GE Vernova Q3 FY25: where the revenue came from and where it went
The whole income statement of GE Vernova for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 22, 2025
Revenue$9.97B
+12% year over year
Gross profit$1.90B
19% margin
Operating profit$0.37B
4% margin
Net profit$0.45B
5% margin
Net profit is larger than what operations earned, because the statement adds $0.38B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 9.97 | 100% | +12% |
| Cost of revenue | −8.07 | 81% | |
| Gross profit | 1.90 | 19% margin | +7pp |
| R&D | −0.31 | 3% | +0pp |
| SG&A | −1.22 | 12% | −2pp |
| Operating profit | 0.37 | 4% margin | +8pp |
| Other income, net | 0.38 | ||
| Tax | −0.29 | ||
| Net profit | 0.45 | 5% margin | +6pp |
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