--- title: "Tigo Energy | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 25.2 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285257604.md" datetime: "2026-05-05T20:09:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285257604.md) - [en](https://longbridge.com/en/news/285257604.md) - [zh-HK](https://longbridge.com/zh-HK/news/285257604.md) --- # Tigo Energy | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 25.2 M Revenue: As of FY2026 Q1, the actual value is USD 25.2 M, missing the estimate of USD 25.76 M. EPS: As of FY2026 Q1, the actual value is USD -0.02. EBIT: As of FY2026 Q1, the actual value is USD -1.913 M. ### Segment Revenue Net revenue for Tigo Energy, Inc. increased by $6,358 thousand, or 33.7%, to $25,197 thousand for the three months ended March 31, 2026, compared to $18,839 thousand for the same period in 2025. This growth was primarily driven by a $4.8 million, or 30.0%, increase from the MLPE product line and a $2.0 million, or 96.4%, increase from GO ESS products in 2026 compared to 2025. #### Geographic Net Revenue - **EMEA:** Net revenue in the EMEA region increased by $5,970 thousand, or 51.7%, to $17,522 thousand for the three months ended March 31, 2026, from $11,552 thousand in the prior year period. This increase was primarily due to a $4.7 million increase from MLPE products and a $1.2 million increase from GO ESS products. Italy, Czech Republic, and Germany represented 18.9%, 16.4%, and 10.0% of total net revenue, respectively, for the three months ended March 31, 2026. - **Americas:** Net revenue for the Americas region increased by $555 thousand, or 11.8%, to $5,274 thousand for the three months ended March 31, 2026, from $4,719 thousand in the prior year period. This growth was mainly due to increases of $0.7 million from GO ESS products and $0.3 million from MLPE products, partially offset by a -$0.4 million decrease in royalty revenue. The United States accounted for 19.8% of total net revenue for the three months ended March 31, 2026. - **APAC:** Net revenue in the APAC region decreased by -$167 thousand, or -6.5%, to $2,401 thousand for the three months ended March 31, 2026, from $2,568 thousand in the prior year period. ### Operational Metrics Gross profit increased by $3,621 thousand, or 50.5%, to $10,794 thousand for the three months ended March 31, 2026, compared to $7,173 thousand for the same period in 2025. Gross margin improved to 42.8% in 2026 from 38.1% in 2025. Cost of revenues increased by $2,737 thousand, or 23.5%, to $14,403 thousand in 2026. Operating expenses included Research and Development expenses, which increased by $480 thousand, or 22.2%, to $2,644 thousand for the three months ended March 31, 2026. Sales and Marketing expenses increased by $564 thousand, or 14.4%, to $4,480 thousand. General and Administrative expenses increased by $1,010 thousand, or 19.9%, to $6,080 thousand. Loss from operations decreased by $1,567 thousand, or 39.4%, to -$2,410 thousand for the three months ended March 31, 2026, compared to -$3,977 thousand for the same period in 2025. Net loss decreased by $5,251 thousand, or 75.0%, to -$1,750 thousand for the three months ended March 31, 2026, compared to -$7,001 thousand in 2025. Other (income) expenses, net, changed by -$3,224 thousand, or -118.2%, resulting in other income of -$496 thousand for the three months ended March 31, 2026. Income tax benefit was -$164 thousand for the three months ended March 31, 2026, compared to an income tax expense of $296 thousand for the same period in 2025. ### Cash Flow Net cash used in operating activities increased to -$9,252 thousand for the three months ended March 31, 2026, from -$530 thousand for the same period in 2025. Net cash used in investing activities decreased to -$209 thousand for the three months ended March 31, 2026, from -$3,532 thousand in 2025. Net cash provided by financing activities increased to $13,365 thousand for the three months ended March 31, 2026, from $817 thousand in 2025. The net increase in cash and cash equivalents was $3,904 thousand for the three months ended March 31, 2026, compared to a decrease of -$3,245 thousand for the same period in 2025. ### Unique Metrics Inventory, net, was $24,811 thousand as of March 31, 2026, down from $31,286 thousand as of December 31, 2025, with the inventory reserve at $8.6 million. Warranty liability was $9,579 thousand as of March 31, 2026, compared to $7,324 thousand as of March 31, 2025. Total long-lived assets were $4,693 thousand as of March 31, 2026. Goodwill was $12.2 million as of March 31, 2026, related to the acquisition of Tigo Energy AI Ltd. Intangible assets, net, were $1,584 thousand as of March 31, 2026, with an amortization expense of $0.1 million for the three months ended March 31, 2026. ### Future Outlook and Strategy Tigo Energy, Inc. aims to grow revenue by expanding its product and service offerings and customer base, particularly in the U.S. and EMEA residential markets. The company plans to continue substantial investments in research and development for new product introductions, such as the GO ESS product line and Predict+ service, to contribute to long-term revenue growth and market leadership. Tigo Energy, Inc. anticipates that cash from operations, proceeds from the Registered Direct Offering, and borrowing capacity under its Credit Facility will provide adequate liquidity for at least the next 12 months. ### Related Stocks - [TYGO.US](https://longbridge.com/en/quote/TYGO.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Autohome Inc. to Announce First Quarter 2026 Financial Results on May 28, 2026 | ATHM Stock News](https://longbridge.com/en/news/286390966.md) - [OS Therapies to Announce First Quarter 2026 Financials on Monday, May 18, 2026 | OSTX Stock News](https://longbridge.com/en/news/286607728.md) - [Royce Small-Cap Trust (NYSE: RVT) as of Apr 30, 2026 | RVT Stock News](https://longbridge.com/en/news/287103750.md)