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Tigo Energy (TYGO) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 19, 2026

Tigo Energy (TYGO) reported revenue of $103.5B for the fourth quarter 2025 (Q4 2025), up 5,989-fold from a year earlier and up 3,380-fold from the quarter before. Operating margin was 0.0%, net earnings $11.7M (0.0% of revenue).

Revenue$103.5B
Year over year5,989×
Quarter over quarter3,380×
Operating margin0.0%
Net earnings$11.7M

Tigo Energy, Q4 2025: revenue $103.5B (5,989× year over year), operating margin 0.0%, net earnings $11.7M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$103.5B3,380×5,989×
Gross profit$13.4M+2%—
Operating profit$333K-49%—
Net earnings$11.7M——
Operating cash flow$1.6M+13%+54%
Free cash flow$1.2M-20%+125%

What changed

Revenue was $103.5B in Q4 2025, up 598849% year over year and up 337869% from the previous quarter.

Gross margin was 0.0%. Operating profit was $333K, a 0.0% margin (up 139.5 points year over year). The fastest-growing cost line was Sales & marketing (+18%). Net earnings were $0.01B. The effective tax rate was -0.7%. Non-operating items added $0.01B, 97% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $1.6M (up 54% year over year), 14% of net earnings. Non-cash charges added back $323K of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $445K left free cash flow of $1.2M.

Questions

What was Tigo Energy's revenue in the fourth quarter 2025?

Tigo Energy (TYGO) reported revenue of $103.5B for the fourth quarter 2025 (Q4 2025), up 5,989-fold from a year earlier and up 3,380-fold from the quarter before.

Was Tigo Energy profitable in the fourth quarter 2025?

Operating profit was $333K (0.0% of revenue) and net earnings $11.7M.

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Source: Tigo Energy 10-K on SEC EDGAR.