CEPL on Nasdaq
Capstone Energy Plus, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
32.0%Gross margin2
3.2%Operating margin2
2.7%Net margin2
23.9%Revenue growth, 20262
-$3.4MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product and Accessories brought in 35% of the revenue Capstone Energy Plus, Inc. broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Product and Accessories | $40.3M | $56.9M |
| Microturbine Products | $36.7M | $53.9M |
| Parts and Service | $30.9M | $33.2M |
| Rentals | $14.4M | $15.9M |
| Accessories | $2.2M | $2.1M |
Regions
United States brought in 66% of the revenue Capstone Energy Plus, Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| United States | $55.7M | $70.1M |
| Mexico | $2.8M | $13.6M |
| Europe | $11.3M | $9.9M |
| All Other Countries and Regions Excluding North America, Europe, Asia, and Australia | $6.9M | $6.6M |
| Asia | $2.2M | $3.8M |
| Australia | $5.8M | $1.4M |
| North America, Excluding The United States of America and Mexico | $718.0K | $506.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue68¢$72.1M
- Research and development3¢$3.6M
- Selling, general and admin25¢$26.9M
- Income tax0¢$54.0K
- Profit3¢$2.8M
Out of $106.0M in revenue.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Revenue, net | $106.0M | $85.6M |
| Cost of goods sold | $72.1M | $62.3M |
| Gross profit | $33.9M | $23.3M |
| Research and development | $3.6M | $2.7M |
| Selling, general and administrative | $26.9M | $26.2M |
| Total operating expenses | $30.5M | $28.9M |
| Income (loss) from operations | $3.4M | -$5.6M |
| Other income | $3.3M | $2.3M |
| Interest income | $242.0K | $186.0K |
| Interest expense | -$4.1M | -$3.9M |
| Income (loss) before provision for income taxes | $2.8M | -$7.0M |
| Provision (benefit) for income taxes | -$54.0K | $175.0K |
| Net income (loss) | $2.8M | -$7.2M |
| Net loss per share of common stock and non-voting common stock - basic (in dollars per share) | -$3.21 | -$0.38 |
| Net loss per share of common stock and non-voting common stock - diluted (in dollars per share) | -$3.21 | -$0.38 |
| Weighted average shares used to calculate basic net income (loss) per common stock and non-voting common stock (in shares) | 20.8M shares | 19.1M shares |
| Weighted average shares used to calculate diluted net income (loss) per common stock and non-voting common stock (in shares) | 20.8M shares | 19.1M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 | 2023-11-30 |
|---|---|---|---|
| Cash and cash equivalents | $28.2M | $8.7M | |
| Restricted cash | $715.0K | ||
| Accounts receivable, net of allowances of $1,337 at March 31, 2026 and $607 at March 31, 2025 | $12.9M | $7.0M | |
| Inventories | $22.1M | $16.6M | |
| Lease receivable, current | $377.0K | $113.0K | |
| Prepaid expenses and other current assets | $3.5M | $3.7M | |
| Total current assets | $67.8M | $36.1M | |
| Property, plant, equipment and rental assets, net | $16.2M | $19.4M | |
| Intangible assets, net | $5.5M | $0 | |
| Finance lease right-of-use assets | $4.8M | $3.8M | |
| Operating lease right-of-use assets | $9.9M | $8.3M | |
| Non-current portion of inventories | $2.7M | $3.5M | |
| Lease receivable, non-current | $1.9M | $1.2M | |
| Other assets | $2.6M | $2.7M | |
| Total assets | $111.5M | $74.9M | |
| Accounts payable | $17.6M | $14.1M | |
| Accrued expenses | $3.8M | $1.4M | |
| Accrued salaries and wages | $3.2M | $2.8M | |
| Accrued warranty reserve | $971.0K | $1.1M | |
| Deferred revenue, current | $10.0M | $13.4M | |
| Deferred acquisition costs, current | $1.7M | ||
| Finance lease liability, current | $1.5M | $2.0M | |
| Operating lease liability, current | $1.9M | $3.5M | |
| Factory protection plan liability | $4.7M | $6.3M | |
| Exit notes, net of discount, current | $25.3M | $8.0M | |
| Total current liabilities | $70.8M | $52.6M | |
| Deferred revenue, non-current | $648.0K | $598.0K | |
| Deferred acquisition costs, non-current | $1.4M | ||
| Finance lease liability, non-current | $991.0K | $248.0K | |
