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Friday 6 November 2026
Export TYGO’s income statement to Excel — free account
Tigo Energy, Inc.
TYGO Technology Solar
Tigo Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $103.5 million, up 91.7% from fiscal 2024.
- Revenue
- −21.5%
- EPS
- +142.9%
- Free cash flow
- +28.0%
- Total debt
- −94.1%
Quarter to September 2026, against a year earlier
0.73
0.01
+1.39%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 81 | 145 | 54 | 104 | 105 | +8.4% | 104 | 119 | 167 | +17.3% | |
| Gross margin, % | — | — | — | — | — | — | 30.46 | 35.33 | (7.69) | 42.84 | 43.22 | +12.4 pt | ||||||
| EBT | — | — | — | 0 | 0 | 0 | (7) | (1) | (63) | (1) | 9 | +219.5% | ||||||
| EBT margin, % | — | — | — | 0.00 | 0.00 | 0.00 | (8.57) | (0.58) | (115.98) | (1.23) | 8.37 | (1.2) pt | ||||||
| Net income | — | 0 | — | 0 | 0 | 0 | (7) | (1) | (63) | (2) | 13 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.00 | 0.00 | 0.00 | 16.46 | 3.82 | 0.90 | 1.59 | 1.36 | n/m | |||||
| Earnings | — | — | — | 0.00 | 0.00 | (0.14) | (2.71) | (0.08) | (1.04) | (0.03) | 0.15 | n/m | ||||||
| Cash flow | — | — | — | 0.00 | 0.00 | (0.16) | (3.33) | (0.98) | (0.20) | 0.16 | (0.09) | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | (0.23) | (0.07) | (0.02) | 0.22 | (0.01) | n/m | ||||||
| Free cash flow | — | — | — | 0.00 | 0.00 | (0.16) | (3.57) | (1.05) | (0.23) | 0.37 | (0.10) | n/m | ||||||
| Book value | — | — | — | 0.00 | 0.01 | 0.31 | 6.36 | 1.65 | 0.14 | 0.42 | 0.59 | +153.5% | ||||||
| Shares, m | — | — | — | 15 | 3 | 3 | 5 | 38 | 60 | 65 | 73 | +27.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 4.14 | 0.00 | 0.00 | 4.87 | 1.0 | |||||
| P/S | — | — | — | — | — | — | 0.00 | 0.52 | 1.09 | 0.87 | 0.54 | 0.6 | ||||||
| P/B | — | — | — | — | — | — | 0.00 | 1.19 | 7.04 | 3.25 | 1.23 | 2.9 | ||||||
| EV/Sales | — | — | — | — | — | — | 0.00 | 0.53 | 1.50 | 1.64 | 0.85 | 0.9 | ||||||
| EV/FCF | — | — | — | — | — | — | (1.87) | (1.92) | (5.73) | 7.14 | 9.21 | (0.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | 0 | (16) | (37) | (12) | 10 | (7) | n/m | |||||
| Capex | — | — | — | — | — | — | (1) | (3) | (1) | 14 | (1) | n/m | ||||||
| Free cash flow | — | — | — | — | 0 | 0 | (18) | (40) | (14) | 24 | (8) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 0 | 0 | 1 | 46 | 78 | 36 | 19 | 36 | +205.2% | |||||
| Net debt | — | — | — | 0 | 0 | (1) | (17) | 0 | 21 | (8) | 3 | +159.7% | ||||||
| Shareholders’ equity | — | — | — | 0 | 0 | 1 | 31 | 63 | 8 | 28 | 46 | +224.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (9.60) | (8.28) | (0.68) | (13.00) | (2.75) | (62.53) | (2.49) | 13.44 | +7.1 pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | (433.23) | (3.90) | (8.19) | (112.09) | (14.09) | (4.96) | (14.1) pt | ||||||
| ROE | — | — | — | (5.26) | (8.77) | (91.02) | 48.81 | (83.15) | (176.23) | (10.44) | 43.21 | (5.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 34 | 140 | 138 | — | +101.5% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | 0.00 | 4.27 | 0.39 | 0.75 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026
Tigo Energy, Inc. vs peers in Solar (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TOYO TOYO Co., Ltd. | $211.9M | 4.3× | 2.4× | — | +666.67% (above 0%: growing) | +139.07% (above 0%: growing) | 31.28% | 19.08% | Compare |
| SPWR CSLM Acquisition Corp. | $78.6M | — (loss-making) | — (loss-making) | −17.03% (below 0%: shrinking) | n/m | −499.66% (below 0%: shrinking) | 45.50% | (42.76%) | Compare |
| TYGO Tigo Energy, Inc. | $55.4M | 4.9× | — (loss-making) | −21.47% (below 0%: shrinking) | n/m | +28.01% (above 0%: growing) | 46.16% | (0.32%) | |
| PN PN Smart Energy Limited | $35.1M | — | — | — | — | — | — | — | Compare |
| SPRU Spruce Power Holding Corporation | $24.5M | — (loss-making) | — (loss-making) | −8.75% (below 0%: shrinking) | n/m | −43.41% (below 0%: shrinking) | 67.84% | 32.21% | Compare |
| FTCI FTC Solar, Inc. | $23.4M | — (loss-making) | — (loss-making) | +26.06% (above 0%: growing) | n/m | +136.87% (above 0%: growing) | 5.79% | (26.03%) | Compare |
| SMXT Solarmax Technology, Inc. | $18.0M | — (loss-making) | — | +48.82% (above 0%: growing) | n/m | −539.19% (below 0%: shrinking) | 23.56% | (43.53%) | Compare |
| BEEM Beam Global | $16.2M | — (loss-making) | — (loss-making) | +21.02% (above 0%: growing) | n/m | −141.34% (below 0%: shrinking) | 17.83% | (34.99%) | Compare |
| ASTI Ascent Solar Technologies Inc. | $14.5M | — (loss-making) | — (loss-making) | +460.00% (above 0%: growing) | n/m | +1.36% (above 0%: growing) | (68.91%) | (2,043.59%) | Compare |
| Median of peers | $23.9M | — | — | +23.54% | — | −43.41% | 23.56% | (34.99%) |
Pay and ownership Proxy statement filed 6 April 2026
Ownership
Directors and executive officers, together
26.60%
Zvi Alon
21.10%
Alon Ventures, LLC
16.70%
Energy Growth Momentum II LP
12.00%
Tigo SPV LP
6.90%
Clal Industries Ltd
5.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement