T1 Energy Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $755.3M | $2.9M | $0 | — | — |
| Cost of revenue | $699.7M | $1.7M | $0 | — | — |
| Gross profit | $55.6M | $1.2M | $0 | — | — |
| Selling, general & administrative | $235.3M | $79.2M | — | — | — |
| Research and development | — | — | $28.5M | $13.6M | $13.8M |
| Operating expenses | $290.1M | $80.2M | $143.0M | $122.5M | $75.6M |
| Operating income | -$234.6M | -$79.0M | -$65.5M | -$122.5M | -$75.6M |
| Pretax income | -$340.7M | -$82.6M | -$18.2M | -$99.1M | -$93.4M |
| Income tax expense | -$19.4M | -$15.8M | $443,000 | $0 | $0 |
| Net income | -$367.8M | -$450.6M | -$71.9M | -$98.8M | -$93.4M |
| Balance Sheet | |||||
| Cash and equivalents | $182.4M | $72.6M | $253.3M | $443.1M | $564.0M |
| Current assets | $663.5M | $572.0M | $312.0M | $579.5M | — |
| Total assets | $1.4B | $1.3B | $732.2M | $827.7M | — |
| Current liabilities | $463.6M | $410.1M | $49.2M | $62.6M | — |
| Total liabilities | $1.1B | $1.1B | $97.5M | $107.6M | — |
| Total debt | $418.1M | $685.0M | $0 | — | — |
| Stockholders' equity | $250.4M | $188.8M | $633.2M | $717.5M | $545.5M |
| Cash Flow Statement | |||||
| Cash from operations | $95.5M | -$102.8M | -$87.9M | -$90.0M | -$63.1M |
| Depreciation and amortization | $93.3M | $10.5M | $3.3M | $478,000 | $120,000 |
| Stock-based compensation | $11.4M | $7.8M | $11.6M | $8.6M | $14.8M |
| Capital expenditure | $78.8M | $50.8M | $187.8M | $180.8M | $13.8M |
| Free cash flow | $16.7M | -$153.6M | -$275.8M | -$270.8M | -$76.9M |
| Share repurchases | — | — | — | $1.1M | $0 |
| Impairments | $16.1M | $0 | — | — | — |
Shares outstanding 279.3M · Free float 66.6%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.