Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data TIGO 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
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
81,323
145,233
54,014
103,536
Cost of revenue
56.6
93.9
58.2
59.2
Gross profit
24.8
51.3
-4.16
44.4
Research and development
5.68
9.5
9.86
9.24
Selling and marketing
11
21.3
16.9
17.4
General and administrative
9.03
28.8
21.1
22.2
Operating expenses
25.7
59.6
47.8
48.9
Operating income
-0
-0.42
-0.9
-8.28
-52
-4.5
Interest expense
1.49
8.12
11.4
11
Interest income
0.01
0.2
2.32
0.87
0.92
Other non-operating income
0.01
-6.07
7.43
-10.6
3.22
Pre-tax income
-0.4
-6.97
-0.85
-62.6
-1.28
Income tax
0.07
0.14
0.1
0.6
Income from continuing operations
-13.4
-4.38
-62.7
Net income
-0
-0.4
-7.04
-0.98
-62.7
-1.88
EBITDA
-0.33
-7.17
-50.8
-3.23
EPS, basic
-2.71
-0.08
-1.04
-0.03
EPS, diluted
-2.71
-0.14
-1.04
-0.03
Shares, basic (weighted)
4.94
38
60.3
65
Shares, diluted (weighted)
4.94
43.2
60.3
65
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.02
0.8
36.2
4.41
11.7
7.67
Short-term investments
26.8
8.16
Receivables
15.8
6.86
7.98
13.9
Inventory
24.9
61.4
22
31.3
Other current assets
0.19
3.97
5.24
3.53
5.15
Total current assets
0.02
0.99
85.1
105
53.4
58
Property, plant and equipment
1.65
3.46
2.81
2.65
Lease right-of-use assets
1.25
2.5
1.58
2.34
Goodwill
12.2
12.2
12.2
Intangible assets
0
2.19
1.92
1.65
Long-term investments
1.98
0
Other non-current assets
0.1
0.08
0.73
0.98
0.92
Total assets
0.02
118
88.1
128
72.9
78
Accounts payable
0
0.24
23.3
15.7
8.08
29.2
Accrued liabilities
0
Deferred revenue
0.95
0.34
0.53
0.96
Short-term debt
10
Total current liabilities
0
39.6
26.4
17.1
38.8
Long-term debt
10.6
31.6
40.5
0
Lease liabilities
0.76
1.39
0.96
1.82
Total liabilities
0
0.24
56.6
65
64.5
50.4
Total debt
20.6
50
50
0
Paid-in capital
0.02
1.27
6.52
139
147
168
Retained earnings
-0
-0.41
-62.2
-75.8
-139
-140
Other comprehensive income
-0.06
0
Shareholders' equity
0.02
-49.9
-55.7
62.8
8.39
27.6
Total equity
0.02
-49.9
-55.7
62.8
8.39
27.6
Total liabilities and equity
0.02
118
88.1
128
72.9
78
Shares outstanding
2.88
3.34
5.47
58.8
60.8
70.4
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-0
-0.4
-0.18
-0.98
-62.7
-1.88
Depreciation and amortization
0.56
1.11
1.22
1.27
Stock-based compensation
0.81
3.81
7.72
7.86
Deferred income tax
-0.02
-0.18
-0.07
Change in receivables
-12.5
5.2
0.57
-5.9
Change in inventory
-15
-37.2
16.3
-10.8
Change in payables
10.9
-8.58
-6.63
20.9
Cash from operations
-0
-0.46
-16.5
-37.2
-12.4
10.3
Capital expenditures
-1.15
-2.11
-1.29
-0.64
Acquisitions
-0.02
Purchases of investments
-53.5
-11
-31.3
Cash from investing
-117
-1.6
-30.9
19.8
22.6
Debt repaid
-10
Stock issued
0.33
0.22
0.27
0.16
Cash from financing
-0
118
48.3
34.8
-0.06
-37
Net change in cash
-0
0.78
30.2
-33.3
7.34
-4.08
Free cash flow
-17.6
-39.3
-13.6
9.66
Interest paid
1.24
1.42
2.51
3.59
Income taxes paid
0.11
0.1
0.58
0.26
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 $0.86 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
0.0%
Gross profit / revenue.
Operating margin
-0.0%
Operating income / revenue.
EBITDA margin
-0.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
0.0%
Pre-tax income / revenue.
Net margin
0.0%
Net income / revenue.
FCF margin
-0.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-0.0%
Cash from operations / revenue.
Effective tax rate
-47.4%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
22.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
12.8%
Net income / average total assets.
Return on invested capital (ROIC)
-7.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
0.0%
Research and development expense / revenue.
Stock-based pay / revenue
0.0%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
0.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
91.7%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
8.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 3y
21.4%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
229.4%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 5y
317.4%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
7.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-4.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
407.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
7.9%
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
136.1%
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
3.04x
Current assets / current liabilities.
Quick ratio
1.70x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.94x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.09x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
5.3%
Total debt / total assets.
Liabilities / assets
42.7%
Total liabilities / total assets.
Net debt
-$12.8M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
FCF conversion
-81.5%
Free cash flow / net income, when net income is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.12
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.
Revenue per share
$1,285.00
Revenue / diluted weighted shares.
FCF per share
-$0.10
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.09
Cash from operations / diluted weighted shares.
Book value per share
$0.58
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
6.62x
Market cap / net income. Only when net income is positive.
P/S
0.00x
Market cap / revenue.
P/B
1.48x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.14x
Market cap / tangible book value, when positive.
EV/Sales
0.00x
Enterprise value / revenue.
FCF yield
-12.3%
Free cash flow / market cap.
Earnings yield
15.1%
Net income / market cap (the inverse of P/E).
What was TIGO ENERGY, INC.'s revenue in fiscal 2025?
TIGO ENERGY, INC. reported revenue of $103.54B for fiscal 2025, 91.7% higher than the year before.
Was TIGO ENERGY, INC. profitable in fiscal 2025?
No. It reported a net loss of $1.9M.
How much free cash flow did TIGO ENERGY, INC. generate in fiscal 2025?
Cash from operations of $10.3M minus capital expenditures of $642.0K left free cash flow of $9.7M.
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.