Capstone Energy Plus, Inc. CEPL
Capstone Energy+, Inc. is a leading provider of behind-the-meter clean energy solutions for industrial and commercial operations, along with solutions designed for the next generation of artificial intelligence ("AI") and data center applications. For nearly four decades, we have developed and refined oil-free, friction free microturbine-based power generation technology that delivers world class low emissions and industry-leading uptime/availability in a "plug and play" design with low maintenance intervals that run on a broad range of gaseous fuels flexibility. We believe that these qualities increasingly set us apart on a total cost of ownership basis and can support a multitude of modular and flexible solutions that the new energy landscape's fundamental transformation demands.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $89.2M | $69.8M | $79.8M | $73.9M | $64.0M | $67.6M | $68.9M | $83.4M | $82.8M | $77.2M |
| Cost of revenue | $72.1M | $62.3M | $76.9M | $64.8M | $58.3M | $63.1M | $59.9M | $74.0M | $67.9M | $75.4M |
| Gross profit | $33.9M | $23.3M | $14.3M | $9.1M | $5.6M | $4.5M | $9.0M | $9.5M | $15.0M | $1.8M |
| R&D | $3.6M | $2.7M | $2.5M | $2.4M | $3.4M | $2.4M | $3.6M | $3.6M | $4.0M | $5.4M |
| SG&A | $26.9M | $26.2M | $32.2M | $25.1M | $22.2M | $18.4M | $22.2M | $21.0M | $19.6M | $20.7M |
| Total operating expenses | $30.5M | $28.9M | $34.6M | $27.5M | $25.6M | $20.8M | $25.9M | $24.6M | $23.6M | $26.0M |
| Operating income | $3.4M | -$5.6M | -$20.4M | -$18.5M | -$20.0M | -$16.3M | -$16.8M | -$15.1M | -$8.7M | -$24.2M |
| Interest expense | $4.1M | $3.9M | $5.5M | $6.2M | $5.0M | $5.2M | $5.2M | $1.5M | $606.0K | $536.0K |
| Pre-tax income | $2.8M | -$7.0M | $7.4M | -$24.5M | -$22.4M | -$20.7M | -$21.9M | -$16.7M | -$10.0M | -$25.2M |
| Income tax | $54.0K | $175.0K | $14.0K | $7.0K | $19.0K | $19.0K | $12.0K | $8.0K | $18.0K | $19.0K |
| Net income | $2.8M | -$7.2M | $7.4M | -$24.5M | -$22.4M | -$20.8M | -$21.9M | -$16.7M | -$10.0M | -$25.2M |
| EPS, basic | -3.21 | -0.38 | 0.39 | -1.43 | -1.52 | -1.84 | — | — | — | — |
| EPS, diluted | -3.21 | -0.38 | 0.39 | -1.43 | -1.52 | -1.84 | -2.70 | -2.49 | -0.20 | -0.79 |
| Shares, diluted (wtd. avg.) | 20.8M | 19.1M | 18.8M | 17.2M | 14.7M | 11.3M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $28.2M | $8.7M | $2.1M | $12.8M | $22.6M | $16.2M | $15.1M | $29.7M | $19.4M | $19.7M |
| Receivables | $12.9M | $7.0M | $6.6M | $7.1M | $10.3M | $10.4M | $16.2M | $16.2M | $16.0M | $17.0M |
| Inventory | $22.1M | $16.6M | $20.6M | $37.3M | $27.2M | $24.1M | $21.5M | $20.3M | $15.6M | $14.5M |
| Total current assets | $67.8M | $36.1M | $34.7M | $64.7M | $92.4M | $55.5M | $56.8M | $70.1M | $53.8M | $54.3M |
| Property, plant and equipment | $16.2M | $19.4M | $25.9M | $24.3M | $10.7M | $7.6M | $7.7M | $5.3M | $2.9M | $2.1M |
| Other intangibles | $5.5M | $0 | — | — | — | — | — | $187.0K | $411.0K | $651.0K |
| Total assets | $111.5M | $74.9M | $84.2M | $108.0M | $112.3M | $72.7M | $74.0M | $80.0M | $58.4M | $58.3M |
| Accounts payable | $17.6M | $14.1M | $15.1M | $30.3M | $22.4M | $10.8M | $15.0M | $16.6M | $13.5M | $14.7M |
| Short-term debt | $25.3M | $8.0M | $28.9M | — | — | — | — | — | — | — |
| Total current liabilities | $70.8M | $52.6M | $73.2M | $121.6M | $97.5M | $31.8M | $27.0M | $28.1M | $32.1M | $37.2M |
| Long-term debt | $25.3M | $24.2M | $28.9M | — | $51.0M | $51.0M | — | — | — | — |
| Total liabilities | $82.0M | $82.6M | $85.0M | $132.1M | $102.8M | $67.8M | $60.9M | $56.8M | $32.6M | $37.4M |
| Retained earnings | -$974.2M | -$977.0M | -$969.8M | -$977.2M | -$934.4M | -$910.6M | -$900.9M | -$878.9M | -$862.2M | -$852.2M |
| Total equity | -$44.5M | -$21.6M | -$14.6M | -$24.1M | -$7.7M | $5.0M | $4.4M | $23.2M | $25.8M | $20.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.5M | $7.7M | -$27.7M | -$7.9M | -$27.5M | $1.7M | -$19.7M | -$17.7M | -$8.6M | -$18.5M |
| Depreciation and amortisation | $4.3M | $3.9M | $4.0M | $3.2M | $1.9M | $1.5M | $1.6M | $1.3M | $1.2M | $1.6M |
| Stock-based compensation | $777.0K | $262.0K | $2.1M | $863.0K | $1.2M | $937.0K | $913.0K | $907.0K | $586.0K | $810.0K |
| Capital expenditure | $835.0K | $879.0K | $4.7M | $8.2M | $9.9M | $3.2M | $4.2M | $3.4M | $1.8M | $204.0K |
| Investing cash flow | -$925.0K | -$879.0K | -$4.7M | -$8.2M | -$9.9M | -$3.2M | -$4.2M | -$3.4M | -$1.8M | -$204.0K |
| Financing cash flow | $23.7M | -$223.0K | $21.6M | $6.4M | $10.4M | $36.0M | $9.2M | $31.4M | $10.1M | $21.7M |
| Buybacks | $511.0K | $46.0K | — | $51.0K | $139.0K | $74.0K | $103.0K | $114.0K | $19.0K | $22.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-027983.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.2M | $82.8M | $83.4M | $68.9M | $67.6M | $64.0M | $73.9M | $79.8M | $69.8M | $89.2M |
| Gross profit | $1.8M | $15.0M | $9.5M | $9.0M | $4.5M | $5.6M | $9.1M | $14.3M | $23.3M | $33.9M |
| Net income | -$25.2M | -$10.0M | -$16.7M | -$21.9M | -$20.8M | -$22.4M | -$24.5M | $7.4M | -$7.2M | $2.8M |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed Item 5.03
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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