TIGO ENERGY, INC.
For the period ended Mar 31, 2026. Filed May 5, 2026.
View on SEC.govAbout 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.
Mar 31, 2026 · Filed May 5, 2026
TYGO$0.74+1.8%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets as of March 31, 2026, and December 31, 2025
CONDENSED CONSOLI DATED BALANCE SHEETS
(In thousands, except per share data)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $11,574 | $7,670 |
| Accounts receivable, net of allowance for credit losses of $1,359 and $356 at March 31, 2026, and December 31, 2025, respectively | 14,172 | 13,895 |
| Inventory | 24,811 | 31,286 |
| Prepaid expenses and other current assets | 4,562 | 5,148 |
| Total current assets | 55,119 | 57,999 |
| Property and equipment, net | 2,533 | 2,652 |
| Operating lease right of use assets | 2,160 | 2,338 |
| Intangible assets, net | 1,584 | 1,652 |
| Other assets | 1,247 | 1,187 |
| Goodwill | 12,209 | 12,209 |
| Total assets | $74,852 | $78,037 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $14,092 | $29,196 |
| Accrued expenses and other current liabilities | 6,282 | 7,129 |
| Deferred revenue, current portion | 504 | 961 |
| Warranty liability, current portion | 642 | 626 |
| Operating lease liabilities, current portion | 865 | 856 |
| Total current liabilities | 22,385 | 38,768 |
| Warranty liability, net of current portion | 8,937 | 8,718 |
| Deferred revenue, net of current portion | 840 | 860 |
| Operating lease liabilities, net of current portion | 1,613 | 1,817 |
| Other long-term liabilities | 231 | 251 |
| Total liabilities | 34,006 | 50,414 |
| Commitments and Contingencies (Note 8) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value: 150,000,000 shares authorized; 75,859,828 and 70,424,566 shares issued and outstanding at March 31, 2026, and December 31, 2025, respectively | 7 | 7 |
| Additional paid-in capital | 182,995 | 168,022 |
| Accumulated deficit | (142,156) | (140,406) |
| Total stockholders’ equity | 40,846 | 27,623 |
| Total liabilities and stockholders’ equity | $74,852 | $78,037 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Net revenue | $25,197 | $18,839 |
| Cost of revenue | 14,403 | 11,666 |
| Gross profit | 10,794 | 7,173 |
| Operating expenses: | ||
| Research and development | 2,644 | 2,164 |
| Sales and marketing | 4,480 | 3,916 |
| General and administrative | 6,080 | 5,070 |
| Total operating expenses | 13,204 | 11,150 |
| Loss from operations | (2,410) | (3,977) |
| Other expenses (income), net: | ||
| Interest expense | 1 | 2,871 |
| Other income, net | (497) | (143) |
| Total other (income) expenses, net | (496) | 2,728 |
| Loss before income tax | (1,914) | (6,705) |
| Income tax (benefit) expense | (164) | 296 |
| Net loss | $(1,750) | $(7,001) |
| Other comprehensive loss: | ||
| Unrealized loss resulting from change in fair value of marketable securities | $— | $(2) |
| Total comprehensive loss | $(1,750) | $(7,003) |
| Loss per common share | ||
| Basic | $(0.02) | $(0.11) |
| Diluted | $(0.02) | $(0.11) |
| Weighted-average common shares outstanding | ||
| Basic | 72,578,839 | 61,657,718 |
| Diluted | 72,578,839 | 61,657,718 |
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