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General Enterprise Ventures Inc Financials

GEVI
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows General Enterprise Ventures Inc (GEVI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GEVI FY2025

External funding, not operating profits, is supporting the balance sheet as revenue scales from a still-unproven cost base.

FY2025’s cash cushion reached $6.3M and the current ratio improved to 3.4x, a clear change from FY2024’s tighter liquidity. But that stronger position was funding-driven: financing brought in $11.7M, while free cash flow stayed close to operating cash flow, showing the cash drain comes mainly from the business itself rather than from heavy capital spending.

FY2025 revenue reached $2.4M, nearly triple FY2024, while gross margin improved to 22.3%. That says the business is getting somewhat better at generating gross profit on each sale, but the overhead structure is still too large for the current scale, with SG&A at $1.6M before counting interest and other costs.

Cash represented most of FY2025 current assets, with $6.3M of cash inside $7.4M of current assets. That makes near-term obligations more manageable than in FY2024, but it also means today’s liquidity depends more on recently raised capital than on a self-funding working-capital cycle.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 44 / 100
Financial Profile 44/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of General Enterprise Ventures Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

General Enterprise Ventures Inc has an operating margin of -692.7%, meaning the company retains $-693 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -656.2% the prior year.

Growth
100

General Enterprise Ventures Inc's revenue surged 194.6% year-over-year to $2.4M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
97

General Enterprise Ventures Inc carries a low D/E ratio of 0.26, meaning only $0.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
66

With a current ratio of 3.42, General Enterprise Ventures Inc holds $3.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.

Cash Flow
0

While General Enterprise Ventures Inc generated -$5.9M in operating cash flow, capex of $194K consumed most of it, leaving -$6.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

General Enterprise Ventures Inc generates a -327.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -207.5% the prior year.

Piotroski F-Score Neutral
4/9

General Enterprise Ventures Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
0.16x

For every $1 of reported earnings, General Enterprise Ventures Inc generates $0.16 in operating cash flow (-$5.9M OCF vs -$36.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-10.9x

General Enterprise Ventures Inc earns $-10.9 in operating income for every $1 of interest expense (-$16.5M vs $1.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.4M
YoY+194.6%

General Enterprise Ventures Inc generated $2.4M in revenue in fiscal year 2025. This represents an increase of 194.6% from the prior year.

EBITDA
-$16.2M
YoY-220.8%

General Enterprise Ventures Inc's EBITDA was -$16.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 220.8% from the prior year.

Net Income
-$36.8M
YoY-435.3%

General Enterprise Ventures Inc reported -$36.8M in net income in fiscal year 2025. This represents a decrease of 435.3% from the prior year.

EPS (Diluted)
$-2.96

General Enterprise Ventures Inc earned $-2.96 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 261.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$6.1M
YoY-212.9%

General Enterprise Ventures Inc generated -$6.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 212.9% from the prior year.

Cash & Debt
$6.3M
YoY+708.7%

General Enterprise Ventures Inc held $6.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
19M

General Enterprise Ventures Inc had 19M shares outstanding in fiscal year 2025. This represents an increase of 201.7% from the prior year.

Margins & Returns

Gross Margin
22.3%
YoY+3.4pp

General Enterprise Ventures Inc's gross margin was 22.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.4 percentage points from the prior year.

Operating Margin
-692.7%
YoY-36.5pp

General Enterprise Ventures Inc's operating margin was -692.7% in fiscal year 2025, reflecting core business profitability. This is down 36.5 percentage points from the prior year.

Net Margin
-1546.9%
YoY-695.6pp

General Enterprise Ventures Inc's net profit margin was -1546.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 695.6 percentage points from the prior year.

Return on Equity
-327.1%
YoY-119.5pp

General Enterprise Ventures Inc's ROE was -327.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 119.5 percentage points from the prior year.

Capital Allocation

R&D Spending
$199K
YoY+1317.7%

General Enterprise Ventures Inc invested $199K in research and development in fiscal year 2025. This represents an increase of 1317.7% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$194K

General Enterprise Ventures Inc invested $194K in capex in fiscal year 2025, funding long-term assets and infrastructure.

