Tigo Energy, Inc. (TYGO) 10-Year Financial Performance & Capital Metrics

TYGO • • Industrial / General

EnergySolarSolar Technology & Software SolutionsSolar Monitoring & AI Software

AboutTigo Energy, Inc. provides intelligent solar and energy storage solutions. It develops and manufactures smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems. The company combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for energy monitoring and control. Its MLPE products maximize performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level. The company also develops and manufactures products, such as inverters and battery storage systems for the residential solar-plus-storage market. The company was founded in 2007 and is based in Campbell, California.Show more

Revenue $54M -62.8%
EBITDA -$51M -608.3%
Net Income -$63M -6276.6%
EPS (Diluted) -1.04 -642.9%
Gross Margin -7.69% -121.8%
EBITDA Margin -94.01% -1804.5%
Operating Margin -96.27% -1589.6%
Net Margin -116.17% -17046.3%
ROE -176.23% -538.7%
ROIC -59.39% -8.5%
Debt/Equity 5.02 +824.0%
Interest Coverage -4.55 -346.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗High debt to equity ratio of 5.0x
✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 39.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y7.37%

TTM97.41%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM20.35%

EPS CAGR

10Y-

5Y-

3Y-

TTM12.79%

ROCE

10Y Avg-56.18%

5Y Avg-68.93%

3Y Avg-26.92%

Latest-66.17%

Peer Comparison

Solar Monitoring & AI Software

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TURBTurbo Energy, S.A. American Depositary Shares	12.34M	1.12	-0.75	-28.14%	-35.44%	-84.68%		2.01
TYGOTigo Energy, Inc.	124.52M	1.77	-1.70	-62.81%	-44.5%	-335.12%		5.02

