2024. This represents a decrease of 526.2% from the prior year.
T1 Energy earned $-3.20 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 527.5% from the prior year.
T1 Energy held $72.6M in cash against $507.9M in long-term debt as of fiscal year 2024.
T1 Energy paid $0.00 per share in dividends in fiscal year 2024.
T1 Energy had 156M shares outstanding in fiscal year 2024. This represents an increase of 11.6% from the prior year.
T1 Energy's gross margin was 41.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.
T1 Energy's operating margin was -2524.2% in fiscal year 2024, reflecting core business profitability.
T1 Energy's net profit margin was -15314.5% in fiscal year 2024, showing the share of revenue converted to profit.
T1 Energy invested $50.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 72.9% from the prior year.
TE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $210.5M+58.6% | $132.8M+148.4% | $53.5M+1716.9% | $2.9M | $0 | $0 | N/A | N/A |
| Cost of Revenue | $189.4M+89.4% | $100.0M+180.4% | $35.7M+1981.2% | $1.7M | $0 | $0 | N/A | N/A |
| Gross Profit | $21.1M-35.4% | $32.8M+84.2% | $17.8M+1348.0% | $1.2M | $0 | $0 | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | $8.6M-17.9% | $10.5M-10.7% | $11.7M | N/A | $7.1M |
| SG&A Expenses | $62.7M+1.1% | $62.0M+49.7% | $41.4M+40.8% | $29.4M+114.9% | $13.7M-8.8% | $15.0M | N/A | $27.8M |
| Operating Income | -$94.7M-224.3% | -$29.2M-23.7% | -$23.6M+16.2% | -$28.2M-105.9% | -$13.7M+8.8% | -$15.0M | N/A | -$35.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$12.1M-102.1% | -$6.0M-137.9% | -$2.5M+84.1% | -$15.8M-143472.7% | $11K | $0 | N/A | $0 |
| Net Income | -$130.6M-309.2% | -$31.9M-96.5% | -$16.2M+95.6% | -$367.5M-1261.9% | -$27.0M+5.5% | -$28.5M | N/A | -$9.8M |
| EPS (Diluted) | $-0.87-314.3% | $-0.21-90.9% | $-0.11+95.8% | $-2.61-1273.7% | $-0.19+5.0% | $-0.20 | N/A | $-0.07 |
TE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B-1.3% | $1.4B-1.2% | $1.4B+7.2% | $1.3B+107.3% | $644.4M-3.9% | $670.3M-8.5% | $732.2M | N/A |
| Current Assets | $695.2M+7.9% | $644.5M+2.8% | $626.7M+7.5% | $583.2M+148.8% | $234.4M-12.6% | $268.2M-14.0% | $312.0M | N/A |
| Cash & Equivalents | $34.1M+304.0% | $8.5M-82.7% | $48.9M-32.7% | $72.6M-66.9% | $219.6M-12.1% | $249.9M-1.4% | $253.3M-15.4% | $299.4M |
| Inventory | $252.0M-22.8% | $326.2M-2.0% | $333.0M+21.3% | $274.5M | N/A | N/A | $0 | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $60.9M0.0% | $60.9M-18.3% | $74.5M0.0% | $74.5M | N/A | N/A | $0 | N/A |
| Total Liabilities | $1.2B+5.1% | $1.2B-0.1% | $1.2B+7.4% | $1.1B+1247.6% | $81.5M-5.9% | $86.6M-11.1% | $97.5M | N/A |
| Current Liabilities | $615.6M+20.3% | $511.8M+3.8% | $493.1M+19.1% | $414.0M+1071.2% | $35.4M-11.7% | $40.0M-18.6% | $49.2M | N/A |
| Long-Term Debt | $427.2M-10.6% | $477.9M-2.0% | $487.7M-4.0% | $507.9M | N/A | $507.9M | $0 | N/A |
| Total Equity | $96.9M-47.3% | $183.9M-8.9% | $201.9M+7.0% | $188.8M-66.4% | $561.6M-3.5% | $582.3M-8.0% | $633.2M-0.2% | $634.4M |
| Retained Earnings | -$903.9M-16.9% | -$773.4M-4.3% | -$741.5M-2.2% | -$725.2M-119.4% | -$330.5M-8.9% | -$303.5M-10.4% | -$275.0M | N/A |
TE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $63.9M+91.0% | $33.4M+174.6% | -$44.8M-48.2% | -$30.2M-8.1% | -$28.0M-72.5% | -$16.2M+52.2% | -$34.0M-76.3% | -$19.3M |
| Capital Expenditures | $8.9M-61.1% | $22.8M-21.8% | $29.1M+80.5% | $16.1M+111.2% | $7.6M-64.4% | $21.5M+12.8% | $19.0M-53.0% | $40.5M |
| Free Cash Flow | $55.0M+417.3% | $10.6M+114.4% | -$74.0M-59.4% | -$46.4M-30.2% | -$35.6M+5.4% | -$37.7M+28.9% | -$53.0M+11.3% | -$59.7M |
