Tigo Energy (TYGO) Gross Margin (2022 - 2026)
Tigo Energy's quarterly Gross Margin came in at 42.84% in Q1 2026, up 476.0% year-on-year from 7.44% in Q1 2025, and down 3.67% quarter-over-quarter from 44.47% in Q4 2025.
Tigo Energy has reported Gross Margin for 5 years, with the latest figure at 42.84% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 476.0% year-over-year to 42.84%; the trailing twelve-month figure through Mar 2026 stood at 43.65% (up 4325.0% YoY), and the FY2025 full-year result was 42.84%, up 5053.0% from the prior year.
- Gross Margin for Q1 2026 stood at 42.84%, down from 44.47% in the prior quarter.
- The five-year high for Gross Margin was 44.74% in Q2 2025, with the low at 72.73% in Q4 2024.
- Average Gross Margin over 5 years is 27.09%, with a median of 31.79% recorded in 2022.
- Year-over-year, Gross Margin slumped 10384 bps in 2024 and soared 11720 bps in 2025.
- Tracing TYGO's Gross Margin over 5 years: stood at 32.22% in 2022, then slipped by 3 bps to 31.11% in 2023, then tumbled by 334 bps to 72.73% in 2024, then surged by 161 bps to 44.47% in 2025, then retreated by 4 bps to 42.84% in 2026.
- The last three Gross Margin figures came in at 42.84% (Q1 2026), 44.47% (Q4 2025), and 42.66% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 33.77% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.22% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 35.49% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 75.28% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 29.18% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 28.20% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 8.32% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 42.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.84% |
| Dec 31, 2025 | 44.47% |
| Sep 30, 2025 | 42.66% |
| Jun 30, 2025 | 44.74% |
| Mar 31, 2025 | 38.08% |
| Dec 31, 2024 | -72.73% |
| Sep 30, 2024 | 12.46% |
| Jun 30, 2024 | 30.45% |
| Mar 31, 2024 | 28.22% |
| Dec 31, 2023 | 31.11% |
| Sep 30, 2023 | 24.31% |
| Jun 30, 2023 | 37.64% |
| Mar 31, 2023 | 36.70% |
| Dec 31, 2022 | 32.22% |
| Sep 30, 2022 | 28.86% |
| Jun 30, 2022 | 31.36% |