Restructuring charges, net

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Note 17. Restructuring charges, net

Restructuring charges, net for the years ended December 31 were as follows:


	Year Ended December 31, 2025
	U.S.		Mexico		India		Total
	(in thousands)
Severance	$	215	$	485	$	1,640	$	2,340
Other restructuring costs		23,175		—		70		23,245
Total restructuring charges, net	$	23,390	$	485	$	1,710	$	25,585


	Year Ended December 31, 2024
	U.S.		Mexico		India		Total
	(in thousands)
Severance	$	—	$	1,268	$	51	$	1,319
Other restructuring costs		—		—		—		—
Total restructuring charges, net	$	—	$	1,268	$	51	$	1,319


	Year Ended December 31, 2023
	U.S.			Mexico		India		Total
	(in thousands)
Severance	$	—		$	66	$	—	$	66
Other restructuring costs		(26	)		—		—		(26	)
Total restructuring charges, net	$	(26	)	$	66	$	—	$	40

The following is a summary of our restructuring liability activity for the periods presented:


	U.S.			Mexico			India			Total
	(in thousands)
Balance at December 31, 2022	$	457		$	—		$	—		$	457
Restructuring charges, net		(26	)		66			—			40
Payments		(431	)		(66	)		—			(497	)
Balance at December 31, 2023		—			—			—			—
Restructuring charges, net		—			1,268			51			1,319
Payments		—			(1,268	)		(51	)		(1,319	)
Balance at December 31, 2024		—			—			—			—
Restructuring charges, net		23,390			485			1,710			25,585
Payments		(23,390	)		(485	)		—			(23,875	)
Balance at December 31, 2025	$	—		$	—		$	1,710		$	1,710

For the year ended December 31, 2025, restructuring charges, net includes $23.2 million of professional fees related to our debt restructuring efforts prior to the filing of the Chapter 11 Cases.

TPI COMPOSITES, INC 10-K