T1 Energy Financials
T1 Energy (TE) reported $996.9M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
A sudden shift from asset buildout to working-capital-funded revenue produced cash in FY2025 even while core margins stayed thin.
FY2025’s cash generation masked a weak core earning shape: operating cash flow was$95.5M even as operating income was-$234.6M . With gross margin at only7.4% and inventory more than halved year over year, the cash inflow looks driven more by working-capital release and non-cash charges than by profits becoming cash.
The balance sheet looks less debt-led than FY2024: long-term debt fell to
The business now has real revenue scale, but overhead still reflects a company built for a much larger gross profit pool: SG&A was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of T1 Energy's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
T1 Energy has an operating margin of -31.1%, meaning the company loses $31 on every $100 of revenue. This results in a profitability score of 11/100. This is up from -2685.5% the prior year.
T1 Energy's revenue surged 25572.8% year-over-year to $755.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
T1 Energy has a moderate D/E ratio of 1.37. This balance of debt and equity financing earns a leverage score of 39/100.
T1 Energy's current ratio of 1.43 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
While T1 Energy generated $95.5M in operating cash flow, capex of $78.8M consumed most of it, leaving $16.7M in free cash flow. This results in a low score of 1/100, reflecting heavy capital investment rather than weak cash generation.
T1 Energy posts a -0.1% return on equity (ROE), meaning it loses less than $1 for every $100 of shareholders' equity. This results in a returns score of 27/100. This is up from -0.2% the prior year.
T1 Energy scores -0.20, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.3B) relative to total liabilities ($1.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
T1 Energy passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
T1 Energy reported a net loss of $381K while generating $95.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
T1 Energy generated $755.3M in revenue in fiscal year 2025. This represents an increase of 25572.8% from the prior year.
T1 Energy's EBITDA was -$141.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 106.1% from the prior year.
T1 Energy reported -$381K in net income in fiscal year 2025. This represents an increase of 15.5% from the prior year.
T1 Energy earned -$2.19 per diluted share (EPS) in fiscal year 2025. This represents an increase of 31.6% from the prior year.
Cash & Balance Sheet
T1 Energy generated $16.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 110.8% from the prior year.
T1 Energy held $182.4M in cash against $343.8M in long-term debt as of fiscal year 2025.
T1 Energy paid $0.00 per share in dividends in fiscal year 2025.
Margins & Returns
T1 Energy's gross margin was 7.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 34.4 percentage points from the prior year.
T1 Energy's operating margin was -31.1% in fiscal year 2025, reflecting core business profitability. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
T1 Energy's net profit margin was -0.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 15.3 percentage points from the prior year.
T1 Energy's ROE was -0.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.
Capital Allocation
T1 Energy invested $78.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 55.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
TE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $250.1M+40.8% | $177.6M-50.5% | $358.6M+70.3% | $210.5M+58.6% | $132.8M+148.4% | $53.5M | N/A | $0 |
| Cost of Revenue | $201.0M+35.3% | $148.6M-60.3% | $374.7M+97.8% | $189.4M+89.4% | $100.0M+180.4% | $35.7M | N/A | $0 |
| Gross Profit | $49.1M+68.8% | $29.1M+280.5% | -$16.1M-176.2% | $21.1M-35.4% | $32.8M+84.2% | $17.8M | N/A | $0 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $8.6M |
| SG&A Expenses | $71.9M+39.3% | $51.6M-22.5% | $66.6M+6.2% | $62.7M-0.1% | $62.7M+44.6% | $43.4M | N/A | $17.4M |
| Operating Income | -$22.8M-1.2% | -$22.5M+72.8% | -$82.9M+12.5% | -$94.7M-202.0% | -$31.4M-22.5% | -$25.6M | N/A | -$17.4M |
| Income Tax | $781K+451.8% | -$222K-118.5% | $1.2M+110.0% | -$12.1M-102.1% | -$6.0M-137.9% | -$2.5M | N/A | $0 |
| Net Income | -$43.5M-113.2% | -$20.4M-111.5% | $178.3M+236.6% | -$130.6M-309.2% | -$31.9M-96.5% | -$16.2M | N/A | -$27.5M |
| EPS (Diluted) | -$0.16-100.0% | -$0.08+91.8% | -$0.98-12.6% | -$0.87-314.3% | -$0.21-90.9% | -$0.11+95.8% | -$2.61-1205.0% | -$0.20 |
Not reported in any period shown, so not listed: Interest Expense.
