Tecogen Reports Mixed Financial Performance for Q2 2025

North Billerica-based Tecogen Inc. announced its financial results for the second quarter of 2025. The company reported revenues of $7.29 million, marking a 54.3% increase from the previous year, attributed primarily to a significant rise in product revenues. However, Tecogen also experienced a net loss of $1.47 million, slightly down from a $1.54 million loss in the same period last year.

The firm's gross profit margin decreased to 33.8% from 44% in the prior year, primarily due to increased material and labor costs tied to new product lines, specifically the hybrid air-cooled chiller. Tecogen expects margins to improve with increased production volume.

CEO Abinand Rangesh highlighted progress in the company's data center strategy and mentioned an expected increase in factory output supported by a recent $18.2 million capital raise. Despite the financial losses, Tecogen remains focused on expanding its data center projects and enhancing manufacturing capabilities.