T
T1 Energy Inc.
TECIK 0001992243NYSENon-AcceleratedSmaller ReportingSemiconductors & Related DevicesDelawareFY ends Dec 31
Period
FY 2025
Revenue
$755.29M
Net Income
$-367.83M
Total Assets
$1.37B
Equity
$250.37M
Shares Out
279.07M
Op. Cash Flow
$95.46M
Business
T1 Energy Inc. manufactures photovoltaic solar modules and is constructing a solar cell manufacturing facility in Texas. The company produces PERC and TOPCon technology modules for utility-scale, commercial & industrial, and residential applications. T1 operates a 5 GW module assembly facility in Wilmer, Texas and a 2.1 GW cell fab under construction in Milam County, Texas, serving the U.S. solar market. The company licenses intellectual property from Evervolt and receives operational and sales support from Trina Solar entities.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total net sales | 755 | 3 | — | — | — | |
| Cost of sales | 700 | 2 | 0 | — | — | |
| Gross profit | 56 | 1 | 0 | — | — | |
| Selling, general and administrative | 235 | 79 | — | — | — | |
| Impairment of intangible assets | 55 | 1 | — | — | — | |
| Total operating expenses | 290 | 80 | 143 | 122 | 76 | |
| Loss from discontinued operations | −235 | −79 | −66 | −122 | −76 | |
| Warrant liability fair value adjustment | −8 | −1 | 32 | 14 | −22 | |
| Derivative liabilities fair value adjustment | −31 | −15 | 0 | — | — | |
| Loss on settlement of derivative liability | −6 | 0 | — | — | — | |
| Loss on debt extinguishment | −9 | 0 | — | — | — | |
| Impairment of assets previously classified as held for sale | −16 | 0 | — | — | — | |
| Interest (expense) income, net | −37 | 3 | 10 | 2 | 314,000 | |
| Foreign currency transaction (loss) gain | −200,000 | 563,000 | −306,000 | 3 | 1 | |
| Other income, net | 1 | 9 | 6 | 5 | 2 | |
| Total other expense | −106 | −4 | 47 | 23 | −18 | |
| Loss from continuing operations before income taxes | −341 | −83 | −18 | −99 | −93 | |
| Income tax benefit | 19 | 16 | −443,000 | 0 | 0 | |
| Net loss from continuing operations | −321 | −67 | −19 | — | — | |
| Net loss from discontinued operations, net of tax | −46 | −384 | −54 | — | — | |
| Net loss | −368 | −451 | −73 | −99 | −93 | |
| Net loss attributable to non-controlling interests | 0 | 402,000 | 1 | 328,000 | 0 | |
| Preferred dividends and accretion | −4 | −87,000 | — | — | — | |
| Preferred deemed dividend | −8 | 0 | 0 | — | — | |
| Tranche right deemed dividend | −2 | 0 | — | — | — | |
| Net loss attributable to common stockholders | −381 | −450 | −72 | — | — | |
| Weighted average shares of common stock outstanding - basic (in shares) | 174 | 141 | 140 | 118 | 75 | |
| Weighted average shares of common stock outstanding - diluted (in shares) | 174 | 141 | 140 | 118 | 75 | |
| Net loss per share from continuing operations - basic (in USD per share) | −1.93 | −0.48 | −0.13 | — | — | |
| Net loss per share from continuing operations - diluted (in USD per share) | −1.93 | −0.48 | −0.13 | — | — | |
| Net loss per share from discontinued operations - basic (in USD per share) | −0.26 | −2.72 | −0.39 | — | — | |
| Net loss per share from discontinued operations - diluted (in USD per share) | −0.26 | −2.72 | −0.39 | — | — | |
| Net loss attributable to stockholders per share - basic (in USD per share) | −2.19 | −3.2 | −0.51 | −0.83 | −1.24 | |
| Net loss attributable to stockholders per share - diluted (in USD per share) | −2.19 | −3.2 | −0.51 | −0.83 | −1.24 | |
| Foreign currency translation adjustments | 41 | −40 | −28 | 10 | −1 | |
| Total comprehensive loss | −327 | −491 | −101 | −90 | −95 | |
| Comprehensive loss attributable to non-controlling interests | 0 | 402,000 | 1 | 328,000 | 0 | |
| Preferred dividends and accretion | −4 | −87,000 | — | — | — | |
| Comprehensive loss attributable to common stockholders | −340 | −490 | −100 | −89 | −95 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 182 | 73 | 253 | 443 | 564 | |
| Restricted cash | 81 | 4 | 969,000 | 120 | 2 | |
| Accounts receivable | 84 | 0 | — | — | — | |
| Government grants receivable, net | 36 | 687,000 | — | — | — | |
| Inventory | 116 | 275 | 0 | — | — | |
| Advances to suppliers | 138 | 165 | 0 | — | — | |
| Other current assets | 6 | 4 | 0 | 8 | — | |
| Current assets of discontinued operations | 19 | 51 | 58 | — | — | |
| Total current assets | 663 | 572 | 312 | 579 | — | |
| Restricted cash | 7 | 0 | — | — | — | |
| Property and equipment, net | 302 | 294 | 2 | 211 | — | |
| Goodwill | 57 | 75 | 0 | — | — | |
| Intangible assets, net | 180 | 284 | 3 | 3 | — | |
| Right-of-use asset under operating leases | 151 | 112 | 0 | 15 | — | |
| Other assets | 10 | 0 | 4 | 11,000 | — | |
| Total assets | 1,372 | 1,336 | 732 | 828 | — | |
