Tigo Energy, Inc.

The grade, in three tenses

Headline 4.2 out of ten, 7 of 9 metrics filed and 2 estimated: past 2.0 out of ten, present 4.4 out of ten, future 6.7 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 1.3 out of ten. 6 warning events since 2021; the latest 2025-04-07. 13th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 3.5 out of ten. +8.4% a year over 4 filed years; profitable in 0 of 4. 35th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 0.6 out of ten. CrossAssetData estimate 0.6/10, confidence 35 of 100 (one part). 6th percentile among 94 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
• Financial health (present): 4.4 out of ten. ROE -7%: lost 7¢ per shareholder dollar. Leverage 65%: owes 65¢ per asset dollar. 44th percentile among 95 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Industry position (present): 4.6 out of ten. bottom 46% of 97 in its family; net margin -1.8%. 46th percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 4.2 out of ten. CrossAssetData estimate 4.2/10, confidence 35 of 100 (one part). 42nd percentile among 79 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
• Room to expand (future): 4.7 out of ten. bottom 47% of 94 in its family for room to expand. 47th percentile among 94 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Growth drivers (future): 6.7 out of ten. top 33% of 93 in its family for growth drivers. 67th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 8.7 out of ten. top 13% of 88 in its family for expectations against reality. 87th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-03-19 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-04 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-04 (on EDGAR). Newest filing: Form 4, 2026-10-09. Filings on record since 2021. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 10-K filed 2026-03-19.

The people

Zvi Alon, 74, is chief executive and chairman. He became chairman of Legacy Tigo, the private company, in May 2013 and its chief executive in December 2013, and kept both roles when Tigo went public on May 23, 2023 by combining with Roth CH Acquisition IV Co., a shell company listed on Nasdaq that had been formed to merge with a private business. Before Tigo he was chairman, chief executive and president of NetManage from 1990 until its acquisition in 2008. He is also its largest shareholder: as of March 24, 2026 he beneficially owned 21.1% of the common stock, most of it through Alon Ventures, which held 16.7%. [1, 2, 3, 4, 5, 6, 7]

Four other executive officers are named. Bill Roeschlein has been chief financial officer since June 2022, after the same post at Nanosys from June 2021 and, before that, at Perceptron from January 2020. Anita Chang became chief operating officer in October 2024, a role she had held before, from July 2020 to May 2023; she has held Tigo roles since 2015, starting as vice president of operations and general manager for China. Jing Tian has been chief growth officer since February 2021 and chief revenue officer since January 2025; earlier, at Trina Solar, she launched the TrinaSmart module with Tigo. James (JD) Dillon has been chief marketing officer since November 2020, after running marketing and pricing at Enphase Energy from July 2017 to October 2020; Tigo names Enphase as one of its two main rivals. On the record this site holds, Alon, Roeschlein, Tian and Dillon first filed insider reports in May 2023, the month of the listing, and Chang in October 2024. [8, 9, 10, 11, 12, 13, 14, 15]

The board has seven members, six of them independent under Nasdaq's rules, and several date from the private company. Michael Splinter, on its board since November 2013, was chief executive of Applied Materials from 2003 to 2013 and has sat on TSMC's board since 2015; Stanley Stern, a director since 2015, is managing partner of Alnitak Capital, a merchant bank and advisory firm he founded. After Zvi Alon, the largest holders were Energy Growth Momentum II LP with 12.0% and Tigo SPV LP with 6.9%, both under the general partner Energy Growth Momentum GP II, and Clal Industries with 5.3%. Director John Wilson is a founding partner of Energy Growth Momentum LLP, and director Tomer Babai is a partner at a consulting firm that advises the controlling shareholder of Clal Industries. Directors and executive officers together held 26.6%. [16, 17, 18, 19, 20, 7, 21, 22, 23, 24, 25]

At the end of 2025 Tigo had 138 employees: 67 in sales and marketing, 31 in research and development, 28 in general and administrative roles and 12 in operations. Of these, 73 were based in the Americas, 48 in Europe, the Middle East and Africa and 17 in Asia-Pacific, and none are represented by a union. It has subsidiaries in Israel that do research and development and run the Predict+ service. The headcount follows a 10% cut in the workforce in April 2024, made in response to the industry-wide slowdown of 2023. [26, 27, 28, 29]

How it operates

Tigo, based in Los Gatos, California, makes module level power electronics, or MLPEs: small devices that sit under each solar panel. They have been its main product since it began in 2007 and bring in the substantial majority of its revenue; it has shipped about 16.6 million of them, to installations in over 100 countries. Sold as the TS4 line, they do up to three jobs at each panel: rapid shutdown, which quickly takes a rooftop system's voltage down to a safe level; monitoring, which lets installers pinpoint a failing panel and troubleshoot it remotely; and optimization, which offsets the energy lost when a panel is shaded, soiled or has aged differently from the rest. They are built as an open system that works with nearly every panel and inverter, the box that turns the panels' direct current into the alternating current a building uses; the rapid shutdown is certified with hundreds of inverters from more than fifteen makers. [30, 31, 32, 33, 34, 35, 36, 37, 38]

