Tecogen Inc. (TGEN) Income Statement
TGEN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTGEN revenue and net income
Where TGEN's revenue goes
2025Each bar shows an amount and its share of revenue. TGEN kept −30.5% of revenue as net income.
TGEN profit margins
TGEN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +19.7% | +2.7% | −0.9% | +2.4% |
| Gross profit | −0.5% | −3.9% | −1.9% | +2.6% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TGEN quarterly EPS vs estimates
Tecogen beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: November 11, 2026 (estimate $-0.06).
TGEN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.1M | $22.6M | $25.1M | $25.0M | $24.4M | $28.3M | $33.4M | $35.9M | $33.2M | $24.5M |
| Cost of revenue | $17.2M | $12.7M | $14.9M | $13.9M | $12.8M | $17.4M | $20.9M | $22.3M | $20.2M | $15.2M |
| Gross profit | $9.8M | $9.9M | $10.2M | $11.1M | $11.6M | $10.8M | $12.5M | $13.6M | $13.0M | $9.3M |
| Research & development | $1.2M | $961,837 | $840,011 | $732,873 | $542,079 | $767,323 | $1.5M | $1.3M | $936,929 | $667,064 |
| Sales, general & admin | $15.8M | $13.2M | $13.8M | $12.7M | $12.3M | $12.9M | $13.1M | $13.4M | $11.8M | $9.6M |
| Total operating expenses | $17.0M | $14.4M | $14.6M | $13.4M | $12.8M | $16.8M | $17.1M | $19.1M | $12.7M | $10.3M |
| Operating income | −$7.1M | −$4.5M | −$4.4M | −$2.3M | −$1.2M | −$6.0M | −$4.7M | −$5.5M | $225,152 | −$997,451 |
| Interest income | $151,711 | — | — | — | — | $12,096 | $933 | $8,030 | $27,626 | $11,988 |
| Interest expense | $150,289 | $117,118 | $77,053 | $16,254 | $37,984 | $128,303 | $101,851 | $120,015 | $155,082 | $175,782 |
| Income before taxes | −$8.2M | −$4.7M | −$4.5M | −$2.4M | $3.8M | −$6.2M | −$4.8M | −$5.8M | $97,696 | −$1.2M |
| Income taxes | $20,615 | $22,565 | $32,491 | $16,352 | $19,491 | $30,171 | $15,194 | $32,748 | $0 | $0 |
| Net income | −$8.2M | −$4.8M | −$4.6M | −$2.4M | $3.7M | −$6.2M | −$4.7M | −$5.7M | $47,436 | −$1.1M |
| EBITDA | −$7.2M | −$3.8M | −$3.9M | −$1.9M | $4.3M | −$5.6M | −$4.2M | −$4.9M | $840,600 | −$721,458 |
| EPS (diluted) | −$0.26 | −$0.19 | −$0.13 | −$0.09 | $0.09 | −$0.23 | −$0.10 | −$0.23 | $0.00 | −$0.07 |
| Gross margin | 36.3% | 43.6% | 40.6% | 44.3% | 47.5% | 38.3% | 37.3% | 37.9% | 39.0% | 38.0% |
| Operating margin | −26.3% | −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% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.1M | $6.3M | $5.3M | $7.2M | $7.3M | $7.3M | $6.1M | $5.6M | $4.7M | $6.2M | $5.9M | $7.1M |
| Cost of revenue | $7.3M | $3.7M | $3.4M | $5.0M | $4.8M | $4.1M | $3.3M | $3.1M | $2.6M | $3.6M | $3.5M | $4.2M |
| Gross profit | $4.8M | $2.6M | $2.0M | $2.2M | $2.5M | $3.2M | $2.7M | $2.5M | $2.1M | $2.6M | $2.3M | $2.9M |
| Research & development | $684,047 | $363,823 | $307,426 | $297,926 | $268,724 | $292,668 | $226,843 | $233,809 | $246,489 | $254,696 | $214,320 | $160,033 |
| Sales, general & admin | $8.4M | $4.4M | $4.7M | $4.0M | $3.6M | $3.5M | $3.4M | $3.1M | $3.3M | $3.4M | $4.0M | $3.1M |
