GE Vernova Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), GE Vernova Inc reported revenue of $38.1B (+9.0% year on year) and net income of $4.9B (+214.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Total revenues | $38.1B | $34.9B |
| Cost of equipment and services | $30.5B | $28.9B |
| Gross profit | $7.5B | $6.1B |
| Selling, general, and administrative expenses | $4.9B | $4.6B |
| Research and development expenses | $1.2B | $982.0M |
| Operating income (loss) | $1.4B | $471.0M |
| Interest and other financial income (charges) – net | $186.0M | $120.0M |
| Non-operating benefit income | $459.0M | $536.0M |
| Other income (expense) – net (Note 19) | $795.0M | $1.4B |
| Income (loss) before income taxes | $2.8B | $2.5B |
| Provision (benefit) for income taxes (Note 15) | ($2.1B) | $939.0M |
| Net income (loss) | $4.9B | $1.6B |
| Net loss (income) attributable to noncontrolling interests | $4.0M | ($7.0M) |
| Net income (loss) attributable to GE Vernova | $4.9B | $1.6B |
| Basic (in dollars per share) | $17.92 | $5.65 |
| Diluted (in dollars per share) | $17.69 | $5.58 |
| Basic (in shares) | 272.0M | 275.0M |
| Diluted (in shares) | 276.0M | 278.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $11.1B | $9.3B | $10.0B | $9.1B |
| Cost of equipment and services | $8.7B | $7.6B | $8.1B | $7.3B |
| Gross profit | $2.4B | $1.8B | $1.9B | $1.8B |
| Selling, general, and administrative expenses | $1.4B | $1.3B | $1.2B | $1.2B |
| Research and development expenses | $334.0M | $304.0M | $310.0M | $282.0M |
| Operating income (loss) | $653.0M | $179.0M | $366.0M | $378.0M |
| Interest and other financial income (charges) – net | $73.0M | $28.0M | $44.0M | $42.0M |
| Non-operating benefit income | $119.0M | $134.0M | $115.0M | $110.0M |
| Other income (expense) – net (Note 19) | $80.0M | $4.8B | $221.0M | $115.0M |
| Income (loss) before income taxes | $925.0M | $5.1B | $746.0M | $645.0M |
| Provision (benefit) for income taxes (Note 16) | $276.0M | $354.0M | $293.0M | $153.0M |
| Net income (loss) | $649.0M | $4.8B | $453.0M | $492.0M |
| Net loss (income) attributable to noncontrolling interests | $19.0M | ($4.0M) | ($1.0M) | $22.0M |
| Net income (loss) attributable to GE Vernova | $668.0M | $4.7B | $452.0M | $514.0M |
| Basic (in dollars per share) | $2.49 | $17.65 | $1.66 | $1.89 |
| Diluted (in dollars per share) | $2.47 | $17.44 | $1.64 | $1.86 |
| Basic (in shares) | 268.0M | 269.0M | 272.0M | 272.0M |
| Diluted (in shares) | 270.0M | 272.0M | 275.0M | 276.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Cash, cash equivalents, and restricted cash | $8.8B | $8.2B |
| Current receivables – net (Note 4) | $9.8B | $8.2B |
| Inventories, including deferred inventory costs (Note 5) | $10.4B | $8.6B |
| Current contract assets (Note 9) | $9.3B | $8.6B |
| All other current assets (Note 10) | $1.4B | $562.0M |
| Assets held for sale (Note 3) | $396.0M | $0 |
| Current assets | $40.2B | $34.2B |
| Property, plant, and equipment – net (Note 6) | $6.0B | $5.2B |
| Goodwill (Note 8) | $4.4B | $4.3B |
| Intangible assets – net (Note 8) | $727.0M | $813.0M |
| Contract and other deferred assets (Note 9) | $378.0M | $555.0M |
| Equity method investments (Note 11) | $1.8B | $2.1B |
| Deferred income taxes (Note 15) | $5.3B | $1.6B |
| All other assets (Note 10) | $4.1B | $2.8B |
