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Tecogen Inc.. (TGEN) Stock Fundamental Analysis & AI Rating 2026

TGEN NYSE Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip DE CIK: 0001537435
Recently Updated • Analysis: Apr 17, 2026 • SEC Data: 2025-12-31
SELL
72% Conf
Pending
Analysis scheduled

📊 TGEN Key Takeaways

Revenue: $27.1M
Net Margin: -30.5%
Free Cash Flow: $-10.3M
Current Ratio: 3.12x
Debt/Equity: 0.00x
EPS: $-0.30
AI Rating: SELL with 72% confidence
Tecogen Inc.. (TGEN) receives a SELL rating with 72% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $27.1M, net profit margin of -30.5%, and return on equity (ROE) of -38.1%, Tecogen Inc.. demonstrates mixed fundamentals in the Market sector. Below is our complete TGEN stock analysis for 2026.

Is Tecogen Inc.. (TGEN) a Good Investment?

Claude

Tecogen shows revenue growth momentum at 19.7% YoY with a healthy 36.3% gross margin, but this is undermined by severe operational losses (-30.5% operating margin) and negative free cash flow (-$10.3M), indicating the company is burning cash rapidly despite top-line expansion. With deteriorating EPS (-57.9% YoY) and ongoing operational cash flow deficits, the company faces a precarious financial position despite its strong liquidity buffer.

Why Buy Tecogen Inc.. Stock? TGEN Key Strengths

Claude
  • + Strong revenue growth of 19.7% YoY demonstrates market demand
  • + Healthy gross margin of 36.3% indicates reasonable unit economics before operating expenses
  • + Excellent liquidity with 3.12x current ratio and 1.94x quick ratio providing near-term survival runway
  • + Debt-free balance sheet reduces financial distress risk in near term

TGEN Stock Risks: Tecogen Inc.. Investment Risks

Claude
  • ! Severe operating losses with -30.5% operating margin despite revenue growth signals structural profitability issues
  • ! Negative free cash flow of -$10.3M with -38.1% FCF margin indicates company is consuming capital at unsustainable rate
  • ! Deteriorating EPS down 57.9% YoY shows losses are accelerating and deepening
  • ! Negative operating cash flow of -$9.9M represents core business inability to generate cash, limiting runway to ~1-2 periods at current burn rate
  • ! High fixed cost structure or operational inefficiency preventing leverage of revenue growth into profitability

Key Metrics to Watch

Claude
  • * Operating margin trajectory - must show meaningful improvement toward breakeven
  • * Free cash flow - critical to achieve positive FCF to ensure capital sustainability
  • * Cash balance depletion rate - monitor quarterly cash burn to assess runway
  • * Gross margin stability - ensure gross profit dollars keep pace with revenue growth
  • * Operating expense ratio - watch for cost structure improvements and operational leverage

Tecogen Inc.. (TGEN) Financial Metrics & Key Ratios

Revenue
$27.1M
Net Income
$-8.2M
EPS (Diluted)
$-0.30
Free Cash Flow
$-10.3M
Total Assets
$37.0M
Cash Position
$12.4M

💡 AI Analyst Insight

Strong liquidity with a 3.12x current ratio provides a solid financial cushion.

TGEN Profit Margin, ROE & Profitability Analysis

Gross Margin 36.3%
Operating Margin -30.5%
Net Margin -30.5%
ROE -38.1%
ROA -22.3%
FCF Margin -38.1%

TGEN vs Market Sector: How Tecogen Inc.. Compares

How Tecogen Inc.. compares to Market sector averages

Net Margin
TGEN -30.5%
vs
Sector Avg 12.0%
TGEN Sector
ROE
TGEN -38.1%
vs
Sector Avg 15.0%
TGEN Sector
Current Ratio
TGEN 3.1x
vs
Sector Avg 1.8x
TGEN Sector
Debt/Equity
TGEN 0.0x
vs
Sector Avg 0.7x
TGEN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Tecogen Inc.. Stock Overvalued? TGEN Valuation Analysis 2026

