Tecogen (TGEN) Operating Expenses (2012 - 2026)
Tecogen (TGEN) reported Operating Expenses of $4.7 million for Q1 2026, up 23.86% on a YoY basis from $3.8 million in Q1 2025, and down 22.47% quarter-over-quarter from $6.1 million in Q4 2025.
Tecogen (TGEN) Operating Expenses (2012 - 2026) Analysis & Trends
Tecogen has reported Operating Expenses for 15 years, with the latest figure at $4.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 23.86% year-over-year to $4.7 million; the trailing twelve-month figure through Mar 2026 stood at $19.0 million (up 30.05% YoY), and the FY2025 full-year result was $18.1 million, up 25.44% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.7 million, down from $6.1 million in the prior quarter.
- The five-year high for Operating Expenses was $6.1 million in Q4 2025, with the low at $2.5 million in Q3 2022.
- Historically, Operating Expenses has averaged $3.7 million across 5 years, with a median of $3.6 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses fell 24.56% — and 2025, when it surged 57.45%.
- Tecogen's Operating Expenses stood at $3.5 million in 2022, then gained by 20.27% to $4.2 million in 2023, then retreated by 7.04% to $3.9 million in 2024, then surged by 57.45% to $6.1 million in 2025, then dropped by 22.47% to $4.7 million in 2026.
- The last three Operating Expenses figures came in at $4.7 million (Q1 2026), $6.1 million (Q4 2025), and $4.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 153.35 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 249.90 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 241.50 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 30.13 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.90 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 387.40 Mn |
| 10 | Tecogen | 172.29 Mn | 162.78 Mn | 2.59 Mn | 4.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.73 Mn |
| Dec 31, 2025 | 6.10 Mn |
| Sep 30, 2025 | 4.28 Mn |
| Jun 30, 2025 | 3.87 Mn |
| Mar 31, 2025 | 3.82 Mn |
| Dec 31, 2024 | 3.87 Mn |
| Sep 30, 2024 | 3.35 Mn |
| Jun 30, 2024 | 3.55 Mn |
| Mar 31, 2024 | 3.63 Mn |
| Dec 31, 2023 | 4.16 Mn |
| Sep 30, 2023 | 3.29 Mn |
| Jun 30, 2023 | 3.61 Mn |
| Mar 31, 2023 | 3.54 Mn |
| Dec 31, 2022 | 3.46 Mn |
| Sep 30, 2022 | 2.55 Mn |
| Jun 30, 2022 | 3.02 Mn |
| Mar 31, 2022 | 2.61 Mn |
| Dec 31, 2021 | 2.59 Mn |
| Sep 30, 2021 | 3.37 Mn |
| Jun 30, 2021 | 3.29 Mn |