What is Tigo Energy Inc.'s earnings per share (EPS)?

Tigo Energy Inc. (TYGO) reported diluted earnings per share of $-0.03 for fiscal year 2025. This represents a 97.1% 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.

Tigo Energy Inc. Financials

TYGO

Source SEC Filings (10-K/10-Q) Updated Mar 19, 2026 Currency USD FYE March

This page shows Tigo Energy Inc. (TYGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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

Financial Profile 43/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Tigo Energy Inc. has an operating margin of -4.3%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 13/100, suggesting thin profitability after operating expenses. This is up from -96.3% the prior year.

Growth

100

Tigo Energy Inc.'s revenue surged 91.7% year-over-year to $103.5M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Tigo Energy Inc. carries a low D/E ratio of 1.47, meaning only $1.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Tigo Energy Inc.'s current ratio of 1.50 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 25/100, which could limit financial flexibility.

Cash Flow

Tigo Energy Inc. has a free cash flow margin of 9.3%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Tigo Energy Inc. generates a -6.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -748.3% the prior year.

Piotroski F-Score Neutral

6/9

Tigo Energy Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-5.48x

For every $1 of reported earnings, Tigo Energy Inc. generates $-5.48 in operating cash flow ($10.3M OCF vs -$1.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.4x

Tigo Energy Inc. earns $-0.4 in operating income for every $1 of interest expense (-$4.5M vs $11.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$103.5M

YoY+91.7%

Tigo Energy Inc. generated $103.5M in revenue in fiscal year 2025. This represents an increase of 91.7% from the prior year.

EBITDA

-$3.2M

YoY+93.6%

Tigo Energy Inc.'s EBITDA was -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 93.6% from the prior year.

Net Income

-$1.9M

YoY+97.0%

Tigo Energy Inc. reported -$1.9M in net income in fiscal year 2025. This represents an increase of 97.0% from the prior year.

EPS (Diluted)

$-0.03

YoY+97.1%

Tigo Energy Inc. earned $-0.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 97.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$9.7M

YoY+170.8%

Tigo Energy Inc. generated $9.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 170.8% from the prior year.

Cash & Debt

$7.7M

YoY-34.7%

5Y CAGR+220.2%

Tigo Energy Inc. held $7.7M in cash against $40.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

76M

YoY+24.3%

Tigo Energy Inc. had 76M shares outstanding in fiscal year 2025. This represents an increase of 24.3% from the prior year.

Margins & Returns

Gross Margin

42.8%

YoY+50.5pp

Tigo Energy Inc.'s gross margin was 42.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 50.5 percentage points from the prior year.

Operating Margin

-4.3%

YoY+91.9pp

Tigo Energy Inc.'s operating margin was -4.3% in fiscal year 2025, reflecting core business profitability. This is up 91.9 percentage points from the prior year.

Net Margin

-1.8%

YoY+114.3pp

Tigo Energy Inc.'s net profit margin was -1.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 114.3 percentage points from the prior year.

Return on Equity

-6.8%

YoY+741.5pp

5Y CAGR+2.2pp

Tigo Energy Inc.'s ROE was -6.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 741.5 percentage points from the prior year.

Capital Allocation

R&D Spending

$9.2M

YoY-6.2%

Tigo Energy Inc. invested $9.2M in research and development in fiscal year 2025. This represents a decrease of 6.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$642K

YoY-50.1%

Tigo Energy Inc. invested $642K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 50.1% from the prior year.

TYGO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$103.5M+91.7%	$54.0M-62.8%	$145.2M+78.6%	$81.3M	N/A	N/A
Cost of Revenue	$59.2M+1.7%	$58.2M-38.1%	$93.9M+66.1%	$56.6M	N/A	N/A
Gross Profit	$44.4M+1167.2%	-$4.2M-108.1%	$51.3M+107.1%	$24.8M	N/A	N/A
R&D Expenses	$9.2M-6.2%	$9.9M+3.8%	$9.5M+67.1%	$5.7M	N/A	N/A
SG&A Expenses	$22.2M+5.3%	$21.1M-26.9%	$28.8M+218.9%	$9.0M	N/A	N/A
Operating Income	-$4.5M+91.3%	-$52.0M-528.4%	-$8.3M-823.5%	-$896K-115.5%	-$416K-21063.3%	-$2K
Interest Expense	$11.0M-3.6%	$11.4M+40.7%	$8.1M+443.2%	$1.5M	N/A	N/A
Income Tax	$603K+485.4%	$103K-25.4%	$138K+94.4%	$71K	N/A	N/A
Net Income	-$1.9M+97.0%	-$62.7M-6276.6%	-$984K+86.0%	-$7.0M-1648.1%	-$403K-20385.6%	-$2K
EPS (Diluted)	$-0.03+97.1%	$-1.04-642.9%	$-0.14	$-2.71	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	N/A	$-0.22-15.8%	$-0.190.0%	$-0.19	N/A

