Watch Q2 guidance execution: revenue midpoint $31M implies 23% sequential growth. Continued improvement in adjusted EBITDA to positive territory would validate the margin recovery thesis. The $15M direct offering adds dilution risk but strengthens the balance sheet.
Price Chart
Executive Summary
Tigo Energy reported Q1 2026 revenue of $25.2M (+33.7% YoY) and GAAP EPS of -$0.02, beating the -$0.04 consensus by 50%. However, revenue missed the $25.8M consensus by 2.3%, operating cash flow worsened to -$9.3M, and a $15M direct offering diluted shareholders. Full-year 2026 guidance of $130-135M was reaffirmed.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $25.2M, +33.7% YoY from $18.8M
- GAAP net loss of $1.8M improved from $7.0M loss YoY
- GAAP EPS -$0.02 beat consensus -$0.04 by 50%
- Revenue missed consensus $25.8M by 2.3%
- Adjusted EBITDA loss -$0.5M vs -$2.0M YoY
- Q2 2026 guidance: revenue $30M-$32M, adjusted EBITDA $1M-$3M
- Full year 2026 revenue guidance maintained at $130M-$135M
- Operating cash flow -$9.3M vs -$0.5M YoY
- Closed $15M registered direct offering during quarter
- Gross margin improved to 42.8% from 38.1% YoY
Financial Impact
Revenue up 33.7% YoY to $25.2M, net loss narrowed by $5.2M, but operating cash flow worsened by $8.7M and EPS beat consensus by 50%
Risk Factors
- Revenue missed consensus by 2.3% despite strong YoY growth
- Operating cash flow turned deeply negative, consuming $9.3M vs $0.5M use last year
- Dilution from $15M direct offering (approx. 20% of market cap)
- Sequential revenue declined from Q4 2025 ($30.0M) to Q1 2026 ($25.2M) due to seasonality
- Accounts payable dropped $15M, indicating aggressive supplier payments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-052200 |
| Document: ea0289165-8k_tigo.htm | 0001213900-26-052200 |
| Document: 0001213900-26-052200-index-headers.html | 0001213900-26-052200 |
| Document: 0001213900-26-052200-index.html | 0001213900-26-052200 |
| Document: 0001213900-26-052200.txt | 0001213900-26-052200 |
| 8-K Data (Synthetic) | 0001213900-26-052200 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 15, 2026 18w ago | Insider Cluster | $2.66 $1.03 | ▼ −61.28% | ▼ −62.28% | $1.03 (−61.28%) |
Jun 12, 2026 19w ago | Insider Cluster | $2.84 $1.04 | ▼ −63.38% | ▼ −64.38% | $1.03 (−63.73%) |
Jun 3, 2026 20w ago | Insider Cluster | $3.58 $1.09 | ▲ +69.55% | ▲ +71.43% | $1.03 (+71.23%) |
Jun 2, 2026 20w ago | 144 | $3.47 $1.11 | ▼ −68.01% | ▼ −70.51% | $1.03 (−70.32%) |
Jun 1, 2026 21w ago | 144 | $3.76 $1.04 | ▼ −72.34% | ▼ −73.46% | $1.03 (−72.61%) |
May 5, 2026 24w ago | 8-K | $4.47 $1.91 | ▼ −57.27% | ▼ −59.33% | $1.03 (−76.96%) |
Feb 24, 2026 34w ago | 8-K | $4.00 $3.84 | ▼ −4.00% | ▼ −10.95% | $1.03 (−74.25%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers