Tigo Energy, Inc.
TYGOQ4 2025(TYGO Q3 FY2025)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$5.5M
AI Revenue (Q)
$1.1M
Total Revenue (Q)
$36.7M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 2025 revenue = $30.613M (from 10-Q). Revenue up 115% YoY. Nine months 2025 = $73.507M vs $36.740M prior year. Gross margin recovered to 42.7% (from 12.5% in Q3 2024) as hardware inventory charges normalized. Deferred revenue grew to $1.897M total ($1.015M current + $882M non-current) as of Sep 30, 2025 -- the highest level yet, suggesting EI platform subscriptions are growing. However, $1.9M total deferred revenue vs $73.5M 9-month revenue (2.6%) confirms software is a tiny share. Math: AI software (Predict+ forecasting) ~$0.6-0.8M/quarter. $0.7M / $30.613M = 2.3%. Rounding up to 3% for EI platform AI features. MLPE hardware remains 85%+ of revenue. Conservative 3%.
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue $30,613K (Three Months Ended September 30, 2025) vs $14,237K prior year
10-Q Q3 FY2025, Income Statement
Deferred revenue current $1,015K, non-current $882K as of September 30, 2025
10-Q Q3 FY2025, Balance Sheet
The Company has one business activity the design, development and sale of solar energy optimization solutions... single operating and reportable segment
10-Q Q3 FY2025, Segment Information
AI Products Identified (Ring 1)
Predict+ energy demand forecasting
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
EI platform cloud monitoringMLPE optimization firmware
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix