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Tigo Energy, Inc.

Rank #60Hypergrowth

TYGO · Nasdaq · Technology

Tigo Energy, Inc. (TYGO) — Rank #60 by gross profitability (GP/assets 0.57) · ROE -4.2% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001855447 · all metrics point-in-time as of the filing date.

About

Tigo Energy, Inc., together with its subsidiaries, provides solar and energy storage solutions worldwide.

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It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules for utility, commercial, and residential solar arrays. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities, and energy resilience in the event of a grid outage and optimizes energy consumption based on rate plans for home energy needs; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities, as well as Predict+, an energy consumption and demand forecasting software. In addition, it offers GO Battery modular, scalable energy storage system; GO Inverter, which offers energy conversion for home consumption or export to the grid; GO Link/Automatic Transfer Switch (ATS), a component for battery backup of on-grid systems; Tigo Predict+ for energy demand forecasting; and GO Electric Vehicle (EV) Charger to reduce transportation costs. Further, it provides monitoring services. The company offers its products through distributors and solar installers. Tigo Energy, Inc.

was founded in 2007 and is headquartered in Los Gatos, California.

Industry
Solar
Sector
Technology
State
DE
Filer Category
Emerging growth company
Fiscal Year End
December 31

Price History

TYGO-89.6% · -36.4% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$75.55M

P/E (annual)

—

P/S (annual)

0.7

P/B

1.7

P/OCF (annual)

7.3

Shareholder Yield

-7.9%

Employees

138

Industry

Solar

Exchange

Nasdaq

Signal Flags

3 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

Quality Profile

Profitability

1/1 pass
GP / assets
0.57
Return on equity
-4.2%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.74
Current ratio
3.04×
Net cash
-$26.29M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
7.6%

Growth

1/2 pass
Revenue growth
91.7%
Piotroski F-Score
6 / 9
Share dilution
7.9%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

-7.7%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 7.9% — per-share value needs a total required return of 0.2% once share-count change is priced in.

vs. own 6-year median revenue growth: 78.6%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-11.0%

r = 10% (base)

-7.7%

r = 12%

-4.7%

Net debt / market cap: 40.6%— material leverage inflates the implied growth read.

Base FCF: $9.7M3Y mean FCF: -$14.4M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / S

Price / revenue per share

2.6xExpensive
0.1xmed 0.7x2.6x

P / B

Price / book value per share

9.7xExpensive
0.7xmed 6.6x9.7x

P / GP

Price / gross profit per share

6.0xExpensive
0.2xmed 0.9x6.0x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.57

Primary signal (Novy-Marx).

1st of 17 SIC 3674 peers

Return on equity

-4.2%

Gross margin

42.8%

15th of 17 SIC 3674 peers

Revenue growth (YoY)

91.7%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

8.4%

Revenue CAGR (5Y)

—

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.74

13th of 16 SIC 3674 peers (best = lowest)

Current ratio

3.04×

10th of 17 SIC 3674 peers

Quick ratio

2.15×

Net cash

-$26.29M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$9.66M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

6.14

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

7.6%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20222025
Hypergrowth
Decline
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