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MARKETS / NYSE / TGEN
NYSE · AIR-COND & WARM AIR HEATG EQUIP & COMM & INDL REFRIG EQUIP · SMALL CAP

Tecogen Inc. TGEN

15 fiscal years on record · USD · FY2025 reported · SEC filings only
$27.1M
▲ 19.7% YoY
$-8.2M
$-10.3M
▼ 433.6% YoY
In brief

What this company does

Tecogen Inc., a Delaware corporation (together with its subsidiaries "we", "our", "us", "Tecogen," or "Company") produces commercial and industrial, natural-gas-fueled engine-driven, combined heat and power (CHP) products that reduce energy costs, decrease greenhouse gas emissions and alleviate congestion on the national power grid. Our business operations are comprised of three business segments: •Products Segment - designs, manufactures and sells industrial and commercial cogeneration and chiller systems; •Services Segment - provides operations and maintenance ("O&M") services for our products under long term service contracts; and •Energy Production Segment - installs, operates and maintains distributed generation electricity systems that we own, and sells the energy generated by such systems in the form of electricity, heat, hot water and cooling to our customers under long-term energy sales agreements. We have shipped over 3,200 units, some of which have been operating for almost 35 years. On April 30, 2025, we announced that our common stock had been approved for listing on the NYSE American LLC ("NYSE American") stock exchange. Our Tecochill line of chillers are the only gas-engine-driven chillers available on the market. As of December 31, 2025, we employed 119 full-time employees and 1 part-time employee, including 4 sales and marketing personnel, 83 service personnel, 24 manufacturing personnel and 9 finance and administrative personnel.

Written from the business description in Tecogen Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth
USD 27.1M
Revenue, FY2025 · full 15-year series below
Revenue $M Net income $M
FY2025 · Revenue 27.1 · Net income -8.2
20M-4M-8M20112013201520172019202120232025
Compound annual growth
+2.7%
−0.9%
+2.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −0.9% 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
−30 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -30.5% · Net -30.5%
5%10%15%-10%-20%-30%20112013201520172019202120232025
ROE
FY2025 · ROE -51.8%
5%10%15%-20%-40%20112013201520172019202120232025

Each USD of equity lost 52 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -10.3
2M-4M-8M20112013201520172019202120232025

Total assetsUSD 37.0M
EquityUSD 21.6M
CashUSD 12.4M
Gross debtUSD 0.00
Net debtUSD -12.4M
Current ratio3.12×

The company holds more cash than debt.

The 15-year record
15 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 202520242023202220212020201920182017201620152014201320122011
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.0·0.00.00.00.0
Net income $B−0.0−0.0−0.0−0.00.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.00.0−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.30−0.19−0.19−0.100.15−0.25−0.19−0.230.00−0.06−0.16−0.24−0.26−0.12−0.03
Dividend / sh $···············
Payout %···············
ROE %−51.8−38.1−27.2−12.119.2−30.3−18.4−18.70.2−8.0−28.7−55.8−58.0−33.8−31.0
Shares out B0.030.020.020.020.020.020.020.020.020.020.020.020.020.010.05

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 74 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 21 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2011

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