Around the MLPEs it sells two smaller lines, home storage and software. GO ESS, for homes in the United States and Europe, is built to keep a house powered in a grid outage: a battery, an inverter, an automatic transfer switch and an electric vehicle charger, sold together or separately; it brought in about 9.6 million dollars in 2025, up from 3.5 million. Its Energy Intelligence software comes free with most of its MLPEs, and a paid premium monitoring service made up less than 1% of revenue. Predict+, launched in January 2023, is software sold as a service that uses machine learning to forecast electricity generation and use for utilities, independent power producers and grid planners; it made up 1.5% of revenue. [39, 40, 41, 42, 43, 44, 45]

It sells mostly through solar equipment distributors, which bring their own sales forces, logistics and credit to installers. It also sells directly to large installers and to EPC firms, the engineering, procurement and construction contractors, when volumes justify it, and to inverter makers that build its rapid shutdown into their inverters and bundle them with its optimizers. No customer reached a tenth of 2025 revenue; the largest took about 8.5%, against 7.9% in 2024. The distributors are not exclusive and many also sell rivals' products, and its agreements with its largest customers generally carry no long-term purchase commitments. At the end of 2025 two customers accounted for 22.5% and 10.6% of the money owed to it. [46, 47, 48, 49, 50, 51]

Europe, the Middle East and Africa brought in 67.1% of 2025 revenue and the Americas 25.6%. Four European countries each took a tenth or more: Germany 15.5%, the Czech Republic 15.2%, the United Kingdom 15.1% and Italy 10.3%. The United States took 23.3%, up from 20.7% in 2024, and most North American revenue comes from commercial and industrial customers rather than homes. Sales run higher in the second and third quarters, with the weather and the building season. [52, 53, 54, 55, 56]

Tigo outsources its manufacturing, under a strategy it sums up as outsource, automate and localize. It relies mainly on two contract manufacturers, with plants in Thailand, Vietnam and China. Substantially all of its MLPEs are made in Thailand, and in October 2025 it moved production of GO ESS for the US market from China to Vietnam. It expected its relationship with one principal manufacturer, under an agreement dating from February 2021, to end in April 2026, and a newly engaged manufacturer has begun producing for it in Thailand. Its revenue is in US dollars, while part of its operating costs is in Israeli shekels, mostly payroll, and in euros. [57, 58, 59, 60, 61, 62, 63]

The specifics

Tigo was incorporated in Delaware in 2007 and began operating in 2010. It became a public company on May 23, 2023 by combining with Roth CH Acquisition IV Co., a listed shell company formed to merge with a private business, which then took the name Tigo Energy, Inc. That year it also bought fSight, now Tigo Energy AI Ltd., the purchase behind the 12.2 million dollars of goodwill on its books. In January 2023, before the listing, L1 Energy Capital Management lent it 50.0 million dollars through a convertible note at 5.0% a year, due January 9, 2026; Tigo paid it off early, on December 17, 2025, for 51.3 million dollars including interest and fees, and ended 2025 with no debt. During 2025 it also sold 8,309,168 new shares through an at-the-market program, which sells shares gradually on the exchange, for about 14.2 million dollars before costs, and in February 2026 it sold 5,000,000 more in a registered direct offering for 15.0 million dollars before fees. [64, 2, 3, 65, 66, 67, 68, 69, 70]

On December 16, 2025 Tigo sold certain patents to Tigo Energy Innovations LLC, which the filing calls an unaffiliated third party. It received 15.0 million dollars at closing, with up to 3.0 million more held back until conditions are met and a right to up to 5.0 million dollars of future license proceeds; it kept a license to go on using the patents in its own products, and the sale produced a gain of 14.6 million dollars. At the end of 2025 it held 16 granted patents, which expire between 2029 and 2044, and 13 pending. [71, 72, 73, 74, 75, 76]

Its optimizers are designed for ordinary string inverter systems, in which panels are wired in series to one central inverter: they stay in bypass until a panel falls out of step with the others, reach up to 99.7% efficiency, and can be fitted to just the panels that need them, trading cost against output. Its own studies credit the TS4-A-O optimizer with 8.7% more production on average than its models without optimization, and its X family, introduced in 2024, handles panels of up to 800W. Its MLPEs carry a 25-year warranty, against 12.5 years for its inverters and 11 for its batteries; that is longer than its own history of selling them, which the filing says makes its warranty estimates inherently uncertain. It names Enphase and SolarEdge as its main rivals in MLPEs, a market it describes as long served by two major suppliers, and SolarEdge, Enphase and Tesla in storage and software; low-cost Asian makers are entering too. [77, 78, 79, 80, 81, 82, 83, 14, 84, 85, 86]

Safety rules underpin its main market. The US National Electrical Code has required a rapid shutdown function on solar systems on buildings since 2014, to protect firefighters and emergency responders, and its 2017 edition added shutdown within the array itself, which devices at each panel can satisfy. Tax and trade rules have shifted under it. The One Big Beautiful Bill Act, signed in July 2025, ended the credit for homeowners who buy solar and storage with cash or loans on December 31, 2025, raised the domestic content needed for a bonus credit to 45% and added limits on content from so-called foreign entities of concern. All of its products imported into the United States faced tariffs at the end of 2025, and customs fees rose 1.5 million dollars, mostly from tariffs enacted in 2025. On December 18, 2025 it reworked a supply deal with EG4 Electronics: EG4 now buys Tigo's TS4-A-O optimizers and communication parts to build optimized inverters and is the one to claim the manufacturing tax credit under Section 45X, paying Tigo an agreed amount of any credit it receives. [87, 88, 89, 90, 91, 92, 93, 94, 95]