GEVI Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $345K-20.9% $436K+51.3% $288K-58.1% $688K-29.1% $969K+1291.9% $70K-34.9% $107K-46.1% $199K
Cost of Revenue $226K-21.2% $286K-50.2% $576K+55.0% $371K-39.8% $617K+90.4% $324K+133.0% $139K+36.2% $102K
Gross Profit $119K-20.3% $150K+152.1% -$287K-190.9% $316K-10.2% $352K+238.3% -$255K-692.2% -$32K-133.3% $96K
R&D Expenses $82K N/A N/A N/A $8K N/A N/A N/A
SG&A Expenses $410K-43.8% $730K+108.8% $349K+12.2% $312K+53.3% $203K+85.2% $110K-15.6% $130K-19.5% $161K
Operating Income -$4.4M+23.1% -$5.8M-36.4% -$4.2M-40.4% -$3.0M+12.7% -$3.5M-188.4% -$1.2M-113.7% -$561K+38.1% -$907K
Interest Expense $165K-12.2% $188K-47.9% $360K-34.7% $552K+34.4% $411K+152.0% $163K+73.7% $94K $0
Income Tax $0 $0 $0 $0 $0 $0 $0 $0
Net Income -$6.2M-1.8% -$6.1M+23.1% -$7.9M+33.4% -$11.9M-9.2% -$10.9M-506.0% -$1.8M-174.6% -$655K+27.8% -$907K
EPS (Diluted) $-0.33 N/A $-0.59 $-0.19+86.1% $-1.37 N/A $-0.11-450.0% $-0.02

GEVI Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $12.2M-13.7% $14.2M+15.6% $12.3M+41.1% $8.7M-4.0% $9.1M+65.2% $5.5M+10.8% $4.9M-7.6% $5.4M
Current Assets $5.6M-24.1% $7.4M+2.2% $7.3M+91.9% $3.8M-24.5% $5.0M+209.7% $1.6M+45.7% $1.1M-22.7% $1.4M
Cash & Equivalents $4.3M-31.6% $6.3M+1.2% $6.2M+166.3% $2.3M-37.8% $3.7M+382.5% $775K+150.7% $309K-43.4% $547K
Inventory $696K+12.1% $621K+32.8% $467K+14.0% $410K+31.2% $312K-3.7% $325K+19.7% $271K+41.2% $192K
Accounts Receivable $130K-37.7% $209K-58.9% $508K-22.3% $654K-12.3% $746K+134.9% $317K-26.2% $430K-33.9% $651K
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $3.6M+21.7% $2.9M-22.2% $3.8M-42.2% $6.5M+31.0% $5.0M+129.4% $2.2M+2.3% $2.1M-1.2% $2.1M
Current Liabilities $2.9M+31.5% $2.2M-27.0% $3.0M-48.8% $5.8M+17.0% $5.0M+129.4% $2.2M+2.3% $2.1M-0.8% $2.1M
Long-Term Debt N/A N/A $125K N/A N/A $0 N/A N/A
Total Equity $8.7M-22.9% $11.3M+32.4% $8.5M+288.5% $2.2M-46.5% $4.1M+23.4% $3.3M+17.1% $2.8M-11.9% $3.2M
Retained Earnings -$119.4M-5.5% -$113.2M-5.7% -$107.1M-8.0% -$99.2M-13.6% -$87.3M-14.3% -$76.4M-2.4% -$74.6M-0.9% -$73.9M

GEVI Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$2.1M+17.0% -$2.5M-69.9% -$1.5M-20.6% -$1.2M-69.7% -$714K-15.6% -$618K-12.1% -$551K-29.8% -$425K
Capital Expenditures $11K+138.7% -$28K-151.4% $54K-61.7% $141K+421.6% $27K $0 $0 $0
Free Cash Flow -$2.1M+17.5% -$2.5M-65.7% -$1.5M-12.0% -$1.4M-82.5% -$741K-19.9% -$618K-12.1% -$551K-29.8% -$425K
Investing Cash Flow -$11K+85.2% -$72K-34.0% -$54K+61.7% -$141K-421.6% -$27K $0 $0 $0
Financing Cash Flow $88K-96.6% $2.6M-51.2% $5.4M+8943.9% -$61K-101.6% $3.7M+241.9% $1.1M+245.3% $314K-47.7% $600K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

