TET1 Energy Inc.
Semiconductors & Related Devices
- Revenue
- $755M
- 25573% YoY
- Operating margin
- -31.1%
- 99% YoY
- EBITDA
- −$141M
- 106% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $471M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear3% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | — | $0 | $3M | $755M | 25573% |
| Operating income | −$76M | −$122M | −$66M | −$79M | −$235M | 197% |
| Net income | −$93M | −$99M | −$73K | −$451K | −$381K | 15% |
| Operating cash flow | −$63M | −$90M | −$88M | −$103M | $95M | 193% |
| Capex | $14M | $181M | $188M | $51M | $79M | 55% |
| Stock-based comp | $15M | $9M | $12M | $8M | $11M | 47% |
| Buybacks | $0 | $1M | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 508 | — |
| FY2024 | — | — | 115 | — |
| FY2023 | — | — | 84 | — |