TYGO · Tigo Energy, Inc.

Tigo Energy delivered a robust start to 2026 with Q1 revenue of $25.2 million, reflecting 33.7% year-over-year growth despite seasonal weather impacts in end markets. Gross profit rose to $10.8 million with margin expansion to 42.8%, driven by operational efficiencies, while operating expenses increased to $13.2 million amid ongoing investments. This resulted in a significantly narrowed GAAP net loss of $1.8 million versus $7.0 million last year, alongside non-GAAP net loss of $0.1 million and adjusted EBITDA loss of $0.5 million, signaling progress toward profitability. Regionally, EMEA contributed 69.5% of revenue with strong year-over-year performance, while Americas at 20.9% faced sequential softness from prior tax credit pull-forwards. Operationally, the company shipped 615 thousand MLPE units equating to 468 MW and launched the scalable GO battery for Europe. Balance sheet strengthened markedly with cash rising to $11.6 million after a $15.0 million registered direct offering and full retirement of the $50.0 million convertible note, achieving zero debt. Management, led by CEO Zvi Alon, expressed confidence in sustained growth, citing business predictability. Guidance points to Q2 revenue of $30-32 million and adjusted EBITDA profitability of $1-3 million, with full-year revenue outlook reaffirmed at $130-135 million, underscoring expectations for accelerated profitable growth.