Tigo Energy Inc. Financials
This page shows Tigo Energy Inc. (TYGO) financial statements, including the 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tigo Energy Inc. has an operating margin of -96.3%, meaning the company retains $-96 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. This is down from -5.7% the prior year.
Tigo Energy Inc.'s revenue declined 62.8% year-over-year, from $145.2M to $54.0M. This contraction results in a growth score of 0/100.
Tigo Energy Inc. has elevated debt relative to equity (D/E of 4.83), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 3.12, Tigo Energy Inc. holds $3.12 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Tigo Energy Inc. generated -$12.4M in operating cash flow, capex of $1.3M consumed most of it, leaving -$13.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Tigo Energy Inc. passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Tigo Energy Inc. generates $0.20 in operating cash flow (-$12.4M OCF vs -$62.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Tigo Energy Inc. earns $-4.6 in operating income for every $1 of interest expense (-$52.0M vs $11.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Tigo Energy Inc. generated $54.0M in revenue in fiscal year 2024. This represents a decrease of 62.8% from the prior year.
Tigo Energy Inc.'s EBITDA was -$50.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 608.3% from the prior year.
Tigo Energy Inc. generated -$13.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 65.3% from the prior year.
Tigo Energy Inc. reported -$62.7M in net income in fiscal year 2024. This represents a decrease of 6276.6% from the prior year.
Tigo Energy Inc. earned $-1.04 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 642.9% from the prior year.
Tigo Energy Inc. held $11.7M in cash against $40.5M in long-term debt as of fiscal year 2024.
Tigo Energy Inc. had 61M shares outstanding in fiscal year 2024. This represents an increase of 3.5% from the prior year.
Tigo Energy Inc.'s gross margin was -7.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 43.0 percentage points from the prior year.
Tigo Energy Inc.'s operating margin was -96.3% in fiscal year 2024, reflecting core business profitability. This is down 90.6 percentage points from the prior year.
Tigo Energy Inc.'s net profit margin was -116.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 115.5 percentage points from the prior year.
Tigo Energy Inc. invested $9.9M in research and development in fiscal year 2024. This represents an increase of 3.8% from the prior year.
Tigo Energy Inc. invested $1.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 39.2% from the prior year.
TYGO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.6M+27.3% | $24.1M+27.7% | $18.8M+9.1% | $17.3M+21.3% | $14.2M+12.1% | $12.7M+29.6% | $9.8M+6.0% | $9.2M |
| Cost of Revenue | $17.6M+32.0% | $13.3M+13.9% | $11.7M-60.9% | $29.8M+139.4% | $12.5M+41.1% | $8.8M+25.6% | $7.0M+10.5% | $6.4M |
| Gross Profit | $13.1M+21.4% | $10.8M+50.0% | $7.2M+157.1% | -$12.6M-808.2% | $1.8M-54.1% | $3.9M+39.8% | $2.8M-3.8% | $2.9M |
| R&D Expenses | $2.5M+10.3% | $2.3M+4.8% | $2.2M-3.9% | $2.3M-7.4% | $2.4M-10.0% | $2.7M+9.4% | $2.5M+1.6% | $2.4M |
| SG&A Expenses | $5.4M-3.4% | $5.6M+10.2% | $5.1M-5.9% | $5.4M+0.2% | $5.4M-2.4% | $5.5M+15.3% | $4.8M-42.0% | $8.2M |
| Operating Income | $649K+143.2% | -$1.5M+62.2% | -$4.0M+83.5% | -$24.1M-131.2% | -$10.4M-24.0% | -$8.4M+7.5% | -$9.1M+32.9% | -$13.5M |
| Interest Expense | $2.9M-0.2% | $2.9M-0.1% | $2.9M0.0% | $2.9M+0.3% | $2.9M0.0% | $2.9M+1.3% | $2.8M-67.2% | $8.6M |
