Tigo Energy Stock Earnings Reports

Tigo Energy reported a strong start to fiscal 2026 with Q1 revenue of $25.2M, up 33.7% year-over-year but down 16.1% sequentially. Revenue mix was heavily EMEA-weighted (69.5%), with Americas at 20.9% and APAC at 9.6%. Product mix: MLPE drove 82.4% of revenue, GO ESS contributed 15.8%, and Predict+ 1.8%. Gross profit improved to $10.8M (42.8% margin) driven in part by the absence of warranty charges year-over-year. GAAP net loss narrowed to $1.8M; newly disclosed non-GAAP net loss (ex-stock comp) was $0.1M. Adjusted EBITDA loss improved to $0.5M. Balance sheet highlights: cash and marketable securities of $11.6M, inventories down to $24.8M, A/R $14.2M, and primary shares outstanding of 75.9M. The company closed a ~ $15M registered direct offering in the quarter and secured a Wells Fargo credit facility (up to $10M available). Management outlined three 2026 growth catalysts: the EG4 partnership (optimized inverter solutions eligible for U.S. ITC), a next‑generation GO ESS battery for U.S. and EMEA, and an expanding utility-scale pipeline (including recent large wins in Spain). They noted a $1M bad debt hit tied to a European distributor bankruptcy but expect partial insurance recovery. Outlook: Q2 revenue guidance of $30–32M and adjusted EBITDA of $1–3M; full‑year 2026 revenue guidance of $130–135M. Management signaled confidence in continued market recovery and potential upside from EU moves limiting certain Chinese equipment and from repowering and utility-scale opportunities.