NRG Energy, Inc. (NRG) Financial Statements
NRG Energy financial statements at a glance
NRG Energy reported revenue of $30.71 billion for fiscal year 2025 (ended December 31, 2025), up 9.2% from fiscal year 2024. Net income was $797.00 million, a net margin of 2.6%, and diluted earnings per share were $4.01.
At the end of fiscal year 2025 it had total assets of $29.14 billion, total liabilities of $27.46 billion and shareholders' equity of $1.68 billion, with cash and short-term investments of $4.71 billion and total debt of $16.62 billion.
Its operations brought in $1.91 billion of cash; capital spending was $1.15 billion, leaving free cash flow of $765.00 million.
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.
NRG Energy, Inc.
Income Statement
Annual • USD
NRG Energy key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $30.7B | $28.1B | $28.8B | $31.5B | $27.0B |
| Gross profit | $6.0B | $6.0B | $2.3B | $4.1B | $6.5B |
| Operating income | $1.9B | $2.3B | -$1.1B | $2.2B | $3.7B |
| Net income | $797.0M | $1.1B | -$256.0M | $1.2B | $2.2B |
| Diluted EPS | $4.01 | $4.99 | -$1.12 | $5.17 | $8.93 |
| Total assets | $29.1B | $24.0B | $26.0B | $29.1B | $23.2B |
| Total liabilities | $27.5B | $21.5B | $23.1B | $25.3B | $19.6B |
| Shareholders' equity | $1.7B | $2.5B | $2.9B | $3.8B | $3.6B |
| Cash and short-term investments | $4.7B | $966.0M | $541.0M | $430.0M | $250.0M |
| Total debt | $16.6B | $11.0B | $11.0B | $8.3B | $8.3B |
| Operating cash flow | $1.9B | $2.3B | -$221.0M | $360.0M | $493.0M |
| Capital spending | $1.1B | $490.0M | $622.0M | $373.0M | $269.0M |
| Free cash flow | $765.0M | $1.8B | -$843.0M | -$13.0M | $224.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was NRG Energy's revenue in fiscal year 2025?
$30.71 billion, up 9.2% from $28.13 billion in fiscal year 2024.
How much profit does NRG Energy make?
NRG Energy reported net income of $797.00 million for fiscal year 2025 (2.6% of revenue); operating income was $1.94 billion.
How much cash and debt does NRG Energy have?
At the end of fiscal year 2025: cash and short-term investments of $4.71 billion and total debt of $16.62 billion.
What is NRG Energy's free cash flow?
$765.00 million in fiscal year 2025 (operating cash flow of $1.91 billion minus capital spending of $1.15 billion).
