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MARKETS / NASDAQ / CEPL
NASDAQ · ENGINES & TURBINES · SMALL CAP

Capstone Energy Plus, Inc. CEPL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$106.0M
▲ 23.9% YoY
$2.8M
$-3.4M
▼ 149.4% YoY
In brief

What this company does

Capstone Energy+, Inc. provides behind-the-meter clean energy solutions for industrial and commercial operations, including solutions for artificial intelligence and data center applications. Its product portfolio ranges from 65 kilowatts to multiple megawatts and includes the C65, C200, C400, C600, C800 and C1000S Series microturbines. The company has shipped more than 10,800 units totaling 1.18 GW of capacity to 89 countries. Its distributor network, together with direct sales operations and OEM partnerships, reaches customers across six major geographic regions. A significant portion of the company's revenue is generated from a limited number of distributors. As of March 31, 2026, the company had 115 full-time employees. Capstone Energy+, Inc. is the publicly traded successor to a business originally organized in 1988 as NoMac Energy Systems in the State of California, which was reincorporated in Delaware in 2000 as Capstone Turbine Corporation.

Written from the business description in Capstone Energy+, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 June 2026. Every sentence was checked against that document before publication.

Growth
USD 106.0M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 106.0 · Net income 2.8
50.0M100.0M-25.0M-50.0M200920112013201520172019202120232025
Compound annual growth
+12.8%
+9.4%
+2.2%
+1.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.2% · Net 2.7%
5%-20%-40%-60%200920112013201520172019202120232025
ROE
FY2020 · ROE -621.4%
-200%-400%-600%200920112013201520172019202120232025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -3.4
2.5M5.0M-20.0M200920112013201520172019202120232025

Total assetsUSD 111.5M
EquityUSD -44.5M
CashUSD 28.2M
Gross debtUSD 50.6M
Net debtUSD 22.5M
Current ratio0.96×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.1
Operating income $B0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0−0.0
Net income $B0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1
Free cash flow $B−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0····
EPS, diluted $−3.21−0.380.39−1.43−1.52−1.84−2.70−2.49−0.20−0.79−1.39−1.92−1.06−0.07−0.07−0.16−0.34
Dividend / sh $·················
Payout %·················
ROE %·····−621.4−158.7−68.1−43.0−110.6−84.8······
Shares out B···0.020.020.010.010.010.060.040.020.020.310.300.300.26·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityEngines & Turbines
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsMarch 31
SEC categorysmaller reporting company
Data on record since2009

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