← T1 Energy Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and Cash Equivalents, at Carrying Value | — | $443.1m | $253.3m | $72.6m | $182.4m | |
| Cash and cash equivalents | — | $443.1m | $253.3m | $72.6m | $182.4m | |
| Accounts receivable | — | — | — | $0 | $84.5m | |
| Government grants receivable, net | — | — | — | $687k | $36.4m | |
| Other current assets | — | $8.1m | $34.0m | $2.3m | $6.0m | |
| Cash Cash Equivalents And Short Term Investments | — | $443.1m | $253.3m | $72.6m | $182.4m | |
| Other Receivables | — | — | — | $687k | $36.4m | |
| Prepaid Assets | — | $8.3m | $0 | $164.8m | $137.5m | |
| Inventory, Net | — | — | $0 | $274.5m | $116.0m | |
| Assets, Current | — | $579.5m | $312.0m | $583.2m | $663.5m | |
| Total current assets | — | $579.5m | $312.0m | $583.2m | $663.5m | |
| Property, Plant and Equipment, Net | — | $210.8m | $366.4m | $285.2m | $302.3m | |
| Goodwill | — | — | $0 | $74.5m | $57.4m | |
| Intangible assets, net | — | $3.0m | $2.8m | $281.9m | $180.5m | |
| Goodwill And Other Intangible Assets | — | $3.0m | $0 | $358.0m | $237.9m | |
| Other Intangible Assets | — | $3.0m | $2.8m | $283.5m | $180.5m | |
| Operating Lease, Right-of-Use Asset | — | $14.5m | $24.5m | $111.1m | $151.2m | |
| Other Assets, Noncurrent | — | $11k | $4.3m | — | $10.1m | |
| Right-of-use asset under operating leases | — | $14.5m | $24.5m | $111.1m | $151.2m | |
| Other assets | — | $11k | $4.3m | $0 | $10.1m | |
| Additional Financial Items | ||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | — | — | $84.5m | |
| Restricted cash | — | $120.0m | $22.4m | $4.0m | $7.1m | |
| Advances to suppliers | — | — | $0 | $164.8m | $137.5m | |
| Current assets of discontinued operations | — | — | $57.6m | $64.9m | $19.4m | |
| Deferred revenue | $1.4m | — | $0 | $48.2m | $56.7m | |
| Derivative liabilities | — | — | $0 | $14.9m | $11.7m | |
| Current liabilities of discontinued operations | — | — | $31.5m | $51.0m | $47.5m | |
| Convertible note - related party | — | — | $0 | $80.7m | $153.0m | |
| Operating lease liability | — | $11.1m | $18.8m | $101.8m | $143.5m | |
| Accumulated Depreciation | — | ($550k) | ($1.1m) | ($12.0m) | ($45.1m) | |
| Assets Held For Sale Current | — | — | $57.6m | $51.0m | $19.4m | |
| Capital Lease Obligations | — | $14.4m | $0 | $116.9m | $158.5m | |
| Construction In Progress | — | $164.4m | $0 | $290.7m | $31.1m | |
| Current Accrued Expenses | — | $47.9m | $8.5m | $77.6m | $29.7m | |
| Current Capital Lease Obligation | — | $3.3m | $0 | $11.2m | $14.9m | |
| Current Debt | — | — | — | $94.4m | $46.4m | |
| Current Debt And Capital Lease Obligation | — | $3.3m | $3.4m | $105.6m | $61.3m | |
| Current Deferred Liabilities | $1.4m | — | $0 | $48.7m | $56.7m | |
| Derivative Product Liabilities | $49.1m | $33.8m | $2.0m | — | — | |
| Dueto Related Parties Current | — | — | $0 | $52.5m | — | |
| Employee Benefits | $6.6m | $0 | — | — | — | |
| Finished Goods | — | — | $0 | $21.1m | $154k | |
| Gross PPE | — | $225.9m | $2.9m | $417.8m | $498.6m | |
| Invested Capital | — | $717.5m | $633.2m | $791.0m | $640.5m | |
| Investmentin Financial Assets | — | $0 | $21.0m | — | — | |
| Investments And Advances | $2.9m | $0 | $22.3m | — | — | |
| Land And Improvements | $0 | $44.3m | $44.3m | — | — | |
| Leases | — | $21k | $39.7m | $6.8m | $193.7m | |
| Liabilities Heldfor Sale Non Current | — | — | $45.8m | $0 | — | |
| Long Term Capital Lease Obligation | — | $11.1m | $0 | $105.7m | $143.5m | |
| Long Term Equity Investment | $2.9m | $0 | $1.3m | — | — | |
| Machinery Furniture Equipment | — | $2.6m | $2.9m | $8.1m | $122.7m | |
| Net Debt | — | — | — | $529.6m | $207.7m | |
| Net PPE | — | $225.3m | $1.7m | $405.8m | $453.5m | |
| Net Tangible Assets | — | $714.5m | $633.2m | ($120.9m) | $84.0m | |
| Non Current Deferred Liabilities | — | — | $443k | $53.2m | $51.9m | |
| Non Current Note Receivables | $20.2m | $20.0m | $0 | — | — | |
| Ordinary Shares Number | — | $139.7m | $139.7m | $155.9m | $266.3m | |
| Other Current Borrowings | — | — | — | $94.4m | $46.4m | |
| Other Current Liabilities | — | $321k | $32.7m | $64.0m | $61.8m | |
| Other Equity Adjustments | — | $9.1m | ($18.8m) | ($59.0m) | ($18.2m) | |
| Other Non Current Assets | $11k | $11k | $418.5m | — | $17.2m | |
| Other Non Current Liabilities | — | — | $2.0m | $21.8m | $47.4m | |