TYGO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$78.0M+7.0%	$72.9M-42.9%	$127.8M+45.1%	$88.1M-25.3%	$117.8M+506488.1%	$23K
Current Assets	$58.0M+8.6%	$53.4M-49.0%	$104.7M+23.1%	$85.1M+8484.5%	$991K+4249.2%	$23K
Cash & Equivalents	$7.7M-34.7%	$11.7M+166.7%	$4.4M-87.8%	$36.2M+4409.6%	$803K+3421.6%	$23K
Inventory	$31.3M+42.2%	$22.0M-64.2%	$61.4M+146.4%	$24.9M	N/A	N/A
Accounts Receivable	$13.9M+74.2%	$8.0M+16.2%	$6.9M-56.6%	$15.8M	N/A	N/A
Goodwill	$12.2M0.0%	$12.2M0.0%	$12.2M	N/A	N/A	N/A
Total Liabilities	$50.4M-21.9%	$64.5M-0.7%	$65.0M-54.8%	$143.8M-14.3%	$167.7M+11567375.0%	$1K
Current Liabilities	$38.8M+126.6%	$17.1M-35.2%	$26.4M-33.3%	$39.6M	N/A	$1K
Long-Term Debt	$40.5M0.0%	$40.5M+28.3%	$31.6M+196.7%	$10.6M	N/A	N/A
Total Equity	$27.6M+229.4%	$8.4M-86.7%	$62.8M+212.8%	-$55.7M-11.6%	-$49.9M-228875.8%	$22K
Retained Earnings	-$140.4M-1.4%	-$138.5M-82.8%	-$75.8M-21.8%	-$62.2M-15234.0%	-$406K-12618.9%	-$3K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$10.3M+183.4%	-$12.4M+66.8%	-$37.2M-126.0%	-$16.5M-3450.1%	-$464K-26565.6%	-$2K
Capital Expenditures	$642K-50.1%	$1.3M-39.2%	$2.1M+84.3%	$1.1M	N/A	N/A
Free Cash Flow	$9.7M+170.8%	-$13.6M+65.3%	-$39.3M-123.3%	-$17.6M	N/A	N/A
Investing Cash Flow	$22.6M+14.5%	$19.8M+163.9%	-$30.9M-1828.5%	-$1.6M+98.6%	-$116.7M	N/A
Financing Cash Flow	-$37.0M-60541.0%	-$61K-100.2%	$34.8M-27.9%	$48.3M-59.0%	$118.0M+25153361.4%	-$469
Dividends Paid	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

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	42.8%+50.5pp	-7.7%-43.0pp	35.3%+4.9pp	30.5%	N/A	N/A
Operating Margin	-4.3%+91.9pp	-96.3%-90.6pp	-5.7%-4.6pp	-1.1%	N/A	N/A
Net Margin	-1.8%+114.3pp	-116.2%-115.5pp	-0.7%+8.0pp	-8.6%	N/A	N/A
Return on Equity	-6.8%+741.5pp	-748.3%-746.7pp	-1.6%	N/A	N/A	-9.0%
Return on Assets	-2.4%+83.7pp	-86.1%-85.3pp	-0.8%+7.2pp	-8.0%-7.6pp	-0.3%+8.1pp	-8.5%
Current Ratio	1.50-1.6	3.12-0.8	3.96+1.8	2.15	N/A	15.72
Debt-to-Equity	1.47-3.4	4.83+4.3	0.50+0.7	-0.19+3.2	-3.36-3.4	0.07
FCF Margin	9.3%+34.6pp	-25.3%+1.8pp	-27.1%-5.4pp	-21.7%	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	-18.0%+243.8pp	-261.8%-76.4pp	-185.5%+134.2pp	-319.6%-280.4pp	-39.2%-13.9pp	-25.3%-4.1pp	-21.2%+2.3pp	-23.5%
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

$133.9M

$55.6M

$99.6M

$20.4M

$22.4M

Frequently Asked Questions

What is Tigo Energy Inc.'s annual revenue?

Tigo Energy Inc. (TYGO) reported $103.5M in total revenue for fiscal year 2025. This represents a 91.7% 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 grew by 91.7% year-over-year, from $54.0M to $103.5M in fiscal year 2025.

Is Tigo Energy Inc. profitable?

No, Tigo Energy Inc. (TYGO) reported a net income of -$1.9M in fiscal year 2025, with a net profit margin of -1.8%.

What is Tigo Energy Inc.'s EBITDA?

Tigo Energy Inc. (TYGO) had EBITDA of -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Tigo Energy Inc. have?

As of fiscal year 2025, Tigo Energy Inc. (TYGO) had $7.7M 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 42.8% in fiscal year 2025, 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 -4.3% in fiscal year 2025, 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 -1.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Tigo Energy Inc.'s return on equity (ROE)?

Tigo Energy Inc. (TYGO) has a return on equity of -6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Tigo Energy Inc.'s free cash flow?

Tigo Energy Inc. (TYGO) generated $9.7M in free cash flow during fiscal year 2025. This represents a 170.8% 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 Tigo Energy Inc.'s operating cash flow?

Tigo Energy Inc. (TYGO) generated $10.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Tigo Energy Inc.'s total assets?

Tigo Energy Inc. (TYGO) had $78.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Tigo Energy Inc.'s capital expenditures?

Tigo Energy Inc. (TYGO) invested $642K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Tigo Energy Inc. spend on research and development?

Tigo Energy Inc. (TYGO) invested $9.2M in research and development during fiscal year 2025.

How many shares does Tigo Energy Inc. have outstanding?

Tigo Energy Inc. (TYGO) had 76M shares outstanding as of fiscal year 2025.

What is Tigo Energy Inc.'s current ratio?

Tigo Energy Inc. (TYGO) had a current ratio of 1.50 as of fiscal year 2025, which is considered adequate.

What is Tigo Energy Inc.'s debt-to-equity ratio?

Tigo Energy Inc. (TYGO) had a debt-to-equity ratio of 1.47 as of fiscal year 2025, 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 -2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Tigo Energy Inc.'s Piotroski F-Score?

Tigo Energy Inc. (TYGO) 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 7–9 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 -5.48x, considered mixed quality. 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 -0.4x, 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 43 out of 100 on our Financial Profile, indicating moderate 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.