NYSEAMERICAN : TGEN
Tecogen Inc. — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 2.23 USD (Oct 30, 2026, 10:11 AM EDT) · Market cap 67.32M
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Financial statements
Tecogen Inc. (TGEN) reported revenue of 24.58M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 24.58M | 27.07M | 22.62M | 25.14M | 25.00M | 24.40M |
| Cost of Revenue | 15.68M | 17.25M | 12.75M | 14.94M | 13.94M | 12.81M |
| Gross Profit | 8.90M | 9.82M | 9.87M | 10.20M | 11.07M | 11.59M |
| Selling, General & Admin | 17.02M | 15.79M | 13.24M | 13.81M | 12.72M | 12.27M |
| Research & Development | 1.29M | 1.17M | 961.84K | 840.01K | 732.87K | 542.08K |
| Operating Expenses | 18.31M | 16.96M | 14.20M | 14.65M | 13.45M | 12.81M |
| Operating Income | -9.41M | -7.13M | -4.33M | -4.45M | -2.39M | -1.22M |
| Interest Expense | -153.30K | -150.29K | -90.30K | -16.05K | -16.25K | -14.24K |
| Other Non Operating Income (Expenses) | 262.33K | 151.71K | -26.81K | -61.00K | -34.71K | -23.75K |
| EBT Excluding Unusual Items | -9.30M | -7.13M | -4.45M | -4.53M | -2.44M | -1.26M |
| Impairment of Goodwill | -1.10M | -1.10M | -217.29K | |||
| Gain (Loss) on Sale of Investments | 52.18K | 14.68K | 18.75K | -31.45K | ||
| Gain (Loss) on Sale of Assets | -5.76K | -183.00 | 12.18K | 36.21K | 41.93K | 10.49K |
| Asset Writedown | -15.01K | -15.01K | -4.67K | -7.40K | ||
| Other Unusual Items | 5.05M | |||||
| Pretax Income | -10.36M | -8.23M | -4.65M | -4.49M | -2.38M | 3.76M |
| Income Tax Expense | 14.19K | 20.61K | 22.57K | 32.49K | 16.35K | 19.49K |
| Earnings From Continuing Operations | -10.38M | -8.25M | -4.67M | -4.52M | -2.40M | 3.74M |
| Minority Interest in Earnings | -16.13K | 588.00 | -86.47K | -74.95K | -50.22K | -45.02K |
| Net Income | -10.39M | -8.25M | -4.76M | -4.60M | -2.45M | 3.70M |
| Net Income to Common | -10.39M | -8.25M | -4.76M | -4.60M | -2.45M | 3.70M |
| Shares Outstanding (Basic) | 29.65M | 27.23M | 24.86M | 24.85M | 24.85M | 24.85M |
| Shares Outstanding (Diluted) | 29.65M | 27.23M | 24.86M | 24.85M | 24.85M | 25.12M |
| EPS (Basic) | -0.35 | -0.30 | -0.19 | -0.19 | -0.10 | 0.15 |
| EPS (Diluted) | -0.35 | -0.30 | -0.19 | -0.19 | -0.10 | 0.15 |
| Free Cash Flow | -11.84M | -10.31M | 3.09M | -864.66K | -1.67M | 373.58K |
| Free Cash Flow Per Share | -0.40 | -0.38 | 0.12 | -0.04 | -0.07 | 0.01 |
| Gross Margin | 36.22% | 36.29% | 43.64% | 40.58% | 44.26% | 47.49% |
| Operating Margin | -38.26% | -26.34% | -19.14% | -17.70% | -9.54% | -5.01% |
| Profit Margin | -42.28% | -30.47% | -21.04% | -18.29% | -9.79% | 15.15% |
| Free Cash Flow Margin | -48.16% | -38.09% | 13.67% | -3.44% | -6.67% | 1.53% |
| EBITDA | -8.50M | -6.25M | -3.78M | -3.88M | -1.96M | -752.32K |
| EBITDA Margin | -34.58% | -23.10% | -16.69% | -15.44% | -7.83% | -3.08% |