| Other Properties | — | $14.5m | $24.5m | $112.2m | $151.2m | |
| Preferred Securities Outside Stock Equity | — | — | $0 | $48.4m | — | |
| Properties | — | $0 | $0 | $0 | $0 | |
| Raw Materials | — | — | $0 | $253.4m | $115.8m | |
| Share Issued | — | $139.9m | $139.7m | $155.9m | $266.3m | |
| Tangible Book Value | — | $714.5m | $633.2m | ($169.3m) | $12.4m | |
| Treasury Shares Number | — | $148k | $0 | — | — | |
| Work In Process | — | — | — | $0 | $80k | |
| Working Capital | — | $516.9m | $262.8m | $161.9m | $199.9m | |
| Accrued Liabilities, Current | — | $51.4m | $30.8m | $91.3m | $47.2m | |
| Total equity | — | $720.1m | $634.7m | $188.8m | $250.4m | |
| Total Capitalization | — | $717.5m | $633.2m | $745.0m | $665.7m | |
| Total Debt | — | $14.4m | $0 | $719.2m | $548.6m | |
| Total Non Current Assets | — | $248.2m | $420.2m | $763.8m | $708.6m | |
| Assets | — | $827.7m | $732.2m | $1.3b | $1.4b | |
| Total assets | — | $827.7m | $732.2m | $1.3b | $1.4b | |
| LIABILITIES AND EQUITY | ||||||
| Current liabilities: | ||||||
| Operating Lease, Liability, Current | — | $3.3m | $3.4m | $9.3m | $14.9m | |
| Accounts Payable, Current | — | $6.8m | $18.1m | $114.3m | $91.4m | |
| Operating Lease, Liability, Noncurrent | — | $11.1m | $18.8m | $101.8m | $143.5m | |
| Long-term Debt, Excluding Current Maturities | — | — | $0 | $507.9m | $343.8m | |
| Long-term Debt, Current Maturities | — | — | — | $94.4m | $46.4m | |
| Accrued liabilities and other | — | $51.4m | $30.8m | $91.3m | $47.2m | |
| Current portion of long-term debt | — | — | $0 | $94.4m | $46.4m | |
| Accounts payable and accrued liabilities - related parties | — | — | — | $52.5m | $162.8m | |
| Payables And Accrued Expenses | — | $54.6m | $16.5m | $191.8m | $283.8m | |
| Liabilities, Current | — | $62.6m | $49.2m | $414.0m | $463.6m | |
| Total current liabilities | — | $62.6m | $49.2m | $414.0m | $463.6m | |
| Deferred Income Tax Liabilities, Net | — | — | — | $21.2m | $3.8m | |
| Other Liabilities, Noncurrent | — | $0 | $27.4m | $21.8m | $47.4m | |
| Deferred tax liability | — | — | $443k | $21.2m | $3.8m | |
| Other long-term liabilities | — | $0 | $27.4m | $21.8m | $47.4m | |
| Long Term Debt And Capital Lease Obligation | — | $11.1m | $0 | $613.6m | $487.3m | |
| Non Current Deferred Taxes Liabilities | — | — | $443k | $21.2m | $3.8m | |
| Pensionand Other Post Retirement Benefit Plans Current | $2.2m | $4.4m | $281k | — | — | |
| Deferred Tax Liabilities, Net | — | $0 | $445k | $21.2m | $3.8m | |
| Liabilities | — | $107.6m | $97.5m | $1.1b | $1.1b | |
| Total liabilities | — | $107.6m | $97.5m | $1.1b | $1.1b | |
| Stockholders’ equity: | ||||||
| Preferred Stock, Value, Issued | — | — | $0 | — | — | |
| Common Stock, Value, Issued | — | $139.9m | $1.4m | $1.6m | $2.7m | |
| Additional Paid in Capital | — | $772.6m | $925.6m | $971.4m | $1.4b | |
| Retained Earnings (Accumulated Deficit) | — | ($203.1m) | ($275.0m) | ($725.2m) | ($1.1b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | $9.1m | ($18.8m) | ($59.0m) | ($18.2m) | |
| Common stock, $0.01 par value, 266,267 and 155,928 shares issued and outstanding as of December 31, 2025 and 2024, respectively | — | 139.9m | 1.4m | 1.6m | 2.7m | |
| Accumulated other comprehensive loss | — | $9.1m | ($18.8m) | ($59.0m) | ($18.2m) | |
| Accumulated deficit | — | ($203.1m) | ($275.0m) | ($725.2m) | ($1.1b) | |
| Capital Stock | — | $139.9m | $1.4m | $49.9m | $74.2m | |
| Gains Losses Not Affecting Retained Earnings | — | $9.1m | ($18.8m) | ($59.0m) | ($18.2m) | |
| Preferred Stock | — | $0 | $0 | $48.4m | $71.5m | |
| Preferred Stock Equity | — | — | — | $48.4m | $71.5m | |
| Treasury Stock | $0 | $1.0m | $0 | $0 | — | |
| Stockholders' Equity Attributable to Parent | — | $717.5m | $633.2m | $188.8m | — | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | $2.7m | $1.5m | $0 | — | |
| Minority Interest | $0 | $2.7m | $1.5m | $0 | — | |
| Total Equity Gross Minority Interest | — | $720.1m | $634.7m | $237.1m | $321.9m | |
| Total Non Current Liabilities Net Minority Interest | — | $45.0m | $48.3m | $688.6m | $586.6m | |
| Liabilities and Equity | — | $827.7m | $732.2m | $1.3b | $1.4b | |
| Total liabilities, redeemable preferred stock and equity | — | $827.7m | $732.2m | $1.3b | $1.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.