Short answer
GE Vernova (GEV) filed its Q1 2025 10-Q quarterly report on Apr 23, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $8.0B (up 10.6% year over year) with net income of $254M.
Q1 2025 key financials · XBRL
- Revenue
- $8.0B
- +10.6% YoY
- Net income
- $254M
- +295.4% YoY
- Operating margin
- 0.5%
- Gross margin
- 18.3%
- EPS (diluted)
- $0.91
Source: XBRL data from the GE Vernova (GEV) Q1 2025 10-Q on SEC EDGAR. USD.
GE Vernova Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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