| D&A For EBITDA | 905.62K | 877.67K | 553.78K | 567.71K | 428.35K | 469.85K |
| EBIT | -9.41M | -7.13M | -4.33M | -4.45M | -2.39M | -1.22M |
| EBIT Margin | -38.26% | -26.34% | -19.14% | -17.70% | -9.54% | -5.01% |
| Effective Tax Rate | 0.52% | |||||
| Revenue as Reported | 24.58M | 27.07M | 22.62M | 25.14M | 25.00M | 24.40M |
| Advertising Expenses | 131.00K | 74.00K | 80.00K | 51.00K | 47.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.78M | 12.43M | 5.41M | 1.35M | 1.91M | 3.61M |
| Cash & Short-Term Investments | 6.78M | 12.43M | 5.41M | 1.35M | 1.91M | 3.61M |
| Accounts Receivable | 4.34M | 4.42M | 6.43M | 7.99M | 8.52M | 11.74M |
| Other Receivables | 46.15K | 713.27K | 1.28M | |||
| Receivables | 4.34M | 4.42M | 6.43M | 8.04M | 9.23M | 13.02M |
| Inventory | 12.03M | 10.95M | 9.63M | 10.55M | 10.48M | 7.76M |
| Prepaid Expenses | 874.63K | 1.09M | 680.57K | 360.64K | 401.19K | 578.80K |
| Total Current Assets | 24.02M | 28.89M | 22.15M | 20.31M | 22.03M | 24.97M |
| Property, Plant & Equipment | 4.29M | 4.53M | 3.92M | 2.11M | 2.65M | 3.65M |
| Goodwill | 1.25M | 1.25M | 2.35M | 2.74M | 2.41M | 2.41M |
| Other Intangible Assets | 1.97M | 2.15M | 2.51M | 2.44M | 997.59K | 1.18M |
| Other Long-Term Assets | 79.06K | 176.36K | 166.47K | 201.77K | 165.23K | 148.14K |
| Total Assets | 31.60M | 36.99M | 31.09M | 27.79M | 28.25M | 32.36M |
| Accounts Payable | 3.07M | 3.38M | 4.14M | 4.51M | 3.26M | 3.51M |
| Accrued Expenses | 2.69M | 2.63M | 2.77M | 2.36M | 2.25M | 2.18M |
| Short-Term Debt | 1.55M | 505.50K | ||||
| Current Portion of Leases | 810.93K | 818.91K | 516.03K | 289.47K | 687.59K | 641.00K |
| Current Unearned Revenue | 967.60K | 1.53M | 6.70M | 1.65M | 1.12M | 1.96M |
| Other Current Liabilities | 674.42K | 904.60K | 1.14M | 1.16M | 374.50K | 494.83K |
| Total Current Liabilities | 8.21M | 9.27M | 16.82M | 10.48M | 7.69M | 8.78M |
| Long-Term Leases | 1.81M | 2.00M | 1.67M | 683.31K | 623.45K | 1.32M |
| Long-Term Unearned Revenue | 3.21M | 3.27M | 1.17M | 369.61K | 371.82K | 208.46K |
| Other Long-Term Liabilities | 827.73K | 987.66K | 1.32M | 1.60M | 583.51K | 929.47K |
| Total Liabilities | 14.05M | 15.52M | 20.97M | 13.14M | 9.27M | 11.23M |
| Common Stock | 30.18K | 29.85K | 24.95K | 24.85K | 24.85K | 24.85K |
| Additional Paid-In Capital | 79.80M | 78.22M | 57.85M | 57.60M | 57.35M | 57.02M |
| Retained Earnings | -60.16M | -55.89M | -47.64M | -42.88M | -38.28M | -35.83M |
| Comprehensive Income & Other | -1.96M | -712.02K | ||||
| Total Common Equity | 17.72M | 21.65M | 10.23M | 14.75M | 19.09M | 21.21M |
| Minority Interest | -165.93K | -173.03K | -104.81K | -94.30K | -106.56K | -79.94K |
| Shareholders' Equity | 17.55M | 21.47M | 10.13M | 14.65M | 18.99M | 21.13M |
| Total Liabilities & Equity | 31.60M | 36.99M | 31.09M | 27.79M | 28.25M | 32.36M |
| Total Debt | 2.62M | 2.82M | 3.73M | 1.48M | 1.31M | 1.96M |
