GE Vernova Inc. (GEV)
NYSE: GEV · Electronic & Other Electrical Equipment (No Computer Equip) · Cambridge, MA · filing with the SEC since 2023
Income statement, as filed
In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Report filed | Jan 29, 2026 | Feb 6, 2025 | · | · |
| Revenue | 38,068 | 34,935 | 33,239 | 29,654 |
| Cost of revenue | 30,533 | 28,850 | 28,421 | 26,196 |
| Gross profit | 7,535 | 6,085 | 4,818 | 3,458 |
| Research and development | 1,197 | 982 | 896 | 979 |
| Selling, general and administrative | 4,949 | 4,632 | 4,845 | 5,360 |
| Operating income | 1,388 | 471 | -923 | -2,881 |
| Interest and investment income | 269 | 66 | 63 | 42 |
| Share of profit of equity-method investments | 269 | 53 | -64 | 60 |
| Other income (expense), net | 795 | 1,372 | 324 | 370 |
| Income before income taxes | 2,828 | 2,498 | -130 | -2,474 |
| Income tax expense | -2,051 | 939 | 344 | 248 |
| Net income including non-controlling interests | 4,879 | 1,559 | -474 | -2,722 |
| Net income to non-controlling interests | -4 | 7 | -36 | 14 |
| Net income | 4,884 | 1,552 | -438 | -2,736 |
| Earnings per share, basic | 17.92 | 5.65 | -1.60 | -10.00 |
| Earnings per share, diluted | 17.69 | 5.58 | -1.60 | -10.00 |
| Weighted average shares, basic | 272 | 275 | 274 | 274 |
| Weighted average shares, diluted | 276 | 278 | 274 | 274 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTaxCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfGoodsAndServicesSoldGross profit revenue less the cost of what it sold
us-gaap:GrossProfitResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest and investment income what its cash and investments earned
us-gaap:InvestmentIncomeNetShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding