Tecogen Inc. income statement
In fiscal 2025, Tecogen Inc. reported revenue of $27.1m, up 19.7% on the year before, operating income of −$8.2m (a -30.5% margin) and net income of −$8.2m, or −$0.30 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
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 15 | 16 | 19 | 21 | 24 | 33 | 36 | 33 | 28 | 24 | 25 | 25 | 23 | 27 | 25 |
| Cost of revenue | 6 | 9 | 11 | 13 | 14 | 15 | 20 | 22 | 21 | 17 | 13 | 14 | 15 | 13 | 17 | 16 |
| Gross profit | 5 | 6 | 5 | 6 | 8 | 9 | 13 | 14 | 12 | 11 | 12 | 11 | 10 | 10 | 10 | 9 |
| Research and development | — | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Selling, general and administrative | 7 | 8 | 9 | 10 | 10 | 10 | 13 | 19 | 17 | 17 | — | — | — | — | — | — |
| General and administrative | — | — | — | — | — | — | — | — | — | — | 10 | 11 | 12 | 11 | 14 | 15 |
| Operating income | −2 | −2 | −4 | −4 | −3 | −1 | 0 | −6 | −5 | −6 | −1 | −2 | −4 | −5 | −8 | −11 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net interest income | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | — | — | — | — | — | — |
| Income before tax | −2 | −2 | −4 | −4 | −3 | −1 | 0 | −6 | −5 | −6 | 4 | −2 | −4 | −5 | −8 | −10 |
| Income tax | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net income | −2 | −2 | −3 | −4 | −3 | −1 | 0 | −6 | −5 | −6 | 4 | −2 | −5 | −5 | −8 | −10 |
| Diluted EPS | −$0.03 | −$0.12 | −$0.26 | −$0.24 | −$0.16 | −$0.06 | $0.00 | −$0.23 | −$0.19 | −$0.25 | $0.15 | −$0.10 | −$0.19 | −$0.19 | −$0.30 | −$0.35 |
| Diluted shares (average) | 48m | 13m | 13m | 16m | 17m | 19m | 23m | 25m | 25m | 25m | 25m | 25m | 25m | 25m | 27m | 30m |
| EBITDA | −2 | −2 | −3 | −3 | −2 | −1 | 1 | −5 | −4 | −6 | −1 | −2 | −4 | −4 | −7 | −9 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,630 | 6,076 | 7,278 | 7,295 | 7,183 | 5,318 | 6,336 | 5,746 |
| Cost of revenue | 3,149 | 3,341 | 4,057 | 4,832 | 5,000 | 3,361 | 3,746 | 3,572 |
| Gross profit | 2,481 | 2,734 | 3,221 | 2,462 | 2,184 | 1,957 | 2,590 | 2,174 |
| Research and development | 234 | 227 | 293 | 269 | 298 | 307 | 364 | 320 |
| General and administrative | 2,682 | 2,928 | 2,928 | 3,091 | 3,412 | 4,091 | 3,718 | 3,511 |
| Operating income | −873 | −1,137 | −594 | −1,412 | −2,101 | −4,138 | −2,136 | −2,150 |
| Interest expense | 23 | 31 | 32 | 38 | 41 | 39 | 34 | 39 |
| Income before tax | −896 | −1,179 | −660 | −1,456 | −2,116 | −3,997 | −2,108 | −2,143 |
| Net income | −930 | −1,186 | −660 | −1,464 | −2,131 | −3,994 | −2,121 | −2,149 |
| Diluted EPS | −$0.04 | −$0.05 | −$0.03 | −$0.06 | −$0.07 | −$0.14 | −$0.07 | −$0.07 |
| EBITDA | −735 | −1,003 | −409 | −1,206 | −1,871 | −3,882 | −1,871 | −1,872 |
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