Revenue: As of FY2026 Q1, the actual value is USD 6.336 M, beating the estimate of USD 4.98 M.EPS: As of FY2026 Q1, the actual value is USD -0.07.EBIT: As of FY2026 Q1, the actual value is USD -2.074 M.<h4>Total Revenues</h4>Tecogen Inc.’s total revenues decreased by 12.9% year-over-year, from $7,277,770 for the three months ended March 31, 2025, to $6,335,769 for the same period in 2026.<h4>Segment Revenue</h4><ul><li>Products Segment Revenue decreased by 53.6%, from $2,533,809 in 2025 to $1,175,300 in 2026. This decline was driven by decreases in cogeneration sales (down $724,128), chiller sales (down $593,608), and Engineered Accessories sales (down $40,773).</li><li>Services Segment Revenue increased by 9.2%, from $4,245,022 in 2025 to $4,636,394 in 2026. This increase was primarily due to a $412,001 increase from existing service contracts, partially offset by a - $20,629 reduction from acquired Aegis maintenance contracts.</li><li>Energy Production Segment Revenue increased by 5.0%, from $498,939 in 2025 to $524,075 in 2026, driven by an increase in run hours at certain sites.</li></ul><h4>Gross Profit</h4>Gross Profit decreased from $3,221,040 in 2025 to $2,589,662 in 2026. Products Segment Gross Profit decreased from $1,046,059 in 2025 to $527,952 in 2026, although the gross margin for Products increased from 41.3% to 44.9% due to price increases instituted in 2026. Services Segment Gross Profit decreased from $1,986,124 in 2025 to $1,936,225 in 2026. The gross margin for Services decreased from 46.8% to 41.8% due to increased labor and material costs. Energy Production Segment Gross Profit decreased from $188,857 in 2025 to $125,485 in 2026. The gross margin for Energy Production decreased from 37.9% to 23.9% due to increased gas costs.<h4>Total Operating Expenses</h4>Total Operating Expenses increased by 23.9%, from $3,815,284 in 2025 to $4,725,571 in 2026. General and Administrative Expenses increased by 27.0%, from $2,928,135 in 2025 to $3,718,472 in 2026, primarily due to increased payroll and benefits, operating supply costs, credit losses, depreciation and amortization, stock-based compensation, facility costs, travel costs, and business insurance. Selling Expenses increased by 7.8%, from $594,481 in 2025 to $640,932 in 2026, due to increased advertising and trade show spending targeted at the data center market. Research and Development Expenses increased by 24.3%, from $292,668 in 2025 to $363,823 in 2026, driven by increased payroll costs and spending to improve the hybrid-drive air-cooled chiller.<h4>Loss from Operations</h4>Loss from Operations increased from - $594,244 in 2025 to - $2,135,909 in 2026. Products Segment Loss from Operations was - $254,965 in 2026, compared to a profit of $476,230 in 2025. Services Segment Loss from Operations was - $198,747 in 2026, compared to a profit of $225,678 in 2025. Energy Production Segment Profit from Operations was $82,939 in 2026, compared to $172,388 in 2025. Corporate Loss from Operations was - $1,765,136 in 2026, compared to - $1,468,540 in 2025.<h4>Consolidated Net Loss</h4>Consolidated Net Loss was - $2,118,655 for the three months ended March 31, 2026, compared to - $660,489 for the same period in 2025.<h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities increased from - $1,173,403 in 2025 to - $3,108,121 in 2026, representing an increase of - $1,934,718 in cash used.</li><li>Net Cash Provided by (Used in) Investing Activities was $50,346 in 2026, compared to - $164,909 in 2025.</li><li>Net Cash Used in Financing Activities was - $39,862 in 2026, compared to - $128 in 2025.</li></ul><h4>Unique Metrics</h4><ul><li>Backlog (Product and Installation Projects) as of March 31, 2026, was $8,201,626, consisting of $2,046,462 in purchase orders and $6,155,164 in verbally committed projects. This represents a decrease from $9,522,015 as of March 31, 2025, which included $9,091,587 in purchase orders and $430,428 in verbally committed projects.</li><li>Remaining Performance Obligations related to ASC 606 were approximately $4,194,905 as of March 31, 2026. Tecogen Inc. expects to recognize approximately 33.1% of these obligations over the next 24 months, with 22.7% in the first 12 months and 10.4% in the subsequent 12 months.</li></ul><h4>Future Outlook and Strategy</h4>Tecogen Inc. plans to use proceeds from a July 2025 public offering for product development, sales and marketing expansion, human resources, capital expenditures, repayment of related party promissory notes, and expansion into the data center market. The company identifies power-constrained customers, particularly data centers and industrial facilities, as significant growth opportunities, noting that its chiller products can reduce electrical capacity needs by 30% or more. Tecogen Inc. also believes its hybrid chiller offers a decarbonization advantage by selecting the cleanest fuel source, especially as regulations consider scope 2 emissions.

Tecogen | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 6.336 M