Turbo Energy, S.A. American Depositary Shares (TURB) Revenue History
Annual and quarterly revenue from 2021 to 2024
Compound Annual Growth Rate (CAGR)
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TURB Revenue Growth
Revenue Breakdown
TURB's revenue distribution by segment and geography
By Geography
TURB Revenue Analysis (2021–2024)
As of May 8, 2026, Turbo Energy, S.A. American Depositary Shares (TURB) generated trailing twelve-month (TTM) revenue of $28.8 million, reflecting significant decline in growth of -63.2% year-over-year. The most recent quarter (Q4 2023) recorded $5.8 million in revenue, down 18.4% sequentially.
Looking at the longer-term picture, TURB's historical revenue data shows a 3-year CAGR of -18.1%. The company achieved its highest annual revenue of $31.1 million in 2022.
When compared to Energy sector peers including SHLS (+37.8% YoY), SPWR (+73.3% YoY), and ENPH (-1.6% YoY), TURB has underperformed the peer group in terms of revenue growth. Compare TURB vs SHLS →
TURB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TURBCurrent | $29M | -63.2% | - | -42.2% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 SPWR | $309M | +73.3% | +59.2% | -2.0% | |
 ENPH | $1.5B | -1.6% | +13.7% | 11.2% | |
 SEDG | $1.2B | +39.2% | -4.1% | -24.1% | |
 PSHG | $87M | -11.1% | +26.6% | 47.8% |
TURB Historical Revenue Data (2021–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $9.4M | -28.1% | $336K | 3.6% | $-3,971,312 | -42.2% |
| 2023 | $13.1M | -57.9% | $1.1M | 8.1% | $-2,642,167 | -20.2% |
| 2022 | $31.1M | +81.6% | $4.6M | 14.8% | $1.7M | 5.4% |
| 2021 | $17.2M | - | $2.3M | 13.1% | $477K | 2.8% |
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Start ComparisonTURB — Frequently Asked Questions
Quick answers to the most common questions about buying TURB stock.
Is TURB's revenue growth accelerating or slowing?
TURB revenue declined -63.2% year-over-year, contrasting with the 5-year CAGR of N/A. TTM revenue fell to $29M. This reverses the prior growth trend.
What is TURB's long-term revenue growth rate?
Turbo Energy, S.A. American Depositary Shares's 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -63.2% is below this long-term average.
How is TURB's revenue distributed by segment?
TURB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2024 are available for download. Segment mix reveals concentration and diversification trends.