Earnings Releases·Nov 12, 2026, 8:59 AM ET

Tecogen — Third Quarter 2026 Earnings Summary

Q3 2026 total revenues rose 9.6% year-over-year to $7.87 million, while nine-month revenues declined 8.3% to $19.96 million; Q3 net loss narrowed to $1.59 million ($0.05/share) from $2.13 million ($0.07/share) in 2025, though nine-month losses widened to $5.86 million ($0.20/share) from $4.25 million ($0.16/share).
Gross margin improved significantly in Q3 to 37.4% (up 7 percentage points) and 38.6% for the nine months, driven by operational improvements, while Adjusted EBITDA losses narrowed in Q3 to negative $1.01 million from negative $1.67 million in 2025.
Revenue mix shifted with Services revenue up 13.2% in Q3 and 10.9% for nine months due to acquired Aegis maintenance contracts, while Products revenue declined 38.2% over nine months despite a 42.0% Q3 increase in Energy Production revenue.
Current backlog exceeds $8 million with over 70% from large property owners and energy services companies, and management cites accelerating demand in commercial, healthcare, and industrial sectors due to rising utility rates and power shortages.
Cash and cash equivalents decreased to $5.33 million at September 30, 2026, from $12.43 million at year-end 2025, with management noting a current cash position of $5.7 million and $800,000 in expected collections.