TGEN · Tecogen Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.34M | - | $7.18M | $7.29M | $7.28M | - | $5.63M | $4.73M | $6.19M | - |
| Cost of Revenue | $3.75M | - | $5.00M | $4.83M | $4.06M | - | $3.15M | $2.65M | $3.61M | - |
| Gross Profit | $2.59M | - | $2.18M | $2.46M | $3.22M | - | $2.48M | $2.08M | $2.58M | - |
| R&D | $363.8K | - | $297.9K | $268.7K | $292.7K | - | $233.8K | $246.5K | $254.7K | - |
| SG&A | $3.72M | - | $3.41M | $3.09M | $2.93M | - | $2.68M | $2.90M | $2.85M | - |
| Total Operating Expenses | $4.73M | - | $4.28M | $3.87M | $3.82M | - | $3.29M | $3.61M | $3.63M | - |
| D&A | $265.2K | - | - | - | $185.7K | - | - | - | $140.1K | - |
| Operating Income | ($2.14M) | - | ($2.10M) | ($1.41M) | ($594.2K) | - | ($873.2K) | ($1.47M) | ($1.05M) | - |
| Interest Expense | $34.2K | - | $41.1K | $38.2K | $18.7K | - | $23.0K | $17.9K | $18.7K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($2.12M) | - | ($2.13M) | ($1.46M) | ($659.9K) | - | ($930.4K) | ($1.54M) | ($1.10M) | - |
| EPS - Basic | ($0.07) | - | ($0.07) | ($0.06) | ($0.03) | - | ($0.04) | ($0.06) | ($0.04) | - |
| EPS - Diluted | ($0.07) | - | ($0.07) | ($0.06) | ($0.03) | - | ($0.04) | ($0.06) | ($0.04) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.33M | $12.43M | $15.25M | $1.64M | $4.07M | $5.41M | $1.28M | $841.9K | $1.51M | $1.35M |
| Accounts Receivable | $5.06M | $4.28M | $6.22M | $6.64M | $5.85M | $6.03M | $5.45M | $5.36M | $6.53M | $6.74M |
| Inventory | $11.44M | $10.95M | $9.56M | $9.68M | $9.89M | $9.63M | $9.90M | $10.11M | $10.02M | $10.55M |
| Accounts Payable | $3.61M | $3.38M | $3.42M | $4.95M | $4.35M | $4.14M | $4.84M | $4.41M | $4.01M | $4.51M |
| Current Assets | $26.55M | $28.89M | $32.08M | $19.04M | $20.61M | $22.15M | $18.17M | $18.06M | $19.73M | $20.31M |
| Total Assets | $34.46M | $36.99M | $41.46M | $28.35M | $29.73M | $31.09M | $27.48M | $27.15M | $28.46M | $27.79M |
| Current Liabilities | $8.80M | $9.27M | $11.82M | $13.97M | $14.95M | $16.82M | $11.84M | $11.51M | $11.23M | $10.48M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $14.92M | $15.52M | $16.15M | $19.41M | $20.21M | $20.97M | $16.29M | $15.06M | $14.85M | $13.14M |
| Stockholders' Equity | $19.71M | $21.65M | $25.46M | $9.10M | $9.65M | $10.23M | $11.30M | $12.19M | $13.69M | $14.75M |
| Retained Earnings | ($58.01M) | ($55.89M) | ($51.89M) | ($49.76M) | ($48.30M) | ($47.64M) | ($46.45M) | ($45.52M) | ($43.98M) | ($42.88M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.11M) | - | - | - | ($1.17M) | - | - | - | $248.2K | - |
| Investing Cash Flow | $50.3K | - | - | - | ($164.9K) | - | - | - | ($71.9K) | - |
| Financing Cash Flow | ($39.9K) | - | - | - | ($128) | - | - | - | ($17.1K) | - |
| CapEx | $46.1K | - | - | - | $132.0K | - | - | - | $105.0K | - |
| Free Cash Flow | ($3.15M) | - | - | - | ($1.31M) | - | - | - | $143.3K | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.9% | - | 30.4% | 33.8% | 44.3% | - | 44.1% | 44.0% | 41.6% | - |
| Operating margin | -33.7% | - | -29.2% | -19.4% | -8.2% | - | -15.5% | -31.2% | -17.0% | - |
| EBITDA margin | -29.5% | - | - | - | -5.6% | - | - | - | -14.7% | - |
| Net margin | -33.5% | - | -29.7% | -20.1% | -9.1% | - | -16.5% | -32.5% | -17.9% | - |