What drives growth, line by line

Revenue nearly doubled in 2025, up 91.7% to 103.5 million dollars, after a 62.8% fall in 2024 from 145.2 million in 2023, so it remained below its 2023 level. The company credits a recovery from the industry-wide slowdown that began in the second half of 2023, particularly in Europe and the United States, and its own gains in market share. By region, revenue rose 113.2% in Europe, the Middle East and Africa and 102.0% in the Americas, and fell 9.2% in Asia-Pacific. Tigo reports a single segment; the lines below are the product lines its annual report discusses. [96, 97, 98, 99, 100, 101]

MLPE products. The substantial majority of revenue. MLPE sales rose 42.1 million dollars, or 87.2%, which the filing puts down to the market recovery that began in the first quarter of 2024 and wider acceptance of its products. Europe carried most of the gain: MLPE sales there rose 33.1 million dollars on demand in Germany, the Czech Republic, the United Kingdom, Italy and Poland. In the Americas they rose 9.7 million on demand in the United States, including repowering, the refitting of existing solar systems with new equipment; in Asia-Pacific they fell 0.7 million, in Australia, the Philippines, Thailand and Singapore. [32, 102, 98, 99, 103, 100]

GO ESS. The fastest-growing line: about 9.6 million dollars against 3.5 million, up 6.2 million or 178.6%, which the filing puts down mainly to solar repowering. In Europe it rose 3.2 million dollars, including 3.1 million sold to one customer in Italy; in the Americas it rose 2.9 million, helped by more promotion. Part of what sold was stock written down in 2024, when Tigo booked 23.5 million dollars of inventory reserve charges, mainly for excess and slow-moving GO ESS units, and those sales carried a higher margin. [41, 104, 98, 99, 103, 105, 106]

Predict+, monitoring and royalties. The smallest lines. Predict+ made up 1.5% of revenue, down from 2.2% in 2024, and premium monitoring less than 1% in both years. Royalties added 0.5 million dollars in the Americas from a new royalty agreement signed in 2025. Since the December 2025 patent sale, the quarterly report for mid-2026 says, all royalty income is booked as other income rather than revenue. [45, 43, 99, 103, 107]

Profitability recovered too. Gross margin, the share of revenue left after the cost of the products, rose to 42.8% from a negative 7.7% in 2024, mainly because charges for excess and obsolete stock fell 88.8% and written-down GO ESS stock sold at a higher margin; cost of revenue rose only 1.7%, even with 1.5 million dollars more in customs fees. The operating loss narrowed to 4.5 million dollars from 52.0 million and the net loss to 1.9 million from 62.7 million, helped by the 14.6 million dollar gain on the patent sale, which outweighed the year's interest on the convertible note. [108, 106, 109, 92, 96, 75, 110]

What comes next, in the company's own words: it plans to grow in US home solar through residential solar providers and in Europe, where it has begun offering its residential products in Italy and Germany, while it expects near-term revenue to stay concentrated among existing customers. It expects growing demand for batteries to raise the share of solar installations sold with storage. It also warns that the new tax rules have affected, and could further hurt, demand for its products and its eligibility for credits. [55, 111, 112, 113, 114]

Since the annual report, the quarterly report for the first half of 2026 shows net revenue up 7.7 million dollars, or 18.0%, on a year earlier, with MLPE sales up 18.7% and GO ESS up 44.1%, including 3.4 million dollars of GO ESS bought by a customer in Italy. On March 31, 2026 Tigo also opened a revolving credit line of up to 10.0 million dollars with Wells Fargo. [115, 116, 117]

What the desk infers (inferred, not filed)

• The patents Tigo sold in December 2025 were most likely the ones behind its royalty revenue: the sale swapped a licensing stream it had counted as revenue for 15.0 million dollars at closing and a capped share of future license money, now booked outside revenue. Because: Royalty revenue rose by 0.5 million dollars in the Americas in 2025, from a new royalty agreement signed that year. [99, 103] In December 2025 it sold certain patents to an unaffiliated buyer, received 15.0 million dollars at closing and kept a license to use them in its own products. [71, 72, 74] The sale leaves it a right to up to 5.0 million dollars of future license proceeds, to be booked as other income when earned. [73] The quarterly report says all royalty income is now booked as other income following the patent sale, where a year earlier royalties counted as revenue. [107] Confidence 75 of 100. Wrong if: A filing that names the patents licensed under the 2025 royalty agreement as patents Tigo still owns.
• Part of the 42.8% gross margin of 2025 came from selling storage stock whose cost had already been written down in 2024, so the margin on newly made products is likely lower than the year's figure suggests. Because: In 2024 Tigo booked 23.5 million dollars of inventory reserve charges, mainly for excess and slow-moving GO ESS stock. [105] The filing credits the 2025 recovery in gross margin partly to higher-margin sales of that previously reserved GO ESS stock. [106] Gross margin was 42.8% in 2025, against a negative 7.7% the year before. [108] Cost of revenue rose 1.7% while revenue rose 91.7%. [109, 96] Confidence 70 of 100. Wrong if: A filing that shows the sales of previously reserved GO ESS stock in 2025 were too small to move the year's gross margin by a full percentage point.
• GO ESS, the storage line, rests on two outlets: the United States and one large buyer in Italy, which took about a third of the line's revenue in 2025. Because: GO ESS brought in about 9.6 million dollars in 2025. [41] Of that, 3.1 million dollars went to one customer in Italy. [98] GO ESS made up 23.1% of US revenue and the United States 23.3% of total revenue of 103.5 million dollars, which places most of the rest of the line in the United States. [60, 96] In the first half of 2026 a customer in Italy bought another 3.4 million dollars of GO ESS. [116] Confidence 65 of 100. Wrong if: A filing showing that the Italian GO ESS sales of 2025 and 2026 went to several unrelated customers, or that no single customer took more than a tenth of GO ESS revenue.
• Tigo is reaching US buyers who want American-made content through a partner rather than a factory of its own: EG4 builds optimized inverters in the United States from Tigo's parts and is to claim the manufacturing credit and share it with Tigo. Because: The 2025 tax law raised the domestic content needed for a bonus credit and added limits on content from foreign entities of concern. [90] Its own products are made by contract manufacturers in Thailand, Vietnam and China, and all its imports into the United States faced tariffs at the end of 2025. [59, 91] The first EG4 agreement, in August 2025, noted that making the optimized inverters within the United States would qualify for the manufacturing credit. [118, 93] The December 2025 version has EG4 buy Tigo's optimizers and communication parts, build the inverters, claim the credit and pay Tigo an agreed amount. [94, 95] In the first half of 2026 a US-based contract manufacturer began producing components for the EG4 products, and no credit had yet been recognized. [119] Confidence 65 of 100. Wrong if: A filing showing that the optimized inverters under the EG4 agreement are built outside the United States, or that Tigo builds its own US factory for them.