| Income Tax | $230K+45.6% | $158K-46.6% | $296K+240.2% | $87K | $0-100.0% | $16K | $0-100.0% | $109K |
| Net Income | -$2.2M+51.1% | -$4.4M+36.7% | -$7.0M+73.9% | -$26.8M-104.3% | -$13.1M-15.9% | -$11.3M+1.6% | -$11.5M+22.1% | -$14.8M |
| EPS (Diluted) | $-0.03+57.1% | $-0.07+36.4% | $-0.11+75.0% | $-0.44-100.0% | $-0.22-15.8% | $-0.190.0% | $-0.19-120.7% | $0.92 |
TYGO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $107.8M+33.7% | $80.6M+14.2% | $70.6M-3.1% | $72.9M-26.0% | $98.6M-4.6% | $103.3M-5.3% | $109.1M-14.6% | $127.8M |
| Current Assets | $87.8M+45.4% | $60.4M+16.6% | $51.8M-3.0% | $53.4M-32.2% | $78.7M-5.3% | $83.1M-6.0% | $88.4M-15.6% | $104.7M |
| Cash & Equivalents | $24.5M+139.6% | $10.2M+20.1% | $8.5M-27.6% | $11.7M+24.2% | $9.5M-36.7% | $14.9M+65.6% | $9.0M+104.9% | $4.4M |
| Inventory | $28.5M+50.8% | $18.9M+0.1% | $18.9M-14.1% | $22.0M-53.0% | $46.8M-8.8% | $51.3M-8.0% | $55.8M-9.2% | $61.4M |
| Accounts Receivable | $15.8M+51.8% | $10.4M+0.2% | $10.4M+30.1% | $8.0M-9.7% | $8.8M+27.6% | $6.9M+9.7% | $6.3M-8.1% | $6.9M |
| Goodwill | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M0.0% | $12.2M |
| Total Liabilities | $95.8M+21.3% | $79.0M+18.1% | $66.9M+3.6% | $64.5M-0.9% | $65.1M+11.1% | $58.6M+6.9% | $54.8M-15.6% | $65.0M |
| Current Liabilities | $84.9M+24.8% | $68.0M+16.6% | $58.3M+240.9% | $17.1M-14.0% | $19.9M+28.6% | $15.5M+9.3% | $14.2M-46.4% | $26.4M |
| Long-Term Debt | $50.0M0.0% | $50.0M | $0-100.0% | $40.5M+5.8% | $38.3M+6.2% | $36.0M+6.6% | $33.8M+7.1% | $31.6M |
| Total Equity | $12.1M+612.5% | $1.7M-55.2% | $3.8M-55.0% | $8.4M-74.9% | $33.5M-25.2% | $44.7M-17.6% | $54.3M-13.5% | $62.8M |
| Retained Earnings | -$152.1M-1.4% | -$150.0M-3.0% | -$145.5M-5.1% | -$138.5M-24.0% | -$111.7M-13.3% | -$98.6M-13.0% | -$87.3M-15.2% | -$75.8M |
TYGO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4M-81.6% | $7.8M+1566.4% | -$530K-150.3% | $1.1M+296.8% | -$535K+66.7% | -$1.6M+85.7% | -$11.3M-43.6% | -$7.8M |
| Capital Expenditures | -$46K | N/A | N/A | $529K+56.0% | $339K+564.7% | $51K-86.1% | $367K+41.7% | $259K |
| Free Cash Flow | $1.4M | N/A | N/A | $524K+160.0% | -$874K+47.3% | -$1.7M+85.8% | -$11.6M-43.6% | -$8.1M |
| Investing Cash Flow | $2.2M+136.1% | -$6.1M-73.0% | -$3.5M-343.4% | $1.5M+128.8% | -$5.0M-165.4% | $7.7M-50.7% | $15.6M+56.3% | $10.0M |
| Financing Cash Flow | $10.6M+21130.0% | $50K-93.9% | $817K+473.1% | -$219K-114.7% | -$102K-1120.0% | $10K-96.0% | $250K+8233.3% | $3K |
| 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 |
TYGO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.7%-2.1pp | 44.7%+6.7pp | 38.1%+110.8pp | -72.7%-85.2pp | 12.5%-18.0pp | 30.4%+2.2pp | 28.2%-2.9pp | 31.1% |
| Operating Margin | 2.1%+8.4pp | -6.3%+14.9pp | -21.1%+118.3pp | -139.5%-66.3pp | -73.2%-7.0pp | -66.2%+26.6pp | -92.7%+53.8pp | -146.5% |
| Net Margin | -7.1%+11.3pp | -18.4%+18.7pp | -37.2%+118.0pp | -155.2%-63.0pp | -92.1%-3.0pp | -89.1%+28.2pp | -117.4%+42.4pp | -159.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -2.0%+3.5pp | -5.5%+4.4pp | -9.9%+26.8pp | -36.8%-23.4pp | -13.3%-2.3pp | -11.0%-0.4pp | -10.5%+1.0pp | -11.6% |
| Current Ratio | 1.03+0.1 | 0.890.0 | 0.89-2.2 | 3.12-0.8 | 3.96-1.4 | 5.37-0.9 | 6.24+2.3 | 3.96 |
| Debt-to-Equity | 4.15-25.4 | 29.55+29.6 | 0.00-4.8 | 4.83+3.7 | 1.14+0.3 | 0.81+0.2 | 0.62+0.1 | 0.50 |
| FCF Margin | 4.5% | N/A | N/A | 3.0%+9.2pp | -6.1%+6.9pp | -13.1%+105.6pp | -118.7%-31.0pp | -87.6% |
Similar Companies
Frequently Asked Questions
What is Tigo Energy Inc.'s annual revenue?
