TIGO ENERGY (TYGO) Company Report

On December 18, 2025, Tigo Energy, Inc. entered into an amended and restated manufacturing and supply agreement with EG4 Electronics LLC, superseding their prior agreement dated August 19, 2025.
Under the amended agreement, Tigo will supply TS4-A-Os optimizers, Tigo Cloud Connect Advanced (CCAs), and Tigo Access Point (TAPs) (collectively, "Company Components") to EG4.
EG4 will use these Company Components to manufacture, package, and distribute Optimized Inverters.
A significant change is that EG4 will be the claimant of the 45x Tax Credits for the Optimized Inverters, and EG4 will pay Tigo an agreed-upon amount of these credits within 90 days of receipt and monetization.

Dec 19, 2025, 9:32 PM

8-K

Tigo Energy announces full repayment of Convertible Promissory Note

TYGO

Debt Issuance

Tigo Energy, Inc. announced the full repayment of its $50 million Convertible Promissory Note on December 17, 2025.
The company used cash on its balance sheet to repay the note, which was originally issued on January 9, 2023, with a 5.0% annual interest rate and a maturity date of January 9, 2026.
The total amount paid was $51,250,000.
This repayment eliminates the January 2026 maturity, removes a potential equity overhang, and strengthens the company's balance sheet, leaving Tigo Energy with no outstanding debt maturities.

Dec 17, 2025, 9:15 PM

8-K

Tigo Energy, Inc. Sells Patents in Material Definitive Agreement

TYGO

M&A

New Projects/Investments

Tigo Energy, Inc. (TYGO) and Tigo Energy AI Ltd. (collectively, "Seller") entered into a Patent Purchase Agreement with Tigo Energy Innovations LLC ("Purchaser") on December 16, 2025, for the sale of certain patents.
The aggregate purchase price for the patents is between $17,750,000 and $17,950,000.
An initial payment of $15,000,000 was made at the initial closing, with a holdback amount of $2,750,000 to $2,950,000 to be paid within four months, subject to certain conditions.
Additionally, the Seller is entitled to receive up to $5,000,000 in certain royalty payments after the initial closing and received a non-exclusive grant-back license to practice the Assigned Patents in connection with its products.

Dec 17, 2025, 2:00 PM

8-K

Tigo Energy Expands EU Residential Solar-Plus-Storage Solution with Dynamic Tariff Management

TYGO

Product Launch

New Projects/Investments

Tigo Energy has introduced dynamic tariff management for its EI Residential Solar-Plus-Storage solution in the EU, enabling the system to automatically optimize energy usage based on fluctuating wholesale electricity prices.
This new feature, available as a software update for both new and existing customers, aims to maximize savings and grid independence without requiring additional hardware.
The Dynamic Rate Management is currently available in Germany, the UK, and the Netherlands, with further expansion planned.
The company highlights that households utilizing dynamic electricity contracts with optimized consumption have achieved up to 34% savings in electricity costs.

Dec 9, 2025, 8:44 PM

Press Release

TIGO Energy Reports Q3 2025 Results with Strong Revenue Growth and Positive Adjusted EBITDA

TYGO

Earnings

Guidance Update

Revenue Acceleration/Inflection

TIGO Energy reported Q3 2025 revenue of $30.6 million, representing a 27% sequential increase and 115% year-over-year growth, marking its seventh consecutive quarter of sequential revenue growth.
The company achieved GAAP operating profitability and reported positive adjusted EBITDA of $2.9 million for Q3 2025.
US sales grew approximately 68% sequentially, making it the largest sales region this quarter, primarily driven by the successful repower market initiative.
For Q4 2025, revenue is expected to be between $29 million and $31 million, and adjusted EBITDA between $2 million and $4 million; full-year 2025 revenue is anticipated to be between $102.5 million and $104.5 million.
TIGO announced a domestic manufacturing and marketing partnership with EG4 Electronics in the US, targeting initial shipments of an optimized inverter solution for Q1 2026.

Oct 28, 2025, 8:30 PM

Transcript

Tigo Energy Reports Strong Q3 2025 Financial Results and Provides Q4 and Full-Year Guidance

TYGO

Earnings

Guidance Update

Revenue Acceleration/Inflection

Tigo Energy, Inc. reported revenue of $30.6 million for the third quarter ended September 30, 2025, marking a 115% increase compared to the third quarter of 2024 and a 27.3% sequential increase from the second quarter of 2025.
The company achieved income from operations of $0.6 million and Adjusted EBITDA of $2.9 million for Q3 2025, a significant improvement from losses in the prior year period, indicating a return to GAAP operating profitability.
Cash, cash equivalents, and marketable securities increased sequentially by $12.3 million to $40.3 million at September 30, 2025.
For the fourth quarter ending December 31, 2025, Tigo Energy expects revenues between $29.0 million and $31.0 million and Adjusted EBITDA between $2.0 million and $4.0 million. Full-year 2025 revenues are anticipated to be between $102.5 million and $104.5 million.

