Filing Flows › T1 Energy (TE) › Q1 2026
T1 Energy (TE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
T1 Energy (TE) reported revenue of $178M for the first quarter 2026 (Q1 2026), +232% from a year earlier and -50% from the quarter before. Operating margin was -12.7%, net loss $20.4M (11.5% of revenue).
T1 Energy, Q1 2026: revenue $178M (+232% year over year), operating margin -12.7%, net loss $20.4M, operating cash flow −$72.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $178M | -50% | +232% |
| Operating profit | −$22.5M | — | — |
| Net earnings | −$20.4M | — | — |
| Operating cash flow | −$72.9M | -270% | — |
What changed
Revenue was $177.6M in Q1 2026, up 232% year over year and down 50% from the previous quarter.
Gross margin was 16.4%, down 16.9 points from Q1 2025. Operating costs exceeded revenue by $22.5M, an operating margin of -12.7%. Operating expenses grew 25% against revenue growth of 232%. The quarter ended with a net loss of $20.4M, narrower than the previous quarter's $189.1M loss.
Operating cash flow was −$72.9M. Non-cash charges added back $25.1M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $80.3M. Capital expenditures of $60.7M exceeded it, leaving free cash flow of −$133.6M.
Questions
What was T1 Energy's revenue in the first quarter 2026?
T1 Energy (TE) reported revenue of $178M for the first quarter 2026 (Q1 2026), +232% from a year earlier and -50% from the quarter before.
Was T1 Energy profitable in the first quarter 2026?
Operating loss was $22.5M (-12.7% of revenue) and net loss $20.4M.
Source: T1 Energy 10-Q on SEC EDGAR.