GE Vernova (GEV) Q1 2025 10-Q Quarterly Report
Filed: Apr 23, 2025Period ending Mar 31, 2025
Information Technology
Electronic & Other Electrical Equipment (No Computer Equip)SEC EDGAR GE Vernova (GEV) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on Apr 23, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
GE Vernova Q1 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $8.03B, up 11% YoY from $7.26B; organic revenue $8.16B, up 15% YoY from $7.08B
- • Adjusted EBITDA $457M vs $189M YoY, adjusted EBITDA margin 5.7% vs 2.6% YoY, adjusted organic EBITDA margin 5.4% vs 3.7% YoY
- • Best segment: Power organic revenue $4.45B up 16%, EBITDA $493M up 23%, margin 11.1% vs 10.4% YoY; worst: Wind EBITDA loss $148M improving from $159M loss
- • Operating cash flow details not provided, reference to Capital Resources and Liquidity for free cash flow discussion
- • No updated guidance, management emphasizes non-GAAP measures to reflect core operations and ongoing trends
Risk Factors
- • New accounting standard ASU No. 2024-03 mandates detailed income statement expense disaggregation, effective fiscal 2027, early adoption permitted
- • Updated parent company credit support risk as GE Vernova pays quarterly fees to GE from April 2025 for remaining $15B obligations, 59% reduction since Spin-Off
- • Legal indemnity risk due to GE Vernova's obligation to indemnify GE for payments under existing parent company guarantees and credit support obligations
- • Near-term operational risk from $9B contractually maturing RPO related to GE credit support by December 31, 2029, linked to ongoing customer contracts
- • Financial risk from potential credit ratings downgrade below investment grade could increase financing and hedging costs, though liquidity impact currently estimated insignificant
GE Vernova Q1 2025 Quarterly FinancialsXBRL
Revenue
$8.0B
▲ +10.6% YoY
Net Income
$254M
▲ +295.4% YoY
Net Margin
3.2%
▲ +495bp YoY
Source: XBRL data from GE Vernova Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.
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