TYGO · Tigo Energy, Inc.

Revenue Growth Driven by EMEA and Product Mix

Revenue for the first quarter of 2026 was $25.2 million, a 33.7% increase from $18.8 million in the same period last year. The growth was primarily driven by increased market acceptance of our MLPE products and higher sales of GO ESS inventory in Italy and the United States. The favorable product mix, including sales of previously reserved GO ESS inventory, contributed to the revenue increase.

Margin Expansion from Favorable Mix and Cost Tailwinds

Net Loss Improvement

Operating income improved to a loss of $2.4 million from a loss of $4.0 million in the prior year, a 39.4% improvement. Net loss improved 75.0% to $1.8 million from $7.0 million, and diluted EPS improved to -$0.02 from -$0.11. The improvement reflects the strong revenue growth and margin expansion, partially offset by higher operating expenses.

Cash Flow Pressure and Financing Support

Outlook and Risks

Our historical results are not necessarily indicative of future performance. Reductions in customer spending due to unfavorable macroeconomic conditions could adversely affect our business. Additionally, escalation in trade tensions, new tariffs, or geopolitical instability could impact our sourcing flexibility, product pricing, cost structure, and customer demand. Inventory levels may continue to increase due to existing purchase commitments, which could impair our ability to negotiate volume pricing discounts.