Makes solid-oxide fuel-cell systems for on-site electric power generation.
Sector: United States — large cap (SEC filings)
US_BE
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/BE
| Period | Issues |
|---|---|
| 2023-03-31 Q1 | ✗Errors 1Warn 2 |
| 2023-06-30 Q2 | ✗Errors 2Warn 1 |
| 2023-09-30 Q3 | ✗Errors 2Warn 1 |
| 2023-12-31 FY | ✗Errors 1Warn 2 |
| 2024-03-31 Q1 | ✗Errors 2Warn 1 |
| 2024-06-30 Q2 | ✗Errors 1Warn 1 |
| 2024-09-30 Q3 | ✗Errors 1Warn 2 |
| 2024-12-31 FY | ⚠Warn 1 |
| 2025-03-31 Q1 | ✗Errors 1Warn 1 |
| 2025-06-30 Q2 | ✗Errors 1Warn 2 |
| 2025-09-30 Q3 | ⚠Warn 1 |
| 2025-12-31 FY | ⚠Warn 1 |
| 2026-03-31 Q1 | ✗Errors 5Warn 1 |
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 751.1 y/y 130.4% | 72.2 y/y — | 13.3 y/y 10.8% | 85.5 y/y — | 73.7 y/y — | 73.6 | -26.2 | 4664.7 y/y 78.9% | 921.5 y/y 59.3% | 34.9% | 138.5 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 777.7 y/y 35.9% | 87.5 y/y -16.4% | 13.2 y/y -5.0% | 100.7 y/y -15.1% | 1.4 y/y -98.6% | 418.1 | -23.0 | 4396.7 y/y 65.5% | 768.6 y/y 36.7% | -12.3% | 191.3 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 519.0 y/y 57.1% | 7.8 y/y — | 12.8 y/y -3.3% | 20.6 y/y 475.3% | -23.0 y/y — | 19.7 | -12.3 | 2638.2 y/y 1.3% | 653.1 y/y 51.5% | -4.9% | 561.2 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 401.2 y/y 19.5% | -3.5 y/y — | 12.6 y/y -6.0% | 9.1 y/y — | -42.2 y/y — | -213.1 | -7.2 | 2530.4 y/y -0.7% | 594.6 y/y 40.5% | -28.8% | 584.1 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 326.0 y/y 38.6% | -19.1 y/y — | 12.0 y/y -4.2% | -7.1 y/y — | -23.4 y/y — | -110.7 | -14.3 | 2608.0 y/y 14.1% | 578.3 y/y 24.1% | -16.4% | 471.9 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 572.4 y/y 60.4% | 104.7 y/y 709.3% | 13.9 y/y 12.6% | 118.6 y/y 369.4% | 105.2 y/y 958.1% | 484.2 | -11.1 | 2657.4 y/y 10.1% | 562.5 y/y 12.0% | -5.5% | 461.0 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 330.4 y/y -17.5% | -9.7 y/y — | 13.2 y/y -9.4% | 3.6 y/y — | -14.6 y/y — | -69.5 | -14.3 | 2604.5 y/y 9.6% | 430.9 y/y -11.4% | -4.6% | 766.9 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 335.8 y/y 11.5% | -23.1 y/y — | 13.4 y/y -23.5% | -9.7 y/y — | -61.2 y/y — | -175.5 | -12.0 | 2548.0 y/y -6.3% | 423.3 y/y 37.5% | -55.0% | 564.7 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 235.3 y/y -14.5% | -49.0 y/y — | 12.5 y/y -31.0% | -36.5 y/y — | -56.5 y/y — | -147.3 | -21.4 | 2286.1 y/y 4.3% | 466.1 y/y 16.7% | -46.7% | 353.5 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 356.9 y/y — | 12.9 y/y — | 12.3 y/y — | 25.3 y/y — | 9.9 y/y — | 121.8 | -16.3 | 2413.7 y/y — | 502.1 y/y — | -61.1% | 203.4 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 400.3 y/y — | -103.7 y/y — | 14.6 y/y — | -89.1 y/y — | -168.1 y/y — | -133.2 | -21.3 | 2376.2 y/y — | 486.6 y/y — | -56.4% | 302.4 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 301.1 y/y — | -54.5 y/y — | 17.5 y/y — | -36.9 y/y — | -69.1 y/y — | -46.5 | -19.6 | 2719.9 y/y — | 307.8 y/y — | -78.1% | 209.1 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 275.2 y/y — | -63.7 y/y — | 18.1 y/y — | -45.5 y/y — | -74.9 y/y — | -314.7 | -26.6 | 2192.2 y/y — | 399.3 y/y — | — | 99.1 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Value the company creates per year, as a % of market cap
Value created per year: -30.9%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31) = (85 − -7) × 2.53 | 234 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (65 990 + 138) ÷ 216 | 30.0x — capped at 30x |
| 3. Target multiple (Current EV/EBITDA + 12) ÷ 2 = (30.0 + 12) ÷ 2 | 21.0x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 333 + 1 + 0 − 67 | 334 |
| 4b. Share dilution (at market, LTM) Share-count growth over the year × Market cap = 38.9% × 65 990 | −25 655 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (234 × 21.0 + 334 − 25 655) ÷ 65 990 | -30.9% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)