Sources

1. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Zvi Alon, 74, has served as our Chief Executive Officer and as Chairman of the Board of Directors since the Business Combination. Previously, Mr. Alon served as the CEO of Legacy Tigo, a position he held since December 2013, and as Chairman, a position he held since May 2013.”
2. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “on May 23, 2023 (the “Business Combination Closing”), Merger Sub merged with and into Legacy Tigo (the “Merger”), with Legacy Tigo surviving the Merger as a wholly-owned subsidiary of ROCG (the Merger, together with the other transactions described in the Merger Agreement, the “Business Combination”). In connection with the closing of the Business Combination, ROCG changed its name to “Tigo Energy, Inc.””
3. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “The Company was originally incorporated in Delaware in 2019 under the name Roth CH Acquisition IV Co. (“ROCG”) for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more target businesses. On August 10, 2021, ROCG consummated its initial public offering (“IPO”), following which its securities began trading on the Nasdaq Stock Market.”
4. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “including previously serving as Chairman, CEO and President of NetManage, Inc. from 1990 until its acquisition in 2008.”
5. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “The following table shows information with respect to the beneficial ownership of our Common Stock as of March 24, 2026, the Record Date”
6. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Zvi Alon(2) 16,012,474 21.1”
7. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Five Percent Holders: Alon Ventures, LLC(10) 12,689,306 16.7 % Energy Growth Momentum II LP(11) 9,133,224 12.0 % Tigo SPV LP(12) 5,208,625 6.9 % Clal Industries Ltd(13) 4,057,315 5.3”
8. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Bill Roeschlein has served as our Chief Financial Officer since the Business Combination. Previously, Mr. Roeschlein served as Chief Financial Officer of Legacy Tigo, a position he held since June 2022.”
9. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Mr. Roeschlein previously served as Chief Financial Officer of Nanosys Inc., from June 2021 to June 2022. Before that, he served as Chief Financial Officer of Perceptron, Inc. from January 2020 to June 2021”
10. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Anita Chang has served as our Chief Operating Officer since October 2024. Previously, Ms. Chang served as the Senior Vice President of Global Manufacturing Operations of Tigo from May 2023 to October 2023, the Chief Operating Officer of Tigo from July 2020 to May 2023, and the Vice President of Operations & General Manager, China, at Tigo from 2015 to 2020.”
11. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Jing Tian has served as our Chief Growth Officer since the Business Combination and as our Chief Revenue Officer since January 2025. Previously, she served as the Chief Growth Officer of Legacy Tigo since February 2021.”
12. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “She launched the TrinaSmart Module with Tigo while at Trina Solar.”
13. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “James (JD) Dillon has served as our Chief Marketing Officer since the Business Combination. Previously, he served as the Chief Marketing Officer of Legacy Tigo since November 2020. Prior to joining Tigo, Mr. Dillon served as Vice President of Marketing & Pricing at Enphase Energy a supplier of solar microinverters to the PV industry, from July 2017 to October 2020.”
14. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our primary competitors in the MLPE market are Enphase and SolarEdge.”
15. The record on this page: the officers and directors who file Forms 3, 4 and 5 (the SEC's insider data sets)
16. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “The Board is currently comprised of seven individuals: Zvi Alon, Tomer Babai, Joan C. Conley, Sagit Manor, Michael Splinter, Stanley Stern and John Wilson.”
17. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “the Board affirmatively determined that Mr. Babai, Ms. Conley, Ms. Manor, Mr. Splinter, Mr. Stern and Mr. Wilson are independent within the meaning of the Nasdaq Rules”
18. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Previously, he served as a member of Legacy Tigo’s Board since November 2013. He served as the Executive Chairman of Applied Materials from 2009 until his retirement in 2015 and was Chief Executive Officer from 2003 to 2013.”
19. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “He has also served on the board of directors of Taiwan Semiconductor Manufacturing Company, Ltd. (NYSE: TSM) since 2015”
20. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Previously, he served as a member of Legacy Tigo’s Board since 2015. Mr. Stern founded and has served as Managing Partner of Alnitak Capital, a merchant bank and strategic advisory firm, since 2013”
21. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Energy Growth Momentum GP II Limited (“EGM II GP”) is the general partner of Energy Growth Momentum II LP (“EGM II LP”) and has voting and dispositive power over all of the shares of Common Stock held by EGM II LP.”
22. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “EGM II GP is the general partner of Tigo SPV and has voting and dispositive power over all of the shares of Common Stock held by Tigo SPV.”
23. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Mr. Wilson is a founding Partner of Energy Growth Momentum LLP, a position he has held since 2017.”
24. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “Mr. Babai is a partner at a private consulting firm that provides advisory services regarding technology investments to the controlling shareholder of Clal Industries Ltd. and certain of its portfolio companies.”
25. Tigo Energy, Inc., Form DEF 14A filed 2026-04-06: “All Directors and Executive Officers as a group (11 individuals) 20,194,164 26.6”
26. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “As of December 31, 2025, we had 138 employees. Of these employees, 12 were engaged in operations, 31 in research and development, 67 in sales and marketing, and 28 in general and administrative roles. Of our employees, 73 were based in the Americas region, 48 were based in the EMEA region and 17 were based in the APAC region.”
27. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “None of our employees are represented by a labor union.”
28. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “The Company has subsidiaries that conduct research and development, in addition to our Predict+ service, that are located in Israel.”
29. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “primarily due to workforce reductions of 10% in April 2024 that were implemented in response to the industry-wide slowdown in 2023.”
30. The record on this page: the filing record (the EDGAR submissions feed)
31. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our primary focus has been on MLPEs, which are devices that reside under the solar panel that increase energy production, enhance safety, and lower operating costs for the system owner.”
32. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our MLPEs have been our primary product since our inception in 2007 and account for the substantial majority of our revenues. Marketed as Tigo TS4 Flex MLPE, these devices are an integral part of the string-inverter type of solar architecture”
33. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “To date, we have shipped approximately 16.6 million MLPE devices worldwide and have installations in over 100 countries on all seven continents.”
34. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our rapid shutdown MLPEs provide safety and adherence to local standards (where applicable) and safe access to PV systems on roofs by rapidly taking the system voltage to a safe level.”
35. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Module-level monitoring can reduce operations and maintenance costs by allowing installers to pinpoint performance issues, troubleshoot remotely and eliminate manual testing of each solar panel.”
36. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “combining rapid shutdown, monitoring, and optimization, which combats shading and the effects of disparate aging and soiling on modules to ensure the entire system produces efficiently out of each and every module.”
37. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our MLPEs are compatible with nearly every module and inverter in the market due to their open system architecture.”
38. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “the Rapid Shut Down system is certified with hundreds of inverters from more than fifteen manufacturers.”
39. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “The Tigo GO ESS product line offers a complete energy storage solution for residential customers comprised of the GO Battery, GO Inverter, GO Link/Automatic Transfer Switch (“ATS”), and GO Electric Vehicle (“EV”) Charger. The Tigo GO ESS product line provides energy resilience in the event of a grid outage”
40. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “The Tigo GO ESS product line, available for the U.S. and European residential markets, offers flexible components that can be purchased together or individually and are compatible with other brands.”
41. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “For the years ended December 31, 2025, and 2024, we have generated approximately $9.6 million and $3.5 million, respectively, in revenue from offerings of our GO ESS product line.”
42. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our EI software platform is provided complimentary with the majority of our MLPE product line; however, our customers can elect to purchase our premium monitoring services”
43. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our monitoring services revenue represented less than 1% of the Company’s total net revenues for the years ended December 31, 2025, and 2024.”
44. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “This innovative Software as a Service (“SaaS”) solution leverages artificial intelligence (“AI”) and machine learning technologies to offer accurate, customizable forecasting models for electricity generation and consumption. Designed to cater to the needs of utilities, independent power producers (“IPPs”), and grid planners, Tigo Predict+ provides leading analytical capabilities.”
45. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “The Company began offering the Predict+ service in January 2023. Predict+ revenue represented 1.5% and 2.2% of the Company’s total net revenue for the years ended December 31, 2025, and 2024, respectively.”
46. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Primarily, we use solar equipment distributors to leverage their broad sales force, logistics and credit services with installers. We also sell our products and services directly to large installers and EPC firms when the volume is sufficient to drive economies of scale and create an on-going business relationship. In addition, we also sell to inverter suppliers, who integrate our rapid shutdown device into their inverter and then bundle this inverter with our optimizers for a more complete solution.”
47. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “For the year ended December 31, 2025, no customer accounted for 10% or more of total revenue.”
48. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “During the years ended December 31, 2025, and 2024, our largest customer accounted for approximately 8.5% and 7.9%, respectively, of our annual net revenue for such period.”
49. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “In addition, we do not have exclusive arrangements with our third-party distributors. Many of our distributors also market and sell products from our competitors.”
50. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Although we have agreements with some of our largest customers, these agreements generally do not have long-term purchase commitments and are generally terminable by either party by providing written notice ahead of an annual renewal.”
51. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Customers accounting for 10% or more of total accounts receivable were as follows: Year Ended December 31, 2025 Customer A 22.5 % Customer B 10.6”
52. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “For the year ended December 31, 2025, we generated approximately 67.1% and 25.6% of our revenue from markets in EMEA and the Americas, respectively.”
53. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our net revenues generated from the Germany, Czech Republic, the United Kingdom and Italy and represented 15.5%, 15.2%, 15.1%, and 10.3% of our total net revenue for the year ended December 31, 2025, respectively.”
54. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our net revenues generated from the United States represented 23.3% and 20.7% of our total net revenue for the years ended December 31, 2025, and 2024, respectively.”
55. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “While the majority of our North American revenue is currently generated from commercial and industrial markets, we are actively working to grow our presence in the U.S. residential market through offerings with residential solar providers.”
56. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “The Company has experienced higher sales of our products in the second and third quarters, which has been affected by seasonal customer demand trends, including weather patterns and construction cycles.”
57. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our strategy has three elements: outsource, automate, and localize. We outsource the manufacturing of our products to contract manufacturers in order to access advanced manufacturing equipment, processes, skills and capacity without large capital outlays.”
58. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “We heavily rely upon our contract manufacturers to manufacture most of our products. We mainly rely on two contract manufacturers.”
59. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “In addition, the facilities in which our products are manufactured are located outside of the U.S., currently in Thailand, Vietnam and China.”
60. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “U.S. net revenue represented 23.3% of our total net revenue for the year ended December 31, 2025. Substantially all of our MLPE products, which represented 68.9% of U.S. net revenues during the year ended December 31, 2025, were manufactured in Thailand. Our GO Energy Storage Systems (“GO ESS”) products represented 23.1% of U.S. net revenues during the year ended December 31, 2025. Beginning in October 2025, we transitioned production of our GO ESS product line for the U.S. market from China to Vietnam.”
61. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “We entered into a master supply agreement with one of our principal contract manufacturers in February 2021”
62. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “We expect our manufacturing relationship with this contract manufacturer to conclude in April 2026. In connection with this transition, we have engaged an additional contract manufacturer that has begun producing for us in Thailand.”
63. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Although our revenues are generated in U.S. dollars, a portion of our operating expenses is incurred in New Israeli Shekels (primarily related to payroll), the Euro and, to a lesser extent, other currencies.”
64. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Legacy Tigo was incorporated in Delaware in 2007 and commenced operations in 2010.”
65. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Goodwill represents the excess of the purchase price over the identifiable tangible and intangible assets acquired in addition to liabilities assumed arising from the acquisition of Tigo Energy AI Ltd (f/k/a Foresight Energy, Ltd. (“fSight”)) in 2023.”
66. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “As of December 31, 2025, the Company had a goodwill balance of $12.2 million. The goodwill balance is related to the acquisition of Tigo Energy AI Ltd (f/k/a Foresight Energy, Ltd. (“fSight)).”
67. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “On January 9, 2023, the Company entered into a convertible promissory note purchase agreement (“Note Purchase Agreement”) with L1 Energy Capital Management S.a.r.l in exchange for cash of $50.0 million (“Convertible Promissory Notes”). Outstanding borrowings under the Convertible Promissory Notes bear interest at a rate of 5.0% per year. The principal amount was due at the maturity date of January 9, 2026”
68. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “On December 17, 2025, we extinguished our Convertible Promissory Notes by paying $51.3 million in cash, which included principal, accrued interest and fees associated with the extinguishment. As of December 31, 2025, we had no outstanding debt obligations.”
69. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “During the year ended December 31, 2025, a total of 8,309,168 shares of common stock were issued pursuant to the ATM Agreement for aggregate gross proceeds of approximately $14.2 million, before deducting commissions and offering expenses payable by us.”
70. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “On February 24, 2026, we entered into a Purchase Agreement with certain Investors, pursuant to which we issued and sold, in a registered direct offering (the “Offering”), an aggregate of 5,000,000 shares of common stock, for gross proceeds of $15.0 million, before deducting placement agent fees and offering expenses.”
71. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “On December 16, 2025 (the “Initial Closing date”), the Company entered into a patent purchase agreement with Tigo Energy Innovations LLC (the “Purchaser”), an unaffiliated third party, pursuant to which the Company sold certain patents (the “Assigned Patents”).”
72. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “We received $15.0 million at the initial closing, and an additional holdback amount of up to $3.0 million is contingent on the satisfaction of specified conditions.”
73. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “seller-retained royalties under the purchase patent agreement, which entitle the Company to receive up to $5.0 million of future license proceeds, represent contingent income and will be recognized in other (income) expenses, net when and if earned.”
74. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “In connection with the transaction, the Company received a non-exclusive grant-back license to practice the Assigned Patents in connection with the Seller’s products.”
75. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “At the Initial Closing, the Company recognized a gain of $14.6 million, which is the consideration paid at the Initial Closing date, net of transaction costs.”
76. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “As of December 31, 2025, we had 16 granted patents and 13 pending patents. Our issued patents are scheduled to expire between 2029 and 2044.”
77. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “The Tigo system architecture is identical to a string inverter’s architecture, allowing the optimizers to remain in a complete bypass mode until mismatch occurs that requires its intervention.”
78. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Because of these guiding principles of operation, Tigo optimizers achieve maximum energy harvest with up to 99.7% efficiency and limit heat dissipation at the back of the module.”
79. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Tigo’s selective deployment accommodates partial placement as needed and can be applied to any module in a single string, minimizing the number of optimizers needed in a tradeoff between cost and performance.”
80. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our internal studies show that the TS4-A-O increases production by an average of 8.7% in comparison with our MLPE models without optimizers”
81. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “in 2024, we introduced our X family of MLPE which supports solar modules up to 800W.”
82. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Our standard warranty period is 25 years for our MLPE devices, 12.5 years for our inverters, and 11 years for our batteries.”
83. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “since our history in selling MLPE devices, batteries, inverters and other hardware is shorter than the warranty period, the calculation of warranty provisions is inherently uncertain.”
84. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Although the solar optimizer and inverter space has been historically served by two major suppliers”
85. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “The markets for our GO ESS product line and EI Platform are also competitive, and we compete primarily with SolarEdge, Enphase, and Tesla, as well as a number of other companies.”
86. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “New entrants to the MLPE market, including low-cost Asian manufacturers, have recently announced plans to ship or have already shipped similar products.”
87. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “In 2014, Article 690.12 of the U.S. National Electrical Code (“NEC”) mandated that all PV system circuits installed on or in buildings incorporate a rapid shutdown function to reduce electrical hazards for firefighters and emergency responders.”
88. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Beginning with the 2017 edition of the NEC 690 code added in-array rapid shutdown requirements, which can be satisfied through the use of MLPEs.”
89. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “In July 2025, the OBBB was signed into law, introducing significant changes to clean energy tax credit programs that may impact our financial condition, results of operations and future prospects. The law phases out the Investment Tax Credit (“ITC”) under Section 25D of the Internal Revenue Code of 1986, as amended (the “Code”), for residential solar and storage systems purchased through cash or loans, with the credit now set to expire on December 31, 2025.”
90. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Projects that commence construction after June 16, 2025, must satisfy a 45% domestic cost threshold, increased from 40%. The OBBB further introduced new compliance requirements under the Foreign Entity of Concern (“FEOC”) provisions applicable to both Section 48E and the Advanced Manufacturing Production Tax Credit (“AMPTC”) under Section 45X of the Code.”
91. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “As of December 31, 2025, we were subject to tariffs on all products imported into the United States from the countries in which we manufacture our products.”
92. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “The change was also driven by an increase of $1.5 million in customs fees primarily associated with the tariffs that were enacted in 2025.”
93. Tigo Energy, Inc., Form 8-K filed 2025-12-19: “On December 18, 2025, Tigo Energy, Inc. (the “Company”) entered into an amended and restated manufacturing and supply agreement (the “Amended and Restated Agreement”) with EG4 Electronics LLC (“EG4”), which amended and restated that certain manufacturing and supply agreement, dated August 19, 2025, between Tigo and EG4 in its entirety”
94. Tigo Energy, Inc., Form 8-K filed 2025-12-19: “Pursuant to the Amended and Restated Agreement, the Company has now agreed to supply to EG4, and EG4 has agreed to purchase from the Company, TS4-A-Os optimizers, Tigo Cloud Connect Advanced and Tigo Access Point (collectively, the “Company Components”). In connection therewith, EG4 has agreed to use such Company Components in order to manufacture, package and distribute Optimized Inverters (as defined in the Agreement) as set forth in the Amended and Restated Agreement.”
95. Tigo Energy, Inc., Form 8-K filed 2025-12-19: “agreed that EG4 shall be the claimant of the tax credit that is available pursuant to Section 45(X) of the Internal Revenue Code of 1986 (as amended) (the “45x Tax Credits”). If EG4 is eligible to receive any 45x Tax Credits, EG4 will apply for such 45x Tax Credits to the maximum extent available to EG4 as a result of the manufacture of the Optimized Inverters pursuant to the Agreement. In the event EG4 receives any 45x Tax Credits, EG4 will pay the Company, within 90 days, an agreed upon amount of such 45x Tax Credits.”
96. The record on this page: the filed annual figures (EDGAR's company facts)
97. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Demand for our products continued to increase in 2025 following the industry-wide slow down that began in the second half of 2023 and continued into the 2024.We continued to see a recovery across the major markets we serve, particularly in Europe and the United States, which contributed to revenue growth of 91.7% for the year ended December 31, 2025 compared to the same period 2024. We believe this improvement was driven by a combination of strengthening market conditions and our ability to gain market share in the markets we serve.”
98. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Net revenue for the EMEA region increased by $36.9 million or 113.2% for the year ended December 31, 2025, as compared to the same period in 2024. The increase is driven primarily by an increase of $33.1 million and $3.2 million in net revenue from our MLPE and GO ESS product lines, respectively. This growth was primarily driven by higher demand of our MLPE products in Germany, the Czech Republic, the United Kingdom, Italy and Poland, in addition to the sale of $3.1 million of our GO ESS products to a customer in Italy.”
99. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Net revenue for the Americas region increased by $13.4 million or 102.0% for the year ended December 31, 2025, as compared to the same period in 2024. The increase is driven primarily by increases of $9.7 million, $2.9 million, and $0.5 million in net revenue from our MLPE product line, GO ESS product lines and royalty revenue, respectively.”
100. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Net revenue for the APAC region decreased by $0.8 million or 9.2% for the year ended December 31, 2025, as compared to the same period in 2024. The change is driven primarily by a decrease of $0.7 million in net revenue from our MLPE product line in Australia, the Philippines, Thailand and Singapore.”
101. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Accordingly, management has determined that the Company has a single operating and reportable segment.”
102. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Net revenue increased by $49.5 million or 91.7% for the year ended December 31, 2025, as compared to the same period in 2024. The increase is driven primarily by an increase of $42.1 million or 87.2% in net revenue from our MLPE product line, compared to the same period in 2024, which is primarily attributable to the continued market recovery that began in the first quarter of 2024 and increased market acceptance of our products.”
103. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “This growth was primarily attributable to increased demand in the United States, including demand related to repowering activity, driven by higher sales of our MLPE product line, increased promotional activities for our GO ESS product line, and increased royalty revenue resulting from a new royalty agreement entered into during the year ended December 31, 2025.”
104. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Additionally, our GO ESS product line increased by $6.2 million or 178.6% in net revenue for the year ended December 31, 2025, compared to the same period in 2024, which is primarily attributable to increased solar repowering activities.”
105. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “During the year ended December 31, 2024, the Company recorded $23.5 million of inventory reserve charges, primarily related to excess and slow-moving GO ESS inventory and lower sales volumes driven by unfavorable macroeconomic and market conditions in the second half of 2024.”
106. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Gross margin increased by 50.5 percentage points for the year ended December 31, 2025, as compared to the same period in 2024. The increases were primarily driven by an 88.8% decrease in excess and obsolete inventory expense, in addition to higher-margin sales of previously reserved GO ESS inventory, resulting from reserves established in the second half of 2024.”
107. Tigo Energy, Inc., Form 10-Q filed 2026-08-04: “The increase is partially offset by a decrease in royalty revenue of $0.8 million primarily due to all royalty income now being recognized in other income, net for the three months ended June 30, 2026, following the sale of certain patent rights in December 2025. Royalty income was recognized in net revenue during the three months ended June 30, 2025.”
108. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Gross profit (loss) $ 44,351 $ (4,156 ) $ 48,507 1,167.2 % Gross margin 42.8 % (7.7”
109. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Cost of revenue increased by $1.0 million or 1.7% for the year ended December 31, 2025, as compared to the same period in 2024.”
110. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Gain on sale of intangible assets (14,637 ) — (14,637 ) NM Loss on extinguishment of Convertible Promissory Note 1,132 — 1,132 NM Interest expense 11,010 11,420”
111. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “We primarily acquire new customers through collaboration with industry partners and distributors, and while we expect near-term revenue to remain concentrated among existing customers, we plan to expand our presence in the residential markets in the U.S. and EMEA.”
112. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “Internationally, we continue to evaluate and invest in new market opportunities, particularly in the EMEA region, where we have begun offering our residential solutions in Italy and Germany.”
113. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “In addition, the increasing demand for storage and battery solutions is expected to increase the attachment rate of storage to PV installations in the coming years.”
114. Tigo Energy, Inc., Form 10-K filed 2026-03-19: “These legislative and regulatory developments have affected, and could in the future adversely affect, our eligibility for certain tax credits, the attractiveness of our offerings to solar and storage system lease providers, and overall demand for our products.”
115. Tigo Energy, Inc., Form 10-Q filed 2026-08-04: “Net revenue increased by $7.7 million or 18.0% for the six months ended June 30, 2026, as compared to the same period in 2025, which is driven primarily by an increase of $6.8 million or 18.7% in net revenue from our MLPE product line, which is attributable to an increased market acceptance of the products. Additionally, our GO ESS product line increased by $1.9 million or 44.1% in net revenue for the six months ended June 30, 2026”
116. Tigo Energy, Inc., Form 10-Q filed 2026-08-04: “an increase of $6.3 million or 21.1% in net revenue in the EMEA region as a result of increased market acceptance of our MLPE products and purchases of $3.4 million of our GO ESS products from a customer in Italy.”
117. Tigo Energy, Inc., Form 10-Q filed 2026-08-04: “On March 31, 2026, the Company entered into a revolving credit facility (the “Credit Facility”) with Wells Fargo Bank, National Association, as lender, pursuant to which the Company may borrow up to $10.0 million, subject to a borrowing base.”
118. Tigo Energy, Inc., Form 8-K filed 2025-08-25: “the Company and EG4 acknowledged that the manufacturing and production of the Optimized Inverters within the United States will qualify Company to receive certain tax credits pursuant to Section 45x of the Inflation Reduction Act of 2022 (Advanced Manufacturing Production Tax Credit) (the “45x Tax Credits”).”
119. Tigo Energy, Inc., Form 10-Q filed 2026-08-04: “During the six months ended June 30, 2026, production activities commenced through a U.S. based contract manufacturer for certain components that are expected to be used in products supplied under the EG4 arrangement. During the six months ended June 30, 2026, we did not recognize any benefit related to the AMPTC under Section 45X of the Code during the period.”

Who runs it

Alon, Zvi (CEO / Chairperson); Roeschlein, Bill (Chief Financial Officer); Chang, Yahui (Chief Operating Officer); Dillon, James Jd (Chief Marketing Officer); Tian, Jing (Chief Growth Officer); Manor, Sagit (director); Conley, Joan C (director); Babai, Tomer (director); Splinter, Michael R (director); Stern, Stanley (director). 10 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-09.

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