| Accrued liabilities and other | 47 | 93 | 10 | 51 | — | |
| Deferred revenue | 57 | 49 | 0 | — | — | |
| Derivative liabilities | 12 | 15 | 0 | — | — | |
| Current portion of long-term debt | 46 | 94 | 0 | — | — | |
| Current liabilities of discontinued operations | 48 | 45 | 31 | — | — | |
| Total current liabilities | 464 | 410 | 49 | 63 | — | |
| Long-term deferred revenue | 48 | 32 | 0 | — | — | |
| Operating lease liability | 144 | 106 | 0 | 11 | — | |
| Deferred tax liability | 4 | 21 | 443,000 | — | — | |
| Other long-term liabilities | 47 | 22 | 2 | 0 | — | |
| Total liabilities | 1,050 | 1,099 | 97 | 108 | — | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, $0.01 par value, 266,267 and 155,928 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 3 | 2 | 1 | 140 | — | |
| Additional paid-in capital | 1,359 | 971 | 926 | 773 | — | |
| Accumulated other comprehensive loss | −18 | −59 | −19 | 9 | — | |
| Accumulated deficit | −1,093 | −725 | −275 | −203 | — | |
| Total equity | 250 | 189 | 635 | 720 | 545 | |
| Total liabilities, redeemable preferred stock and equity | 1,372 | 1,336 | 732 | 828 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Share-based compensation expense | 11 | 8 | 12 | 9 | 15 | |
| Depreciation and amortization | 93 | 10 | 3 | 478,000 | 120,000 | |
| Change in valuation allowance | 8 | 312 | — | — | — | |
| Reduction in the carrying amount of long-term investments due to license termination | 0 | 21 | 0 | — | — | |
| Change in fair value of derivative liabilities | 31 | 15 | 0 | — | — | |
| Gain on sale of property and equipment | −6 | 0 | — | — | — | |
| Amortization of debt issuance costs, premium and discount | 15 | 0 | — | — | — | |
| Reduction in the carrying amount of right-of-use assets | 6 | 2 | 1 | 1 | 0 | |
| Warrant liability fair value adjustment | 8 | 1 | −32 | −14 | 22 | |
| Deferred income taxes | −14 | −22 | — | — | — | |
| Foreign currency transaction net unrealized loss (gain) | −303,000 | −2 | — | — | — | |
| Other | 4 | 1 | 469,000 | 2,000 | −131,000 | |
| Accounts receivable trade, net - related parties | −77 | 0 | — | — | — | |
| Government grants receivable, net | −36 | 0 | — | — | — | |
| Inventory | 159 | 0 | — | — | — | |
| Other assets | −5 | 0 | — | — | — | |
| Advances to suppliers and other current assets | 20 | −8 | — | — | — | |
| Accounts payable, accrued liabilities and other | 135 | 8 | 20 | 17 | 10 | |
| Deferred revenue | 25 | 0 | — | — | — | |
| Net cash provided by (used in) operating activities | 95 | −103 | −88 | −90 | −63 | |
| Proceeds from the return of property and equipment deposits | 1 | 23 | 0 | — | — | |
| Purchases of property and equipment | −79 | −51 | −188 | −181 | −14 | |
| Proceeds from the sale of property and equipment | 50 | 0 | — | — | — | |
| Purchase of equity investment | −5 | 0 | — | — | — | |
| Business acquisition, net of cash acquired | 0 | −110 | 0 | — | — | |
| Net cash used in investing activities | −33 | −138 | −187 | −175 | −34 | |
| Proceeds from issuance of redeemable preferred shares, net of issuance costs | 50 | 50 | 0 | 0 | 8 | |
| Repayment of Senior Secured Credit Facility | −43 | 0 | — | — | — | |
| Extinguishment of long-term debt - related party | −241 | 0 | — | — | — | |
| Proceeds from issuance of Convertible Notes, net of underwriting fees | 154 | 0 | — | — | — | |
| Payment of debt issuance costs | −8 | 0 | — | — | — | |
| Payment for non-controlling interest | 0 | −4 | 0 | — | — | |
| Equity-based compensation tax withholding | −101,000 | 0 | — | — | — | |
| Payment of costs related to equity offerings | −2 | 0 | — | — | — | |
| Net cash provided by financing activities | 130 | 46 | 0 | 250 | 649 | |
| Effect of changes in foreign exchange rates on cash, cash equivalents, and restricted cash | 1 | −4 | −12 | 12 | −1 | |
| Net decrease in cash, cash equivalents, and restricted cash | 194 | −199 | −287 | −3 | 551 |
Filings
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Frequently asked questions
What is T1 Energy Inc.'s CIK number?
T1 Energy Inc.'s SEC CIK number is 0001992243 (1992243). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find T1 Energy Inc.'s SEC filings?
All of T1 Energy Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did T1 Energy Inc. last report earnings?
T1 Energy Inc. (TE) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-054706). This is T1 Energy Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is T1 Energy Inc.'s most recent earnings 8-K?
T1 Energy Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001213900-26-054706. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View T1 Energy Inc.'s latest earnings 8-K →
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