Tecogen Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	27.83	22.62	25.14	25	24.4	28.25
Revenue Growth (YoY)	24.01%	-10.02%	0.55%	2.48%	-13.65%	-15.47%
Cost of Revenue	17.23	12.75	14.94	13.94	12.81	17.43
Gross Profit	10.6	9.87	10.2	11.07	11.59	10.83
Selling, General & Admin	14.54	13.24	13.81	12.72	12.27	12.9
Research & Development	1.09	0.96	0.84	0.73	0.54	0.77
Operating Expenses	15.63	14.2	14.65	13.45	12.81	13.67
Operating Income	-5.03	-4.33	-4.45	-2.39	-1.22	-2.84
Interest Expense	-0.14	-0.09	-0.02	-0.02	-0.01	-0.13
Other Non Operating Income (Expenses)	0.05	-0.03	-0.06	-0.03	-0.02	-0
EBT Excluding Unusual Items	-5.12	-4.45	-4.53	-2.44	-1.26	-2.97
Impairment of Goodwill	-0.22	-0.22	-	-	-	-2.88
Gain (Loss) on Sale of Investments	-0.07	-	-	0.02	-0.03	-0.1
Gain (Loss) on Sale of Assets	0	0.01	0.04	0.04	0.01	0.01
Asset Writedown	-	-	-	-0	-0.01	-0.25
Other Unusual Items	-	-	-	-	5.05	-
Pretax Income	-5.41	-4.65	-4.49	-2.38	3.76	-6.19
Income Tax Expense	0.02	0.02	0.03	0.02	0.02	0.03
Earnings From Continuing Operations	-5.43	-4.67	-4.52	-2.4	3.74	-6.22
Minority Interest in Earnings	-0.01	-0.09	-0.07	-0.05	-0.05	0.07
Net Income	-5.44	-4.76	-4.6	-2.45	3.7	-6.15
Net Income to Common	-5.44	-4.76	-4.6	-2.45	3.7	-6.15
Shares Outstanding (Basic)	26	25	25	25	25	25
Shares Outstanding (Diluted)	26	25	25	25	25	25
Shares Change (YoY)	4.58%	0.04%	-	-1.06%	1.07%	0.04%
EPS (Basic)	-0.21	-0.19	-0.19	-0.10	0.15	-0.25
EPS (Diluted)	-0.21	-0.19	-0.19	-0.10	0.15	-0.25
Free Cash Flow	-3.64	3.09	-0.86	-1.67	0.37	1.35
Free Cash Flow Per Share	-0.14	0.12	-0.04	-0.07	0.01	0.05
Gross Margin	38.09%	43.64%	40.58%	44.26%	47.49%	38.32%
Operating Margin	-18.07%	-19.14%	-17.70%	-9.54%	-5.01%	-10.07%
Profit Margin	-19.55%	-21.04%	-18.29%	-9.79%	15.15%	-21.77%
Free Cash Flow Margin	-13.09%	13.67%	-3.44%	-6.67%	1.53%	4.77%
EBITDA	-4.27	-3.78	-3.88	-1.96	-0.75	-2.43
EBITDA Margin	-15.35%	-16.69%	-15.44%	-7.83%	-3.08%	-8.60%
D&A For EBITDA	0.76	0.55	0.57	0.43	0.47	0.41
EBIT	-5.03	-4.33	-4.45	-2.39	-1.22	-2.84
EBIT Margin	-18.07%	-19.14%	-17.70%	-9.54%	-5.01%	-10.07%
Effective Tax Rate	-	-	-	-	0.52%	-
Revenue as Reported	27.83	22.62	25.14	25	24.4	28.25
Advertising Expenses	-	0.07	0.08	0.05	0.05	0.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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