TE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B+22.8% | $1.3B-2.6% | $1.4B-1.7% | $1.4B-1.3% | $1.4B-1.2% | $1.4B+7.2% | $1.3B+117.2% | $615.0M |
| Current Assets | $751.2M+28.5% | $584.7M-11.9% | $663.5M-4.6% | $695.2M+7.9% | $644.5M+2.8% | $626.7M+9.6% | $572.0M+186.8% | $199.5M |
| Cash & Equivalents | $79.1M+70.6% | $46.4M-74.6% | $182.4M+434.3% | $34.1M+304.0% | $8.5M-82.7% | $48.9M-32.7% | $72.6M-60.1% | $181.9M |
| Inventory | $228.8M+77.4% | $128.9M+11.1% | $116.0M-53.9% | $252.0M-22.8% | $326.2M-2.0% | $333.0M+21.3% | $274.5M | N/A |
| Accounts Receivable | $98.6M-1.4% | $100.0M+18.4% | $84.5M | N/A | N/A | N/A | $0 | N/A |
| Goodwill | $57.4M0.0% | $57.4M0.0% | $57.4M-5.7% | $60.9M0.0% | $60.9M-18.3% | $74.5M0.0% | $74.5M | N/A |
| Total Liabilities | $1.4B+33.0% | $1.0B-2.1% | $1.1B-15.3% | $1.2B+5.1% | $1.2B-0.1% | $1.2B+7.4% | $1.1B+1340.1% | $76.3M |
| Current Liabilities | $577.5M+24.0% | $465.9M+0.5% | $463.6M-24.7% | $615.6M+20.3% | $511.8M+3.8% | $493.1M+20.2% | $410.1M+1208.1% | $31.4M |
| Long-Term Debt | $500.4M+51.5% | $330.2M-4.0% | $343.8M-19.5% | $427.2M-10.6% | $477.9M-2.0% | $487.7M-4.0% | $507.9M | N/A |
| Total Equity | $201.8M-14.8% | $236.7M-5.5% | $250.4M+158.4% | $96.9M-47.3% | $183.9M-8.9% | $201.9M+7.0% | $188.8M-65.0% | $538.7M |
| Retained Earnings | -$1.2B-3.9% | -$1.1B-1.9% | -$1.1B-20.9% | -$903.9M-16.9% | -$773.4M-4.3% | -$741.5M-2.2% | -$725.2M-102.6% | -$358.0M |
TE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$30.1M+58.7% | -$72.9M-269.5% | $43.0M-32.7% | $63.9M+91.0% | $33.4M+174.6% | -$44.8M-48.2% | -$30.2M-6.6% | -$28.4M |
| Capital Expenditures | $101.1M+66.5% | $60.7M+237.7% | $18.0M+102.6% | $8.9M-61.1% | $22.8M-21.8% | $29.1M+80.5% | $16.1M+189.2% | $5.6M |
| Free Cash Flow | -$131.2M+1.8% | -$133.6M-634.3% | $25.0M-54.5% | $55.0M+417.3% | $10.6M+114.4% | -$74.0M-59.4% | -$46.4M-36.6% | -$34.0M |
| Investing Cash Flow | -$109.7M-80.6% | -$60.7M-164.2% | -$23.0M-159.0% | -$8.9M+61.1% | -$22.8M-203.4% | $22.1M+117.5% | -$125.8M-2152.6% | -$5.6M |
| Financing Cash Flow | $172.7M+1374.0% | -$13.6M-108.3% | $163.5M+1195.7% | -$14.9M-0.3% | -$14.9M-295.6% | -$3.8M-107.5% | $50.0M+1310.7% | -$4.1M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.6%+3.3pp | 16.4%+20.9pp | -4.5%-14.5pp | 10.1%-14.6pp | 24.7%-8.6pp | 33.3% | N/A | N/A |
| Operating Margin | -9.1%+3.6pp | -12.7%+10.4pp | -23.1%+21.9pp | -45.0%-21.4pp | -23.6%+24.3pp | -47.9% | N/A | N/A |
| Net Margin | -17.4%-5.9pp | -11.5%-61.2pp | 49.7%+111.8pp | -62.0%-38.0pp | -24.0%+6.3pp | -30.4% | N/A | N/A |
| Return on Equity | -21.6%-13.0pp | -8.6%-79.9pp | 71.2%+206.0pp | -134.7%-117.4pp | -17.3%-9.3pp | -8.0% | N/A | -5.1% |
| Return on Assets | -2.6%-1.1pp | -1.5%-14.5pp | 13.0%+22.4pp | -9.3%-7.1pp | -2.3%-1.1pp | -1.1% | N/A | -4.5% |
