Q - TIGO ENERGY,

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 5, 2025

TYGO$0.74+1.8%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Balance Sheets as of June 30, 2025, and December 31, 2024

CONDENSED CONSOLI DATED BALANCE SHEETS

(In thousands, except per share data)

	June 30, 2025	December 31, 2024
ASSETS
Current assets
Cash and cash equivalents	$10,212	$11,746
Marketable securities, short-term	17,804	8,156
Accounts receivable, net of allowance for credit losses of $2,077 and $2,239 at June 30, 2025, and December 31, 2024, respectively	10,395	7,976
Inventory	18,927	21,997
Prepaid expenses and other current assets	3,014	3,533
Total current assets	60,352	53,408
Property and equipment, net	2,537	2,812
Operating right of use assets	2,701	1,576
Intangible assets, net	1,787	1,922
Other assets	1,059	984
Goodwill	12,209	12,209
Total assets	$80,645	$72,911
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$14,226	$8,077
Accrued expenses and other current liabilities	6,823	7,361
Short-term debt, net of unamortized debt discount and issuance costs	44,981	—
Deferred revenue, current portion	724	525
Warranty liability, current portion	556	496
Operating lease liabilities, current portion	692	649
Total current liabilities	68,002	17,108
Warranty liability, net of current portion	7,571	5,302
Deferred revenue, net of current portion	898	644
Long-term debt, net of unamortized debt discount and issuance costs	—	40,511
Operating lease liabilities, net of current portion	2,210	961
Other long-term liabilities	272	—
Total liabilities	78,953	64,526
Commitments and Contingencies (Note 8)
Stockholders’ equity
Common stock, $0.0001 par value: 150,000,000 shares authorized; 62,628,790 and 60,800,130 shares issued and outstanding at June 30, 2025, and December 31, 2024, respectively	6	6
Additional paid-in capital	151,646	146,903
Accumulated deficit	(149,957)	(138,526)
Accumulated other comprehensive income	(3)	2
Total stockholders’ equity	1,692	8,385
Total liabilities and stockholders’ equity	$80,645	$72,911

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except share and per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Net revenue	$24,055	$12,701	$42,894	$22,503
Cost of revenue	13,292	8,834	24,958	15,870
Gross profit	10,763	3,867	17,936	6,633
Operating expenses:
Research and development	2,267	2,704	4,431	5,175
Sales and marketing	4,412	4,055	8,328	8,658
General and administrative	5,588	5,511	10,658	10,291
Total operating expenses	12,267	12,270	23,417	24,124
Loss from operations	(1,504)	(8,403)	(5,481)	(17,491)
Other expenses (income), net:
Change in fair value of contingent shares liability	—	41	—	(155)
Interest expense	2,868	2,862	5,739	5,688
Other income, net	(100)	(1)	(243)	(213)
Total other expenses, net	2,768	2,902	5,496	5,320
Loss before income tax expense	(4,272)	(11,305)	(10,977)	(22,811)
Income tax expense	158	16	454	16
Net loss	$(4,430)	$(11,321)	$(11,431)	$(22,827)
Other comprehensive loss:
Unrealized (loss) gain resulting from change in fair value of marketable securities	$(3)	$24	$(5)	$36
Total comprehensive loss	$(4,433)	$(11,297)	$(11,436)	$(22,791)
Loss per common share
Basic	$(0.07)	$(0.19)	$(0.18)	$(0.38)
Diluted	$(0.07)	$(0.19)	$(0.18)	$(0.38)
Weighted-average common shares outstanding
Basic	62,290,411	60,363,680	61,977,574	59,874,991
Diluted	62,290,411	60,363,680	61,977,574	59,874,991

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands, except share data)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.