| Free cash flow margin | -49.8% | - | - | - | -17.9% | - | - | - | 2.3% | - |
| FCF / Net income | 1.49 | - | - | - | 1.98 | - | - | - | -0.13 | - |
| R&D / Revenue | 5.7% | - | 4.1% | 3.7% | 4.0% | - | 4.2% | 5.2% | 4.1% | - |
| SG&A / Revenue | 58.7% | - | 47.5% | 42.4% | 40.2% | - | 47.6% | 61.3% | 46.0% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -6.2% | - | -5.1% | -5.2% | -2.2% | - | -3.4% | -5.7% | -3.9% | - |
| Return on equity | -10.8% | - | -8.4% | -16.1% | -6.8% | - | -8.2% | -12.6% | -8.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.02 | 3.12 | 2.71 | 1.36 | 1.38 | 1.32 | 1.53 | 1.57 | 1.76 | 1.94 |
| Quick ratio | 1.72 | 1.94 | 1.91 | 0.67 | 0.72 | 0.74 | 0.70 | 0.69 | 0.86 | 0.93 |
| Cash ratio | 1.06 | 1.34 | 1.29 | 0.12 | 0.27 | 0.32 | 0.11 | 0.07 | 0.13 | 0.13 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -62.4x | - | -51.1x | -37.0x | -31.8x | - | -38.0x | -82.5x | -56.2x | - |
| Equity multiplier | 1.75 | 1.71 | 1.63 | 3.12 | 3.08 | 3.04 | 2.43 | 2.23 | 2.08 | 1.88 |
| Liabilities / Assets | 0.43 | 0.42 | 0.39 | 0.68 | 0.68 | 0.67 | 0.59 | 0.55 | 0.52 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.17 | 0.26 | 0.24 | - | 0.20 | 0.17 | 0.22 | - |
| Inventory turnover | 0.33 | - | 0.52 | 0.50 | 0.41 | - | 0.32 | 0.26 | 0.36 | - |
| Days sales outstanding | 291d | - | 316d | 332d | 293d | - | 353d | 414d | 385d | - |
| Days inventory outstanding | 1115d | - | 698d | 731d | 890d | - | 1147d | 1394d | 1013d | - |
| Days payable outstanding | 352d | - | 249d | 374d | 391d | - | 561d | 607d | 406d | - |
| Cash conversion cycle | 1054d | - | 764d | 690d | 792d | - | 939d | 1201d | 993d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 3.9x | - | 10.0x | 18.9x | 5.8x | - | 1.8x | 1.5x | 1.3x | - |
| P / S | 12.1x | - | 35.3x | 23.5x | 7.6x | - | 3.7x | 4.0x | 2.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -12.9% | - | 27.6% | 54.3% | 17.6% | - | -20.8% | -29.9% | 15.0% | - |
| Revenue CAGR (3y) | 5.6% | - | 2.8% | 4.4% | -0.7% | - | 3.9% | -8.4% | 0.7% | - |
| Revenue CAGR (5y) | 0.9% | - | -0.0% | -0.4% | -1.8% | - | -6.6% | -11.0% | -5.4% | - |
| Gross profit growth (YoY) | -19.6% | - | -12.0% | 18.4% | 25.1% | - | -15.2% | -26.6% | 23.1% | - |
| Operating income growth (YoY) | -259.4% | - | -140.6% | 4.2% | 43.4% | - | -137.1% | -88.9% | 27.6% | - |
| Net income growth (YoY) | -221.3% | - | -129.0% | 4.9% | 40.3% | - | -93.2% | -97.3% | 25.8% | - |
| EPS growth (YoY) | -133.3% | - | -75.0% | 0.0% | 25.0% | - | -100.0% | -100.0% | 33.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -141.6% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 104.3% | 111.6% | 125.2% | -25.4% | -29.5% | -30.6% | -31.6% | -28.0% | -22.6% | -22.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$27.07M totalServices Segment$16.62M · 61.4%
Products Segment$9.13M · 33.7%
Energy Production$1.32M · 4.9%
Product / service
$54.15M totalInstallation Services$16.62M · 30.7%
Service$16.62M · 30.7%
Product$9.13M · 16.9%
Chiller$5.66M · 10.4%
Cogeneration$3.07M · 5.7%
Energy Production$1.32M · 2.4%
Energy Service$1.32M · 2.4%
Engineered Accessories$401.7K · 0.7%
Peer comparison
Same SIC group: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Comparing TECOGEN INC. against the 5 most active filers in the same SIC group.