Pg&e Corporation (PCG) Financial Statements
Pg&e financial statements at a glance
Pg&e reported revenue of $24.94 billion for fiscal year 2025 (ended December 31, 2025), up 2.1% from fiscal year 2024. Net income was $2.59 billion, a net margin of 10.4%, and diluted earnings per share were $1.18.
At the end of fiscal year 2025 it had total assets of $141.61 billion, total liabilities of $108.82 billion and shareholders' equity of $32.54 billion, with cash and short-term investments of $713.00 million and total debt of $61.34 billion.
Its operations brought in $8.72 billion of cash; capital spending was $11.79 billion, leaving free cash flow of -$3.07 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.
Pg&e Corporation
Income Statement
Annual • USD
Pg&e key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $24.9B | $24.4B | $24.4B | $21.7B | $20.6B |
| Gross profit | $9.9B | $9.2B | $8.3B | $7.0B | $6.1B |
| Operating income | $4.8B | $4.6B | $2.7B | $2.1B | $2.1B |
| Net income | $2.6B | $2.5B | $2.2B | $1.8B | -$102.0M |
| Diluted EPS | $1.18 | $1.15 | $1.05 | $0.84 | -$0.05 |
| Total assets | $141.6B | $133.7B | $125.7B | $118.6B | $103.3B |
| Total liabilities | $108.8B | $103.3B | $100.4B | $95.6B | $82.1B |
| Shareholders' equity | $32.5B | $30.1B | $25.0B | $22.8B | $21.0B |
| Cash and short-term investments | $713.0M | $940.0M | $635.0M | $734.0M | $291.0M |
| Total debt | $61.3B | $58.3B | $57.7B | $53.5B | $46.2B |
| Operating cash flow | $8.7B | $8.0B | $4.7B | $3.7B | $2.3B |
| Capital spending | $11.8B | $10.4B | $9.7B | $9.6B | $7.7B |
| Free cash flow | -$3.1B | -$2.3B | -$5.0B | -$5.9B | -$5.4B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Pg&e's revenue in fiscal year 2025?
$24.94 billion, up 2.1% from $24.42 billion in fiscal year 2024.
How much profit does Pg&e make?
Pg&e reported net income of $2.59 billion for fiscal year 2025 (10.4% of revenue); operating income was $4.85 billion.
How much cash and debt does Pg&e have?
At the end of fiscal year 2025: cash and short-term investments of $713.00 million and total debt of $61.34 billion.
What is Pg&e's free cash flow?
-$3.07 billion in fiscal year 2025 (operating cash flow of $8.72 billion minus capital spending of $11.79 billion).