| Total assets | $63.0B | $51.5B |
| Accounts payable and equipment project payables (Note 12) | $8.8B | $8.6B |
| Contract liabilities and deferred income (Note 9) | $25.8B | $17.6B |
| All other current liabilities (Note 14) | $6.3B | $5.5B |
| Liabilities held for sale (Note 3) | $79.0M | $0 |
| Current liabilities | $41.0B | $31.7B |
| Deferred income taxes (Note 15) | $1.2B | $827.0M |
| Non-current compensation and benefits | $3.2B | $3.3B |
| All other liabilities (Note 14) | $5.4B | $5.1B |
| Total liabilities | $50.7B | $40.9B |
| Common stock, par value $0.01 per share, 1,000,000,000 shares authorized, 269,529,464 and 275,880,314 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | $3000000.00 | $3000000.00 |
| Additional paid-in capital | $9.8B | $9.7B |
| Retained earnings | $6.2B | $1.6B |
| Treasury common stock, 8,397,266 and 226,290 shares at cost as of December 31, 2025 and December 31, 2024, respectively | -3.4B | -43.0M |
| Accumulated other comprehensive income (loss) – net attributable to GE Vernova (Note 16) | ($1.4B) | ($1.8B) |
| Total equity attributable to GE Vernova | $11.2B | $9.5B |
| Noncontrolling interests | $1.1B | $1.0B |
| Total equity | $12.3B | $10.6B |
| Total liabilities and equity | $63.0B | $51.5B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash, cash equivalents, and restricted cash | $13.1B | $10.2B | $7.9B | $7.9B |
| Current receivables – net (Note 4) | $11.1B | $9.6B | $7.4B | $6.9B |
| Inventories, including deferred inventory costs (Note 5) | $12.7B | $11.9B | $10.0B | $9.8B |
| Current contract assets (Note 9) | $9.5B | $9.6B | $9.5B | $9.5B |
| All other current assets (Note 10) | $999.0M | $1.7B | $934.0M | $555.0M |
| Assets held for sale (Note 3) | $0 | $0 | $508.0M | — |
| Current assets | $47.4B | $43.0B | $36.3B | $34.7B |
| Property, plant, and equipment – net (Note 6) | $7.4B | $7.1B | $5.6B | $5.4B |
| Goodwill (Note 8) | $9.7B | $9.9B | $4.3B | $4.5B |
| Intangible assets – net (Note 8) | $4.5B | $4.5B | $747.0M | $739.0M |
| Contract and other deferred assets (Note 9) | $453.0M | $462.0M | $486.0M | $496.0M |
| Equity method investments (Note 11) | $1.4B | $1.4B | $1.9B | $2.2B |
| Deferred income taxes (Note 16) | $5.8B | $5.2B | $1.7B | $1.7B |
| All other assets (Note 10) | $4.2B | $4.1B | $3.4B | $3.3B |
| Total assets | $80.8B | $75.6B | $54.4B | $53.1B |
| Accounts payable and equipment project payables (Note 12) | $10.1B | $9.6B | $9.5B | $9.0B |
| Contract liabilities and deferred income (Note 9) | $39.9B | $31.8B | $20.2B | $19.6B |
| All other current liabilities (Note 15) | $5.8B | $6.7B | $5.5B | $5.1B |
| Liabilities held for sale (Note 3) | $0 | $0 | $80.0M | — |
| Current liabilities | $55.8B | $48.1B | $35.3B | $33.8B |
| Long-term borrowings (Note 14) | $2.8B | $2.8B | — | — |
| Deferred income taxes (Note 16) | $1.5B | $1.3B | $820.0M | $818.0M |
| Non-current compensation and benefits | $2.7B | $3.2B | $3.2B | $3.2B |
| All other liabilities (Note 15) | $4.9B | $5.2B | $5.4B | $5.3B |
| Total liabilities | $67.7B | $60.5B | $44.7B | $43.1B |
| Common stock, par value $0.01 per share, 1,000,000,000 shares authorized, 266,333,581 and 269,529,464 shares outstanding as of June 30, 2026 and December 31, 2025, respectively | $3000000.00 | $3000000.00 | $3000000.00 | $3000000.00 |
