Short answer
GE Vernova (GEV) filed its Q3 2025 10-Q quarterly report on Oct 22, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $10.0B (up 11.8% year over year) with net income of $452M.
Q3 2025 key financials · XBRL
- Revenue
- $10.0B
- +11.8% YoY · +9.4% QoQ
- Net income
- $452M
- +570.8% YoY · −12.1% QoQ
- Operating margin
- 3.7%
- Gross margin
- 19.0%
- EPS (diluted)
- $1.64
- +543.2% YoY · −11.8% QoQ
Source: XBRL data from the GE Vernova (GEV) Q3 2025 10-Q on SEC EDGAR. USD.
GE Vernova Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $9.97B for Q3 2025, up 12% YoY from $8.91B in Q3 2024
- Adjusted EBITDA margin 8.1% vs 2.7% YoY, Adjusted organic EBITDA margin 8.5% vs 2.5% YoY
- Best segment: Electrification revenue $2.54B organic, +32% YoY; EBITDA margin 15.7% vs 10.2%, +5.5pts
- Worst segment: Wind revenue $2.62B organic, down 9% YoY; EBITDA margin (0.1%) vs (10.8%) improving 10.7pts but still negative
- Net income $453M vs loss of $99M YoY; operating cash flow and capital deployment details referenced in Capital Resources and Liquidity section
Risk Factors
- New FASB ASU 2024-03 requires income statement expense disaggregation starting FY 2027, impacting GE Vernova’s financial disclosures
- Most material update: $10B Remaining Performance Obligations under GE credit support, a 71% decrease since Spin-Off, with $7B maturing by 2029
- Regulatory risk: adoption of FASB ASU 2023-09 mandates improved income tax disclosures for FY 2025, affecting tax reconciliation and jurisdictional data
- Operational risk: ongoing novation and replacement of GE parent company guarantees post-Spin-Off could disrupt contract performance and credit support
- Financial risk: Potential credit rating downgrade below investment grade could increase financing costs and reduce credit availability despite estimated insignificant liquidity impact
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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