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Financials · TGEN

Tecogen Inc. (TGEN) financials

For the twelve months ended Jun 30, 2026, Tecogen Inc. reported $24.58M of revenue and -$10.39M of net income.

Revenue, TTM
$24.58M
Revenue growth, YoY
-6.5%
Net income, TTM
-$10.39M
Net margin
-42.3%
Free cash flow, TTM
-$11.84M
EPS, diluted, TTM
-$0.35
Cash
$6.78M
P/S
2.17
Market cap
$53.3M
Annual revenue$27.07M
FY2016FY2025
Annual net income-$8.25M
FY2016FY2025
Annual free cash flow-$10.31M
FY2016FY2025

TGEN revenue and earnings growth

TGEN revenueQ2 2026$5.75M

Quarter YoY
-21.2%
QoQ
-9.3%
FY YoY
+19.7%
5Y CAGR
-0.9%
10Y CAGR
+2.4%

TGEN revenue was $5.75M in fiscal Q2 2026 (ended Jun 30, 2026), down 21.2% from a year earlier and down 9.3% from the prior quarter. For the full fiscal 2025 it was $27.07M, up 19.7% from fiscal 2024. Compound annual growth was -0.9% over 5 years and +2.4% over 10 years. It rose in 6 of the last 10 fiscal years.

TGEN net incomeQ2 2026-$2.15M

TGEN net income was -$2.15M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.46M a year earlier. For the full fiscal 2025 it was -$8.25M, compared with -$4.76M in fiscal 2024.

TGEN EPSQ2 2026-$0.07

TGEN diluted EPS was -$0.07 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.06 a year earlier. For the full fiscal 2025 it was -$0.30, compared with -$0.19 in fiscal 2024.

TGEN free cash flowQ2 2026-$2.43M

TGEN free cash flow was -$2.43M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.75M a year earlier. For the full fiscal 2025 it was -$10.31M, compared with $3.09M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$27.07M$22.62M$25.14M$25.00M$24.40M$28.25M$33.43M$35.88M$33.20M$24.49M
Cost of revenue$17.25M$12.75M$14.94M$13.94M$12.81M$17.43M$20.95M$22.29M$20.25M$15.19M
Gross profit$9.82M$9.87M$10.20M$11.07M$11.59M$10.83M$12.48M$13.59M$12.95M$9.30M
Research and development$1.17M$961.8K$840.0K$732.9K$542.1K$767.3K$1.46M$1.30M$936.9K$667.1K
Selling, general and admin$13.52M$11.36M$11.88M$10.91M$9.80M$10.31M$17.14M$19.13M$12.73M$10.30M
Operating income-$8.24M-$4.53M-$4.41M-$2.35M-$1.22M-$5.96M-$4.66M-$5.54M$225.2K-$997.5K
Interest expense$150.3K$90.3K$16.1K$16.3K$14.2K$125.8K$101.9K$120.0K$155.1K$175.8K
Pre-tax income-$8.23M-$4.65M-$4.49M-$2.38M$3.76M-$6.19M-$4.78M-$5.77M$97.7K-$1.16M
Income tax$20.6K$22.6K$32.5K$16.4K$19.5K$30.2K$15.2K$32.7K$0$0
Net income-$8.25M-$4.76M-$4.60M-$2.45M$3.70M-$6.15M-$4.71M-$5.71M$47.4K-$1.10M
EPS, basic-$0.30-$0.19-$0.19-$0.10$0.15-$0.25-$0.19-$0.23$0.00-$0.06
EPS, diluted-$0.30-$0.19-$0.19-$0.10$0.15-$0.25-$0.19-$0.23$0.00-$0.06
Diluted shares27.2M24.9M24.9M24.9M25.1M24.9M24.8M24.8M23.3M19.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$12.43M$5.41M$1.35M$1.91M$3.61M$1.49M$877.7K$272.6K$1.67M$3.72M
Receivables$4.28M$6.03M$6.74M$6.71M$8.48M$8.67M$14.57M$14.18M$9.54M$8.63M
Inventory$10.95M$9.63M$10.55M$10.48M$7.76M$7.17M$6.41M$6.29M$5.13M$4.77M
Current assets$28.89M$22.15M$20.31M$22.03M$24.97M$22.19M$27.91M$26.37M$21.66M$20.06M
Goodwill$1.25M$2.35M$2.74M$2.41M$2.41M$2.41M$5.28M$8.98M$13.37M$40.9K
Total assets$36.99M$31.09M$27.79M$28.25M$32.36M$30.07M$41.12M$49.90M$50.67M$23.74M
Current liabilities$9.27M$16.82M$10.48M$7.69M$8.78M$9.17M$13.45M$13.20M$8.71M$5.62M
Total debt$0$1.55M$505.5K$0------
Total liabilities$15.52M$20.97M$13.14M$9.27M$11.23M$12.81M$17.76M$21.87M$16.98M$9.23M
Shareholders' equity$21.65M$10.13M$14.65M$18.99M$21.13M$17.27M$23.35M$28.04M$33.70M$14.51M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$9.91M$4.06M-$817.8K-$1.35M$465.0K$1.41M-$4.48M-$3.86M-$591.3K-$2.72M
Capital expenditures$400.8K$969.2K$46.9K$314.9K$91.5K$60.0K$95.6K$828.1K$580.0K$139.7K
Free cash flow-$10.31M$3.09M-$864.7K-$1.67M$373.6K$1.35M-$4.58M-$4.69M-$1.17M-$2.86M
Investing cash flow-$464.1K-$1.01M-$244.9K-$348.6K-$215.1K-$217.8K$4.71M$1.28M$1.51M-$2.26M
Financing cash flow$17.40M$1.01M$500.0K$0$1.87M-$576.9K$382.9K$1.18M-$2.97M$3.21M
Stock-based compensation$348.0K$173.0K$250.4K$334.1K$202.4K$190.9K$163.5K$181.2K$183.8K$165.9K
Depreciation and amortization$877.7K$553.8K$567.7K$428.3K$469.9K$414.1K$437.1K$789.1K$587.8K$264.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY19.7%-10.0%0.5%2.5%-13.6%-15.5%-6.8%8.1%35.6%14.2%
Gross margin36.3%43.6%40.6%44.3%47.5%38.3%37.3%37.9%39.0%38.0%
Operating margin-30.5%-20.0%-17.6%-9.4%-5.0%-21.1%-13.9%-15.4%0.7%-4.1%
Net margin-30.5%-21.0%-18.3%-9.8%15.1%-21.8%-14.1%-15.9%0.1%-4.5%
Free cash flow margin-38.1%13.7%-3.4%-6.7%1.5%4.8%-13.7%-13.1%-3.5%-11.7%
Return on equity-38.1%-47.0%-31.4%-12.9%17.5%-35.6%-20.2%-20.4%0.1%-7.6%
Return on assets-22.3%-15.3%-16.5%-8.7%11.4%-20.5%-11.5%-11.4%0.1%-4.6%
Current ratio3.121.321.942.872.842.422.082.002.493.57
Debt to equity0.000.150.030.00------

