T
Turbo Energy, S.A.
TURBCIK 0001963439NasdaqNon-AcceleratedEmerging GrowthMiscellaneous Electrical Machinery, Equipment & SuppliesU3ESFY ends Dec 31
Period
FY 2024
Revenue
—
Net Income
$-3.34M
Total Assets
$12.65M
Equity
—
Shares Out
55.09M
Op. Cash Flow
—
Business
Turbo Energy, S.A. develops and commercializes integrated solar energy storage technologies and AI-driven energy management systems. It offers proprietary SUNBOX all‑in‑one modular storage units, lithium‑ion batteries, inverters and the cloud‑based Turbo Energy App plus Energy-as-a-Service financing. The company serves residential, commercial & industrial and utility segments with product lines including SUNBOX Home, SUNBOX EV, SUNBOX Industry and planned SUNBOX Utility, and operates a software subsidiary for SaaS and deployment solutions. Distribution occurs through distributor networks, installers, partners and direct international expansion into Europe, the U.S. and Latin America.
Summary from filing dated 2025-04-25
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Profit or loss [abstract] | — | — | — | |
| Total Revenue | 20 | 10 | 13 | |
| Cost and Expenses | — | — | — | |
| Cost of revenues | 16 | 9 | 11 | |
| Cost of revenues - related parties | — | — | 1 | |
| Selling and administrative | 3 | 2 | 2 | |
| Selling and administrative - related parties | 360,787 | 848,832 | 1 | |
| Salaries and benefits | 1 | 1 | 1 | |
| Salaries and benefits - related parties | 140,333 | 116,843 | 9,999 | |
| Bad debt expense | 13,214 | 138,941 | 84,394 | |
| Total Cost and Expenses | 21 | 14 | 16 | |
| Loss from operations | −775,231 | −4 | −3 | |
| Other Income (Expense) | — | — | — | |
| Other income | 13,039 | — | — | |
| Other income - related party | 134 | — | — | |
| Interest income | 3,457 | 63,118 | 444 | |
| Interest expense | 586,713 | 198,580 | 287,281 | |
| Interest expense - related party | 81,320 | 183,777 | 118,750 | |
| Recovery of bad debts | 57,536 | — | — | |
| Loss from disposal of equipment | −42,761 | — | — | |
| Gain from insurance recoveries on inventory | — | 2 | — | |
| Impairment on inventory due to natural disaster | — | 2 | — | |
| Foreign exchange gain (loss) | −132,832 | 4,516 | −82,881 | |
| Total Other Income (Expense) | −769,460 | −510,289 | −488,468 | |
| Net Loss Before Income Tax | −2 | −4 | −3 | |
| Income tax Expense (Recovery) | — | — | — | |
| - Current | — | — | −93,022 | |
| - Deferred | −388,382 | −1 | −1 | |
| Net Loss | −1 | −3 | −2 | |
| Basic Net Income per Ordinary Share (in Euro per share) | −0.02 | −0.06 | −0.04 | |
| Diluted Net Income per Ordinary Share (in Euro per share) | −0.02 | −0.06 | −0.04 | |
| Weighted Average Number of Ordinary Shares Outstanding - Basic (in Shares) | 55 | 55 | 51 | |
| Weighted Average Number of Ordinary Shares Outstanding - Diluted (in Shares) | 55 | 55 | 51 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Statement of financial position [abstract] | — | — | |
| Current | — | — | |
| Cash and cash equivalent | 493,129 | 2 | |
| Accounts receivable and other receivables | 2 | 3 | |
| Inventories | 3 | 2 | |
| Amount due from related parties | 10 | 246,220 | |
| Prepaid expense | 4 | 1 | |
| Investments | 34,557 | 52,050 | |
| Total Current Assets | 20 | 9 | |
| Non- Current Assets | — | — | |
| Property and equipment, net | 214,966 | 273,862 | |
| Intangible assets, net | 2 | 2 | |
| Right-of-use assets | 21,444 | 35,311 | |
| Deferred tax assets | 2 | 2 | |
| Total Assets | 24 | 13 | |
| Current Liabilities | — | — | |
| Accounts payable and accrued liabilities | 13 | 3 | |
| Accrued interest payable | 355,711 | 14,901 | |
| Amount due to related parties | 3 | 2 | |
| Lease liabilities - current portion | 12,203 | 32,367 | |