| Current Ratio | 1.300.0x | 1.25-0.2x | 1.43+0.3x | 1.13-0.1x | 1.260.0x | 1.27-0.1x | 1.39-5.0x | 6.36 |
| Debt-to-Equity | 2.48+1.1x | 1.390.0x | 1.37-3.0x | 4.41+1.8x | 2.60+0.2x | 2.41-0.3x | 2.69+2.5x | 0.14 |
| FCF Margin | -52.4%+22.8pp | -75.2%-82.2pp | 7.0%-19.1pp | 26.1%+18.1pp | 8.0% | -138.4% | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where T1 Energy Ranks
Frequently Asked Questions
What is T1 Energy's annual revenue?
T1 Energy (TE) reported $755.3M in total revenue for fiscal year 2025. This represents a 25572.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is T1 Energy's revenue growing?
T1 Energy (TE) revenue grew by 25572.8% year-over-year, from $2.9M to $755.3M in fiscal year 2025.
Is T1 Energy profitable?
No, T1 Energy (TE) reported a net income of -$381K in fiscal year 2025, with a net profit margin of -0.1%.
What is T1 Energy's EBITDA?
T1 Energy (TE) had EBITDA of -$141.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does T1 Energy have?
As of fiscal year 2025, T1 Energy (TE) had $182.4M in cash and equivalents against $343.8M in long-term debt.
What is T1 Energy's gross margin?
T1 Energy (TE) had a gross margin of 7.4% in fiscal year 2025, 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 -31.1% in fiscal year 2025, 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 -0.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is T1 Energy's return on equity (ROE)?
T1 Energy (TE) has a return on equity of -0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is T1 Energy's free cash flow?
T1 Energy (TE) generated $16.7M in free cash flow during fiscal year 2025. This represents a 110.8% 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 $95.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are T1 Energy's total assets?
T1 Energy (TE) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are T1 Energy's capital expenditures?
T1 Energy (TE) invested $78.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is T1 Energy's current ratio?
T1 Energy (TE) had a current ratio of 1.43 as of fiscal year 2025, which is considered adequate.
What is T1 Energy's debt-to-equity ratio?
T1 Energy (TE) had a debt-to-equity ratio of 1.37 as of fiscal year 2025, 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 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is T1 Energy's Altman Z-Score?
T1 Energy (TE) has an Altman Z-Score of -0.20, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is T1 Energy's Piotroski F-Score?
T1 Energy (TE) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 to 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) reported a net loss of $381K while generating $95.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.