GE Vernova balance sheet

At the end of fiscal 2025, GE Vernova had total assets of $63.02bn, total liabilities of $50.72bn and shareholders' equity of $11.18bn. It held $8.85bn in cash against $352m of debt: net cash of $8.50bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

GE Vernova: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	2.1	1.6	8.2	8.8	16.8
Receivables	—	—	8.2	9.8	11.6
Inventory	—	8.3	8.6	10.4	13.0
Total current assets	—	27.4	34.2	40.2	51.7
Goodwill	4.2	4.4	4.3	4.4	9.6
Total assets	—	46.1	51.5	63.0	86.2
Deferred revenue (current)	—	15.1	17.6	25.8	45.7
Total current liabilities	—	29.3	31.7	41.0	62.5
Short-term debt	—	0.1	0.1	0.1	—
Long-term debt	—	—	—	0.3	2.8
Total debt	0.0	0.1	0.1	0.4	2.8
Total liabilities	—	37.7	40.9	50.7	73.7
Shareholders' equity	11.6	7.4	9.5	11.2	11.4
Non-controlling interests and other (assets − liabilities − equity)	—	1.0	1.0	—	—
Net debt (negative = net cash)	−2.1	−1.4	−8.1	−8.5	−13.9
Shares outstanding	—	—	276m	270m	265m

US$ billions unless shown otherwise. Fiscal quarters.

GE Vernova: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	8.2	7.1	6.9	7.4	9.8	9.6	11.1	11.6
Inventory	8.6	9.2	9.8	10.0	10.4	11.9	12.7	13.0
Total current assets	34.2	33.9	34.7	36.3	40.2	43.0	47.4	51.7
Goodwill	4.3	4.4	4.5	4.3	4.4	9.9	9.7	9.6
Total assets	51.5	51.6	53.1	54.4	63.0	75.6	80.8	86.2
Deferred revenue (current)	17.6	18.7	19.6	20.2	25.8	31.8	39.9	45.7
Total current liabilities	31.7	32.7	33.8	35.3	41.0	48.1	55.8	62.5
Short-term debt	0.1	—	—	—	0.1	—	—	—
Long-term debt	—	—	—	—	0.3	2.8	2.8	2.8
Total debt	0.1	—	—	—	0.3	2.8	2.8	2.8
Total liabilities	40.9	41.9	43.1	44.7	50.7	60.5	67.7	73.7
Shareholders' equity	9.5	8.6	8.9	8.6	11.2	13.9	12.0	11.4
Non-controlling interests and other (assets − liabilities − equity)	1.0	1.1	1.1	—	—	—	—	—
Shares outstanding	276m	273m	272m	271m	270m	269m	266m	265m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from GE Vernova's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to GE Vernova.