NRG Q4 2025 Earnings — NRG Energy, Inc. Revenue & Financial Results | Market Cap Arena

NRGNRG Energy, Inc.

$34B

Q4 2025 Earnings

Utilities Independent Power Producers

Income Statement

Revenue

$7.8B+13.7% YoY

Gross Profit

$2.5B32.8% margin

Operating Income

$251M3.2% margin

Net Income

$66M0.9% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$123M

Free Cash Flow

-$175M

Stock-Based Comp.

$51M

Balance Sheet

Total Assets

$29.1B

Total Liabilities

$27.5B

Stockholders' Equity

$1.7B

Cash & Equivalents

$4.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.8B	$6.8B	+13.7%
Gross Profit	$2.5B	$1.9B	+30.4%
Operating Income	$251M	$954M	-73.7%
Net Income	$66M	$643M	-89.7%

Revenue Segments

East Segment

$3.9B51%

Texas Segment

$2.5B32%

West, Services and Other Segment

$713M9%

Vivint Smart Home Segment

$614M8%

Geographic Segments

East Segment

$8.5B63%

Texas Segment

$4.9B37%