GE Vernova Inc.
Business
GE Vernova Inc. is a global manufacturer and servicer of equipment and solutions for power generation, transmission, distribution, conversion, and storage of electricity. The company offers gas, steam, hydro, and nuclear turbines; wind turbines and blades for onshore and offshore applications; and grid solutions, power conversion, storage, and software for electrification. GE Vernova serves utilities, independent power producers, governments, and industrial customers worldwide through three reportable segments: Power, Wind, and Electrification, with an installed base that generates a substantial share of global electricity.
Summary from 10-K filed 2026-01-29
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Total revenues | 38,068 | 34,935 | 33,239 | 29,654 | |
| Cost of equipment and services | 30,533 | 28,850 | 28,421 | 26,196 | |
| Gross profit | 7,535 | 6,085 | 4,818 | 3,458 | |
| Selling, general, and administrative expenses | 4,949 | 4,632 | 4,845 | 5,360 | |
| Research and development expenses | 1,197 | 982 | 896 | 979 | |
| Operating income (loss) | 1,388 | 471 | −923 | −2,881 | |
| Interest and other financial income (charges) net | 186 | 120 | −98 | −151 | |
| Non-operating benefit income | 459 | 536 | 567 | 188 | |
| Other income (expense) net (Note 19) | 795 | 1,372 | 324 | 370 | |
| Income (loss) before income taxes | 2,828 | 2,498 | −130 | −2,474 | |
| Provision (benefit) for income taxes (Note 15) | −2,051 | 939 | 344 | 248 | |
| Net income (loss) | 4,879 | 1,559 | −474 | −2,722 | |
| Net loss (income) attributable to noncontrolling interests | 4 | −7 | 36 | −14 | |
| Net income (loss) attributable to GE Vernova | 4,884 | 1,552 | −438 | −2,736 | |
| Basic (in dollars per share) | 17.92 | 5.65 | −1.6 | −10 | |
| Diluted (in dollars per share) | 17.69 | 5.58 | −1.6 | −10 | |
| Basic (in shares) | 272 | 275 | 274 | 274 | |
| Diluted (in shares) | 276 | 278 | 274 | 274 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-03-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash, cash equivalents, and restricted cash | 8,848 | 8,205 | 4,200 | 1,551 | 2,067 | |
| Current receivables net (Note 4) | 9,803 | 8,177 | — | — | — | |
| Inventories, including deferred inventory costs (Note 5) | 10,429 | 8,587 | — | 8,253 | — | |
| Current contract assets (Note 9) | 9,294 | 8,621 | — | 8,339 | — | |
| All other current assets (Note 10) | 1,445 | 564 | — | 352 | — | |
| Assets held for sale (Note 3) | 396 | 0 | — | 1,444 | — | |
| Current assets | 40,216 | 34,153 | — | 27,428 | — | |
| Property, plant, and equipment net (Note 6) | 6,006 | 5,150 | — | 5,228 | — | |
| Goodwill (Note 8) | 4,439 | 4,263 | — | 4,437 | 4,164 | |
| Intangible assets net (Note 8) | 727 | 813 | — | 1,042 | — | |
| Contract and other deferred assets (Note 9) | 378 | 555 | — | 621 | — | |
| Equity method investments (Note 11) | 1,834 | 2,149 | — | 3,555 | — | |
| Deferred income taxes (Note 15) | 5,321 | 1,639 | — | 1,582 | — | |
| All other assets (Note 10) | 4,095 | 2,763 | — | 2,228 | — | |
| Total assets | 63,016 | 51,485 | — | 46,121 | — | |
| Accounts payable and equipment project payables (Note 12) | 8,809 | 8,602 | — | — | — | |
| Contract liabilities and deferred income (Note 9) | 25,774 | 17,587 | — | 15,074 | — | |
| All other current liabilities (Note 14) | 6,310 | 5,496 | — | 4,352 | — | |
| Liabilities held for sale (Note 3) | 79 | 0 | — | 1,448 | — | |
| Current liabilities | 40,972 | 31,685 | — | 29,306 | — | |
| Deferred income taxes (Note 15) | 1,162 | 827 | — | 382 | — | |
| Non-current compensation and benefits | 3,171 | 3,264 | — | 3,273 | — | |
| All other liabilities (Note 14) | 5,416 | 5,116 | — | 4,780 | — | |
| Total liabilities | 50,720 | 40,892 | — | 37,741 | — | |
| Commitments and contingencies (Note 22) | — | — | — | — | — | |
| Common stock, par value $0.01 per share, 1,000,000,000 shares authorized, 269,529,464 and 275,880,314 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | 3 | 3 | — | 0 | — | |