GEVI Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 34.6%+0.3pp 34.3%+134.1pp -99.7%-145.7pp 46.0%+9.7pp 36.3%+401.9pp -365.6%-335.6pp -30.0%-78.6pp 48.6%
Operating Margin -1289.3%+36.3pp -1325.7%+144.7pp -1470.3%-1031.5pp -438.8%-82.1pp -356.8%+1365.4pp -1722.2%-1197.7pp -524.4%-67.7pp -456.7%
Net Margin -1800.6%-401.9pp -1398.8%+1352.4pp -2751.2%-1020.0pp -1731.1%-606.4pp -1124.8%+1458.9pp -2583.7%-1971.6pp -612.1%-155.4pp -456.7%
Return on Equity -71.5%-17.3pp -54.2%+39.0pp -93.2%+450.2pp -543.4%-276.9pp -266.5%-212.2pp -54.3%-31.1pp -23.1%+5.1pp -28.2%
Return on Assets -50.7%-7.7pp -43.0%+21.6pp -64.6%+72.4pp -137.0%-16.5pp -120.5%-87.6pp -32.9%-19.6pp -13.3%+3.7pp -17.0%
Current Ratio 1.97-1.4 3.42+1.0 2.44+1.8 0.65-0.4 1.01+0.3 0.75+0.2 0.53-0.1 0.67
Debt-to-Equity 0.41+0.2 0.26+0.2 0.01-3.0 2.97+1.8 1.21+1.2 0.00-0.7 0.75+0.1 0.66
FCF Margin -600.2%-24.7pp -575.5%-49.9pp -525.6%-328.9pp -196.7%-120.2pp -76.4%+810.7pp -887.1%-372.1pp -515.0%-301.2pp -213.9%

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Frequently Asked Questions

General Enterprise Ventures Inc (GEVI) reported $2.4M in total revenue for fiscal year 2025. This represents a 194.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

General Enterprise Ventures Inc (GEVI) revenue grew by 194.6% year-over-year, from $808K to $2.4M in fiscal year 2025.

No, General Enterprise Ventures Inc (GEVI) reported a net income of -$36.8M in fiscal year 2025, with a net profit margin of -1546.9%.

General Enterprise Ventures Inc (GEVI) reported diluted earnings per share of $-2.96 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

General Enterprise Ventures Inc (GEVI) had EBITDA of -$16.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

General Enterprise Ventures Inc (GEVI) had a gross margin of 22.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

General Enterprise Ventures Inc (GEVI) had an operating margin of -692.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

General Enterprise Ventures Inc (GEVI) had a net profit margin of -1546.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

General Enterprise Ventures Inc (GEVI) has a return on equity of -327.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

General Enterprise Ventures Inc (GEVI) generated -$6.1M in free cash flow during fiscal year 2025. This represents a -212.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

General Enterprise Ventures Inc (GEVI) generated -$5.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

General Enterprise Ventures Inc (GEVI) had $14.2M in total assets as of fiscal year 2025, including both current and long-term assets.

General Enterprise Ventures Inc (GEVI) invested $194K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

General Enterprise Ventures Inc (GEVI) invested $199K in research and development during fiscal year 2025.

General Enterprise Ventures Inc (GEVI) had 19M shares outstanding as of fiscal year 2025.

General Enterprise Ventures Inc (GEVI) had a current ratio of 3.42 as of fiscal year 2025, which is generally considered healthy.

General Enterprise Ventures Inc (GEVI) had a debt-to-equity ratio of 0.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

General Enterprise Ventures Inc (GEVI) had a return on assets of -259.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, General Enterprise Ventures Inc (GEVI) had $6.3M in cash against an annual operating cash burn of $5.9M. This gives an estimated cash runway of approximately 13 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

General Enterprise Ventures Inc (GEVI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

General Enterprise Ventures Inc (GEVI) has an earnings quality ratio of 0.16x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

General Enterprise Ventures Inc (GEVI) has an interest coverage ratio of -10.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

General Enterprise Ventures Inc (GEVI) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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