Filing Flows › Tecogen (TGEN) › Q1 2025
Tecogen (TGEN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Tecogen (TGEN) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +20% from the quarter before. Operating margin was -8.2%, net loss $660K (9.1% of revenue).
Tecogen, Q1 2025: revenue $7.3M (+18% year over year), operating margin -8.2%, net loss $660K, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | +20% | +18% |
| Operating profit | −$594K | — | — |
| Net earnings | −$660K | — | — |
| Operating cash flow | −$1.2M | -128% | — |
What changed
Revenue was $7.3M in Q1 2025, up 18% year over year and up 20% from the previous quarter. Services was the largest line at 58% of revenue. Products added $1.0M year over year (up 70%), 95% of the total change. Energy production declined 27%.
Gross margin was 44.3%, up 2.6 points from a year earlier. Operating costs exceeded revenue by $594K, an operating margin of -8.2%. Operating expenses grew 5% against revenue growth of 18%. The fastest-growing cost line was Research & development (+15%). The quarter ended with a net loss of $660K, narrower than the previous quarter's $1.2M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $186K of depreciation and amortization and $41K of share-based compensation. Working capital and other items used $739K. Capital expenditures of $132K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Tecogen's revenue in the first quarter 2025?
Tecogen (TGEN) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +20% from the quarter before.
Was Tecogen profitable in the first quarter 2025?
Operating loss was $594K (-8.2% of revenue) and net loss $660K.
Source: Tecogen 10-Q on SEC EDGAR.