Tigo Energy (TYGO) Gross Margin (2022 - 2026)
Tigo Energy's (TYGO) 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 (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.
- On a quarterly basis, Gross Margin rose 476.0% year-over-year to 42.84% in Q1 2026; TTM through Mar 2026 was 43.65%, a 4325.0% increase from a year earlier, with the FY2025 full-year figure at 42.84%, up 5053.0% from the prior year.
- Gross Margin retreated to 42.84% in Q1 2026 per TYGO's latest filing, from 44.47% in the prior quarter.
- Across five years, Gross Margin topped out at 18369.0% in Q1 2023 and bottomed at 72.73% in Q4 2024.
- The 5-year median for Gross Margin is 31.79% (2022), against an average of 1170.78%.
- Across the five-year window, Gross Margin slumped 1834078 bps in 2024 and soared 11720 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 32.22% in 2022, then plunged by 107 bps to 2.12% in 2023, then slumped by 3324 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.
- Per Business Quant, the three latest TYGO Gross Margin figures stand at 42.84% (Q1 2026), 44.47% (Q4 2025), and 42.66% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 35.49% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 8.32% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 56.42% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 29.18% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 10.22% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 28.20% |
| 10 | Tigo Energy | 123.38 Mn | 111.81 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 | -2.12% |
| Sep 30, 2023 | 24.31% |
| Jun 30, 2023 | 37.64% |
| Mar 31, 2023 | 18,369.00% |
| Dec 31, 2022 | 32.22% |
| Sep 30, 2022 | 28.86% |
| Jun 30, 2022 | 31.36% |