| Total operating expenses | $9.0M | $4.7M | $5.0M | $4.3M | $3.9M | $3.8M | $3.9M | $3.4M | $3.6M | $3.6M | $4.2M | $3.3M |
| Operating income | −$4.3M | −$2.1M | −$3.0M | −$2.1M | −$1.4M | −$594,244 | −$1.1M | −$873,223 | −$1.5M | −$1.0M | −$1.8M | −$368,294 |
| Interest expense | $73,489 | $34,244 | $38,697 | $182,071 | $38,153 | $32,326 | $42,271 | $23,003 | $17,869 | $18,670 | $31,862 | $6,357 |
| Income before taxes | −$4.3M | −$2.1M | −$4.0M | −$2.1M | −$1.5M | −$659,564 | −$1.2M | −$895,930 | −$1.5M | −$1.1M | −$1.8M | −$447,227 |
| Income taxes | $11,261 | $10,900 | — | $2,928 | $16,762 | $925 | $465 | — | $37 | $22,063 | $239 | — |
| Net income | −$4.3M | −$2.1M | −$4.0M | −$2.1M | −$1.5M | −$659,922 | −$1.2M | −$930,408 | −$1.5M | −$1.1M | −$1.8M | −$481,573 |
| EBITDA | −$3.9M | −$1.8M | −$3.7M | −$1.7M | −$1.2M | −$441,543 | −$789,789 | −$734,681 | −$1.4M | −$906,746 | −$1.7M | −$272,186 |
| EPS (diluted) | −$0.07 | −$0.07 | −$0.10 | −$0.07 | −$0.06 | −$0.03 | −$0.05 | −$0.04 | −$0.06 | −$0.04 | −$0.02 | −$0.02 |
| Gross margin | 39.4% | 40.9% | 36.8% | 30.4% | 33.8% | 44.3% | 45.0% | 44.1% | 44.0% | 41.6% | 39.8% | 41.1% |
| Operating margin | −35.5% | −33.7% | −56.9% | −29.2% | −19.4% | −8.2% | −18.7% | −15.5% | −31.2% | −17.0% | −30.8% | −5.2% |
| Net margin | −35.3% | −33.5% | −75.1% | −29.7% | −20.1% | −9.1% | −19.5% | −16.5% | −32.5% | −17.9% | −31.3% | −6.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TGEN's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TGEN financial results
In fiscal year 2025 (ended December 31, 2025), Tecogen reported revenue of $27.1 million, up 19.7% from the year before. It had a net loss of $8.2 million, a net profit margin of −30.5%. Diluted earnings per share came to −$0.26. Over five years revenue grew at an average rate of −0.9% a year.
See the TGEN stock overview for the latest quote and news, or the TGEN chart for price history and technical indicators.
TGEN income statement FAQ
What is Tecogen's annual revenue?
Tecogen reported total revenue of $27.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 19.7% from $22.6 million the previous year.
Is Tecogen profitable?
No. Tecogen reported a net loss of $8.2 million in fiscal 2025, a net profit margin of −30.5%; its operating margin was −26.3%.
What is Tecogen's gross margin?
Tecogen's gross margin was 36.3% in fiscal 2025: for every $100 of revenue, Tecogen kept $36 after the direct cost of its products and services.
How much does Tecogen spend on research and development?
Tecogen spent $1.2 million on research and development in fiscal 2025, 4.3% of revenue.
How fast is Tecogen growing?
Revenue grew −0.9% a year on average over the last five fiscal years, from $28.3 million to $27.1 million.
What are Tecogen's earnings per share?
Tecogen earned $-0.26 per diluted share in fiscal 2025, compared with $-0.19 a year earlier.
When will Tecogen report its next earnings?
Tecogen is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Tecogen's fiscal year end?
Tecogen's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.