Tigo Energy, Inc. ( (TYGO) ) has released its Q3 earnings. Here is a breakdown of the information Tigo Energy, Inc. presented to its investors.
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Tigo Energy, Inc., a prominent player in the solar industry, specializes in intelligent solar and energy software solutions, enhancing the efficiency and safety of solar systems across residential, commercial, and utility-scale sectors.
In its latest earnings report for the third quarter of 2025, Tigo Energy announced significant financial improvements, marking a 115% increase in revenue compared to the same period in 2024, and a return to operating profitability. The company also highlighted a strategic partnership with EG4 Electronics to bolster its manufacturing and marketing capabilities in the U.S. market.
Key financial metrics from the third quarter include a revenue of $30.6 million, a substantial increase from $14.2 million in the previous year, and an adjusted EBITDA of $2.9 million, showcasing a turnaround from a loss of $8.3 million in 2024. The company also reported a net loss reduction to $2.2 million from $13.1 million the previous year and a notable increase in cash reserves to $40.3 million.
Strategically, Tigo Energy is leveraging its growth in the EMEA and Americas regions, which collectively contributed to 96% of its revenue. The partnership with EG4 Electronics is expected to further enhance its market presence, particularly in the U.S., where sales have seen a 68% sequential growth.
Looking ahead, Tigo Energy anticipates stable revenue in the fourth quarter, despite seasonal slowdowns, supported by strong demand and a robust backlog. The company remains optimistic about its continued growth trajectory and market expansion efforts, driven by strategic partnerships and innovative product offerings.