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In February 2025, we changed our corporate name from FREYR Battery, Inc. to T1 Energy Inc. As such, unless expressly indicated or the context requires otherwise, the terms T1, Company, we, us, and our in this document refer to T1 Energy Inc., a Delaware corporation, and, where appropriate, its subsidiaries.
$8.08
$0.64 (-7.34%)
Price from 14 days ago
The business is unprofitable at the operating level (-31.06% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 25572.8% YoY with margins expanding 2654.4pp.
ROIC dropped from -8.01% to -21.79%, capital efficiency is deteriorating. Net debt of $366M represents 22.0x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$879M
▲ +25572.8% YoY
Net Income (TTM)
-$372M
▲ +18.4% YoY
Op. Margin
-26.32%
▲ +2654.4pp YoY
ROIC
-22.10%
▼ -13.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$43M
▲ +110.8% YoY
Op. Cash Flow (TTM)
$67M
▲ +192.8% YoY
Net Debt
$503M
Cash & Equiv.
$46M
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