GE Vernova Inc. (GEV) Financial Statements
GE Vernova financial statements at a glance
GE Vernova reported revenue of $38.07 billion for fiscal year 2025 (ended December 31, 2025), up 9.0% from fiscal year 2024. Net income was $4.88 billion, a net margin of 12.8%.
At the end of fiscal year 2025 it had total assets of $63.02 billion, total liabilities of $50.72 billion and shareholders' equity of $11.18 billion, with cash and short-term investments of $9.31 billion and total debt of $1.17 billion.
Its operations brought in $4.99 billion of cash; capital spending was $1.28 billion, leaving free cash flow of $3.71 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
GE Vernova Inc.
Income Statement
Annual • USD
GE Vernova key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $38.1B | $34.9B | $33.2B | $29.7B | $33.0B |
| Gross profit | $7.5B | $6.1B | $4.8B | $3.5B | $4.9B |
| Operating income | $1.4B | $471.0M | -$923.0M | -$2.9B | -$884.0M |
| Net income | $4.9B | $1.6B | -$438.0M | -$2.7B | -$633.0M |
| Diluted EPS | – | $5.58 | -$1.60 | -$10.06 | -$2.33 |
| Total assets | $63.0B | $51.5B | $46.1B | $44.5B | – |
| Total liabilities | $50.7B | $40.9B | $37.7B | $32.9B | – |
| Shareholders' equity | $11.2B | $9.5B | $7.4B | $10.7B | – |
| Cash and short-term investments | $9.3B | $8.2B | $1.6B | $2.1B | – |
| Total debt | $1.2B | $1.0B | $1.2B | $1.1B | – |
| Operating cash flow | $5.0B | $2.6B | $1.2B | -$114.0M | -$1.7B |
| Capital spending | $1.3B | $883.0M | $744.0M | $513.0M | $577.0M |
| Free cash flow | $3.7B | $1.7B | $442.0M | -$627.0M | -$2.2B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
Questions and answers
What was GE Vernova's revenue in fiscal year 2025?
$38.07 billion, up 9.0% from $34.94 billion in fiscal year 2024.
How much profit does GE Vernova make?
GE Vernova reported net income of $4.88 billion for fiscal year 2025 (12.8% of revenue); operating income was $1.39 billion.
How much cash and debt does GE Vernova have?
At the end of fiscal year 2025: cash and short-term investments of $9.31 billion and total debt of $1.17 billion.
What is GE Vernova's free cash flow?
$3.71 billion in fiscal year 2025 (operating cash flow of $4.99 billion minus capital spending of $1.28 billion).
