Revenue: As of FY2026 Q2, the actual value is USD 5.746 M, missing the estimate of USD 5.853 M.

EPS: As of FY2026 Q2, the actual value is USD -0.07.

EBIT: As of FY2026 Q2, the actual value is USD -2.111 M.

Financial Performance for Three Months Ended June 30, 2026 vs. 2025

Net Loss

Tecogen Inc.’s net loss for the three months ended June 30, 2026, was - $2.15 million, an increase of - $0.68 million compared to a net loss of - $1.46 million for the same period in 2025. This was primarily due to decreased gross profit from the Products segment and increased operating expenses.

Loss from Operations

Loss from operations for the three months ended June 30, 2026, was - $2.15 million, an increase of - $0.74 million from - $1.41 million in the same period in 2025, driven by decreased gross profit from the Products segment and higher operating expenses.

Segment Revenue

• Products Revenue: Products revenue decreased by 64.0% to $1.13 million in the three months ended June 30, 2026, from $3.16 million in the prior year, mainly due to decreased chiller and cogeneration revenue.
• Services Revenue: Services revenue increased by 10.3% to $4.38 million for the three months ended June 30, 2026, from $3.97 million in 2025, attributed to increased revenues from acquired Aegis maintenance contracts and existing service contracts.
• Energy Production Revenue: Energy Production revenue rose by 35.4% to $0.24 million in the three months ended June 30, 2026, from $0.17 million in 2025, due to improved site operations.

Gross Profit and Margin

Gross profit for the three months ended June 30, 2026, was $2.17 million, down from $2.46 million in the same period in 2025. Gross margin increased to 37.8% in 2026 from 33.8% in 2025, primarily due to a higher Products segment margin.

Operating Expenses

Operating expenses increased by $0.45 million, or 11.6%, to $4.32 million for the three months ended June 30, 2026, compared to $3.87 million in 2025, driven by increased payroll, benefits, depreciation and amortization, stock-based compensation, and business insurance.

Adjusted EBITDA

Adjusted EBITDA was - $1.68 million for the three months ended June 30, 2026, compared to - $1.16 million for the same period in 2025.

Financial Performance for Six Months Ended June 30, 2026 vs. 2025

Net Loss

Tecogen Inc.’s net loss for the six months ended June 30, 2026, was - $4.27 million, an increase of - $2.15 million compared to a net loss of - $2.12 million for the same period in 2025, due to decreased gross profit from the Products segment and increased operating expenses.

Loss from Operations

Loss from operations for the six months ended June 30, 2026, was - $4.29 million, an increase of - $2.28 million from - $2.01 million in the same period in 2025, due to decreased gross profit from the Products segment and higher operating expenses.

Segment Revenue

• Products Revenue: Products revenue decreased by 59.4% to $2.31 million in the six months ended June 30, 2026, from $5.69 million in the prior year, due to decreased chiller and cogeneration revenue.
• Services Revenue: Services revenue increased by 9.8% to $9.01 million for the six months ended June 30, 2026, from $8.21 million in 2025, driven by increased revenues from existing contracts and acquired Aegis maintenance contracts.
• Energy Production Revenue: Energy Production revenue rose by 12.9% to $0.76 million in the six months ended June 30, 2026, from $0.67 million in 2025, due to improved site operations.

Gross Profit and Margin

Gross profit for the six months ended June 30, 2026, was $4.76 million, down from $5.68 million in the same period in 2025. Gross margin increased to 39.4% in 2026 from 39.0% in 2025, due to a higher Products segment margin.

Operating Expenses

Operating expenses increased by $1.36 million, or 17.7%, to $9.05 million for the six months ended June 30, 2026, compared to $7.69 million in 2025, due to increased payroll, benefits, depreciation and amortization, stock-based compensation, and business insurance.

Adjusted EBITDA

Adjusted EBITDA was - $3.36 million for the six months ended June 30, 2026, compared to - $1.54 million for the same period in 2025.

Cash and Cash Equivalents

Cash and cash equivalents were $6.78 million at June 30, 2026.

Cash Flow from Operating Activities

Net cash used in operating activities for the six months ended June 30, 2026, was - $5.46 million, compared to - $3.78 million for the same period in 2025.

Outlook and Unique Metrics

Tecogen Inc.’s non-data center backlog currently stands at approximately $8 million, with an expectation of $2 million or more in additional orders over the next few months. The company anticipates Q3 product revenue to be higher than Q1 and Q2, and service revenue is currently 10% higher compared to the same period last year. The current cash position remains over $6 million due to lower cash burn from cost reductions and deposit collection.