Quarterly ResultMay 12, 2026, 05:02 PM
T1 Energy Q1 Net Sales $177.6M, up 232%; Net Loss $(20.4)M
AI Summary
T1 Energy reported a significant increase in total net sales for Q1 2026 to $177.6 million, up 232% from $53.5 million in Q1 2025. Despite this revenue growth, the company's net loss widened to $(20.4) million from $(16.2) million year-over-year, though net loss per share improved. The company is also expanding its U.S. manufacturing footprint with the construction of a new solar cell manufacturing facility in Milam County, Texas, anticipated to begin production by the end of 2026.
Key Highlights
- Total net sales for Q1 2026 reached $177.6 million, a 232% increase from $53.5 million in Q1 2025.
- Net loss for Q1 2026 was $(20.4) million, compared to $(16.2) million in Q1 2025.
- Net loss per share improved to $(0.08) in Q1 2026 from $(0.11) in Q1 2025.
- Gross profit for Q1 2026 was $29.1 million, up from $17.8 million in Q1 2025.
- Cash and cash equivalents were $46.4 million as of March 31, 2026.
- Net cash used in operating activities was $(72.9) million for Q1 2026.
- Construction of the G2_Austin solar cell manufacturing fab began in December 2025.
- One customer accounted for approximately 100% of net sales for Q1 2026 and 2025.
Price Impact
More from TE