Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data T1 Energy Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
0
2.94
755
Cost of revenue
0
1.71
700
Gross profit
0
1.23
55.6
Research and development
13.8
13.6
28.5
Selling, general and administrative
79.2
235
General and administrative
61.8
107
65.5
75.5
Operating expenses
75.6
122
143
80.2
290
Operating income
-75.6
-122
-65.5
-79
-235
Other non-operating income
-17.7
23.4
47.3
-3.56
-106
Pre-tax income
-93.4
-99.1
-18.2
-82.6
-341
Income tax
0
0
0.44
-15.8
-19.4
Net income to minority interests
0
-0.33
-1.15
-0.4
0
Net income
-93.4
-98.8
-71.9
-451
-368
EBITDA
-75.5
-122
-62.2
-68.6
-141
EPS, basic
-1.24
-0.83
-0.51
-3.20
-2.19
EPS, diluted
-1.24
-0.83
-0.51
-3.20
-2.19
Shares, basic (weighted)
75.4
118
140
141
174
Shares, diluted (weighted)
75.4
118
140
141
174
Dividend per share
0.00
0.00
0.00
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
564
443
253
72.6
182
Receivables
0
84.5
Inventory
0
275
116
Other current assets
8.12
0
4.37
5.99
Total current assets
579
312
572
663
Property, plant and equipment
211
1.75
294
302
Lease right-of-use assets
14.5
0
112
151
Goodwill
0
74.5
57.4
Intangible assets
2.96
2.81
284
180
Other non-current assets
0.01
4.28
0
10.1
Total assets
828
732
1,336
1,372
Accounts payable
6.77
18.1
Accrued liabilities
51.4
9.78
93.3
47.2
Deferred revenue
0
48.7
56.7
Short-term debt
0
94.4
46.4
Total current liabilities
62.6
49.2
410
464
Long-term debt
508
344
Lease liabilities
11.1
0
106
144
Other non-current liabilities
0
2.03
21.8
47.4
Total liabilities
108
97.5
1,099
1,050
Total debt
0
602
390
Paid-in capital
773
926
971
1,359
Retained earnings
-203
-275
-725
-1,093
Treasury stock
-1.04
Other comprehensive income
9.09
-18.8
-59
-18.2
Shareholders' equity
717
633
189
Minority interests
2.67
1.52
0
Total equity
545
720
635
189
250
Total liabilities and equity
828
732
1,336
1,372
Shares outstanding
140
140
156
266
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-93.4
-99.1
-73.1
-451
-368
Depreciation and amortization
0.12
0.48
3.34
10.5
93.3
Stock-based compensation
14.8
8.64
11.6
7.75
11.4
Deferred income tax
0
0
0.44
-15.8
-20
Change in receivables
0
-77.2
Change in inventory
0
159
Change in payables
10.2
17.4
20
7.57
135
Cash from operations
-63.1
-90
-87.9
-103
95.5
Capital expenditures
-13.8
-181
-188
-50.8
-78.8
Acquisitions
0
-110
0
Cash from investing
-33.8
-175
-187
-138
-32.6
Debt repaid
0
-241
Stock issued
0
251
0
Share buybacks
0
-1.05
Cash from financing
649
250
0
45.9
130
Exchange rate effect
-1.4
12.4
-12.4
-4.42
1.34
Net change in cash
551
-2.58
-287
-199
194
Free cash flow
-76.9
-271
-276
-154
16.7
Interest paid
0
0
0
0
17.9
Income taxes paid
0
0
0.27
0.02
0.01
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.78 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
8.3%
Gross profit / revenue.
Operating margin
-22.4%
Operating income / revenue.
EBITDA margin
-14.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-33.0%
Pre-tax income / revenue.
Net margin
-38.5%
Net income / revenue.
FCF margin
-18.5%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
0.4%
Cash from operations / revenue.
Return on assets (ROA)
-23.4%
Net income / average total assets.
SG&A / revenue
25.6%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
18.9%
Capital expenditures / revenue.
D&A / revenue
7.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
25,573.0%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
4,426.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
2.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
18.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
23.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
13.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.30x
Current assets / current liabilities.
Quick ratio
0.31x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.14x
(Cash + short-term investments) / current liabilities.
Debt / assets
33.5%
Total debt / total assets.
Liabilities / assets
83.2%
Total liabilities / total assets.
Net debt
$470.8M
Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital
$173.7M
Current assets - current liabilities.
Goodwill and intangibles / assets
13.1%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.61x
Revenue / average total assets.
Fixed asset turnover
2.32x
Revenue / average property, plant and equipment.
Inventory turnover
3.99x
Cost of revenue / average inventory.
Days inventory
91 days
365 x average inventory / cost of revenue.
Receivables turnover
10.1x
Revenue / average receivables.
Days sales outstanding
36 days
365 x average receivables / revenue.
Capex / operating cash flow
4,879.0%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$1.37
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/S
1.12x
Market cap / revenue.
P/OCF
288x
Market cap / cash from operations, when positive.
EV/Sales
1.59x
Enterprise value / revenue.
FCF yield
-16.6%
Free cash flow / market cap.
Earnings yield
-34.5%
Net income / market cap (the inverse of P/E).
What was T1 Energy Inc.'s revenue in fiscal 2025?
T1 Energy Inc. reported revenue of $755.3M for fiscal 2025, 25,572.8% higher than the year before.
Was T1 Energy Inc. profitable in fiscal 2025?
No. It reported a net loss of $367.8M.
How much free cash flow did T1 Energy Inc. generate in fiscal 2025?
Cash from operations of $95.5M minus capital expenditures of $78.8M left free cash flow of $16.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.