| Net Cash (Debt) | 4.17M | 9.61M | 1.67M | -127.02K | 602.93K | 1.66M |
| Net Cash Per Share | 0.14 | 0.35 | 0.07 | -0.01 | 0.02 | 0.07 |
| Filing Date Shares Outstanding | 30.19M | 29.86M | 24.99M | 24.85M | 24.85M | 24.85M |
| Total Common Shares Outstanding | 30.18M | 29.85M | 24.95M | 24.85M | 24.85M | 24.85M |
| Working Capital | 15.81M | 19.62M | 5.33M | 9.82M | 14.34M | 16.19M |
| Book Value Per Share | 0.59 | 0.73 | 0.41 | 0.59 | 0.77 | 0.85 |
| Tangible Book Value | 14.50M | 18.25M | 5.37M | 9.57M | 15.69M | 17.62M |
| Tangible Book Value Per Share | 0.48 | 0.61 | 0.22 | 0.38 | 0.63 | 0.71 |
| Machinery | 4.35M | 4.39M | 4.63M | 4.77M | 4.63M | 5.21M |
| Leasehold Improvements | 1.20M | 1.17M | 906.74K | 466.79K | 466.79K | 466.79K |
| Order Backlog | 2.52M | 12.34M | 7.39M | 6.72M | 11.32M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.39M | -8.25M | -4.76M | -4.60M | -2.45M | 3.70M |
| Depreciation & Amortization | 1.03M | 877.67K | 553.78K | 567.71K | 428.35K | 469.85K |
| Loss (Gain) From Sale of Assets | 5.76K | 183.00 | -12.18K | -36.21K | -41.93K | -10.49K |
| Asset Writedown & Restructuring Costs | 1.11M | 1.11M | 217.29K | 4.67K | 7.40K | |
| Loss (Gain) From Sale of Investments | -33.43K | -14.68K | -18.75K | 31.45K | ||
| Stock-Based Compensation | 541.97K | 348.03K | 172.99K | 250.39K | 334.15K | 202.43K |
| Provision & Write-off of Bad Debts | 194.56K | 62.96K | 146.01K | 902.43K | -70.99K | 131.21K |
| Other Operating Activities | 136.56K | 153.38K | 202.02K | 483.34K | 307.21K | -5.00M |
| Change in Accounts Receivable | 2.24M | 1.94M | 1.47M | -24.20K | 3.85M | 1.07M |
| Change in Inventory | -2.46M | -1.43M | 848.88K | -82.53K | -2.82M | -596.39K |
| Change in Accounts Payable | -1.88M | -761.13K | -371.74K | 1.16M | -246.40K | -674.75K |
| Change in Unearned Revenue | -1.50M | -3.07M | 5.85M | 543.84K | -678.76K | 756.72K |
| Change in Other Net Operating Assets | -595.04K | -889.53K | -255.11K | 14.10K | 48.41K | 388.94K |
| Operating Cash Flow | -11.60M | -9.91M | 4.06M | -817.81K | -1.35M | 465.03K |
| Capital Expenditures | -242.18K | -400.78K | -969.16K | -46.85K | -314.88K | -91.45K |
| Sale of Property, Plant & Equipment | 8.72K | 4.29K | 51.40K | 34.66K | 72.66K | 10.49K |
| Cash Acquisitions | -170.00K | |||||
| Sale (Purchase) of Intangibles | -29.50K | -63.10K | ||||
| Investment in Securities | 96.46K | 11.64K | ||||
| Investing Cash Flow | -137.00K | -396.49K | -917.76K | -182.20K | -271.73K | -132.43K |
| Short-Term Debt Issued | 1.00M | 500.00K | ||||
| Long-Term Debt Issued | 1.87M | |||||
| Total Debt Issued | 1.00M | 500.00K | 1.87M | |||
| Short-Term Debt Repaid | -1.08M | |||||
| Long-Term Debt Repaid | -324.06K | -62.85K | ||||
| Total Debt Repaid | -1.57M | -1.40M | -62.85K | |||
| Net Debt Issued (Repaid) | -1.57M | -1.40M | 937.15K | 500.00K | 1.87M | |
