Turbo Energy (Nasdaq: TURB) doubles FY2025 revenue and boosts equity above Nasdaq minimum
Rhea-AI Filing Summary
Turbo Energy, S.A. filed its FY2025 Annual Report showing rapid growth and a shift toward AI-driven energy infrastructure. Revenue for 2025 reached $23.46 million, up about 107% from 2024. Operating loss narrowed sharply to $0.91 million, and net loss decreased to $1.36 million, reflecting better operating performance.
Early in 2026, the company raised about $5.0 million in gross proceeds through a Registered Direct Offering and its ATM program, lifting shareholders’ equity from roughly $1.88 million to about $6.48 million, above Nasdaq’s minimum equity requirement. Turbo Energy emphasized its strategic transition from traditional storage into an AI-driven intelligent energy infrastructure platform focused on software-defined energy management, advanced storage integration and commercial and industrial deployments, supported by new industrial contracts, partnerships, international expansion and technology protections.
Positive
- Strong revenue growth and margin improvement: FY2025 revenue reached $23.46 million, about 107% higher than 2024, while operating loss shrank to $0.91 million and net loss to $1.36 million, indicating faster scale with improving operating efficiency.
- Balance sheet and listing status strengthened: Approximately $5.0 million in new capital raised increased shareholders’ equity from about $1.88 million to roughly $6.48 million, placing equity above Nasdaq’s minimum stockholders’ equity requirement for continued listing.
- Large industrial contract and strategic repositioning: The company reported around $11.741 million of 2025 revenue from a broader $53 million industrial energy infrastructure contract totaling about 366 MWh of storage capacity, supporting its transition toward AI-driven intelligent energy infrastructure.
Negative
- None.
Insights
Turbo Energy combines fast growth, narrowing losses and balance-sheet repair.
Turbo Energy reported FY2025 revenue of $23.46 million, a 107% year-over-year increase, while cutting operating loss to $0.91 million and net loss to $1.36 million. This indicates strong top-line momentum with improving cost discipline, though the business remains loss-making.
In early 2026, the company raised about $5.0 million via a Registered Direct Offering and ATM issuances, lifting shareholders’ equity from roughly $1.88 million to about $6.48 million. That level clears Nasdaq’s minimum stockholders’ equity requirement, easing near-term listing risk.
Strategically, Turbo Energy is pivoting toward AI-driven intelligent energy infrastructure, highlighting a $53 million industrial contract covering about 366 MWh of storage capacity extending through 2026-2027. Future company disclosures may clarify execution progress on this contract, margins in industrial projects and whether revenue growth can continue while pushing toward profitability.
Key Figures
Key Terms
Registered Direct Offering financial
at-the-market program financial
AI-driven intelligent energy infrastructure platform technical
Energy-as-a-Service financial
Nasdaq’s minimum stockholders’ equity requirement regulatory
Form 20-F regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Turbo Energy (TURB) perform financially in FY2025?
How did Turbo Energy (TURB) strengthen its balance sheet and Nasdaq listing compliance?
What strategic transition is Turbo Energy (TURB) pursuing?
What major industrial projects support Turbo Energy’s (TURB) growth?
How is Turbo Energy (TURB) expanding internationally and through partnerships?
Where can investors find Turbo Energy’s (TURB) full FY2025 financial statements?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2026
Commission File Number: 001-41813
TURBO ENERGY, S.A.
(Name of Registrant)
Plaza de América 2, 4AB
Valencia, Spain 46004
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Issuance of Press Release
On May 18, 2026, Turbo Energy, S.A. (the “Company”) issued a press release announcing the filing of its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission (the “SEC”).
The press release highlighted the Company’s audited financial results for full year 2025, including revenue growth of approximately 107% year-over-year to approximately $23.46 million and significant improvement in operating performance compared to 2024.
The press release also discussed the strengthening of the Company’s financial position through approximately $5.0 million in aggregate gross proceeds raised through a Registered Direct Offering and issuances under its at-the-market program, which reinforced the Company’s balance sheet and increased shareholders’ equity to levels above Nasdaq’s minimum stockholders’ equity requirement for continued listing.
In addition, the press release discussed the Company’s continued strategic transition toward an AI-driven intelligent energy infrastructure platform focused on software-defined energy management, advanced storage integration and commercial and industrial (“C&I”) energy infrastructure deployments, together with recent operational milestones, industrial energy infrastructure projects, strategic partnerships and international expansion initiatives.
A copy of the press release is attached hereto as Exhibit 99.1.
Exhibit 99.1 to this Report on Form 6-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
This Report on Form 6-K is incorporated by reference into the prospectus contained in the Company’s registration statement on Form F-3 (SEC File No. 333-291470) declared effective by the Securities and Exchange Commission on December 16, 2025.
Exhibit Index
| EXHIBIT NO. |
DESCRIPTION | |
| 99.1 | Press Release titled “Turbo Energy Files FY2025 Annual Report Highlighting 107% Revenue Growth and Strategic Transition to AI-Driven Energy Infrastructure,” dated May 18, 2026 |
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TURBO ENERGY, S.A. | ||
| Date: May 18, 2026 | By: | /s/ Mariano Soria |
| Mariano Soria | ||
| Chief Executive Officer | ||
2
Exhibit 99.1
TURBO ENERGY FILES FY2025 ANNUAL REPORT HIGHLIGHTING 107% REVENUE GROWTH AND STRATEGIC TRANSITION TO AI-DRIVEN ENERGY INFRASTRUCTURE
Company reports significant improvement in operating performance, strengthens its financial position through approximately $5.0 million in capital raises and accelerates expansion across intelligent industrial energy infrastructure
VALENCIA, Spain — (GLOBE NEWSWIRE) – May 18, 2026 – Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global integrator of AI-driven solar energy storage solutions and intelligent energy management systems, today announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission (“SEC”).
