CEPLNasdaqEngines & TurbinesUS GAAP · USD

Capstone Energy Plus, Inc.

Capstone Energy Plus, Inc. develops and sells microturbine-based distributed energy systems for on-site power generation and microgrid applications. Its offerings are used in industrial and commercial settings, including critical power, data centers, ports, station power, renewable energy, and combined heat and power applications, with sales supported through a global distributor and OEM network.

Kysy yhtiöstä
Liikevaihto106milj. USD
+23,9 %v/v
Liikevoitto (EBIT)3,4milj. USD
+160,9 %v/v
EBIT-marginaali3,2%
+9,7 %-yks.v/v
Nettotulos2,8milj. USD
+139,3 %v/v
Vapaa kassavirta−3,4milj. USD
−149,4 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−50050100150milj. USD2021: 68 milj. USD2021: EBIT −14 milj. USD20212022: EBIT −18 milj. USD20222023: 74 milj. USD2023: EBIT −18 milj. USD20232024: 91 milj. USD2024: EBIT −20 milj. USD20242025: 86 milj. USD2025: EBIT −5,6 milj. USD20252026: 106 milj. USD2026: EBIT 3,4 milj. USD20261063,4
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Capstone Energy Plus, Inc.

Liiketoiminta

Osuus liikevaihdosta
Microturbine systems55 %

Stationary microturbine equipment sold for distributed power and microgrid use.

Parts and consumables15 %

Replacement parts and related product sales used to support installed systems.

Service and maintenance15 %

Factory protection plans, scheduled maintenance, and field service support.

Energy-as-a-Service10 %

On-site energy solutions delivered as a service through recurring contracts.

Rental and other solutions5 %

Rental units and other project-based energy solution offerings.

Tuotteet

Raportoitu · osuus liikevaihdosta
53,7%31,3%15,0%FY2026100 %
  • Product and Accessories53,7 %
  • Parts and Service31,3 %
  • Rentals15,0 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells primarily to industrial and commercial customers that need reliable on-site power, lower-emission generation, or backup capacity. End markets highlighted in the filings include data centers, ports, station power, renewable energy, natural resources, and other critical power applications. A significant portion of sales flows through distributors, OEMs, and national accounts that resell to end users or support project delivery.

Industrial and commercial end users

Buy microturbine systems and EaaS solutions for reliable on-site power, resiliency, and emissions benefits.

Data centers

Buy engineered power and cooling packages for high-availability AI and digital infrastructure loads.

Distributors and OEMs

Purchase products for resale and project delivery across regional markets.

Critical infrastructure operators

Buy systems for ports, station power, and other uptime-sensitive applications.

Energy project developers

Use the company's systems in microgrid, CHP, and distributed generation projects.

Strategia

The company is focused on expanding repeatable demand through strategic distribution partners and by targeting verticals with recurring need for resilient on-site power. It is also extending its microgrid platform into AI and data center infrastructure, while continuing to emphasize service, EaaS, and larger engineered solutions that can support longer customer relationships.

Broaden distribution coverageLyhyt aikaväli

A wider channel network helps reach more end markets and supports global sales execution.

Shift toward repeatable vertical marketsKeskipitkä aikaväli

Targeting critical power and microgrid applications can reduce reliance on one-off niche projects.

Expand EaaS and service offeringsKeskipitkä aikaväli

Recurring service contracts can deepen customer relationships and stabilize demand.

Build AI and data center solutionsKeskipitkä aikaväli

New engineered packages may open a larger infrastructure market for microturbines.

Maantiede

Q2/2026

The company sells globally, with revenue reported across the United States and Canada, Europe, Latin America, Asia and Australia, and the Middle East and Africa. Its distribution network is split between North America and international markets, with a larger share of distributors, OEMs, and national accounts outside the United States and Canada. Manufacturing and office operations are based in Van Nuys, California.

North America46 %
USA42 %
Mexico4,3 %
Europe4,1 %
Asia2,6 %
Australia0,8 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The company faces going-concern and liquidity risk, which can limit access to capital, supplier confidence, and customer relationships. Its business is also exposed to project timing, distributor concentration, and execution risk in newer markets such as AI infrastructure, where demand is still unproven and competition is intense.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Going-concern and liquidity pressure1AI infrastructure commercialization risk2
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Going-concern and liquidity pressureVaikutus: KriittinenTodennäköisyys: Korkea

    Cash constraints and short-term obligations can restrict operations and financing flexibility.

    KohdistuuCorporate liquidityVendor relationshipsCapital access
  2. AI infrastructure commercialization riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company has only recently entered this market and has not yet generated sales there.

    Kohdistuu: New product adoption and competitive positioning

  3. Project timing and backlog conversionVaikutus: Korkea

    Revenue depends on customer delivery schedules, part availability, and shipment timing.

    Kohdistuu: Quarterly revenue and order fulfillment

  4. Distributor and channel concentrationVaikutus: Keskitaso

    A large share of sales flows through third-party distributors and OEMs.

    Kohdistuu: Sales execution and end-customer reach

  5. Tariffs and geopolitical supply-chain riskVaikutus: Keskitaso

    Imported components and global sourcing can raise costs and disrupt delivery.

    Kohdistuu: Direct materials and manufacturing economics

Kysy Clarifolta: Capstone Energy Plus, Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for products and services

Revenue depends on shipment, delivery, and service contract timing.

Vaikutus: Can cause quarterly volatility in reported sales

Inventory valuation

Microturbine components and finished goods require judgment on obsolescence and realizability.

Vaikutus: Affects gross margin and asset carrying values

Warranty obligations

Installed equipment may require future repair or replacement costs.

Vaikutus: Influences accrued liabilities and operating expense

Credit losses

Distributor and project customers may have varying collectability risk.

Vaikutus: Affects receivables and earnings

Redeemable noncontrolling interest valuation

Fair value and redemption features can require periodic remeasurement.

Vaikutus: Can affect equity and non-operating items

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026