Based on fundamental analysis, Tecogen Inc.. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
-38.1%
Sector avg: 15%
Net Profit Margin
-30.5%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Tecogen Inc.. Balance Sheet: TGEN Debt, Cash & Liquidity

Current Ratio
3.12x
Quick Ratio
1.94x
Debt/Equity
0.00x
Debt/Assets
42.0%
Interest Coverage
-225.64x
Long-term Debt
N/A

TGEN Revenue & Earnings Growth: 5-Year Financial Trend

TGEN 5-year financial data: Year 2021: Revenue $28.3M, Net Income -$6.2M, EPS $-0.25. Year 2022: Revenue $25.0M, Net Income $3.7M, EPS $0.15. Year 2023: Revenue $25.1M, Net Income -$2.4M, EPS $-0.10. Year 2024: Revenue $25.1M, Net Income -$4.6M, EPS $-0.19. Year 2025: Revenue $27.1M, Net Income -$4.8M, EPS $-0.19.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Tecogen Inc..'s revenue has remained relatively flat over the 5-year period, with a 4% decline. The most recent EPS of $-0.19 indicates the company is currently unprofitable.

TGEN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-38.1%
Free cash flow / Revenue

TGEN Quarterly Earnings & Performance

Quarterly financial performance data for Tecogen Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $5.6M -$930.4K $-0.04
Q2 2025 $4.7M -$1.5M $-0.06
Q1 2025 $6.2M -$659.9K $-0.03
Q3 2024 $5.6M -$481.6K $-0.02
Q2 2024 $4.7M -$780.1K $-0.03
Q1 2024 $5.4M -$1.1M $-0.04
Q3 2023 $6.6M -$256.7K $-0.01
Q2 2023 $6.4M -$766.8K $-0.03

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Tecogen Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$9.9M
Cash generated from operations
Capital Expenditures
$400.8K
Investment in assets
Dividends
None
No dividend program

TGEN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Tecogen Inc.. (CIK: 0001537435)

📋 Recent SEC Filings

Date Form Document Action
Apr 14, 2026 4 xslF345X06/wk-form4_1776197000.xml View →
Apr 8, 2026 8-K tgen-20260408.htm View →
Mar 27, 2026 4 xslF345X06/wk-form4_1774643070.xml View →
Mar 27, 2026 4 xslF345X06/wk-form4_1774637053.xml View →
Mar 27, 2026 4 xslF345X06/wk-form4_1774627831.xml View →

Frequently Asked Questions about TGEN

What is the AI rating for TGEN?

Tecogen Inc.. (TGEN) has an AI rating of SELL with 72% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TGEN's key strengths?

Claude: Strong revenue growth of 19.7% YoY demonstrates market demand. Healthy gross margin of 36.3% indicates reasonable unit economics before operating expenses.

What are the risks of investing in TGEN?

Claude: Severe operating losses with -30.5% operating margin despite revenue growth signals structural profitability issues. Negative free cash flow of -$10.3M with -38.1% FCF margin indicates company is consuming capital at unsustainable rate.

What is TGEN's revenue and growth?

Tecogen Inc.. reported revenue of $27.1M.

Does TGEN pay dividends?

Tecogen Inc.. does not currently pay dividends.

Where can I find TGEN SEC filings?

Official SEC filings for Tecogen Inc.. (CIK: 0001537435) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TGEN's EPS?

Tecogen Inc.. has a diluted EPS of $-0.30.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is TGEN a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Tecogen Inc.. has a SELL rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is TGEN stock overvalued or undervalued?

Valuation metrics for TGEN: ROE of -38.1% (sector avg: 15%), net margin of -30.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy TGEN stock in 2026?

Our dual AI analysis gives Tecogen Inc.. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is TGEN's free cash flow?

Tecogen Inc..'s operating cash flow is $-9.9M, with capital expenditures of $400.8K. FCF margin is -38.1%.

How does TGEN compare to other Market stocks?

Vs Default sector averages: Net margin -30.5% (avg: 12%), ROE -38.1% (avg: 15%), current ratio 3.12 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 17, 2026 | Data as of: 2025-12-31 | Powered by Claude AI