T1 Energy (TE) financial statements
T1 Energy reported revenue of $755M in fiscal 2025, up 25572.8% a year over 1 years.
Net income was -$368M.
Free cash flow was $17M.
The diluted share count rose 130% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from T1 Energy's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $0 | $3M | $755M |
| Cost of revenue | — | — | $0 | $2M | $700M |
| Gross profit | — | — | $0 | $1M | $56M |
| Research and development | $14M | $14M | $28M | — | — |
| Selling, general and admin | $62M | $107M | $66M | $79M | $235M |
| Operating income | -$76M | -$122M | -$66M | -$79M | -$235M |
| Pre-tax income | -$93M | -$99M | -$18M | -$83M | -$341M |
| Income tax | $0 | $0 | $443,000 | -$16M | -$19M |
| Net income | -$93M | -$99M | -$72M | -$451M | -$368M |
| EPS (diluted) | -$1.24 | -$0.83 | -$0.51 | -$3.20 | -$2.19 |
| Diluted shares | 75M | 118M | 140M | 141M | 174M |
| Gross margin | — | — | — | 41.7% | 7.4% |
| Operating margin | — | — | — | -2685.5% | -31.1% |
| Net margin | — | — | — | -15314.5% | -48.7% |
Balance sheet
Fiscal years, from T1 Energy's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $564M | $443M | $253M | $73M | $182M |
| Receivables | — | — | — | $0 | $84M |
| Inventory | — | — | $0 | $275M | $116M |
| Total current assets | — | $579M | $312M | $572M | $663M |
| Property, plant and equipment | — | $211M | $2M | $294M | $302M |
| Goodwill | — | — | $0 | $75M | $57M |
| Total assets | — | $828M | $732M | $1.3B | $1.4B |
| Total current liabilities | — | $63M | $49M | $410M | $464M |
| Long-term debt | — | — | — | $508M | $344M |
| Total liabilities | — | $108M | $97M | $1.1B | $1.1B |
| Shareholders' equity | $545M | $717M | $633M | $189M | $250M |
| Net debt | -$564M | -$443M | -$253M | $530M | $208M |
Cash flow
Fiscal years, from T1 Energy's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$63M | -$90M | -$88M | -$103M | $95M |
| Capital spending | $14M | $181M | $188M | $51M | $79M |
| Free cash flow | -$77M | -$271M | -$276M | -$154M | $17M |
| Stock-based compensation | $15M | $9M | $12M | $8M | $11M |
| Share buybacks (net) | $0 | -$1M | — | — | — |
| Free cash flow margin | — | — | — | -5222.5% | 2.2% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TE.
Open TE in InvestinglyQuestions
What was T1 Energy's revenue in 2025?
$755M in fiscal 2025, from its 10-K filing.
How much free cash flow does T1 Energy generate?
$17M in fiscal 2025 (operating cash flow minus capital spending).
From T1 Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.