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Tecogen Inc.

TGEN

Tecogen Inc. designs, manufactures, and maintains high-efficiency combined heat and power (CHP) systems and natural gas-fueled chillers for commercial and industrial applications.

Market cap
$133.73M-35.1%
Revenue$26.1M+10.2%
Net income-$9.7M-125%
Free cash flow-$12.2M-840%
EPS (diluted)-$0.34-88.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (in a month)
Revenue estimate$5.9M
EPS estimate-$0.09

Financials

Q1 2026

Income statement

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Revenue$6.3M-12.9%
Gross profit$2.6M-19.6%
Operating income-$2.1M-259%
Net income-$2.1M-221%
EPS (diluted)-$0.07-133%

Balance sheet

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Cash & equivalents$9.3M+129%
Total debt$3.2M+28.4%
Total equity$19.7M+104%
Total assets$34.5M+15.9%

Cash flow

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Operating cash flow-$3.1M-165%
CapEx$46.1K-65.1%
Free cash flow-$3.2M-142%

Valuation & ratios

Valuation

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Market cap$133.73M-35.1%
Enterprise value$127.61M-36.8%
P/S5.1×-2.5×

Profitability

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Gross margin35.2%-9.2pp
Operating margin-37.5%-249pp
Net margin-37.2%-930pp
FCF margin-46.5%-53.5pp

Returns & leverage

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Return on equity-66.1%+246pp
Debt / equity0.2×-0.1×
Current ratio+1.6×

Segments

By product

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Installation Services$4.6M+9.2%
Chiller$780.6K-43.2%
Energy production$524.1K+5.0%
Cogeneration$356.2K-67.0%
Engineered Accessories$38.5K-51.5%

By segment

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Services and Other Segment$4.6M+9.2%
Products Segment$1.2M-53.6%
Energy Production$524.1K+5.0%
Corporate, other and elimination-

Competitors

Profile

Tecogen Inc. designs, manufactures, and maintains high-efficiency combined heat and power (CHP) systems and natural gas-fueled chillers for commercial and industrial applications. The company's products reduce energy costs and greenhouse gas emissions by recovering engine waste heat for on-site heating and cooling while providing resilient power that alleviates grid congestion. Its value proposition is centered on achieving up to 90% energy efficiency and near-zero criteria pollutant emissions through patented technology.

Competitive position

A specialized provider of modular, inverter-based CHP systems with a unique competitive advantage in ultra-low emissions technology and microgrid capabilities.

GeographiesUnited States, Canada
Customer segmentsCommercial, Industrial, Institutional, Agricultural
Business modelManufacturing, Service and Maintenance, Energy-as-a-Service
SuppliersNatural gas engine components, Rare-earth minerals, Inverter and electrical components, Chinese and European suppliers
CustomersFacility managers, Data center operators, Indoor growers, Healthcare administrators, Utility companies
Listed2014
CEOAbinand Rangesh
FilingsSEC EDGAR

Questions, answered.

What is Tecogen Inc.'s market cap?
Tecogen Inc. (TGEN) has a market capitalization of $133.7M and trades on XNAS.
What is Tecogen Inc.'s revenue and profitability?
Tecogen Inc. generated $26.1M in trailing twelve-month revenue with a net loss of $9.7M, representing a net margin of -37.2%. Gross margin stands at 35.2%, with free cash flow of -$12.2M. These figures are based on the Q1 2026 filing.
Who are Tecogen Inc.'s competitors?
Tecogen Inc.'s key competitors include Caterpillar Inc., Bloom Energy Corporation, GENERAC HOLDINGS INC, and others. These companies compete in similar markets and product categories.
Who does Tecogen Inc. partner with?
Tecogen Inc.'s notable partners include Vertiv Corporation, Southern California Gas Company, Roth Capital Partners, LLC, and others.
What subsidiaries does Tecogen Inc. have?
Tecogen Inc.'s subsidiaries include American DG Energy, Inc., Tecogen CHP Solutions, Inc., American DG New York, LLC.
Where is Tecogen Inc. headquartered?
Tecogen Inc. is headquartered in United States of America. It has been publicly traded since 2014.