GE Vernova Inc.

GEV 10-Q · Q2 2025

GEV Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 9,111 8,204 +11.1%
Show Product Lines breakouts
Product 4,894 4,194 +16.7%
Product · Electrification 1,649 1,246 +32.3%
Product · Operating Segments 4,894 4,190 +16.8%
Product · Power 1,459 1,284 +13.6%
Product · Wind 1,786 1,660 +7.6%
Service 4,217 4,010 +5.2%
Service · Electrification 503 475 +5.9%
Service · Operating Segments 4,205 3,997 +5.2%
Service · Power 3,254 3,129 +4.0%
Service · Wind 447 393 +13.7%
Show Business Segments breakouts
Electrification · Electrification Software 220 223 -1.3%
Electrification · Grid Solutions 1,570 1,142 +37.5%
Electrification · Intersegment Elimination 49 69 -29.0%
Electrification · Operating segments, inclusive of intersegment sales 2,201 1,790 +23.0%
Electrification · Power Conversion & Storage 411 426 -3.5%
Power · Gas Power 3,884 3,459 +12.3%
Power · Hydro Power 201 182 +10.4%
Power · Intersegment Elimination 45 42 +7.1%
Power · Nuclear Power 189 222 -14.9%
Power · Operating segments, inclusive of intersegment sales 4,758 4,455 +6.8%
Power · Steam Power 484 592 -18.2%
Wind · Intersegment Elimination 11 9 +22.2%
Wind · LM Wind Power 58 149 -61.1%
Wind · Offshore Wind 225 353 -36.3%
Wind · Onshore Wind 1,962 1,560 +25.8%
Wind · Operating segments, inclusive of intersegment sales 2,245 2,062 +8.9%
Show Consolidation Items breakouts
Intersegment Elimination 105 119 -11.8%
Operating segments, inclusive of intersegment sales 9,204 8,307 +10.8%
Other revenues and elimination of intersegment revenues -92 -103 +10.7%
Cost of Revenue 7,266 6,502 +11.8%
Show Product Lines breakouts
Product 4,265 3,853 +10.7%
Service 3,000 2,649 +13.3%
Gross Profit 1,846 1,702 +8.5%
Research & Development 282 237 +19.0%
Selling, General & Administrative 1,185 938 +26.3%
Operating Income 378 527 -28.3%
Other Non-Operating Income (Expense) 115 881 -86.9%
Income Before Taxes 645 1,602 -59.7%
Income Tax Expense (Benefit) 153 322 -52.5%
Show Consolidation Items breakouts
Corporate Non Segment · Financial Services 2 -11 +118.2%
Material Reconciling Items 151 333 -54.7%
Net Income 492 1,280 -61.6%
Show Equity Components breakouts
Noncontrolling Interest -22 -14 -57.1%
Retained Earnings 514 1,294 -60.3%
Net Income 514 1,294 -60.3%
Comprehensive Income 729 930 -21.6%
EPS (Basic) 1.89 4.72 -60.0%
EPS (Diluted) 1.86 4.65 -60.0%
Wtd Avg Shares (Basic) 272 274 -0.7%
Wtd Avg Shares (Diluted) 276 278 -0.7%
Net Income Loss Attributable To Noncontrolling Interest 22 14 +57.1%
Income Loss From Equity Method Investments 67 1 +6600.0%
Show Business Segments breakouts
Electrification · Operating Segments 54 12 +350.0%
Power · Operating Segments 16 28 -42.9%
Show Consolidation Items breakouts
Corporate Non Segment -3 -40 +92.5%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Receivables Net Current 6,948
Inventory 9,825 9,346 +5.1%
Contract With Customer Asset Net Current 9,489 8,702 +9.0%
Show Product Lines breakouts
Product 3,892 3,356 +16.0%
Product · Electrification 1,368 1,065 +28.5%
Product · Power 1,665 1,696 -1.8%
Product · Wind 858 595 +44.2%
Service 5,597 5,346 +4.7%
Service · Power 5,597 5,346 +4.7%
Show Business Segments breakouts
Electrification 1,368 1,065 +28.5%
Power 7,262 7,042 +3.1%
Wind 858 595 +44.2%
Other Assets Current 555 463 +19.9%
Total Current Assets 34,709 30,722 +13.0%
Non-Current Assets
Goodwill 4,528
Show Business Segments breakouts
Electrification · Operating Segments 926
Power · Operating Segments 328
Wind · Operating Segments 3,274
Contract And Other Deferred Assets Noncurrent 496 614 -19.2%
