TurnOnGreen, Inc. Reports 2025 Financial Results Following Form 10-K Filing

Rhea-AI Summary

TurnOnGreen (OTC: TOGI) reported 2025 results for the year ended December 31, 2025, showing revenue of $7.228 million (up 47%) and gross profit of $3.319 million (up 56%). Operating loss narrowed to $1.334 million (down 62%) and net loss declined 47% versus 2024.

Growth was driven by a new defense customer, higher defense and telecom sales, and EV charging expansion; margins were affected by higher component costs from China and tariffs.

Positive

• Revenue +47% to $7.228 million in 2025
• Gross profit +56% to $3.319 million
• Operating loss -62% to $1.334 million, improving profitability
• 83% revenue from power electronics; diversified customer base

Negative

• Gross margins pressured by higher component costs from China and tariffs
• Company remains loss-making with a 2025 net loss despite improvement

News Market Reaction – TOGI

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In the Apr 1 session, TOGI gained 22.38%, reflecting a significant positive market reaction.

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SAN JOSE, Calif., April 1, 2026 /PRNewswire/ -- TurnOnGreen, Inc. (OTC: TOGI) ("TurnOnGreen" or the "Company") today announced financial results for the year ended December 31, 2025, as reported in its Annual Report on Form 10-K.

TurnOnGreen, through its wholly owned subsidiaries Digital Power Corporation ("DPC") and TOG Technologies Inc. ("TOG"), is an emerging provider of premium power electronics and electric vehicle (EV) charging solutions, serving markets including defense, aerospace, medical, industrial, telecommunications, and e-Mobility.

2025 Financial Highlights

• Revenue increased 47% to $7.2 million
• Gross profit increased 56% to $3.3 million
• Operating loss decreased 62% to $1.3 million
• Net loss decreased 47%

All metrics are compared to fiscal 2024

Revenue and Gross Profit

Revenue totaled $7,228,000, representing an increase of $2,316,000 (47%) compared to fiscal 2024. Gross profit totaled $3,319,000, an increase of $1,197,000 (56%) compared to fiscal 2024. These increases were primarily attributable to a new defense customer, increased sales to existing defense and telecommunications customers, and expansion in EV supply equipment and services. Gross margins were partially impacted by higher component costs from China and related tariffs.

Operating Results

Operating loss decreased to $1,334,000, an improvement of $2,210,000 (62%) compared to fiscal 2024. The decrease was primarily driven by increased gross profit, reduced sales and marketing expenses, lower overhead allocation, and decreased inventory write-offs.

Business Mix and Growth Strategy

Approximately 83% of TurnOnGreen's revenue is derived from its power electronics solutions, including custom-designed and modified standard power systems, and approximately 17% is derived from EV charging infrastructure and subscription-based network management services. The Company continues to expand its footprint across defense, telecommunications, industrial, and e-mobility market segments.

Management Commentary

"2025 marked a pivotal year for TurnOnGreen, highlighted by strong revenue growth, improved operational discipline, and expanding opportunities in both power electronics segment and EV infrastructure markets," said Amos Kohn, Chief Executive Officer and Chairman of TurnOnGreen, Inc.

"We remain focused on delivering high-performance power solutions tailored to demanding applications, primarily driven by our defense, telecommunications, and industrial customers, while scaling our recurring revenue streams through EV charging infrastructure and services," Mr. Kohn added.

"Our commitment to delivering meaningful value for our shareholders and clients remains a core driver of our sustained growth, strategic alignment, and operational performance," added Marcus Charuvastra, President of TurnOnGreen, Inc.

Management expects continued growth driven by defense programs and expanding EV infrastructure opportunities.

About TurnOnGreen

TurnOnGreen, Inc. (OTC: TOGI) designs and manufactures innovative, feature-rich, high-quality power products for mission-critical, lifesaving, and life-sustaining applications across multiple sectors operating in harsh environments. The Company serves markets including defense and aerospace, medical and healthcare, industrial, telecommunications, and e-mobility. TurnOnGreen is headquartered in San Jose, California. For more information, please visit www.TurnOnGreen.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to, among other things, anticipated infrastructure expansion, growth in access to EV charging facilities, potential future revenues, the transition to sustainable transportation, and the potential long-term impacts of the Company's products. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. These statements are based on current beliefs and assumptions and are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise them publicly. Actual results may differ materially from those expressed or implied. For additional information regarding these risks, please refer to the Company's filings with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q, and 8-K, available at www.sec.gov and www.TurnOnGreen.com.

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SOURCE TurnOnGreen, Inc.

FAQ

What were TurnOnGreen (TOGI) full-year 2025 revenue and gross profit figures?

TurnOnGreen reported $7.228 million in 2025 revenue and $3.319 million gross profit. According to the company, revenue rose 47% and gross profit increased 56% year-over-year, led by new defense sales and expansion in EV charging solutions.

How much did TurnOnGreen (TOGI) reduce its operating loss in 2025?

Operating loss decreased to $1.334 million, an improvement of 62%. According to the company, the reduction was driven by higher gross profit, lower sales and marketing expenses, reduced overhead allocation, and fewer inventory write-offs.

What proportion of TurnOnGreen (TOGI) revenue comes from power electronics vs EV charging in 2025?

Approximately 83% of 2025 revenue came from power electronics and 17% from EV charging and services. According to the company, this mix reflects sales of custom power systems and growing subscription-based EV network services.

What drove TurnOnGreen's (TOGI) 2025 revenue growth and what offset margins?

Revenue growth was driven by a new defense customer, expanded defense and telecom sales, and EV supply expansion. According to the company, margins were partially offset by higher component costs from China and related tariffs.

Did TurnOnGreen (TOGI) report improvement in net loss for 2025?

Yes; the company reported a 47% decline in net loss for 2025 versus 2024. According to the company, improved gross profit and cost reductions contributed to the smaller net loss, though the company remains net-loss making.

What is TurnOnGreen's (TOGI) near-term growth outlook following 2025 results?

Management expects continued growth driven by defense programs and expanding EV infrastructure opportunities. According to the company, 2026 growth will be supported by defense contracts, telecom demand, and scaling recurring EV charging revenue streams.