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

TXNMTXNM Energy, Inc.

$6B

Q4 2025 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$533M+11.8% YoY

Gross Profit

$190M35.6% margin

Operating Income

$94M17.6% margin

Net Income

-$10M-1.8% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

-17.6%

Cash Flow

Operating Cash Flow

$158M

Free Cash Flow

-$152M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$954M

Stockholders' Equity

$3.4B

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$533M	$477M	+11.8%
Gross Profit	$190M	$166M	+14.2%
Operating Income	$94M	$75M	+25.8%
Net Income	-$10M	$16M	-161.3%

Revenue Segments

Electricity

$533M82%

Electric Transmission Service

$86M13%

Wholesale Energy Sales

$26M4%

Miscellaneous Revenue From Contracts With Customers

$3M0%