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	33.29M	43.64M	81.32M	145.23M	54.01M
Revenue Growth %	-	-	0.31%	0.86%	0.79%	-0.63%
Cost of Goods Sold+	0	22.75M	31M	56.55M	93.92M	58.17M
COGS % of Revenue	-	0.68%	0.71%	0.7%	0.65%	1.08%
Gross Profit+	0	10.54M	12.64M	24.77M	51.31M	-4.16M
Gross Margin %	-	0.32%	0.29%	0.3%	0.35%	-0.08%
Gross Profit Growth %	-	-	0.2%	0.96%	1.07%	-1.08%
Operating Expenses+	1.23K	11.25M	16.35M	25.67M	59.58M	47.84M
OpEx % of Revenue	-	0.34%	0.37%	0.32%	0.41%	0.89%
Selling, General & Admin	1.23K	7.19M	10.59M	19.98M	50.09M	37.98M
SG&A % of Revenue	-	0.22%	0.24%	0.25%	0.34%	0.7%
Research & Development	0	4.06M	5.76M	5.68M	9.5M	9.86M
R&D % of Revenue	-	0.12%	0.13%	0.07%	0.07%	0.18%
Other Operating Expenses	0	0	0	0	0	0
Operating Income+	-1.23K	-716K	-3.71M	-896K	-8.28M	-52M
Operating Margin %	-	-0.02%	-0.09%	-0.01%	-0.06%	-0.96%
Operating Income Growth %	-	-583.49%	-4.19%	0.76%	-8.24%	-5.28%
EBITDA+	-1.23K	-91K	-3.29M	-334K	-7.17M	-50.78M
EBITDA Margin %	-	-0%	-0.08%	-0%	-0.05%	-0.94%
EBITDA Growth %	-	-73.29%	-35.21%	0.9%	-20.46%	-6.08%
D&A (Non-Cash Add-back)	0	625K	419K	562K	1.11M	1.22M
EBIT	-1.23K	-716K	-2.16M	-5.47M	7.27M	-51.22M
Net Interest Income+	0	-5.53M	-2.51M	-1.29M	-5.79M	-10.55M
Interest Income	0	5.53M	0	199K	2.32M	867K
Interest Expense	0	0	2.51M	1.49M	8.12M	11.42M
Other Income/Expense	0	-5.46M	-949K	-6.07M	7.43M	-10.65M
Pretax Income+	-1.23K	-6.17M	-4.66M	-6.97M	-846K	-62.64M
Pretax Margin %	-	-0.19%	-0.11%	-0.09%	-0.01%	-1.16%
Income Tax+	0	23K	200K	71K	138K	103K
Effective Tax Rate %	1%	1%	1.04%	1.01%	1.16%	1%
Net Income+	-1.23K	-6.2M	-4.86M	-7.04M	-984K	-62.75M
Net Margin %	-	-0.19%	-0.11%	-0.09%	-0.01%	-1.16%
Net Income Growth %	-	-5057.78%	0.22%	-0.45%	0.86%	-62.77%
Net Income (Continuing)	-1.23K	-6.2M	-4.86M	-7.04M	-984K	-62.75M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-0.00	-0.00	-0.03	-2.71	-0.14	-1.04
EPS Growth %	-	-	-	-99%	0.95%	-6.43%
EPS (Basic)	-0.00	-0.00	-0.03	-2.71	-0.15	-1.04
Diluted Shares Outstanding	14.84M	14.84M	14.84M	4.94M	43.22M	60.26M
Basic Shares Outstanding	14.84M	14.84M	14.84M	4.94M	38.05M	60.26M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25K	14.98M	22.95M	85.09M	104.71M	53.41M
Cash & Short-Term Investments	25K	4.24M	6.18M	36.19M	31.21M	19.9M
Cash Only	25K	4.24M	6.18M	36.19M	4.41M	11.75M
Short-Term Investments	0	0	0	0	26.81M	8.16M
Accounts Receivable	0	4.47M	3.88M	15.82M	6.86M	7.98M
Days Sales Outstanding	-	49.03	32.44	70.99	17.25	53.9
Inventory	0	4.54M	10.07M	24.91M	61.4M	22M
Days Inventory Outstanding	-	72.9	118.54	160.81	238.61	138.02
Other Current Assets	0	1.27M	2.82M	4.2M	0	0
Total Non-Current Assets+	0	1.11M	1.01M	2.99M	23.07M	19.5M
Property, Plant & Equipment	0	1.03M	932K	2.84M	5.96M	4.39M
Fixed Asset Turnover	-	32.38x	46.83x	28.62x	24.36x	12.31x
Goodwill	0	0	0	0	12.21M	12.21M
Intangible Assets	0	0	48K	63K	2.19M	1.92M
Long-Term Investments	0	0	0	24.68M	1.98M	0
Other Non-Current Assets	0	78K	30K	82K	707K	984K
Total Assets+	25K	16.09M	23.96M	88.08M	127.78M	72.91M
Asset Turnover	-	2.07x	1.82x	0.92x	1.14x	0.74x
Asset Growth %	-	642.52%	0.49%	2.68%	0.45%	-0.43%
Total Current Liabilities+	1.23K	26.18M	22.05M	39.59M	26.42M	17.11M
Accounts Payable	0	7.67M	12.25M	23.29M	15.69M	8.08M
Days Payables Outstanding	-	123.07	144.24	150.29	60.95	50.68
Short-Term Debt	0	12.96M	8M	10M	0	0
Deferred Revenue (Current)	0	0	48K	50K	335K	525K
Other Current Liabilities	1.23K	3.92M	689K	1.29M	1.23M	2.16M
Current Ratio	20.41x	0.57x	1.04x	2.15x	3.96x	3.12x
Quick Ratio	20.41x	0.40x	0.58x	1.52x	1.64x	1.84x
Cash Conversion Cycle	-	-1.13	6.74	81.5	194.9	141.24
Total Non-Current Liabilities+	0	10.74M	51.8M	104.18M	38.53M	47.42M
Long-Term Debt	0	7.95M	1.41M	10.64M	31.57M	40.51M
Capital Lease Obligations	0	0	0	762K	1.39M	961K
Deferred Tax Liabilities	0	0	0	88.65M	0	0
Other Non-Current Liabilities	0	2.79M	50.21M	3.96M	5.11M	5.3M
Total Liabilities	1.23K	36.92M	73.85M	143.77M	64.95M	64.53M
Total Debt+	0	20.9M	9.41M	21.98M	34.15M	42.12M
Net Debt	-25K	16.67M	3.23M	-14.21M	29.75M	30.38M
Debt / Equity	-	-	-	-	0.54x	5.02x
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-	-	-1.48x	-0.60x	-1.02x	-4.55x
Total Equity+	23.77K	-20.83M	-49.9M	-55.69M	62.82M	8.38M
Equity Growth %	-	-877.26%	-1.4%	-0.12%	2.13%	-0.87%
Book Value per Share	0.00	-1.40	-3.36	-11.27	1.45	0.14
Total Shareholders' Equity	23.77K	-20.83M	-49.9M	-55.69M	62.82M	8.38M
Common Stock	287	2K	2K	2K	6K	6K
Retained Earnings	-1.23K	-50.31M	-55.18M	-62.22M	-75.78M	-138.53M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	-103K	0	-88.65M	-59K	2K
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	0	-1.74K	-4.99M	-16.47M	-37.22M	-12.35M
Operating CF Margin %	-	-0%	-0.11%	-0.2%	-0.26%	-0.23%
Operating CF Growth %	-	-	-2866.82%	-2.3%	-1.26%	0.67%
Net Income	-1.23K	-1.97K	-4.86M	-7.04M	-984K	-62.75M
Depreciation & Amortization	0	625K	419K	562K	1.11M	1.22M
Stock-Based Compensation	0	105K	179K	813K	3.81M	7.72M
Deferred Taxes	0	835K	0	5.35M	-21K	0
Other Non-Cash Items	0	-1.56M	-147K	908K	-2.62M	30.98M
Working Capital Changes	1.23K	225	-578K	-17.07M	-38.51M	10.47M
Change in Receivables	0	-1.74M	815K	-12.53M	5.2M	570K
Change in Inventory	0	-1.62M	-5.48M	-14.97M	713K	16.3M
Change in Payables	0	3.37M	4.58M	10.89M	-8.58M	-6.63M
Cash from Investing+	0	-273K	-323K	-1.6M	-30.91M	19.76M
Capital Expenditures	0	-273K	-323K	-1.15M	-2.11M	-1.29M
CapEx % of Revenue	-	0.01%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	0	-456K	-450K	0
Cash from Financing+	25K	-469	7.3M	48.32M	34.82M	-61K
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	25K	-14.15M	-604K	37.16M	5.44M	-77K
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	0	-274.74K	-5.31M	-17.62M	-39.79M	-13.64M
FCF Margin %	-	-0.01%	-0.12%	-0.22%	-0.27%	-0.25%
FCF Growth %	-	-	-18.34%	-2.32%	-1.26%	0.66%
FCF per Share	-	-0.02	-0.36	-3.57	-0.92	-0.23
FCF Conversion (FCF/Net Income)	-	0.00x	1.03x	2.34x	37.83x	0.20x
Interest Paid	0	0	817K	1.24M	1.42M	2.51M
Taxes Paid	0	0	21K	109K	95K	575K

