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TECOGEN INC.

TGEN Clue Score39
United States Fiscal year ends December CIK 0001537435
$2.42 -2.02% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.42 +36.34% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue24.5Operating income−1.0Net income−1.1EPS, diluted−0.06Fiscal year 2017Revenue33.2 +35.6%Operating income0.2Net income0.0EPS, diluted0.00Fiscal year 2018Revenue35.9 +8.1%Operating income−5.5Net income−5.7 −12,134.2%EPS, diluted−0.23Fiscal year 2019Revenue33.4 −6.8%Operating income−4.7Net income−4.7Fiscal year 2020Revenue28.3 −15.5%Operating income−6.0Net income−6.2EPS, diluted−0.25Fiscal year 2021Revenue24.4 −13.6%Operating income−1.2Net income3.7EPS, diluted0.15Fiscal year 2022Revenue25.0 +2.5%Operating income−2.3Net income−2.4 −166.2%EPS, diluted−0.10 −166.7%Fiscal year 2023Revenue25.1 +0.5%Operating income−4.4Net income−4.6EPS, diluted−0.19Fiscal year 2024Revenue22.6 −10.0%Operating income−4.5Net income−4.8EPS, diluted−0.19Fiscal year 2025Revenue27.1 +19.7%Operating income−8.2Net income−8.2EPS, diluted−0.30
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 24.5 33.2 35.9 33.4 28.3 24.4 25.0 25.1 22.6 27.1
Growth +35.6% +8.1% −6.8% −15.5% −13.6% +2.5% +0.5% −10.0% +19.7%
Operating income −1.0 0.2 −5.5 −4.7 −6.0 −1.2 −2.3 −4.4 −4.5 −8.2
Net income −1.1 0.0 −5.7 −4.7 −6.2 3.7 −2.4 −4.6 −4.8 −8.2
Growth −12,134.2% −166.2%
EPS, diluted −0.06 0.00 −0.23 n/a −0.25 0.15 −0.10 −0.19 −0.19 −0.30
Growth −166.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin38.0%Operating margin−4.1%Net margin−4.5%Free cash flow margin−11.7%Fiscal year 2017Gross margin39.0%Operating margin0.7%Net margin0.1%Free cash flow margin−3.5%Fiscal year 2018Gross margin37.9%Operating margin−15.4%Net margin−15.9%Free cash flow margin−13.1%Fiscal year 2019Gross margin37.3%Operating margin−13.9%Net margin−14.1%Free cash flow margin−13.7%Fiscal year 2020Gross margin38.3%Operating margin−21.1%Net margin−21.8%Free cash flow margin4.8%Fiscal year 2021Gross margin47.5%Operating margin−5.0%Net margin15.1%Free cash flow margin1.5%Fiscal year 2022Gross margin44.3%Operating margin−9.4%Net margin−9.8%Free cash flow margin−6.7%Fiscal year 2023Gross margin40.6%Operating margin−17.6%Net margin−18.3%Free cash flow margin−3.4%Fiscal year 2024Gross margin43.6%Operating margin−20.0%Net margin−21.0%Free cash flow margin13.7%Fiscal year 2025Gross margin36.3%Operating margin−30.5%Net margin−30.5%Free cash flow margin−38.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 38.0% 39.0% 37.9% 37.3% 38.3% 47.5% 44.3% 40.6% 43.6% 36.3%
Operating margin −4.1% 0.7% −15.4% −13.9% −21.1% −5.0% −9.4% −17.6% −20.0% −30.5%
Net margin −4.5% 0.1% −15.9% −14.1% −21.8% 15.1% −9.8% −18.3% −21.0% −30.5%
Free cash flow margin −11.7% −3.5% −13.1% −13.7% 4.8% 1.5% −6.7% −3.4% 13.7% −38.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−2.7Capital expenditure−0.1Free cash flow−2.9Fiscal year 2017Operating cash flow−0.6Capital expenditure−0.6Free cash flow−1.2Fiscal year 2018Operating cash flow−3.9Capital expenditure−0.8Free cash flow−4.7Fiscal year 2019Operating cash flow−4.5Capital expenditure−0.1Free cash flow−4.6Fiscal year 2020Operating cash flow1.4Capital expenditure−0.1Free cash flow1.3Fiscal year 2021Operating cash flow0.5Capital expenditure−0.1Free cash flow0.4 −72.3%Fiscal year 2022Operating cash flow−1.4Capital expenditure−0.3Free cash flow−1.7 −546.2%Fiscal year 2023Operating cash flow−0.8Capital expenditure−0.0Free cash flow−0.9Fiscal year 2024Operating cash flow4.1Capital expenditure−1.0Free cash flow3.1Fiscal year 2025Operating cash flow−9.9Capital expenditure−0.4Free cash flow−10.3 −433.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −2.7 −0.6 −3.9 −4.5 1.4 0.5 −1.4 −0.8 4.1 −9.9
Capital expenditure −0.1 −0.6 −0.8 −0.1 −0.1 −0.1 −0.3 −0.0 −1.0 −0.4
Free cash flow −2.9 −1.2 −4.7 −4.6 1.3 0.4 −1.7 −0.9 3.1 −10.3
Growth −72.3% −546.2% −433.6%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash3.7Shareholders’ equity14.5Fiscal year 2017Cash1.7Shareholders’ equity33.2Fiscal year 2018Cash0.3Shareholders’ equity27.8Fiscal year 2019Cash0.9Shareholders’ equity23.3Fiscal year 2020Cash1.5Shareholders’ equity17.3Fiscal year 2021Cash3.6Shareholders’ equity21.2Fiscal year 2022Cash1.9Shareholders’ equity19.1Fiscal year 2023Cash1.4Shareholders’ equity14.7Fiscal year 2024Cash5.4Shareholders’ equity10.2Fiscal year 2025Cash12.4Shareholders’ equity21.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.7 1.7 0.3 0.9 1.5 3.6 1.9 1.4 5.4 12.4
Shareholders’ equity 14.5 33.2 27.8 23.3 17.3 21.2 19.1 14.7 10.2 21.6

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
3.7 1.7 0.3 0.9 1.5 3.6 1.9 1.4 5.4 12.4
8.6 9.5 14.2 14.6 8.7 8.5 6.7 6.7 6.0 4.3
4.8 5.1 6.3 6.4 7.2 7.8 10.5 10.6 9.6 10.9
0.5 12.3 11.3 3.5 2.3 1.8 1.4 1.2 1.7 1.6
0.0 13.4 9.0 5.3 2.4 2.4 2.4 2.7 2.3 1.2
23.7 50.7 49.9 41.1 30.1 32.4 28.3 27.8 31.1 37.0
Growth +113.4% −1.5% −17.6% −26.9% +7.6% −12.7% −1.6% +11.9% +19.0%
Liabilities
9.2 17.0 21.9 17.8 12.8 11.2 9.3 13.1 21.0 15.5
Equity
−22.8 −22.8 −28.7 −33.4 −39.5 −35.8 −38.3 −42.9 −47.6 −55.9
14.5 33.2 27.8 23.3 17.3 21.2 19.1 14.7 10.2 21.6
Growth +129.1% −16.4% −16.2% −25.6% +22.5% −10.0% −22.8% −30.6% +111.6%
Per share and net cash
20.0 24.8 24.8 24.8 24.9 24.9 24.9 24.9 25.0 29.8
calc 0.73 1.34 1.12 0.94 0.70 0.85 0.77 0.59 0.41 0.73

Lines marked calc are worked out here from filed figures; point at one for how.