---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-003084"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:25:18.973763+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TPI Composites Q1: sales up 14%, net loss $48.3M, cuts FY EBITDA margin guidance, launches strategic review

## Summary
- Net sales $336.2M (+14.3% YoY); net loss $48.3M improved from $60.9M loss in Q1 2024.
- Adjusted EBITDA loss $10.3M vs $23.0M loss last year; FY 2025 adj EBITDA margin guidance cut to 0%-2% from 2%-4%.
- Initiated strategic review of business to optimize capital structure; no timetable set.
- Ended Q1 with $171.9M cash; operating cash flow $4.6M; received Nasdaq minimum bid non-compliance notice.
- Utilization at 70% (guidance 80-85%); six lines in startup/transition; Newton, IA restart in Q2.

## SEC filing metadata
- accession: 0001171843-25-003084
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455684/000117184325003084/0001171843-25-003084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184325003084/f8k_051225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-003084
- JSON: https://secwatch.observer/filing/0001171843-25-003084.json
- Plain text: https://secwatch.observer/filing/0001171843-25-003084.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.