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Sep 30
T1 Energy Inc. Q3 2025 Earnings Report
T1 Energy reported a net loss in Q3 2025 with revenue growth and increased project activity despite ongoing challenges.
Key Takeaways
T1 Energy posted a larger net loss in Q3 2025 due to higher operating expenses and an impairment charge, while revenue increased driven by growth in module sales and related-party transactions.
Revenue reached $210.5 million, including $120.1 million from related-party transactions.
Net loss widened to $140.8 million, primarily due to a $53.2 million impairment charge.
The company expects a significant production ramp at G1_Dallas in Q4 2025.
Cash, cash equivalents, and restricted cash totaled $86.7 million as of quarter end.
T1 Energy Inc.
T1 Energy Inc.
T1 Energy Inc. Revenue by Segment
T1 Energy Inc. Revenue by Geographic Location
Revenue by Segment
Related Party Revenue
CapyFin.comThird Party Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
T1 Energy expects a strong Q4 2025 driven by higher G1_Dallas production and monetization of Section 45X credits, while also progressing construction plans for G2_Austin.
Positive Outlook
- G1_Dallas module sales expected to exceed the first three quarters combined
- Production at G1_Dallas to reach a 4.5 GW annualized run rate in Q4 2025
- G2_Austin construction expected to begin in Q4 2025
- Section 45X credits of $93.1 million expected to be monetized
- EBITDA guidance of $25–$50 million reaffirmed for FY 2025
Challenges Ahead
- Impairment charge of $53.2 million due to an offtake contract dispute
- Net loss widened significantly from Q3 2024
- Increased operating expenses impacted profitability
- Pending resolution of supply contract dispute may delay revenue recognition
- No confirmed signed offtake contracts yet for G2_Austin
Revenue & Expenses
Visualization of income flow from segment revenue to net income