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Tigo Energy vs Lightpath Technologies: TYGO and LPTH compared
Tigo Energy is the larger company: $24.0M of revenue in its latest quarter (Q3 2026) against $21.2M for Lightpath Technologies (Q4 FY26). Lightpath Technologies is growing faster (+73% against -22% a year earlier). Tigo Energy is more profitable, with an operating margin of -0.3% against -20.3%.
Where the money goes: TYGO and LPTH
Tigo Energy (TYGO) · Q3 2026
Tigo Energy, Q3 2026: revenue $24.0M (-22% year over year), operating margin -0.3%, net earnings $361K, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
Lightpath Technologies (LPTH) · Q4 FY26
Lightpath Technologies, Q4 FY26: revenue $21.2M (+73% year over year), operating margin -20.3%, net loss $4.1M, operating cash flow −$5.1M. The chart follows the revenue to costs, profit and cash.
| Tigo Energy (TYGO) | Lightpath Technologies (LPTH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $24.0M | $21.2M |
| Revenue growth, Y/Y | -22% | +73% |
| Operating margin | -0.3% | -20.3% |
| Net earnings | $361K | −$4.1M |
| Net margin | 1.5% | -19.6% |
| Operating cash flow | $2.0M | −$5.1M |
| Free cash flow | $1.9M | — |
Where the revenue comes from
Lightpath Technologies
- Assemblies and Modules: $10.4M (49%)
- Infrared Components: $5.8M (27%)
- Visible Components: $4.2M (20%)
- Engineering Services: $777K (4%)
Questions
Which is bigger, Tigo Energy or Lightpath Technologies?
Tigo Energy is the larger company: $24.0M of revenue in its latest quarter (Q3 2026) against $21.2M for Lightpath Technologies (Q4 FY26).
Is Tigo Energy or Lightpath Technologies growing faster?
Lightpath Technologies is growing faster (+73% against -22% a year earlier).
Which is more profitable, Tigo Energy or Lightpath Technologies?
Tigo Energy is more profitable, with an operating margin of -0.3% against -20.3%.
More: Tigo Energy earnings · how Tigo Energy makes money · Lightpath Technologies earnings · how Lightpath Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-K filed Sep 11, 2026). Fiscal quarters can end on different dates. Not investment advice.