Tecogen Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 12, 2026, disclosing condensed consolidated financial statements and management discussion for the third quarter.

Key Highlights

  • Total assets: Tecogen reported total assets of $30,366,292 as of September 30, 2026, down from $36,990,103 as of December 31, 2025.
  • Cash position: Cash and cash equivalents stood at $5,333,436 as of September 30, 2026, compared to $12,430,287 at December 31, 2025.
  • Accounts receivable: Net accounts receivable were $5,181,659 as of September 30, 2026, up from $4,280,991 at year-end 2025, net of allowances of $563,952 and $389,079, respectively.
  • Inventories: Inventories, net, were reported at $11,486,060 as of September 30, 2026, compared to $10,949,697 at December 31, 2025.
  • Total current liabilities: Current liabilities were $8,547,624 as of September 30, 2026, down from $9,267,173 at December 31, 2025.
  • Shares outstanding: As of November 12, 2026, 30,187,822 shares of common stock, $0.001 par value per share, were issued and outstanding.

Tecogen Balance Sheet Position for the Quarter Ended September 30, 2026

According to the filing, Tecogen Inc. (NYSE American:TGEN) reported total assets of $30,366,292 as of September 30, 2026, a decrease from $36,990,103 at December 31, 2025. The company disclosed that cash and cash equivalents declined to $5,333,436 from $12,430,287 over the same period, representing a reduction of approximately $7.1 million. The registrant is classified as a non-accelerated filer and a smaller reporting company.

On the asset side, the filing showed inventories, net, rising slightly to $11,486,060 from $10,949,697. Net accounts receivable increased to $5,181,659 from $4,280,991, with allowances for expected credit losses growing to $563,952 from $389,079. Long-term assets included property, plant and equipment, net, of $1,469,871; right-of-use assets for operating leases of $1,263,405; right-of-use assets for finance leases of $1,407,078; intangible assets, net, of $1,879,409; and goodwill of $1,248,442, which was unchanged from December 31, 2025.

On the liabilities side, the filing reported total current liabilities of $8,547,624 as of September 30, 2026, compared to $9,267,173 at December 31, 2025. Current liabilities included accounts payable of $3,109,047, accrued liabilities of $2,606,828, deferred revenue current portion of $1,328,096, operating lease obligations current portion of $488,460, finance lease obligations current portion of $340,820, acquisition liabilities current portion of $635,016, and unfavorable contract liability current portion of $39,357. Long-term deferred revenue was reported at $3,118,340. The filing contains forward-looking statements that, according to Tecogen's cautionary language, "are not guarantees of future performance" and are subject to risks and uncertainties described in the report.

What Was Disclosed

Tecogen Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing unaudited condensed consolidated balance sheet data showing a decline in total assets and cash, alongside modest increases in accounts receivable and inventories relative to December 31, 2025.