| Bank loans - current portion | 5 | 4 | |
| Debt bond - current portion | 253,352 | 91,411 | |
| Total Current Liabilities | 21 | 9 | |
| Non-Current Liabilities | — | — | |
| Lease liabilities | 10,059 | 3,958 | |
| Deferred tax liabilities | 30,595 | 33,339 | |
| Debt bond - noncurrent portion | 2 | 774,471 | |
| Total Liabilities | 23 | 10 | |
| Shareholders’ Equity | — | — | |
| Share Capital | 3 | 3 | |
| Additional paid in capital | 4 | 4 | |
| Reserve | 1 | 1 | |
| Accumulated Deficit | −7 | −5 | |
| Total Shareholders’ Equity | 2 | 3 | |
| Total Liabilities and Shareholders’ Equity | 24 | 13 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 | Dec 31, 2022 2022-12-31 |
|---|---|---|---|---|---|
| Statement of cash flows [abstract] | — | — | — | — | |
| Operating Activities | — | — | — | — | |
| Net loss before income tax | −2 | −4 | −3 | — | |
| Items not affecting cash: | — | — | — | — | |
| Stock based compensation | 132,015 | 103,810 | — | — | |
| Bad debt expense | 13,214 | 138,941 | 84,394 | — | |
| Recovery of bad debts | 57,536 | — | — | — | |
| Loss from disposal of equipment | −42,761 | — | — | — | |
| Depreciation of property and equipment | 24,883 | 11,814 | 19,424 | — | |
| Amortization of intangible assets | 242,118 | 49,684 | 49,984 | — | |
| Amortization of right-of-use assets | 45,162 | 61,568 | 58,524 | — | |
| Accretion of lease liabilities | 3,028 | 2,311 | 2,177 | — | |
| Gain on lease cancellation | −446 | — | — | — | |
| Provision for inventory reserves | — | — | 312,563 | — | |
| Gain from insurance recoveries on inventory | — | 2 | — | — | |
| Impairment on inventory due to natural disaster | — | 2 | — | — | |
| Changes in non-cash working capital items: | — | — | — | — | |
| Inventories | −1 | 3 | 4 | — | |
| Accounts receivable and other receivables | 1 | −843,993 | 832,135 | — | |
| Deferred tax assets | 159,621 | 157,397 | −518,080 | — | |
| Due from related parties | −8 | 1 | −1 | — | |
| Due to related parties | 64,958 | −117,414 | −117,718 | — | |
| Prepaid expense | −3 | 27,770 | −312,548 | — | |
| Accounts payable and accrued liabilities | 10 | 867,259 | −609,310 | — | |
| Accrued interest payable | 340,810 | 14,901 | — | — | |
| Deferred tax liabilities | 2,744 | −556 | −32,783 | — | |
| Income tax payable | — | — | 578,319 | — | |
| Net cash provided by (used in) operating activities | −2 | 986,949 | 182,845 | — | |
| Investing Activities | — | — | — | — | |
| Short-term investments | — | −2 | 2 | — | |
| Proceeds from return of short-term investments | 17,493 | — | — | — | |
| Purchase of equipment | 8,748 | 126,592 | 28,025 | — | |
| Purchase of intangible assets | 631,294 | 926,953 | 516,684 | — | |
| Net cash provided by (used in) investing activities | −622,549 | 938,455 | −3 | — | |
| Financing Activities | — | — | — | — | |
| Net proceed from issuance of common stock through Initial public offering | — | — | 3 | 3 | |
| Proceeds from debt bond | 2 | 865,882 | — | — | |
| Repayment of debt bond | 219,463 | — | — | — | |
| Repayment of bank loans | 90,374 | 237,480 | 228,150 | — | |
| Net proceeds (repayment) from lines of credit | 231,256 | 617,532 | −4 | — | |
| Repayment of lease liabilities | 47,940 | 63,996 | 60,523 | — | |
| Payments to related parties | 1 | 2 | 640,332 | — | |
| Proceeds from related parties | 212,160 | 799,105 | 4 | — | |
| Net cash provided by (used in) financing activities | 628,949 | −161,310 | 3 | — | |
| Net change in cash and cash equivalent | −2 | 2 | 117,946 | — | |
| Cash and cash equivalent - end of period | — | — | — | — | |
| Cash and cash equivalent - end of period | — | — | — | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro