The Filings Report

GE Vernova Inc.

GEVNYSECIK 1996810Industrials / Electrical Equipmentfiscal year ends December15 quarters since 2023

Revenue, Q3 FY2026
$12.6B
+26.8% on Q3 FY2025
Net income
$1.3B
+185.6% on Q3 FY2025
Free cash flow
$5.4B
+638.1% on Q3 FY2025
Diluted EPS
$4.81
+193.3% on Q3 FY2025
Revenue, TTM
$44.0B
trailing four quarters
Net margin, TTM
23.5%
net income $10.4B
Free cash flow, TTM
$17.1B
$19.2B less $2.1B capex
Cash and equivalents
—
long-term debt —, Sep 30, 2026
Shares, 12-month change
−2.5%
265M shares, Sep 30, 2026
Buybacks, TTM
$6.4B
2.8% of market value
Dividends, TTM
$474M
0.2% of market value
Market value
$227.1B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 28, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, GE Vernova Inc. reported revenue of $12.6B, +26.8% on Q3 FY2025, and net income of $1.3B (+185.6%). Operating margin was 11.0%. Free cash flow, operating cash flow less capital expenditures, was $5.4B ($6.1B less $647M). Diluted earnings per share were $4.81.

The last 15 quarters

Q1 FY2023 to Q3 FY2026, through the filing of October 28, 2026.

Revenue and net incomeRevenueNet income
−$5B$0$5B$10B$15BQ1'23, Revenue: $6.8BQ1'23, Net income: −$315MQ1'23Q2'23, Revenue: $8.1BQ2'23, Net income: −$150MQ2'23Q3'23, Revenue: $8.3BQ3'23, Net income: −$170MQ3'23Q4'23, Revenue: $10.0BQ4'23, Net income: $197MQ4'23Q1'24, Revenue: $7.3BQ1'24, Net income: −$130MQ1'24Q2'24, Revenue: $8.2BQ2'24, Net income: $1.3BQ2'24Q3'24, Revenue: $8.9BQ3'24, Net income: −$96MQ3'24Q4'24, Revenue: $10.6BQ4'24, Net income: $484MQ4'24Q1'25, Revenue: $8.0BQ1'25, Net income: $254MQ1'25Q2'25, Revenue: $9.1BQ2'25, Net income: $514MQ2'25Q3'25, Revenue: $10.0BQ3'25, Net income: $452MQ3'25Q4'25, Revenue: $11.0BQ4'25, Net income: $3.7BQ4'25Q1'26, Revenue: $9.3BQ1'26, Net income: $4.7BQ1'26Q2'26, Revenue: $11.1BQ2'26, Net income: $668MQ2'26Q3'26, Revenue: $12.6BQ3'26, Net income: $1.3BQ3'26−$5B$0$5B$10B$15BQ1'23, Revenue: $6.8BQ1'23, Net income: −$315MQ1'23Q2'23, Revenue: $8.1BQ2'23, Net income: −$150MQ3'23, Revenue: $8.3BQ3'23, Net income: −$170MQ3'23Q4'23, Revenue: $10.0BQ4'23, Net income: $197MQ1'24, Revenue: $7.3BQ1'24, Net income: −$130MQ1'24Q2'24, Revenue: $8.2BQ2'24, Net income: $1.3BQ3'24, Revenue: $8.9BQ3'24, Net income: −$96MQ3'24Q4'24, Revenue: $10.6BQ4'24, Net income: $484MQ1'25, Revenue: $8.0BQ1'25, Net income: $254MQ1'25Q2'25, Revenue: $9.1BQ2'25, Net income: $514MQ3'25, Revenue: $10.0BQ3'25, Net income: $452MQ3'25Q4'25, Revenue: $11.0BQ4'25, Net income: $3.7BQ1'26, Revenue: $9.3BQ1'26, Net income: $4.7BQ1'26Q2'26, Revenue: $11.1BQ2'26, Net income: $668MQ3'26, Revenue: $12.6BQ3'26, Net income: $1.3BQ3'26

Net income losses drawn in red.

Free cash flow
−$2B$0$2B$4B$6BQ1'23, Free cash flow: −$814MQ1'23Q2'23, Free cash flow: −$447MQ2'23Q3'23, Free cash flow: $52MQ3'23Q4'23, Free cash flow: $1.7BQ4'23Q1'24, Free cash flow: −$661MQ1'24Q2'24, Free cash flow: $822MQ2'24Q3'24, Free cash flow: $968MQ3'24Q4'24, Free cash flow: $571MQ4'24Q1'25, Free cash flow: $975MQ1'25Q2'25, Free cash flow: $194MQ2'25Q3'25, Free cash flow: $733MQ3'25Q4'25, Free cash flow: $1.8BQ4'25Q1'26, Free cash flow: $4.8BQ1'26Q2'26, Free cash flow: $5.1BQ2'26Q3'26, Free cash flow: $5.4BQ3'26−$2B$0$2B$4B$6BQ1'23, Free cash flow: −$814MQ1'23Q2'23, Free cash flow: −$447MQ3'23, Free cash flow: $52MQ3'23Q4'23, Free cash flow: $1.7BQ1'24, Free cash flow: −$661MQ1'24Q2'24, Free cash flow: $822MQ3'24, Free cash flow: $968MQ3'24Q4'24, Free cash flow: $571MQ1'25, Free cash flow: $975MQ1'25Q2'25, Free cash flow: $194MQ3'25, Free cash flow: $733MQ3'25Q4'25, Free cash flow: $1.8BQ1'26, Free cash flow: $4.8BQ1'26Q2'26, Free cash flow: $5.1BQ3'26, Free cash flow: $5.4BQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

GE Vernova Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 22, 2026Q1 FY2026ended Mar 31, 2026filed Apr 22, 2026Q4 FY2025ended Dec 31, 2025filed Jan 29, 2026Q3 FY2025ended Sep 30, 2025filed Oct 22, 2025Q2 FY2025ended Jun 30, 2025filed Jul 23, 2025Q1 FY2025ended Mar 31, 2025filed Apr 23, 2025Q4 FY2024ended Dec 31, 2024filed Feb 6, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue12,64211,1049,33910,9569,9699,1118,03210,559+26.8%
Cost of revenue9,5368,7447,5588,6348,0717,2666,5628,435+18.2%
Gross profit3,1072,3601,7812,3221,8971,8461,4702,123+63.8%
Research and development358334304365310282239265+15.5%
Selling, general and administrative1,3541,3721,2981,3551,2211,1851,1881,266+10.9%
Operating income1,39465317960136637843593+280.9%
Other income (expense)105804,762340221115119347−52.5%
Pretax income1,7829255,1031,1057466453321,113+138.9%
Income tax493276354(2,565)29315368629+68.3%
Net income1,2916684,7453,664452514254484+185.6%
Diluted EPS ($)4.812.4717.44—1.641.860.91—+193.3%
Diluted shares (millions)268270272—275276279——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

GE Vernova Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 22, 2026Q1 FY2026ended Mar 31, 2026filed Apr 22, 2026Q4 FY2025ended Dec 31, 2025filed Jan 29, 2026Q3 FY2025ended Sep 30, 2025filed Oct 22, 2025Q2 FY2025ended Jun 30, 2025filed Jul 23, 2025Q1 FY2025ended Mar 31, 2025filed Apr 23, 2025Q4 FY2024ended Dec 31, 2024filed Feb 6, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents—————————
Short-term investments—————————
Total current assets51,68147,43342,96940,21636,27834,70933,93634,153+42.5%
Total assets86,22080,80075,61263,01654,39853,07851,55951,485+58.5%
Total current liabilities62,46755,83048,09440,97235,27233,76132,67731,685+77.1%
Long-term debt—————————
Total liabilities73,68267,68560,54750,72044,66943,13141,88740,892+65.0%
Stockholders’ equity11,38211,95713,92211,1788,6468,8778,6079,546+31.6%
Shares outstanding (millions)265266269270271272273276—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

GE Vernova Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 22, 2026Q1 FY2026ended Mar 31, 2026filed Apr 22, 2026Q4 FY2025ended Dec 31, 2025filed Jan 29, 2026Q3 FY2025ended Sep 30, 2025filed Oct 22, 2025Q2 FY2025ended Jun 30, 2025filed Jul 23, 2025Q1 FY2025ended Mar 31, 2025filed Apr 23, 2025Q4 FY2024ended Dec 31, 2024filed Feb 6, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow6,0575,4925,1882,4799803671,161921+518.1%
Capital expenditures647386397671247173186350+161.9%
Free cash flow (CFO − capex)5,4105,1064,7911,808733194975571+638.1%
Depreciation and amortization—————————
Share repurchases1,6252,3931,2781,0756604801,1013+146.2%
Dividends paid133136137686870690+95.6%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed January 29, 2026.

Income statement

GE Vernova Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Jan 29, 2026FY2024ended Dec 31, 2024filed Feb 6, 2025FY2023ended Dec 31, 2023filed Apr 30, 2024FY2022ended Dec 31, 2022filed Feb 6, 2025
Revenue38,06834,93533,23929,654
Cost of revenue30,53328,85028,42126,196
Gross profit7,5356,0854,8183,458
Research and development1,197982896979
Selling, general and administrative4,9494,6324,8455,360
Operating income1,388471(923)(2,881)
Other income (expense)7951,372324370
Pretax income2,8282,498(130)(2,474)
Income tax(2,051)939344248
Net income4,8841,552(438)(2,736)
Diluted EPS ($)17.695.58(1.60)(10.00)
Diluted shares (millions)276278274274

