10-Q quarterly report · filed Jul 23, 2025

GE Vernova (GEV) Q2 2025 10-Q Quarterly Report

Short answer

GE Vernova (GEV) filed its Q2 2025 10-Q quarterly report on Jul 23, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $9.1B (up 11.1% year over year) with net income of $514M.

Q2 2025 key financials · XBRL

Revenue
$9.1B
+11.1% YoY · +13.4% QoQ
Net income
$514M
−60.3% YoY · +102.4% QoQ
Operating margin
4.1%
Gross margin
20.3%
EPS (diluted)
$1.86
−55.9% YoY · +104.4% QoQ

Source: XBRL data from the GE Vernova (GEV) Q2 2025 10-Q on SEC EDGAR. USD.

GE Vernova Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $9.1B, up 11% YoY from $8.2B, organic revenue up 12% to $9.0B from $8.1B
  • Adjusted EBITDA margin 8.5% vs 6.4% YoY, adjusted organic EBITDA margin 8.1% vs 7.3% YoY
  • Best segment Electrification: revenue up 23% YoY to $2.2B, segment EBITDA margin 14.6% vs 7.2% YoY
  • Worst segment Wind: revenue up 9% YoY to $2.2B, negative segment EBITDA margin widened to (7.3%) vs (5.7%) YoY
  • Net income down 62% YoY to $492M, adjusted EBITDA up 47% to $770M; no explicit cash flow or capital deployment details in section

Risk Factors

  • Newly added accounting disclosure risk from FASB ASU No. 2024-03 on income statement expense disaggregation, effective after December 15, 2026
  • Most updated financial risk: GE Vernova RPO related to GE credit support reduced over 65% since Spin-Off to $12B as of June 30, 2025
  • Regulatory risk from FASB ASU No. 2023-09 requires detailed income tax disclosure starting fiscal 2025 adoption
  • Operational risk tied to dependencies on parent company GE credit support with indemnification obligations continuing post-Spin-Off
  • Financial liquidity risk linked to potential credit rating downgrade below investment grade, though current liquidity impact deemed insignificant

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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