Source: XBRL data Tecogen Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TGEN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TGEN$24.58M-6.5%-$10.39M-42.3%$53.3M
ASML€32.67B+15.6%€9.61B29.4%$583.23B
LRCX$26.13B+33.4%$8.45B32.3%$276.45B
TMO$47.35B+8.3%$7.07B14.9%$267.38B
DE$47.98B+8.0%$4.87B10.2%$186.39B
DHR$25.61B+5.5%$4.33B16.9%$165.41B
ETN$31.98B+20.1%$3.90B12.2%$139.59B
JCI$24.43B+5.1%$3.53B14.5%$85.71B
ITW$16.65B+4.8%$3.23B19.4%$81.49B

TGEN FAQ

9 questions
  • What is TGEN revenue?
    Tecogen Inc. (TGEN) reported $24.58M of revenue for the twelve months ended Jun 30, 2026. That is down 6.5% from the year before. Revenue for fiscal 2025 was $27.07M.
  • Is TGEN profitable?
    No. Tecogen Inc. reported a net loss of $10.39M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does TGEN have?
    Tecogen Inc. reported $6.78M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is TGEN revenue growing?
    Tecogen Inc.'s revenue changed +19.7% in fiscal 2025, to $27.07M. Its compound annual growth rate was -0.9% over 5 years and +2.4% over 10 years.
  • What is TGEN gross margin?
    Tecogen Inc.'s gross profit was $8.90M on $24.58M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 36.2%.
  • What is TGEN free cash flow?
    Tecogen Inc. generated -$11.84M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$11.60M less capital expenditures.
  • What is TGEN earnings per share?
    Diluted earnings per share were -$0.35 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TGEN last report financial results?
    The latest statements here come from Tecogen Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this TGEN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Tecogen Inc. files with the SEC. It is provided for information only and is not investment advice.