GE Vernova income statement

In fiscal 2025, GE Vernova reported revenue of $38.07bn, up 9.0% on the year before, operating income of $1.39bn (a 3.6% margin) and net income of $4.88bn, or $17.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

GE Vernova: income statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	29.7	33.2	34.9	38.1	44.0
Cost of revenue	26.2	28.4	28.9	30.5	34.5
Gross profit	3.5	4.8	6.1	7.5	9.6
Research and development	1.0	0.9	1.0	1.2	1.4
Selling, general and administrative	5.4	4.8	4.6	4.9	5.4
Operating income	−2.9	−0.9	0.5	1.4	2.8
Income before tax	−2.5	−0.1	2.5	2.8	8.9
Income tax	0.2	0.3	0.9	−2.1	−1.4
Net income	−2.7	−0.4	1.6	4.9	10.4
Diluted EPS	−$10.00	−$1.60	$5.58	$17.69	$38.26
Diluted shares (average)	274m	274m	278m	276m	271m
EBITDA	−2.1	−0.2	1.4	2.0	3.5

US$ billions unless shown otherwise. Fiscal quarters.

GE Vernova: income statement, 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
Revenue	10.6	8.0	9.1	10.0	11.0	9.3	11.1	12.6
Cost of revenue	8.4	6.6	7.3	8.1	8.6	7.6	8.7	9.5
Gross profit	2.1	1.5	1.8	1.9	2.3	1.8	2.4	3.1
Research and development	0.3	0.2	0.3	0.3	0.4	0.3	0.3	0.4
Selling, general and administrative	1.3	1.2	1.2	1.2	1.4	1.3	1.4	1.4
Operating income	0.6	0.0	0.4	0.4	0.6	0.2	0.7	1.4
Income before tax	1.1	0.3	0.6	0.7	1.1	5.1	0.9	1.8
Income tax	0.6	0.1	0.2	0.3	−2.6	0.4	0.3	0.5
Net income	0.5	0.3	0.5	0.5	3.7	4.7	0.7	1.3
Diluted EPS	$1.73	$0.91	$1.86	$1.64	$13.28	$17.44	$2.47	$4.81
EBITDA	0.8	0.2	0.5	0.5	0.8	0.3	0.8	1.6

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.