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6Material company update
May 12, 2026·SEC
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Apr 8, 2026·SEC
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Mar 18, 2026·SEC
Tecogen Inc.(TGEN)Earnings, Financials & Key Ratios
TGEN•AMEX
$4.93
Price updated Jul 7, 2026
AboutTecogen Inc. designs, manufactures, markets, and maintains industrial and commercial cogeneration systems for residential, commercial, recreational, and industrial use in the United States and internationally. It operates through three segments: Products, Services, and Energy Production. The company offers InVerde e+ and TecoPower, a cogeneration product that supplies electricity and hot water; TECOCHILL air-conditioning and refrigeration chillers; Tecofrost gas engine-driven refrigeration compressors; and water heaters under the Ilios brand name, as well as emissions control technology under the Ultera brand name. It also provides long-term maintenance contracts, parts sales, and turnkey installation services through a network of eleven field service centers in California, the Midwest, the Northeast, and the Southeast, as well as in Ontario, Canada. In addition, the company installs, owns, operates, and maintains distributed generation of electricity, energy, and other complementary systems. It serves hospitals and nursing homes, colleges, universities, health clubs, spas, hotels, motels, office and retail buildings, food and beverage processors, multi-unit residential buildings, laundries, ice rinks, swimming pools, factories, municipal buildings, military installations, and indoor growing facilities. The company was incorporated in 2000 and is headquartered in Waltham, Massachusetts.Show more
- Revenue$27M+19.7%
- EBITDA-$6M-57.1%
- Net Income-$8M-73.3%
- EPS (Diluted)-0.30-57.9%
- Gross Margin36.29%-16.8%
- EBITDA Margin-23.1%-31.3%
- Operating Margin-26.34%-31.4%
- Net Margin-30.47%-44.8%
- ROE-52.21%-35.9%
TGEN Price & Volume
Tecogen Inc. (TGEN) stock price & volume — 10-year historical chart
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Persistent Operating Losses Challenge Tecogen Growth Trajectory
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Healthy
Cash Flow:Burning
Primary Risk:Persistent negative operating margins
Key Thesis Takeaways
- Tecogen faces a challenging fundamental outlook characterized by inconsistent revenue growth, which contracted by 12.9% in 2026Q1, and structural difficulties in achieving profitability.
- While the company maintains a conservative capital structure with a debt-to-equity ratio of 0.15, the persistent negative operating margins of -33.7% suggest that current revenue scale remains insufficient to cover fixed costs.
- Investors should monitor the company's ability to stabilize its project-based revenue cycles and improve expense discipline, as the current cash burn rate and negative free cash flow margins of -49.8% pose significant risks to long-term equity value.
Verdict Logic
the company's inability to generate positive free cash flow, evidenced by a -49.8% FCF margin in 2026Q1, suggests that the current operational model is not yet self-sustaining.
TGEN Growth Metrics
Tecogen Inc. (TGEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.36%
5 Years-0.85%
3 Years2.69%
TTM10.21%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-125.01%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-91.58%
Return on Capital
10 Years-16.01%
5 Years-20.41%
3 Years-28.66%
Last Year-33.96%
TGEN Recent Earnings
Tecogen Inc. (TGEN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 6/12 qtrs (60%)
Q2 2026Latest
May 13, 2026Metric
Actual
Est
EPS
$0.07+30.0%
$0.10
Rev
$6M+15.4%
$5M
Q2 2026
May 12, 2026Metric
Actual
Est
EPS
$0.07+30.0%
$0.10
Rev
$6M+15.4%
$5M
Q2 2026
Mar 18, 2026Metric
Actual
Est
EPS
$0.09+10.0%
$0.10
Rev
$5M+12.4%
$5M
Q2 2026
Mar 17, 2026Metric
Actual
Est
EPS
$0.09+10.0%
$0.10
Rev
$5M+12.4%
$5M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $0.07vs $0.10+30.0% | $6Mvs $5M+15.4% |
| Q2 2026 | May 12, 2026 | $0.07vs $0.10+30.0% | $6Mvs $5M+15.4% |
| Q2 2026 | Mar 18, 2026 | $0.09vs $0.10+10.0% | $5Mvs $5M+12.4% |
| Q2 2026 | Mar 17, 2026 | $0.09vs $0.10+10.0% | $5Mvs $5M+12.4% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Tecogen Inc. (TGEN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.93 | $147.5M | -16.43 | 19.69% | -30.47% | -52.21% | — | |
| $221.38 | $6.96B | -8.28 | -94.52% | — | -43.74% | — | |
| $14.34 | $266.22M | -19.12 | 4.33% | -30.06% | -34.48% | — | |
| $1.77 | $120.62M | -1.38 | -22.29% | -35.43% | — | — | |
| $2.13 | $469.08M | -2.11 | 2.56% | -22.65% | -17.17% | — | |
| $235.80 | $13.84B | 87.66 | -2.02% | 4.37% | 7.18% | — |
Compare TGEN vs Peers
Tecogen Inc. (TGEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TGEN SEC Filings & Documents
Tecogen Inc. (TGEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TGEN Frequently Asked Questions
Tecogen Inc. (TGEN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Tecogen Inc.'s revenue?
Tecogen Inc. (TGEN) reported $26.1M in revenue for fiscal year 2025. This represents a 136% increase from $11.1M in 2011.
How fast is Tecogen Inc. growing?
Tecogen Inc. (TGEN) grew revenue by 19.7% over the past year. This is strong growth.
Is TGEN profitable?
Tecogen Inc. (TGEN) reported a net loss of $9.7M for fiscal year 2025.
Dividend & Returns
What is TGEN's return on equity?
Tecogen Inc. (TGEN) has a return on equity (ROE) of -52.2%. Negative ROE indicates the company is unprofitable.
What is Tecogen Inc.'s free cash flow?
Tecogen Inc. (TGEN) had negative free cash flow of $12.2M in fiscal year 2025, likely due to heavy capital investments.