Tigo Energy (TYGO)

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Tigo Energy, Inc. is a solar technology company that supplies hardware and software used to improve the performance, visibility, and safety of photovoltaic systems. Its core products sit in the module-level power electronics market, where devices are installed at or near individual solar panels to manage production more precisely than a system that treats an entire array as one unit. The company’s optimizers are designed to reduce losses caused by shading, mismatch, soiling, aging, or differing panel orientations, helping installers and system owners capture more usable energy from each module.

Tigo’s offering also includes monitoring, diagnostics, and control tools delivered through cloud-based software. These capabilities allow customers to track system output, identify underperforming equipment, and manage assets across residential, commercial, industrial, and utility-scale installations. The company is also active in solar-plus-storage, reflecting the broader shift toward distributed energy systems that combine generation, batteries, and intelligent management.

The business serves customers across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Tigo operates in a competitive clean-energy supply chain that includes inverter manufacturers, optimizer providers, installers, distributors, and project developers. Its position is distinctive because it emphasizes flexible MLPE architecture and compatibility with a range of solar system designs rather than a single vertically integrated installation model. Demand for its products is tied to solar deployment, electricity prices, regulatory incentives, safety standards, and the need for better system-level data as solar assets become a larger part of global power infrastructure.

3.47 USD
3.44 USD
−0.29 (-7.71%)
After-hours

Last updated

Market Cap
285.42M
P/E
84.67
P/FCF
393.15
P/S
2.6
Enterprise Value
273.85M
Sector
Information Technology
Industry
Semiconductors and Related Devices
Address
983 UNIVERSITY AVENUE, LOS GATOS, CA, 95032
Market Cap
285.42M
Enterprise Value
273.85M
P/E
84.67
P/B
6.99
P/S
2.6
EV / EBITDA
-161.47
EV / Sales
2.49
EPS
0.04
Dividend Yield
0%
P/FCF
393.15
P/CF
180.99
Free Cash Flow
726K
ROE
8.25%
ROA
4.5%
Debt / Equity
0
Current Ratio
2.46
Quick Ratio
1.35
Cash
0.52
Avg Volume
751.38K
Fundamentals Snapshot Price
3.76

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 25.2M 30.03M 30.61M 24.06M 18.84M
Gross profit 10.79M 13.35M 13.06M 10.76M 7.17M
Operating income -2.41M 333K 649K -1.5M -3.98M
EBITDA -2.08M 656K 939K -1.21M -3.62M
Net income -1.75M 11.72M -2.17M -4.43M -7M
Basic EPS -0.02 0.19 -0.03 -0.07 -0.11
Diluted EPS -0.02 0.19 -0.03 -0.07 -0.11

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 74.85M 78.04M 107.84M 80.65M 70.64M
Total liabilities 34.01M 50.41M 95.78M 78.95M 66.86M
Total equity 40.85M 27.62M 12.06M 1.69M 3.78M
Cash & equivalents 11.57M 7.67M 24.47M 10.21M 8.5M
Current assets 55.12M 58M 87.76M 60.35M 51.78M
Current liabilities 22.39M 38.77M 84.87M 68M 58.33M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -9.25M 1.63M 1.43M 7.77M -530K
Investing cash flow -209K 30.05M 2.21M -6.11M -3.53M
Financing cash flow 13.37M -48.47M 10.62M 50K 817K
Change in cash 3.9M -16.8M 14.26M 1.71M -3.25M
Kind Filing Date Link
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