Filing Flows › Tigo Energy (TYGO) › Q1 2026
Tigo Energy (TYGO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Tigo Energy (TYGO) reported revenue of $25.2M for the first quarter 2026 (Q1 2026), +34% from a year earlier and -100% from the quarter before. Operating margin was -9.6%, net loss $1.8M (6.9% of revenue).
Tigo Energy, Q1 2026: revenue $25.2M (+34% year over year), operating margin -9.6%, net loss $1.8M, operating cash flow −$9.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.2M | -100% | +34% |
| Operating profit | −$2.4M | -824% | — |
| Net earnings | −$1.8M | -115% | — |
| Operating cash flow | −$9.3M | -669% | — |
What changed
Revenue was $25.2M in Q1 2026, up 34% year over year and down 100% from the previous quarter.
Gross margin was 42.8%, up 4.8 points from Q1 2025. Operating costs exceeded revenue by $2.4M, an operating margin of -9.6%. Operating expenses grew 18% against revenue growth of 34%. The fastest-growing cost line was Research & development (+22%). The quarter ended with a net loss of $1.8M, after a profit of $11.7M the previous quarter. Non-operating items added $496K, -26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.3M. Non-cash charges added back $327K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $9.4M. Capital expenditures of $209K exceeded it, leaving free cash flow of −$9.5M.
Questions
What was Tigo Energy's revenue in the first quarter 2026?
Tigo Energy (TYGO) reported revenue of $25.2M for the first quarter 2026 (Q1 2026), +34% from a year earlier and -100% from the quarter before.
Was Tigo Energy profitable in the first quarter 2026?
Operating loss was $2.4M (-9.6% of revenue) and net loss $1.8M.
Source: Tigo Energy 10-Q on SEC EDGAR.