Oct 28, 2025, 8:14 PM

8-K

TYGO Provides Update on Growth, Financials, and Market Strategy

TYGO

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

TYGO reported $43 million in revenue for the first half of 2025 and provided Q3 2025 guidance of $30 million, projecting full-year 2025 revenue between $100 million and $105 million, representing over 85% year-over-year growth.
The company achieved cash positive status in Q1 2025 and EBITDA positive in Q2 2025, with Q2 2025 gross margins at 44.7% and Q3 2025 EBITDA guidance of $2 million to $4 million.
TYGO is expanding its US manufacturing capabilities through a partnership with EG4 to leverage the 45x manufacturing tax credit and the 30% investment tax credit (plus an additional 10% for domestic content).
The company holds $28 million in cash and $50 million in long-term debt as of June 2025.

Oct 22, 2025, 4:30 PM

Transcript

Tigo Energy Provides Financial Update and Strategic Outlook

TYGO

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Tigo Energy reported $54 million in revenue for the last year (FY 2024) and $43 million for the first half of this year (H1 2025), with Q3 2025 revenue guided at $30 million. The company anticipates FY 2025 revenue between $100 million and $105 million, reflecting over 85% year-over-year growth.
The company achieved a 44.7% gross margin in the most recent quarter (Q2 2025), was cash positive since Q1 2025, and EBITDA positive in Q2 2025, with Q3 2025 EBITDA guided between $2 million and $4 million. Tigo Energy holds $28 million in cash and has $50 million in long-term debt, including a $50 million note due in early January.
Tigo Energy is expanding its US manufacturing capabilities through a partnership with EG4 to capitalize on 45X manufacturing tax credits and investment tax credits. The company is a leading provider of Module Level Power Electronics (MLPE), with 85% of its business from MLPE hardware, and generates 60-65% of its revenue from EMEA.

Oct 22, 2025, 4:30 PM

Transcript

TYGO Reports Strong Rebound in 2025 Following 2024 Downturn and Strategic Product Expansion

TYGO

Revenue Acceleration/Inflection

Product Launch

New Projects/Investments

Tigo Energy reported a significant revenue rebound in 2025, with $42 million in the first six months, following a decline to $54 million in 2024 from $146 million in 2023, and projects 85% to 94% growth for the full year 2025.
The company has diversified its product portfolio, with MLPE optimizers accounting for 85% of last year's revenues, and new offerings like hybrid inverters and residential battery storage solutions making up 10%, alongside its Predict+ software platform for utilities.
Tigo Energy plans to commence U.S. manufacturing in 2026 for the U.S. market, which will provide access to ITC and manufacturing tax credits, and has formed a partnership with EG4 for an optimized inverter solution in the U.S. next year.
The company has increased its market share in the DC optimizer segment from 9% to 17% and has achieved cash positive status a few quarters ago and EBITDA positive last quarter, with current quarter EBITDA guidance between $29 million and $31 million.

Oct 20, 2025, 11:00 PM

Transcript

TYGO Reports Strong 2025 Rebound, Product Expansion, and US Manufacturing Partnership

TYGO

Revenue Acceleration/Inflection

Product Launch

New Projects/Investments

TYGO reported a revenue decline to $54 million in 2024 from $146 million in 2023, but projects a strong rebound in 2025 with 85-94% full-year growth guidance. The company achieved cash positive status a few quarters ago and EBITDA positive last quarter, targeting 40% gross margin and 20-25% EBITDA margins.
The company expanded its product portfolio to include a hybrid inverter and residential battery storage solution (10% of revenues), and the Predict Plus software for utilities (5% of revenues), complementing its core MLP optimizer (85% of revenues).
TYGO's market share increased to 17% in the past year , benefiting from a 62% bounce back in the DC optimizers market in 2025 after a 44% drop in 2024, with 18% growth projected for the rest of the decade.
A strategic partnership with EG4 will introduce an optimized inverter solution with US manufacturing next year, offering buyers access to ITC and bonus tax credits and TYGO access to the 45x manufacturing credit.