| Investing Cash Flow | -$8.9M+61.1% | -$22.8M-203.4% | $22.1M+117.5% | -$125.8M-3100.6% | -$3.9M-61.5% | -$2.4M+87.2% | -$19.0M+48.5% | -$37.0M |
| Financing Cash Flow | -$14.9M-0.3% | -$14.9M-295.6% | -$3.8M-107.5% | $50.0M | $0 | $0 | $0 | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.1%-14.6pp | 24.7%-8.6pp | 33.3%-8.5pp | 41.7% | N/A | N/A | N/A | N/A |
| Operating Margin | -45.0%-23.0pp | -22.0%+22.2pp | -44.2%+913.6pp | -957.8% | N/A | N/A | N/A | N/A |
| Net Margin | -62.0%-38.0pp | -24.0%+6.3pp | -30.4%+12462.8pp | -12493.2% | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -9.3%-7.1pp | -2.3%-1.1pp | -1.1%+26.4pp | -27.5%-23.3pp | -4.2%+0.1pp | -4.3% | N/A | N/A |
| Current Ratio | 1.13-0.1 | 1.26-0.0 | 1.27-0.1 | 1.41-5.2 | 6.63-0.1 | 6.70+0.4 | 6.34 | N/A |
| Debt-to-Equity | 4.41+1.8 | 2.60+0.2 | 2.41-0.3 | 2.69+2.5 | 0.15-0.7 | 0.87+0.9 | 0.00 | N/A |
| FCF Margin | 26.1%+18.1pp | 8.0%+146.4pp | -138.4%+1438.4pp | -1576.8% | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is T1 Energy's annual revenue?
T1 Energy (TE) reported $2.9M in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is T1 Energy profitable?
No, T1 Energy (TE) reported a net income of -$450.6M in fiscal year 2024, with a net profit margin of -15314.5%.
What is T1 Energy's earnings per share (EPS)?
T1 Energy (TE) reported diluted earnings per share of $-3.20 for fiscal year 2024. This represents a -527.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is T1 Energy's EBITDA?
T1 Energy (TE) had EBITDA of -$63.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does T1 Energy have?
As of fiscal year 2024, T1 Energy (TE) had $72.6M in cash and equivalents against $507.9M in long-term debt.
What is T1 Energy's gross margin?
T1 Energy (TE) had a gross margin of 41.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is T1 Energy's operating margin?
T1 Energy (TE) had an operating margin of -2524.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is T1 Energy's net profit margin?
T1 Energy (TE) had a net profit margin of -15314.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is T1 Energy's free cash flow?
T1 Energy (TE) generated -$153.6M in free cash flow during fiscal year 2024. This represents a 44.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is T1 Energy's operating cash flow?
T1 Energy (TE) generated -$102.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are T1 Energy's total assets?
T1 Energy (TE) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are T1 Energy's capital expenditures?
T1 Energy (TE) invested $50.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does T1 Energy have outstanding?
T1 Energy (TE) had 156M shares outstanding as of fiscal year 2024.
What is T1 Energy's current ratio?
T1 Energy (TE) had a current ratio of 1.41 as of fiscal year 2024, which is considered adequate.
What is T1 Energy's debt-to-equity ratio?
T1 Energy (TE) had a debt-to-equity ratio of 2.69 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is T1 Energy's return on assets (ROA)?
T1 Energy (TE) had a return on assets of -33.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is T1 Energy's cash runway?
Based on fiscal year 2024 data, T1 Energy (TE) had $72.6M in cash against an annual operating cash burn of $102.8M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is T1 Energy's Piotroski F-Score?
T1 Energy (TE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are T1 Energy's earnings high quality?
T1 Energy (TE) has an earnings quality ratio of 0.23x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is T1 Energy?
T1 Energy (TE) scores 12 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.