v3.25.3
CONSOLIDATED AND COMBINED STATEMENT OF INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total revenues $ 9,969 $ 8,913 $ 27,112 $ 24,376
Cost of equipment and services 8,071 7,804 21,899 20,415
Gross profit 1,897 1,109 5,213 3,962
Selling, general, and administrative expenses 1,221 1,226 3,594 3,366
Research and development expenses 310 243 832 717
Operating income (loss) 366 (359) 787 (122)
Interest and other financial income (charges) – net 44 36 141 82
Non-operating benefit income 115 130 340 399
Other income (expense) – net (Note 18) 221 71 455 1,025
Income (loss) before income taxes 746 (122) 1,723 1,385
Provision (benefit) for income taxes (Note 15) 293 (23) 514 310
Net income (loss) 453 (99) 1,209 1,075
Net loss (income) attributable to noncontrolling interests (1) 3 11 (7)
Net income (loss) attributable to GE Vernova $ 452 $ (96) $ 1,220 $ 1,068
Earnings (loss) per share attributable to GE Vernova (Note 17):        
Basic (in dollars per share) $ 1.66 $ (0.35) $ 4.47 $ 3.90
Diluted (in dollars per share) $ 1.64 $ (0.35) $ 4.41 $ 3.85
Weighted-average number of common shares outstanding:        
Basic (in shares) 272 275 273 274
Diluted (in shares) 275 275 277 277
Equipment        
Total revenues $ 5,880 $ 5,290 $ 14,971 $ 13,101
Cost of equipment and services 5,165 5,076 13,346 12,621
Services        
Total revenues 4,089 3,623 12,141 11,276
Cost of equipment and services $ 2,906 $ 2,728 $ 8,553 $ 7,794