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5.15%	-	-	-	-27.59%	-176.23%
Return on Invested Capital (ROIC)	-	-	-	-	-54.76%	-59.39%
Gross Margin	-	31.66%	28.96%	30.46%	35.33%	-7.69%
Net Margin	-	-18.62%	-11.14%	-8.65%	-0.68%	-116.17%
Debt / Equity	-	-	-	-	0.54x	5.02x
Interest Coverage	-	-	-1.48x	-0.60x	-1.02x	-4.55x
FCF Conversion	-	0.00x	1.03x	2.34x	37.83x	0.20x
Revenue Growth	-	-	31.1%	86.34%	78.59%	-62.81%

Revenue by Geography

	2023	2024
EMEA	109.3B	32.59B
EMEA Growth	-	-70.18%
Americas	25.17B	13.13B
Americas Growth	-	-47.83%
Asia Pacific	10.76B	8.29B
Asia Pacific Growth	-	-22.97%

Frequently Asked Questions

Growth & Financials

Tigo Energy, Inc. (TYGO) reported $90.8M in revenue for fiscal year 2024.

Tigo Energy, Inc. (TYGO) saw revenue decline by 62.8% over the past year.

Tigo Energy, Inc. (TYGO) reported a net loss of $40.4M for fiscal year 2024.

Dividend & Returns

Tigo Energy, Inc. (TYGO) has a return on equity (ROE) of -176.2%. Negative ROE indicates the company is unprofitable.

Tigo Energy, Inc. (TYGO) generated $9.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

← Back to Screener