| Additional paid-in capital | $9.4B | $9.4B | $9.8B | $9.7B |
| Retained earnings | $11.3B | $10.8B | $2.6B | $2.2B |
| Treasury common stock, 12,663,683 and 8,397,266 shares at cost as of June 30, 2026 and December 31, 2025, respectively | -7.1B | -4.7B | -2.3B | -1.6B |
| Accumulated other comprehensive income (loss) – net attributable to GE Vernova (Note 17) | ($1.7B) | ($1.6B) | ($1.4B) | ($1.4B) |
| Total equity attributable to GE Vernova | $12.0B | $13.9B | $8.6B | $8.9B |
| Noncontrolling interests | $1.2B | $1.1B | $1.1B | $1.1B |
| Total equity | $13.1B | $15.1B | $9.7B | $9.9B |
| Total liabilities and equity | $80.8B | $75.6B | $54.4B | $53.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Net income (loss) | $4.9B | $1.6B |
| Depreciation and amortization of property, plant, and equipment (Note 6) | $615.0M | $895.0M |
| Amortization of intangible assets (Note 8) | $238.0M | $277.0M |
| (Gains) losses on purchases and sales of business interests | ($185.0M) | ($1.1B) |
| Principal pension plans – net (Note 13) | ($361.0M) | ($376.0M) |
| Other postretirement benefit plans – net (Note 13) | ($227.0M) | ($290.0M) |
| Provision (benefit) for income taxes (Note 15) | ($2.1B) | $939.0M |
| Cash recovered (paid) during the year for income taxes | ($830.0M) | ($623.0M) |
| Decrease (increase) in current receivables | ($1.9B) | ($1.3B) |
| Decrease (increase) in inventories, including deferred inventory costs | ($1.4B) | ($641.0M) |
| Decrease (increase) in current contract assets | ($456.0M) | ($409.0M) |
| Increase (decrease) in accounts payable and equipment project payables | ($105.0M) | $1.1B |
| Increase (decrease) in contract liabilities and current deferred income | $8.0B | $2.8B |
| All other operating activities | ($1.2B) | $229.0M |
| Cash from (used for) operating activities | $5.0B | $2.6B |
| Additions to property, plant, and equipment and internal-use software | ($1.3B) | ($883.0M) |
| Dispositions of property, plant, and equipment | $39.0M | $25.0M |
| Purchases of and contributions to equity method investments | ($87.0M) | ($114.0M) |
| Sales of and distributions from equity method investments | $464.0M | $244.0M |
| Proceeds from principal business dispositions | $60.0M | $813.0M |
| All other investing activities | $47.0M | ($122.0M) |
| Cash from (used for) investing activities | ($755.0M) | ($37.0M) |
| Net increase (decrease) in borrowings of maturities of 90 days or less | $0 | ($23.0M) |
| Transfers from (to) Parent | $0 | $2.9B |
| Dividends paid to stockholders | ($275.0M) | — |
| Purchases of common stock for treasury | ($3.3B) | — |
| All other financing activities | ($221.0M) | $742.0M |
| Cash from (used for) financing activities | ($3.8B) | $3.7B |
| Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | $224.0M | ($147.0M) |
| Increase (decrease) in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | $644.0M | $6.1B |
| Less: Net increase (decrease) in cash classified within assets held for sale | $2.0M | ($603.0M) |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $643.0M | $6.7B |
| Cash, cash equivalents, and restricted cash at beginning of year | $8.2B | $1.6B |
| Cash, cash equivalents, and restricted cash as of December 31 | $8.8B | $8.2B |