Show Business Segments breakouts
Electrification 11 11 0.0%
Power 483 593 -18.5%
Wind 2 11 -81.8%
Deferred Tax Assets 1,733 1,383 +25.3%
Other Non-Current Assets 3,282 2,480 +32.3%
Total Assets 53,078
Show Business Segments breakouts
Electrification · Operating Segments 7,992
Power · Operating Segments 24,389
Wind · Operating Segments 10,492
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary 109
Variable Interest Entity Not Primary Beneficiary · Financial Services 51
Variable Interest Entity Primary Beneficiary 76
Show Consolidation Items breakouts
Corporate Non Segment 10,205
Operating Lease Right-of-Use Assets 750 649 +15.6%
Other Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 7,892 5,779 +36.6%
Property Plant And Equipment And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization 5,419 5,168 +4.9%
Intangible Assets Net Excluding Goodwill 739 925 -20.1%
Equity Method Investments 2,170 2,405 -9.8%
Show Business Segments breakouts
Electrification · Operating Segments 731 824 -11.3%
Power · Operating Segments 898 1,034 -13.2%
Wind · Operating Segments 47 48 -2.1%
Show Consolidation Items breakouts
Corporate Non Segment 495 500 -1.0%
Current Liabilities
Accounts Payable And Other Accrued Liabilities Current 9,035
Show Counterparty Name breakouts
Aero Alliance · Related Party 72
Deferred Revenue (Current) 19,603 16,536 +18.5%
Show Business Segments breakouts
Electrification 5,160 3,252 +58.7%
Power 11,643 8,143 +43.0%
Wind 2,798 5,140 -45.6%
Other Liabilities Current 5,123 4,644 +10.3%
Total Current Liabilities 33,761 29,065 +16.2%
Non-Current Liabilities
Deferred Tax Liabilities 818 674 +21.4%
Deferred Compensation Liability Classified Noncurrent 3,243 3,224 +0.6%
Other Non-Current Liabilities 5,309 5,040 +5.3%
Total Liabilities 43,131
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 110
Contract With Customer Liability Noncurrent 148 193 -23.3%
Show Business Segments breakouts
Electrification 15 26 -42.3%
Power 30 49 -38.8%
Wind 103 118 -12.7%
Stockholders' Equity
Common Stock 3 3 0.0%
Additional Paid-In Capital 9,714 8,801 +10.4%
Retained Earnings 2,241 1,294 +73.2%
Treasury Stock Common Value -1,636
Accumulated Other Comprehensive Income -1,445 -1,031 -40.2%
Total Stockholders' Equity 8,877 9,067 -2.1%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 9,947 10,049 -1.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -217 333 -165.2%
Accumulated Gain Loss Net Cash Flow Hedge Parent 68 77 -11.7%
Accumulated Other Comprehensive Income -1,445 -1,031 -40.2%
Accumulated Translation Adjustment -1,296 -1,441 +10.1%
Additional Paid In Capital 9,714 8,801 +10.4%
Common Stock 3 3 0.0%
Noncontrolling Interest 1,070 982 +9.0%
Retained Earnings 2,241 1,294 +73.2%
Treasury Stock Common -1,636
Total Liabilities & Equity 53,078 48,052 +10.5%
Minority Interest 1,070 982 +9.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization (YTD)
Show Consolidation Items breakouts
Material Reconciling Items -406 -445 +8.8%
Change in Inventory -883 -1,288 +31.4%
Change in Deferred Revenue 1,860 1,596 +16.5%
Change in Other Liabilities 193
Net Cash from Operations 1,528 535 +185.6%
Investing Activities
Other Investing Activities 49 51 -3.9%
Net Cash from Investing -214 252 -184.9%
Financing Activities
Share Repurchases -1,581
Net Cash from Financing -1,861 2,904 -164.1%
Supplemental
Income Taxes Paid -363 -173 -109.8%
Other Cash Flow
Net Change in Cash -312 3,625 -108.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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