GE Vernova (GEV) Q3 2025 10-Q Quarterly Report

Filed: Oct 22, 2025Period ending Sep 30, 2025
Information Technology
Electronic & Other Electrical Equipment (No Computer Equip)SEC EDGAR

GE Vernova (GEV) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 22, 2025 for the fiscal period ending Sep 30, 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 Q3 2025 10-Q Analysis

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

GE Vernova Q3 2025 Quarterly Financials
XBRL

Revenue

$10.0B

+11.8% YoY +9.4% QoQ

Net Income

$452M

+570.8% YoY -12.1% QoQ

Net Margin

4.5%

+561bp YoY -111bp QoQ

Source: XBRL data from GE Vernova Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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