Tigo Energy (TYGO) Gross Margin (2022 - 2026)
Tigo Energy (TYGO) recorded quarterly Gross Margin of 42.84% in Q1 2026, down 3.67% quarter-over-quarter from 44.47% in Q4 2025, and up 476.0% on a YoY basis from 7.44% in Q1 2025.
Tigo Energy (TYGO) Gross Margin (2022 - 2026) Analysis & Trends
Tigo Energy's Gross Margin history runs 5 years deep, the most recent figure standing at 42.84% for Q1 2026.
- In Q1 2026, Gross Margin rose 476.0% year-over-year to 42.84%; the TTM figure through Mar 2026 stood at 43.65% (up 4325.0% YoY), while the FY2025 annual figure was 42.84%, up 5053.0% from the prior year.
- Gross Margin was 42.84% for Q1 2026 at Tigo Energy, down from 44.47% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 44.74% in Q2 2025 to a low of 72.73% in Q4 2024.
- Historically, Gross Margin has averaged 27.09% across 5 years, with a median of 31.79% in 2022.
- The sharpest annual moves came in 2024 and 2025: Gross Margin slumped 10384 bps in 2024, then jumped 11720 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 32.22% in 2022, then decreased by 3 bps to 31.11% in 2023, then plunged by 334 bps to 72.73% in 2024, then jumped by 161 bps to 44.47% in 2025, then fell 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 35.49% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 21.99% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 75.28% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 29.18% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 28.20% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 8.32% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 42.84% |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
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% |