TYGO (Tigo Energy, Inc.) Stock Financials & Earnings | Market Cap Arena

TYGO (Tigo Energy, Inc.) Stock Financials & Earnings | Market Cap Arena

TYGOTigo Energy, Inc.

Mkt Cap$277M

Energy·Solar·🇺🇸 United States·NASDAQ

Revenue (TTM)$104M

Net Income (TTM)-$2M

EPS (TTM)-$0.05

Free Cash Flow (TTM)$10M

Gross Margin42.8%

Op. Margin-4.3%

Net Margin-1.8%

FCF Margin9.3%

P/S Ratio (TTM)2.7x

P/E Ratio (TTM)—

YoY Rev Growth+91.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$50M	$18M	$8M
Q2 23	$69M	$26M	$9M
Q3 23	$17M	$4M	-$11M
Q4 23	$9M	$3M	-$14M
Q1 24	$10M	$3M	-$9M
Q2 24	$13M	$4M	-$8M
Q3 24	$14M	$2M	-$10M
Q4 24	$17M	-$13M	-$24M
Q1 25	$19M	$7M	-$4M
Q2 25	$24M	$11M	-$2M
Q3 25	$31M	$13M	$649K
Q4 25	$30M	$13M	$333K

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.3x	49.7x
Q2 23	1.6x	—
Q3 23	1.7x	18.8x
Q4 23	1.9x	—
Q1 24	2.6x	—
Q2 24	5.7x	—
Q3 24	6.0x	—
Q4 24	5.1x	—
Q1 25	4.4x	—
Q2 25	3.7x	—
Q3 25	3.0x	—
Q4 25	2.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$5M	-$6M
Q2 23	-$4M	-$6M
Q3 23	-$24M	-$25M
Q4 23	-$8M	-$8M
Q1 24	-$11M	-$12M
Q2 24	-$2M	-$2M
Q3 24	-$535K	-$874K
Q4 24	$1M	$524K
Q1 25	-$530K	-$530K
Q2 25	$8M	$8M
Q3 25	$1M	$1M
Q4 25	$2M	$1M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$642K
Q2 23	$2M
Q3 23	$345K
Q4 23	$259K
Q1 24	$367K
Q2 24	$51K
Q3 24	$339K
Q4 24	$529K
Q1 25	$0
Q2 25	$243K
Q3 25	$46K
Q4 25	$445K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+404.7%	+267.6%
Q2 23	+290.2%	+253.3%
Q3 23	-25.1%	+13.7%
Q4 23	-70.1%	-20.8%
Q1 24	-80.4%	-55.3%
Q2 24	-81.5%	-64.9%
Q3 24	-16.8%	-13.0%
Q4 24	+86.8%	+81.5%
Q1 25	+92.2%	+20.8%
Q2 25	+89.4%	+21.1%
Q3 25	+115.0%	+21.5%
Q4 25	+73.8%	-28.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$367K	0.7%
Q2 23	$0	0.0%
Q3 23	$1M	7.4%
Q4 23	$2M	18.1%
Q1 24	$3M	25.6%
Q2 24	$2M	13.4%
Q3 24	$2M	12.5%
Q4 24	$464K	2.7%
Q1 25	$2M	8.4%
Q2 25	$2M	9.6%
Q3 25	$2M	6.2%
Q4 25	$2M	6.9%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$2M	$4M	$5M
Q2 23	$2M	$10M	$5M
Q3 23	$2M	$7M	$6M
Q4 23	$2M	$8M	$6M
Q1 24	$2M	$5M	$5M
Q2 24	$3M	$6M	$4M
Q3 24	$2M	$5M	$4M
Q4 24	$2M	$5M	$4M
Q1 25	$2M	$5M	$4M
Q2 25	$2M	$6M	$4M
Q3 25	$3M	$5M	$5M
Q4 25	$2M	$6M	$5M

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 25	$5M	$3M	$12M
Q2 25	$5M	$1M	$18M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$51M	$5M	$56M
Q2 23	$12M	$44M	$56M
Q3 23	$2M	$34M	$37M
Q4 23	$4M	$27M	$31M
Q1 24	$9M	$13M	$22M
Q2 24	$15M	$5M	$20M
Q3 24	$9M	$10M	$20M
Q4 24	$12M	$8M	$20M
Q1 25	$9M	$12M	$20M
Q2 25	$10M	$18M	$28M
Q3 25	$24M	$16M	$40M
Q4 25	$8M	$0	$8M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	6M	-61.3%
Q2 23	28M	+385.6%
Q3 23	68M	+146.4%
Q4 23	59M	-14.1%
Q1 24	59M	+1.1%
Q2 24	60M	+1.7%
Q3 24	61M	+0.4%
Q4 24	61M	+0.2%
Q1 25	62M	+1.5%
Q2 25	60M	-2.1%
Q3 25	63M	+4.7%
Q4 25	73M	+14.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	$6M	7
FY 22	$12M	7
FY 23	$825K	176
FY 24	$386K	140
FY 25	$740K	140