| Additional paid-in capital | 9,813 | 9,733 | — | 0 | — | |
| Retained earnings | 6,154 | 1,611 | — | 0 | — | |
| Treasury common stock, 8,397,266 and 226,290 shares at cost as of December 31, 2025 and December 31, 2024, respectively | −3,385 | −43 | — | 0 | — | |
| Accumulated other comprehensive income (loss) net attributable to GE Vernova (Note 16) | −1,407 | −1,759 | — | −635 | — | |
| Total equity attributable to GE Vernova | 11,178 | 9,546 | — | 7,416 | — | |
| Noncontrolling interests | 1,118 | 1,047 | — | 964 | — | |
| Total equity | 12,296 | 10,593 | — | 8,380 | 11,607 | |
| Total liabilities and equity | 63,016 | 51,485 | — | 46,121 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization of property, plant, and equipment (Note 6) | 615 | 895 | 724 | 779 | |
| Amortization of intangible assets (Note 8) | 238 | 277 | 240 | 1,018 | |
| (Gains) losses on purchases and sales of business interests | −185 | −1,147 | −209 | −21 | |
| Principal pension plans net (Note 13) | −361 | −376 | −405 | 0 | |
| Other postretirement benefit plans net (Note 13) | −227 | −290 | −313 | −206 | |
| Cash recovered (paid) during the year for income taxes | −830 | −623 | −2 | −91 | |
| Decrease (increase) in current receivables | −1,928 | −1,297 | −839 | −870 | |
| Decrease (increase) in inventories, including deferred inventory costs | −1,433 | −641 | −240 | −949 | |
| Decrease (increase) in current contract assets | −456 | −409 | 113 | 353 | |
| Increase (decrease) in accounts payable and equipment project payables | −105 | 667 | −716 | 643 | |
| Increase (decrease) in contract liabilities and current deferred income | 8,019 | 2,799 | 2,812 | 1,282 | |
| All other operating activities | −1,187 | 229 | 151 | 302 | |
| Cash from (used for) operating activities | 4,987 | 2,583 | 1,186 | −114 | |
| Additions to property, plant, and equipment and internal-use software | −1,277 | −883 | −744 | −513 | |
| Dispositions of property, plant, and equipment | 39 | 25 | 60 | 53 | |
| Purchases of and contributions to equity method investments | −87 | −114 | −83 | −393 | |
| Sales of and distributions from equity method investments | 464 | 244 | 232 | 340 | |
| Proceeds from principal business dispositions | 60 | 813 | 0 | 0 | |
| All other investing activities | 47 | −122 | −199 | 191 | |
| Cash from (used for) investing activities | −755 | −37 | −734 | −322 | |
| Net increase (decrease) in borrowings of maturities of 90 days or less | 0 | −23 | 16 | 15 | |
| Transfers from (to) Parent | 0 | 2,933 | −361 | 947 | |
| Dividends paid to stockholders | −275 | 0 | 0 | — | |
| Purchases of common stock for treasury | −3,316 | −43 | 0 | — | |
| All other financing activities | −221 | 785 | −63 | −151 | |
| Cash from (used for) financing activities | −3,813 | 3,652 | −408 | 811 | |
| Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | 224 | −147 | 22 | −87 | |
| Increase (decrease) in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | 644 | 6,051 | 66 | 288 | |
| Less: Net increase (decrease) in cash classified within assets held for sale | 2 | −603 | 582 | 21 | |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 643 | 6,654 | −516 | 267 | |
| Cash paid during the year for interest | −53 | −74 | −83 | −77 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GE Vernova Inc.'s CIK number?
GE Vernova Inc.'s SEC CIK number is 0001996810 (1996810). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GE Vernova Inc.'s SEC filings?
All of GE Vernova Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GE Vernova Inc. last report earnings?
GE Vernova Inc. (GEV) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001996810-26-000063). This is GE Vernova Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is GE Vernova Inc.'s most recent earnings 8-K?
GE Vernova Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001996810-26-000063. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GE Vernova Inc.'s latest earnings 8-K →
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