← TIGO ENERGY, INC.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $23k $803k $88k $4.4m $11.7m $7.7m
Prepaid Expense and Other Assets, Current — — — $5.2m $3.5m $5.1m
Cash and cash equivalents $23k $803k $88k $4.4m $11.7m $7.7m
Accounts receivable, net of allowance for credit losses of $356 and $2,239 at December 31, 2025, and December 31, 2024, respectively — — $15.8m $6.9m $8.0m $13.9m
Prepaid expenses and other current assets — — $4.0m $5.2m $3.5m $5.1m
Accounts Receivable — — $15.8m $6.9m $8.0m $13.9m
Allowance For Doubtful Accounts Receivable — — ($76k) ($4.0m) ($2.2m) ($356k)
Cash Cash Equivalents And Short Term Investments — — $36.2m $31.2m $19.9m $7.7m
Gross Accounts Receivable — — $15.9m $10.9m $10.2m $14.3m
Inventories Adjustments Allowances — ($437k) ($278k) — — —
Notes Receivable — $0 $456k $0 — —
Other Current Assets — — $4.0m $5.2m $3.5m $5.1m
Other Short Term Investments — — $0 $26.8m $8.2m $0
Inventory, Net — — $24.9m $61.4m $22.0m $31.3m
Assets, Current $23k $991k $374k $104.7m $53.4m $58.0m
Total current assets $23k $991k $374k $104.7m $53.4m $58.0m
Property, Plant and Equipment, Net — — $1.7m $3.5m $2.8m $2.7m
Goodwill — — $0 $12.2m $12.2m $12.2m
Intangible Assets, Net (Excluding Goodwill) — — — $2.2m $1.9m $1.7m
Intangible assets, net — — $0 $2.2m $1.9m $1.7m
Goodwill And Other Intangible Assets — — $0 $14.4m $14.1m $13.9m
Other Intangible Assets — — $63k $2.2m $1.9m $1.7m
Operating Lease, Right-of-Use Asset — — — $2.5m $1.6m $2.3m
Other Assets, Noncurrent — $103k — $707k $984k $1.2m
Operating lease right of use assets — — $1.3m $2.5m $1.6m $2.3m
Other assets — $103k $82k $707k $984k $1.2m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current — — — $6.9m $8.0m $13.9m
Marketable securities, short-term — — — $26.8m $8.2m —
Accrued expenses and other current liabilities — — $4.4m $8.7m $7.4m $7.1m
Warranty liability, current portion — — $392k $526k $496k $626k
Operating lease liabilities, current portion — — $578k $1.2m $649k $856k
Warranty liability, net of current portion — — $4.0m $5.1m $5.3m $8.7m
Operating lease liabilities, net of current portion — — $762k $1.4m $961k $1.8m
Accumulated Depreciation — — ($3.2m) ($3.8m) ($4.8m) ($5.6m)
Capital Lease Obligations — — $1.3m $2.6m $1.6m $2.7m
Construction In Progress — — $0 $0 $0 $140k
Current Accrued Expenses — — $3.8m $5.5m $5.7m $3.2m
Current Capital Lease Obligation — — $578k $1.2m $649k $856k
Current Debt — $8.0m $10.0m — — —
Current Debt And Capital Lease Obligation — — $10.6m $1.2m $649k $856k
Current Deferred Assets — $0 $2.2m $0 — —
Current Deferred Liabilities — — $950k $335k $525k $961k
Current Provisions — $179k $392k — — —
Derivative Product Liabilities — $487k $1.5m $0 — —
Finished Goods — — $23.1m $60.7m $21.3m $31.1m
Gross PPE — — $6.1m $9.8m $9.2m $10.6m
Interest Payable — — $9k $1.2m $1.2m $0
Invested Capital — — ($35.0m) $94.4m $48.9m $27.6m
Investmentin Financial Assets — — $0 $2.0m $0 —
Investments And Advances — — $0 $2.0m $0 —
Leases — — $42k $457k $465k $357k
Long Term Capital Lease Obligation — — $762k $1.4m $961k $1.8m
Long Term Provisions — $3.2m $4.0m — — —
Machinery Furniture Equipment — — $4.8m $6.8m $7.1m $7.8m
Net Debt — $3.2m — $27.2m $28.8m —
Net PPE — — $2.9m $6.0m $4.4m $5.0m
Net Tangible Assets — — ($55.7m) $48.4m ($5.7m) $13.8m
