Tigo Energy Q1 net loss narrows to $1.75 million; revenue rises 33.7% to $25.2 million

Tigo Energy, Inc.

Tigo Energy, Inc.

TYGO

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  • Tigo Energy posted Q1 net loss of USD 1.75 million, narrowing 75% year over year, as net revenue rose 33.7% to USD 25.2 million.
  • Gross margin widened 4.7 percentage points to 42.8%, while operating loss narrowed 39.4% to USD 2.41 million.
  • Net cash used in operating activities was USD 9.25 million, while cash and cash equivalents ended at USD 11.6 million.
  • Completed a registered direct offering of 5,000,000 shares for gross proceeds of USD 15 million, with net proceeds of about USD 14 million.
  • Entered a Wells Fargo revolving credit facility providing up to USD 10 million through March 31, 2029, with no amounts outstanding as of March 31, 2026.


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