Quarterly ResultAug 12, 2026, 05:19 PM
T1 Energy Q2 Net Sales +88% to $250.1M; Net Loss $44.5M
AI Summary
T1 Energy Inc. reported a significant increase in net sales for the second quarter of 2026, reaching $250.1 million, an 88.4% rise year-over-year, primarily driven by related-party sales. Despite higher gross profit, the company's net loss attributable to common stockholders widened to $44.5 million from $32.8 million in the prior year. The company also experienced a substantial increase in cash used in operating and investing activities, partially offset by $175.7 million from the issuance of convertible notes. A single customer accounted for all net sales in the first half of 2026.
Key Highlights
- Q2 2026 net sales increased 88.4% to $250.1 million, primarily from related parties.
- Net loss attributable to common stockholders for Q2 2026 widened to $(44.5) million.
- Basic and diluted net loss per share for Q2 2026 was $(0.16).
- Cash and cash equivalents decreased to $79.1 million as of June 30, 2026, from $182.5 million.
- Net cash used in operating activities for H1 2026 was $(103.0) million.
- Net cash used in investing activities for H1 2026 was $(170.4) million.
- Issued $175.7 million in Convertible Notes during H1 2026.
- One customer accounted for 100% of net sales for the first half of 2026.
Price Impact
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