Non Current Deferred Assets — — $0 $21k — —
Non Current Deferred Liabilities — — $172k $466k $644k $860k
Non Current Deferred Taxes Assets — — $0 $21k — —
Ordinary Shares Number — — $58.1m $58.8m $60.8m $70.4m
Other Current Borrowings — $8.0m $10.0m — — —
Other Current Liabilities — — $392k $1.2m $1.0m $727k
Other Equity Adjustments — — — ($59k) $2k —
Other Non Current Assets — — $82k $728k $984k $1.2m
Other Non Current Liabilities — — $4.0m $5.1m $5.3m $9.0m
Other Properties — — $1.3m $2.5m $1.6m $2.3m
Preferred Securities Outside Stock Equity — $46.4m $87.1m $0 — —
Properties — — $0 $0 $0 $0
Raw Materials — — $1.7m $668k $662k $186k
Restricted Cash — $1.3m $1.5m $0 — —
Share Issued — — $58.1m $58.8m $60.8m $70.4m
Tangible Book Value — — ($55.7m) $48.4m ($5.7m) $13.8m
Work In Process — $31k $31k $0 — —
Working Capital — — $45.5m $78.3m $36.3m $19.2m
Total Capitalization — — ($45.0m) $94.4m $48.9m $27.6m
Total Debt — — $22.0m $34.2m $42.1m $2.7m
Total Non Current Assets — — $3.0m $23.1m $19.5m $20.0m
Assets $23k $117.8m $25.1m $127.8m $72.9m $78.0m
Total assets $23k $117.8m $25.1m $127.8m $72.9m $78.0m
LIABILITIES AND EQUITY
Total liabilities and stockholders' equity $23k $117.8m $25.1m $127.8m $72.9m $78.0m
Current liabilities:
Operating Lease, Liability, Current — — — $1.2m $649k $856k
Accounts Payable, Current — — $23.3m $15.7m $8.1m $29.2m
Operating Lease, Liability, Noncurrent — — — $1.4m $961k $1.8m
Long-term Debt, Excluding Current Maturities — $1.4m $10.6m $31.6m $40.5m $0
Deferred Revenue, Current — — $950k $335k $525k $961k
Deferred Revenue, Noncurrent — — $950k $466k $644k $860k
Payables And Accrued Expenses — — $27.0m $21.1m $13.8m $32.4m
Liabilities, Current — — — $26.4m $17.1m $38.8m
Total current liabilities — — $39.6m $26.4m $17.1m $38.8m
Long-term debt, net of unamortized debt discount and issuance costs — — $10.6m $31.6m $40.5m $0
Long Term Debt And Capital Lease Obligation — — $11.4m $33.0m $41.5m $1.8m
Pensionand Other Post Retirement Benefit Plans Current — — $624k $2.5m $1.1m $3.8m
Deferred Tax Liabilities, Net — — — $21 — —
Liabilities $1k $245k $1.1m $65.0m $64.5m $50.4m
Total liabilities $1k $245k $1.1m $65.0m $64.5m $50.4m
Stockholders’ equity:
Common Stock, Value, Issued $288 $334 $334 $6k $6k $7k
Additional Paid in Capital $25k $1.3m $251k $138.7m $146.9m $168.0m
Retained Earnings (Accumulated Deficit) ($3k) ($406k) ($584k) ($75.8m) ($138.5m) ($140.4m)
Accumulated Other Comprehensive Income (Loss), Net of Tax — — — ($59k) $2k —
Common stock, $0.0001 par value: 150,000,000 shares authorized; 70,424,566 and 60,800,130 shares issued and outstanding at December 31, 2025, and December 31, 2024, respectively 288 334 334 6k 6k 7k
Accumulated deficit ($3k) ($406k) ($584k) ($75.8m) ($138.5m) ($140.4m)
Accumulated other comprehensive income — — — ($59k) $2k —
Capital Stock — — $1k $6k $6k $7k
Gains Losses Not Affecting Retained Earnings — — $0 ($59k) $2k $0
Stockholders' Equity Attributable to Parent $22k $863k ($332k) $62.8m $8.4m $27.6m
Total Equity Gross Minority Interest — — ($55.7m) $62.8m $8.4m $27.6m
Total Non Current Liabilities Net Minority Interest — — $104.2m $38.5m $47.4m $11.6m
Total stockholders' equity $22k $863k ($332k) $62.8m $8.4m $27.6m
Liabilities and Equity $23k $117.8m $25.1m $127.8m $72.9m $78.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.