| Cash paid during the year for interest | ($53.0M) | ($74.0M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $5.4B | $4.8B | $1.2B | $756.0M |
| Depreciation and amortization of property, plant, and equipment (Note 6) | $348.0M | $166.0M | $446.0M | $294.0M |
| Amortization of intangible assets (Note 8) | $411.0M | $176.0M | $177.0M | $116.0M |
| (Gains) losses on purchases and sales of business interests | ($4.4B) | ($4.4B) | ($66.0M) | ($22.0M) |
| Principal pension plans – net (Note 13) | ($696.0M) | ($90.0M) | ($268.0M) | ($179.0M) |
| Other postretirement benefit plans – net (Note 13) | ($122.0M) | ($80.0M) | ($167.0M) | ($110.0M) |
| Provision (benefit) for income taxes (Note 16) | $630.0M | $354.0M | $514.0M | $221.0M |
| Cash recovered (paid) during the year for income taxes | ($1.3B) | ($534.0M) | ($489.0M) | ($363.0M) |
| Decrease (increase) in current receivables | ($843.0M) | $610.0M | $563.0M | $1.0B |
| Decrease (increase) in inventories, including deferred inventory costs | ($1.7B) | ($930.0M) | ($1.0B) | ($883.0M) |
| Decrease (increase) in current contract assets | ($358.0M) | ($417.0M) | ($656.0M) | ($647.0M) |
| Increase (decrease) in accounts payable and equipment project payables | $949.0M | $473.0M | $566.0M | $207.0M |
| Increase (decrease) in contract liabilities and current deferred income | $13.7B | $5.6B | $2.4B | $1.9B |
| All other operating activities | ($1.3B) | ($457.0M) | ($693.0M) | ($754.0M) |
| Cash from (used for) operating activities | $10.7B | $5.2B | $2.5B | $1.5B |
| Additions to property, plant, and equipment and internal-use software | ($783.0M) | ($397.0M) | ($606.0M) | ($359.0M) |
| Dispositions of property, plant, and equipment | $201.0M | $177.0M | $33.0M | $34.0M |
| Purchases of and contributions to equity method investments | ($20.0M) | ($10.0M) | ($57.0M) | ($30.0M) |
| Sales of and distributions from equity method investments | $78.0M | $44.0M | $248.0M | $91.0M |
| Net cash paid for principal businesses purchased | ($4.9B) | ($4.9B) | — | — |
| Proceeds from principal business dispositions | $594.0M | $598.0M | $60.0M | $1.0M |
| All other investing activities | $753.0M | $183.0M | ($58.0M) | $49.0M |
| Cash from (used for) investing activities | ($4.1B) | ($4.3B) | ($381.0M) | ($214.0M) |
| Newly issued debt (maturities longer than 90 days) | $2.6B | $2.6B | — | — |
| Dividends paid to stockholders | ($273.0M) | ($137.0M) | ($207.0M) | ($139.0M) |
| Purchases of common stock for treasury | ($3.7B) | ($1.3B) | ($2.2B) | ($1.6B) |
| All other financing activities | ($925.0M) | ($711.0M) | ($187.0M) | ($142.0M) |
| Cash from (used for) financing activities | ($2.3B) | $442.0M | ($2.6B) | ($1.9B) |
| Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | ($46.0M) | ($16.0M) | $250.0M | $235.0M |
| Increase (decrease) in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | $4.3B | $1.3B | ($258.0M) | ($312.0M) |
| Less: Net increase (decrease) in cash classified within assets held for sale | ($2.0M) | ($2.0M) | $2.0M | $0 |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $4.3B | $1.3B | ($259.0M) | ($312.0M) |
| Cash, cash equivalents, and restricted cash at beginning of year | $8.8B | $8.8B | $8.2B | $8.2B |
| Cash, cash equivalents, and restricted cash as of June 30 | $13.1B | — | — | $7.9B |
GE Vernova Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.