| Issuance of Common Stock | 18.47M | 18.80M | 71.00K | |||
| Other Financing Activities | -24.68K | -67.64K | -96.97K | -62.69K | -76.84K | -82.63K |
| Financing Cash Flow | 16.88M | 17.33M | 911.18K | 437.31K | -76.84K | 1.79M |
| Net Cash Flow | 5.14M | 7.03M | 4.05M | -562.70K | -1.70M | 2.12M |
| Free Cash Flow | -11.84M | -10.31M | 3.09M | -864.66K | -1.67M | 373.58K |
| Free Cash Flow Margin | -48.16% | -38.09% | 13.67% | -3.44% | -6.67% | 1.53% |
| Free Cash Flow Per Share | -0.40 | -0.38 | 0.12 | -0.04 | -0.07 | 0.01 |
| Levered Free Cash Flow | -10.40M | -9.74M | 4.27M | 1.83M | -981.03K | -597.69K |
| Unlevered Free Cash Flow | -10.30M | -9.65M | 4.33M | 1.84M | -970.87K | -588.79K |
| Cash Interest Paid | 208.75K | 183.35K | 45.28K | 10.93K | 14.60K | 241.00 |
| Cash Income Tax Paid | 14.19K | 20.61K | 22.57K | 32.49K | 16.35K | 19.49K |
| Change in Working Capital | -4.19M | -4.20M | 7.54M | 1.61M | 153.28K | 941.20K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 54.34M | 147.44M | 36.55M | 20.13M | 31.06M | 29.82M |
| Enterprise Value | 50.18M | 134.87M | 38.97M | 20.09M | 29.46M | 28.38M |
| Last Close Price | 1.99 | 4.94 | 1.47 | 0.81 | 1.25 | 1.20 |
| PE Ratio | 8.07 | |||||
| Forward PE | 96.00 | 96.00 | 96.00 | 96.00 | 31.00 | |
| PS Ratio | 2.44 | 5.45 | 1.62 | 0.80 | 1.24 | 1.22 |
| PB Ratio | 3.39 | 6.87 | 3.61 | 1.37 | 1.64 | 1.41 |
| P/TBV Ratio | 4.14 | 8.08 | 6.81 | 2.10 | 1.98 | 1.69 |
| P/FCF Ratio | 11.82 | 79.82 | ||||
| P/OCF Ratio | 9.00 | 64.12 | ||||
| PEG Ratio | 3.41 | 3.41 | 3.41 | 3.41 | 3.41 | |
| EV/Sales Ratio | 2.27 | 4.98 | 1.72 | 0.80 | 1.18 | 1.16 |
| EV/FCF Ratio | 12.61 | 75.97 | ||||
| Debt / Equity Ratio | 0.15 | 0.13 | 0.37 | 0.10 | 0.07 | 0.09 |
| Debt / EBITDA Ratio | 39.06 | |||||
| Debt / FCF Ratio | 1.21 | 5.24 | ||||
| Net Debt / Equity Ratio | -0.24 | -0.45 | -0.17 | 0.01 | -0.03 | -0.08 |
| Net Debt / EBITDA Ratio | 0.49 | 1.54 | 0.44 | -0.03 | 0.31 | 2.20 |
| Net Debt / FCF Ratio | 0.35 | 0.93 | -0.54 | -0.15 | 0.36 | -4.44 |
| Asset Turnover | 0.82 | 0.80 | 0.77 | 0.90 | 0.82 | 0.78 |
| Inventory Turnover | 1.45 | 1.68 | 1.26 | 1.42 | 1.53 | 1.72 |
| Quick Ratio | 1.35 | 1.82 | 0.70 | 0.90 | 1.45 | 1.89 |
| Current Ratio | 2.93 | 3.12 | 1.32 | 1.94 | 2.87 | 2.84 |
| Return on Equity (ROE) | -78.34% | -52.21% | -37.72% | -26.89% | -11.95% | 19.49% |
| Return on Assets (ROA) | -19.61% | -13.09% | -9.19% | -9.92% | -4.92% | -2.45% |
| Return on Invested Capital (ROIC) | -71.12% | -70.23% | -37.27% | -26.83% | -12.61% | -6.26% |
| Return on Capital Employed (ROCE) | -40.20% | -25.70% | -30.30% | -25.70% | -11.60% | -5.20% |
| Earnings Yield | -19.48% | -5.59% | -13.02% | -22.84% | -7.88% | 12.39% |
| FCF Yield | -19.71% | -6.99% | 8.46% | -4.30% | -5.37% | 1.25% |
| Buyback Yield / Dilution | -18.64% | -9.54% | -0.04% | 1.06% | -1.07% |