TYGO

EX-99.1

2 ea031086401ex99-1.htm

PRESS RELEASE DATED NOVEMBER 4, 2026

Exhibit 99.1

Tigo Energy Reports Third Quarter 2026 Financial Results

LOS GATOS, Calif. – November 4, 2026 – Tigo Energy, Inc. (“Tigo” or the “Company”) (NASDAQ: TYGO), a leading provider of intelligent solar and energy solutions, today reported unaudited financial results for the third quarter and nine months ended September 30, 2026, financial guidance for the fourth quarter ending December 31, 2026, and an updated full-year 2026 outlook.

Recent Financial and Operational Highlights

●Revenue for the third quarter of 2026 was $24.0 million, down 21.5% compared with the third quarter of 2025.

●GAAP net income was $0.4 million, compared with a GAAP net loss of $2.2 million in the third quarter of 2025.

●Adjusted EBITDA was $1.5 million, compared with adjusted EBITDA of $2.9 million in the third quarter of 2025.

●Gross margin was 46.2%, compared with 42.7% in the third quarter of 2025.

●Cash and cash equivalents were $16.8 million as of September 30, 2026, compared with $7.7 million as of December 31, 2025.

●Long-term debt was $2.5 million as of September 30, 2026, compared with no debt as of December 31, 2025.

●During the third quarter of 2026, we shipped 698 thousand units, or 517 MW, of Module Level Power Electronics (“MLPE”).

Management Commentary

“Third-quarter revenue of $24.0 million was within our guidance, and we delivered GAAP net income of $0.4 million. Adjusted EBITDA of $1.5 million exceeded the high end of our guidance range,” said Zvi Alon, Chairman and CEO of Tigo. “Third-quarter results reflected the three dynamics we outlined last quarter: a more gradual market recovery in Europe, a slower-than-anticipated ramp of GO ESS and the shift of our U.S. optimized inverter partner’s launch to the fourth quarter. In EMEA, third-quarter revenue declined 14.8% year over year as the market continues to adjust to a reduced subsidy environment. GO ESS third-quarter revenue declined 58.6% year over year to $1.3 million and 40.6% compared with the second quarter, due to lower sales volumes in the United States and Italy. In the U.S., we recognized approximately $0.8 million of revenue from shipments to our optimized inverter partner during the quarter and expect revenues to exceed that amount in the fourth quarter. However, the partner’s delayed go-to-market launch may affect the timing of future orders.”

“EMEA represented 76.5% of third-quarter revenue, with the Czech Republic and Germany, our two largest markets, representing 19.6% and 19.3% of revenue, respectively. Poland and Spain grew 41.2% and 103.2% year over year, respectively, while revenue declined most significantly in Italy and the United Kingdom. The Americas and LATAM accounted for a combined 16.5% of revenue, with U.S. revenue down 51.4% year over year as the U.S. market adjusts to the expiration of the IRS Section 25D tax credit at the end of 2025. APAC contributed 7.0% of revenue, and APAC revenue grew 56.3% year over year, led by 121.1% growth in Australia. MLPE represented $22.1 million, or 92.0% of quarterly revenue, and GO ESS represented 5.4%. In 2027, we plan to invest in growing markets where we are already succeeding, such as Eastern Europe and Australia, to expand our market share.”

“Gross margin was 46.2%, compared with 42.7% in the third quarter of 2025, and operating expenses declined 10.0% year over year to $11.2 million,” stated Bill Roeschlein, CFO of Tigo. “We reduced inventory by $13.2 million to $18.1 million since year-end 2025. Our 2027 growth plan includes investments in key growth markets while maintaining a disciplined cost structure that can scale with revenue.”

Third Quarter 2026 Financial Results

Results compare the 2026 fiscal third quarter ended September 30, 2026 with the 2025 fiscal third quarter ended September 30, 2025, unless otherwise indicated.

●Revenue totaled $24.0 million, compared with $30.6 million.

●Gross profit totaled $11.1 million, or 46.2% of net revenue, compared with gross profit of $13.1 million, or 42.7% of net revenue. Third quarter 2026 includes a $0.8 million tariff refund related to prior periods.

●Operating expenses totaled $11.2 million, compared with $12.4 million.

●Loss from operations totaled $0.1 million, compared with income from operations of $0.6 million.

●GAAP net income totaled $0.4 million, compared with a GAAP net loss of $2.2 million.

●Non-GAAP net income totaled $1.6 million, compared with a non-GAAP net loss of $0.3 million.

●Adjusted EBITDA totaled $1.5 million, compared with adjusted EBITDA of $2.9 million. Third quarter 2026 includes a $0.8 million tariff refund related to prior periods and $0.4 million of bad debt expense, including a charge related to a single European customer.

Fourth Quarter 2026 Financial Guidance and Full Year 2026 Outlook

The Company provides guidance for the fourth quarter ending December 31, 2026 as follows:

●Revenue is expected to be within the rang

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