Turbo Energy reported full year 2025 revenue of $23.46 million, representing year-over-year growth of 107% compared to 2024. The Company also reported a significant improvement in operating performance, with operating loss decreasing to $0.91 million compared to $4.11 million in the prior year, while net loss decreased to $1.36 million compared to $3.45 million in 2024.
During early 2026, Turbo Energy further strengthened its financial position through approximately $5.0 million in aggregate gross proceeds raised through a Registered Direct Offering (“RDO”) and issuances under its “at-the-market” (“ATM”) program. These transactions significantly reinforced the Company’s balance sheet and increased shareholders’ equity by approximately $4.6 million, from approximately $1.88 million¹ in 2025 to approximately $6.48 million in 2026, positioning the Company well above Nasdaq’s minimum stockholders’ equity requirement for continued listing.
2025 marked a decisive operational and strategic inflection point for Turbo Energy, as the Company accelerated its transition from a traditional energy storage provider into an AI-driven intelligent energy infrastructure platform focused on software-defined energy management, advanced storage integration and high-value commercial and industrial (“C&I”) deployments.
Throughout 2025, Turbo Energy continued expanding its positioning as a technology integrator capable of combining solar generation, advanced battery storage and proprietary AI-driven optimization software into intelligent, adaptive energy systems designed to improve efficiency, reduce energy costs and strengthen operational resilience.
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“2025 represented a transformational year for Turbo Energy,” said Mariano Soria, Chief Executive Officer of Turbo Energy. “We have spent the last several years building the technological foundation, integration capabilities and operational expertise necessary to participate in this next phase of the global energy transition. Today, Turbo Energy is increasingly positioned not simply as a storage company, but as a technology-driven energy platform focused on intelligence, optimization and real-world industrial execution.”
During 2025 and early 2026, Turbo Energy strengthened its strategic positioning through multiple operational milestones and international expansion initiatives, including:
| ● | Advancement of the Company’s international C&I pipeline through large-scale industrial storage and hybrid energy infrastructure projects; | |
| ● | Strategic partnership with Hithium, a tier 1 global battery storage provider, to integrate Turbo Energy’s AI-driven optimization software into battery storage systems across Europe and Latin America; | |
| ● | Continued expansion into industrial electrification, intelligent storage and energy optimization projects designed to improve resilience, reduce exposure to energy price volatility and support operational efficiency for energy-intensive industries; | |
| ● | Expansion into mission-critical defense and energy security applications through deployment of AI-driven energy storage systems in international military operations; | |
| ● | Strengthening of the Company’s financial structure through approximately €4.87 million in long-term bank financing restructuring agreements with major Spanish financial institutions; | |
| ● | Continued development and protection of proprietary technologies and AI-driven optimization capabilities, including new U.S. patent protection supporting the Company’s intelligent energy management platform strategy. | |
| ● | Expansion into Latin America through the launch of Turbo Energy Solutions (“TES”), focused on integrated energy infrastructure and Energy-as-a-Service (“EaaS”) deployments in Chile; | |
| ● | Expansion into the United States following UL certification and commercialization initiatives across key U.S. residential solar markets; |
During 2025, Turbo Energy accelerated its expansion across large-scale industrial electrification and intelligent energy infrastructure projects, particularly among electro-intensive industrial operators in Spain’s ceramics sector, where the Company generated approximately $11.741 million in revenue associated with industrial energy storage and optimization deployments. These revenues form part of a broader $53 million industrial energy infrastructure contract representing approximately 366 MWh of deployed and scheduled storage capacity across multiple industrial facilities in Spain for a leading industrial group, with project execution extending through 2026 and 2027.
The Company believes its strategic transition positions Turbo Energy to benefit from multiple long-term structural trends, including accelerating electrification, increasing deployment of distributed energy infrastructure, rising demand for industrial resilience, growing energy market volatility and the integration of Artificial Intelligence into next-generation energy management systems.
The Company’s Annual Report on Form 20-F for the year ended December 31, 2025 has been filed with the SEC and is available on the SEC’s website at www.sec.gov and on the Company’s investor relations website at www.turbo-e.com.
¹ Calculated based on the Federal Reserve exchange rate as of December 31, 2025.
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About Turbo Energy, S.A.
Founded in 2013, Turbo Energy, S.A. (Nasdaq: TURB) is a global integrator of AI-driven solar energy storage solutions and intelligent energy management systems. Turbo Energy’s technology platform enables residential, commercial and industrial customers to reduce energy costs, improve efficiency, enhance resilience and transform energy consumption into a controllable and optimized asset. As part of Umbrella Global Energy, Turbo Energy plays a central role as the Group’s technology platform, driving innovation in energy storage, electrification and intelligent energy management across international markets in Europe, North America and Latin America. For more information, please visit www.turbo-e.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control, including the risks described in the Company’s registration statements and annual report under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, please contact:
Dodi Handy, Director of Communications
Phone: 407-960-4636
Email: dodihandy@turbo-e.com
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