Tigo Energy Inc. (TYGO) reported $54.0M in total revenue for fiscal year 2024. This represents a -62.8% 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 Tigo Energy Inc.'s revenue growing?
Tigo Energy Inc. (TYGO) revenue declined by 62.8% year-over-year, from $145.2M to $54.0M in fiscal year 2024.
Is Tigo Energy Inc. profitable?
No, Tigo Energy Inc. (TYGO) reported a net income of -$62.7M in fiscal year 2024, with a net profit margin of -116.2%.
What is Tigo Energy Inc.'s earnings per share (EPS)?
Tigo Energy Inc. (TYGO) reported diluted earnings per share of $-1.04 for fiscal year 2024. This represents a -642.9% 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 Tigo Energy Inc.'s EBITDA?
Tigo Energy Inc. (TYGO) had EBITDA of -$50.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tigo Energy Inc. have?
As of fiscal year 2024, Tigo Energy Inc. (TYGO) had $11.7M in cash and equivalents against $40.5M in long-term debt.
What is Tigo Energy Inc.'s gross margin?
Tigo Energy Inc. (TYGO) had a gross margin of -7.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tigo Energy Inc.'s operating margin?
Tigo Energy Inc. (TYGO) had an operating margin of -96.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Tigo Energy Inc.'s net profit margin?
Tigo Energy Inc. (TYGO) had a net profit margin of -116.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Tigo Energy Inc.'s free cash flow?
Tigo Energy Inc. (TYGO) generated -$13.6M in free cash flow during fiscal year 2024. This represents a 65.3% 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 Tigo Energy Inc.'s operating cash flow?
Tigo Energy Inc. (TYGO) generated -$12.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Tigo Energy Inc.'s total assets?
Tigo Energy Inc. (TYGO) had $72.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Tigo Energy Inc.'s capital expenditures?
Tigo Energy Inc. (TYGO) invested $1.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Tigo Energy Inc. spend on research and development?
Tigo Energy Inc. (TYGO) invested $9.9M in research and development during fiscal year 2024.
How many shares does Tigo Energy Inc. have outstanding?
Tigo Energy Inc. (TYGO) had 61M shares outstanding as of fiscal year 2024.
What is Tigo Energy Inc.'s current ratio?
Tigo Energy Inc. (TYGO) had a current ratio of 3.12 as of fiscal year 2024, which is generally considered healthy.
What is Tigo Energy Inc.'s debt-to-equity ratio?
Tigo Energy Inc. (TYGO) had a debt-to-equity ratio of 4.83 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tigo Energy Inc.'s return on assets (ROA)?
Tigo Energy Inc. (TYGO) had a return on assets of -86.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Tigo Energy Inc.'s cash runway?
Based on fiscal year 2024 data, Tigo Energy Inc. (TYGO) had $11.7M in cash against an annual operating cash burn of $12.4M. This gives an estimated cash runway of approximately 11 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 Tigo Energy Inc.'s Piotroski F-Score?
Tigo Energy Inc. (TYGO) has a Piotroski F-Score of 1 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 Tigo Energy Inc.'s earnings high quality?
Tigo Energy Inc. (TYGO) has an earnings quality ratio of 0.20x, 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.
Can Tigo Energy Inc. cover its interest payments?
Tigo Energy Inc. (TYGO) has an interest coverage ratio of -4.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tigo Energy Inc.?
Tigo Energy Inc. (TYGO) scores 20 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.