| Operating lease liability, non-current | $8.1M | $5.0M | |
| Exit notes, net of discount, non-current | $24.2M | ||
| Total liabilities | $82.0M | $82.6M | |
| Temporary equity | $73.9M | $13.9M | $13.9M |
| Additional paid-in capital | $930.2M | $955.4M | |
| Accumulated deficit | -$974.2M | -$977.0M | |
| Treasury stock, at cost; 269,603 shares at March 31, 2026 and 57,202 shares at March 31, 2025 | -$557.0K | -$46.0K | |
| Total stockholders' deficit | -$44.5M | -$21.6M | |
| Total liabilities, temporary equity and stockholders' deficit | $111.5M | $74.9M | |
| Accounts receivable, allowances | $1.3M | $607.0K | |
| Treasury stock, shares (in shares) | 269.6K shares | 57.2K shares |
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net income (loss) | $2.8M | -$7.2M |
| Depreciation and amortization | $4.3M | $3.9M |
| Amortization of financing costs and discounts | $105.0K | $71.0K |
| Paid-in-kind interest expense | $1.4M | $3.2M |
| Interest related to deferred acquisition costs | $229.0K | |
| Non-cash lease expense | $2.9M | $4.0M |
| Provision for credit losses | $151.0K | $823.0K |
| Inventory write-down | $480.0K | $900.0K |
| Provision (benefit) for warranty expenses | $195.0K | -$184.0K |
| Loss on disposal of equipment | $67.0K | |
| Stock-based compensation (excludes $11 thousand recorded directly to equity; see Note 14) | $777.0K | $262.0K |
| Accounts receivable | -$7.1M | -$2.1M |
| Inventories | -$4.2M | $7.6M |
| Lease receivable | -$591.0K | -$1.3M |
| Prepaid expenses, other current assets and other assets | $149.0K | $2.1M |
| Accounts payable | $5.2M | -$1.0M |
| Accrued expenses | $1.8M | -$268.0K |
| Operating lease liability, net | -$3.0M | -$4.0M |
| Accrued salaries and wages and long-term liabilities | -$332.0K | -$94.0K |
| Accrued warranty reserve | -$294.0K | -$183.0K |
| Deferred revenue | $138.0K | $2.1M |
| Deposits | -$6.1M | |
| Factory protection plan liability | -$1.6M | -$1.0M |
| Net cash (used in) provided by operating activities | -$2.5M | $7.7M |
| Cash acquired in acquisitions, net of cash paid | $410.0K | |
| Payment of deferred acquisition costs | -$500.0K | |
| Expenditures for property, plant, equipment and rental assets | -$835.0K | -$879.0K |
| Net cash used in investing activities | -$925.0K | -$879.0K |
| Proceeds from the issuance of common stock and warrants | $43.7M | |
| Shares withheld related to employee tax withholding obligations | -$512.0K | |
| Payment of Exit Note, net | -$8.3M | |
| Settlement of redeemable noncontrolling interests | -$83.5M | |
| Issuance of new redeemable preferred stock | $73.9M | |
| Repayment of finance lease obligations | -$1.6M | -$223.0K |
| Net cash provided by (used in) financing activities | $23.7M | -$223.0K |
| Net increase in cash, cash equivalents, and restricted cash | $20.2M | $6.6M |
| Interest | $2.4M | $533.0K |
| Income taxes | $101.0K | $126.0K |
| Right-of-use assets obtained in exchange for operating lease obligations | $4.7M | |
| Right-of-use assets obtained in exchange for finance lease obligations | $1.1M | |
| Settlement of lease obligations with accounts receivable due | $360.0K | $775.0K |
| Rental assets transferred to inventory | $3.1M | |
| Conversion of inventory to rental assets | $0 | $0 |
| Sales type lease | $333.0K | $981.0K |
| Operating lease modified to finance lease | $614.0K | |
| Accounts payable negotiated in lease modification | $1.3M | |
| Acquisition of treasury stock by incurring a liability | $46.0K | |
| Stock-based compensation | $788.0K | $262.0K |
Former names
Recent filings
- Sep 11, 20264 PRIMARY DOCUMENT
- Sep 3, 20264 PRIMARY DOCUMENT
- Sep 3, 20264 PRIMARY DOCUMENT
- Sep 3, 20264 PRIMARY DOCUMENT
- Sep 3, 20264 PRIMARY DOCUMENT
- Sep 3, 20264 PRIMARY DOCUMENT
- Sep 3, 20264 PRIMARY DOCUMENT
- Aug 21, 20268-K
- Aug 13, 2026SCHEDULE 13G/A
- Aug 12, 20268-K
- Aug 12, 202610-Q
- Aug 7, 2026424B5
- Aug 6, 2026EFFECT
- Jul 24, 2026S-3/A
- Jul 8, 2026DEF 14A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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