Filing Flows › Tecogen (TGEN) › Q1 2026
Tecogen (TGEN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Tecogen (TGEN) reported revenue of $6.3M for the first quarter 2026 (Q1 2026), -13% from a year earlier and +19% from the quarter before. Operating margin was -33.7%, net loss $2.1M (33.4% of revenue).
Tecogen, Q1 2026: revenue $6.3M (-13% year over year), operating margin -33.7%, net loss $2.1M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3M | +19% | -13% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $6.3M in Q1 2026, down 13% year over year and up 19% from the previous quarter. Services was the largest line at 73% of revenue. Products lost $1.4M year over year (down 54%), 144% of the total change.
Gross margin was 40.9%, down 3.4 points from Q1 2025. Operating costs exceeded revenue by $2.1M, an operating margin of -33.7%. Operating expenses grew 24% against a revenue fall of 13%. The fastest-growing cost line was General & admin (+27%). The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $4.0M loss.
Operating cash flow was −$3.1M. Non-cash charges added back $265K of depreciation and amortization and $132K of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $46K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was Tecogen's revenue in the first quarter 2026?
Tecogen (TGEN) reported revenue of $6.3M for the first quarter 2026 (Q1 2026), -13% from a year earlier and +19% from the quarter before.
Was Tecogen profitable in the first quarter 2026?
Operating loss was $2.1M (-33.7% of revenue) and net loss $2.1M.
Source: Tecogen 10-Q on SEC EDGAR.