What is GE Vernova's revenue performance for the third quarter and year-to-date 2025?

For the three months ended September 30, 2025, GE Vernova reported total revenues of $9.97 billion, an increase of 12% compared to the prior year period. For the nine months ended September 30, 2025, total revenues were $27.11 billion, an increase of 11% compared to the same period in 2024. This growth was driven by increases in equipment and services revenues across most segments.

How did GE Vernova's profitability change in the third quarter of 2025?

GE Vernova experienced a significant improvement in profitability. Net income attributable to GE Vernova was $452 million ($1.64 per diluted share) for the third quarter of 2025, a substantial turnaround from a net loss of $96 million ($(0.35) per diluted share) in the third quarter of 2024. This improvement was driven by higher revenues, improved gross margins, and operational efficiencies.

What is the status of GE Vernova's backlog, and what does it indicate for future performance?

GE Vernova's total Remaining Performance Obligation (RPO), a measure of backlog, stood at $135.3 billion as of September 30, 2025. This represents a 15% increase year-over-year, primarily driven by strong order intake in the Power and Electrification segments. The robust backlog indicates significant future revenue visibility and supports management's optimistic outlook.

How is GE Vernova managing its cash flow and capital allocation?

The company demonstrated strong cash flow generation, with cash from operating activities at $2.5 billion and free cash flow at $1.9 billion for the first nine months of 2025. GE Vernova is actively returning capital to shareholders, having repurchased approximately $2.2 billion of its common stock and declared a quarterly dividend of $0.25 per share. The company maintains a strong liquidity position with $7.9 billion in cash and cash equivalents and access to a $3.0 billion credit facility.

GEV 10-Q Quarterly Report Q3 FY2025 — Revenue, Net Income, EPS

Summary

GE Vernova Inc. (GEV) reported a significant improvement in its financial performance for the third quarter and the first nine months of fiscal year 2025. Total revenues increased by 12% to $10.0 billion for the quarter and by 11% to $27.1 billion year-to-date. Net income attributable to GE Vernova surged to $452 million ($1.64 per diluted share) for the quarter, a substantial improvement from a net loss of $96 million in the prior year period. For the nine-month period, net income attributable to GE Vernova was $1.22 billion ($4.41 per diluted share), up from $1.07 billion in the same period last year. The company also demonstrated strong operational execution, with Segment EBITDA showing significant growth across all segments, particularly in Power and Electrification. The company's robust backlog (RPO) stands at $135.3 billion, indicating strong future revenue potential. The company's improved profitability is driven by higher revenues across all segments, favorable pricing, increased productivity, and a reduction in contract losses, especially in the Wind segment. Furthermore, GE Vernova is actively managing its capital, repurchasing shares and initiating dividend payments, underscoring its commitment to shareholder returns. The company's liquidity remains strong with $7.9 billion in cash and cash equivalents and access to a $3.0 billion revolving credit facility. Management anticipates continued positive performance, supported by ongoing demand for electrification and decarbonization solutions.

Financial Highlights

44 data points

Beta

Revenue

$9.97B

0.2% Gross Margin

Net Income

$452.00M

0.0% Net Margin

EPS (Diluted)

$1.64

Total Assets

$54.40B

Cash & Equivalents

$7.95B

Free Cash Flow

$980.00M

Financial Statements

Beta

Revenue	$9.97B
Cost of Revenue	$8.07B
Gross Profit	$1.90B
R&D Expenses	$310.00M
SG&A Expenses	$1.22B
Operating Income	$366.00M
Net Income	$452.00M
EPS (Basic)	$1.66
EPS (Diluted)	$1.64
Shares Outstanding (Basic)	272.00M
Shares Outstanding (Diluted)	275.00M

Key Highlights

1Total revenues increased by 12% to $10.0 billion for Q3 2025 and by 11% to $27.1 billion for the first nine months of 2025.
2Net income attributable to GE Vernova was $452 million for Q3 2025, a significant improvement from a net loss of $96 million in Q3 2024.
3Diluted EPS was $1.64 for Q3 2025, compared to $(0.35) in Q3 2024.
4Backlog (RPO) increased to $135.3 billion as of September 30, 2025, up 15% year-over-year, indicating strong future revenue potential.
5Segment EBITDA showed substantial improvement across Power, Wind, and Electrification segments, reflecting operational efficiencies and favorable market conditions.
6Cash flow from operations was strong at $2.5 billion for the first nine months of 2025, with free cash flow reaching $1.9 billion.
7The company repurchased approximately $2.2 billion of its common stock and declared a quarterly dividend of $0.25 per share during the period.

GE Vernova Inc. Quarterly Report for Q3 Ended Sep 30, 2025

Summary

Financial Highlights

Key Highlights

Frequently Asked Questions