Balance sheet

GE Vernova Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Jan 29, 2026FY2024ended Dec 31, 2024filed Feb 6, 2025FY2023ended Dec 31, 2023filed Apr 30, 2024FY2022ended Dec 31, 2022filed Feb 6, 2025
Cash and equivalents————
Short-term investments————
Total current assets40,21634,15327,428—
Total assets63,01651,48546,121—
Total current liabilities40,97231,68529,306—
Long-term debt————
Total liabilities50,72040,89237,741—
Stockholders’ equity11,1789,5467,416—
Shares outstanding (millions)270276274—

Cash flow statement

GE Vernova Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Jan 29, 2026FY2024ended Dec 31, 2024filed Feb 6, 2025FY2023ended Dec 31, 2023filed Apr 30, 2024FY2022ended Dec 31, 2022filed Feb 6, 2025
Operating cash flow4,9872,5831,186(114)
Capital expenditures1,277883744513
Free cash flow (CFO − capex)3,7101,700442(627)
Depreciation and amortization————
Share repurchases3,316430—
Dividends paid27500—

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$12M
3 sales by 3 insiders; officers and directors $12M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Jun 1, 2026Abate VictorChief Executive Officer, Windopen-market sale4,819$948.08$5M1,835Jun 3, 2026
May 14, 2026Potvin Matthew JosephChief Accounting Officeropen-market sale2,333$1059.09$2M3,549May 18, 2026
May 14, 2026Matthew C. HarrisDirectoroption exercise495$0.00—1,824May 18, 2026
May 14, 2026Akins Nicholas KDirectoroption exercise495$0.00—1,831May 18, 2026
May 14, 2026Reynolds Paula RosputDirectoroption exercise495$0.00—3,214May 18, 2026
May 14, 2026Donald Arnold WDirectoroption exercise495$0.00—1,824May 18, 2026
May 14, 2026Hundmejean MartinaDirectoroption exercise495$0.00—2,037May 18, 2026
May 14, 2026Rucker Kim K.W.Directoroption exercise495$0.00—1,824May 18, 2026
May 14, 2026Malave Jesus JRDirectoroption exercise495$0.00—1,842May 18, 2026
May 14, 2026Angel Stephen FDirectoroption exercise495$0.00—3,108May 18, 2026
May 14, 2026Angel Stephen FDirectoroption exercise855$0.00—3,963May 18, 2026
Apr 27, 2026Strazik ScottCEO & President, Directoroption exercise21,754$149.78$3M153,800Apr 29, 2026
Apr 27, 2026Strazik ScottCEO & President, Directortax withholding12,273$1114.88$14M141,527Apr 29, 2026
Apr 27, 2026Strazik ScottCEO & President, Directoroption exercise22,742$92.13$2M164,269Apr 29, 2026
Apr 27, 2026Strazik ScottCEO & President, Directortax withholding11,987$1115.60$13M152,282Apr 29, 2026
Apr 3, 2026Baert StevenChief People Officeroption exercise8,505$0.00—21,151Apr 7, 2026
Apr 3, 2026Baert StevenChief People Officertax withholding4,113$898.57$4M17,038Apr 7, 2026
Mar 3, 2026Baert StevenChief People Officeropen-market sale5,300$850.00$5M12,646Mar 3, 2026
Mar 1, 2026Strazik ScottCEO & President, Directoroption exercise67,272$0.00—159,797Mar 3, 2026
Mar 1, 2026Strazik ScottCEO & President, Directortax withholding32,809$873.60$29M126,988Mar 3, 2026
Mar 1, 2026Strazik ScottCEO & President, Directoroption exercise6,756$0.00—133,744Mar 3, 2026
Mar 1, 2026Strazik ScottCEO & President, Directortax withholding3,267$873.60$3M130,477Mar 3, 2026
Mar 1, 2026Strazik ScottCEO & President, Directoroption exercise3,038$0.00—133,515Mar 3, 2026
Mar 1, 2026Strazik ScottCEO & President, Directortax withholding1,469$873.60$1M132,046Mar 3, 2026
Mar 1, 2026Strazik ScottCEO & President, Directoroption exercise8,996$0.00—96,741Mar 3, 2026

Full insider history for GE Vernova Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

2 of the tracked managers held GEV in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded GEV by quarter.

FundManagerQuarterValueSharesWeightMove
FundsmithTerry SmithQ2 2026$481M409,8353.53%new
Baron Capital GroupRon BaronQ2 2026$18K150.00%new

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
GE Vernova Inc., CIK 1996810 on EDGAR
Extract generated
October 29, 2026
Withheld
none
Repaired
1 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: pretax income FY2023
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: GrossProfit
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: not filed
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: not filed
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquireProductiveAssets
Free cash flow (CFO − capex): not filed
Depreciation and amortization: not filed
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated October 29, 2026.

JSON file
/data/financials/GEV.json