Capstone Green Energy Reports 47% Revenue Growth in First Half of Fiscal 2026, Announces Leadership Changes Amid Record Operational Momentum
Capstone Green Energy Holdings, Inc. (OTCQX: CGEH), along with its subsidiaries (“Capstone” or the “Company”), a leading provider of clean technology solutions centered on low-emission microturbine energy systems, has announced select preliminary financial results for its second fiscal quarter ending September 30, 2025. The results indicate that the Company continues to accelerate its growth trajectory and strengthen its market position in the clean energy technology sector.
According to the preliminary figures, Capstone expects revenues of approximately $28.4 million for the quarter, representing a 25% increase compared to $22.7 million for the same period in 2024. This substantial increase brings Capstone’s total growth for the first half of fiscal year (FY) 2026 to an impressive 47% year-over-year compared with the first half of FY 2025. The results demonstrate Capstone’s operational strength, growing market demand for distributed generation, and the Company’s ability to effectively execute its business strategy despite ongoing industry challenges.
Sustained Growth Driven by Strategic Execution and Operational Excellence
Capstone attributes this strong performance to a combination of factors, including higher rental fleet utilization, improved pricing strategies, product shipment execution, and continued operational optimization. The Company emphasized that its ongoing transformation under its “Three-Pillar Strategy”—focusing on financial health, sustainable excellence, and cultural revitalization—has been instrumental in building the foundation for consistent growth and profitability.
In addition to robust revenue growth, Capstone also anticipates reporting positive net income and positive Adjusted EBITDA for the sixth consecutive quarter. These results reflect not only top-line expansion but also improved margins and operational efficiency. The company’s consistent Adjusted EBITDA performance underscores its financial discipline and capacity to sustain profitability even in a dynamic and competitive energy market.
Capstone stated that its full financial results and reconciliation of non-GAAP financial metrics, including Adjusted EBITDA, to the most directly comparable GAAP measures, will be provided in the forthcoming quarterly report.
These preliminary results are subject to revision as the Company completes its standard quarter-end closing and accounting review procedures. Capstone also noted that its independent registered public accounting firm has not yet completed an audit or review of these preliminary results and, therefore, has not expressed any assurance or opinion regarding them.
CEO Comments: A “Transformational Quarter” for Capstone
“This is a transformational quarter for Capstone Green Energy,” said Vince Canino, Chief Executive Officer. “We delivered strong double-digit revenue growth and, more importantly, demonstrated the fundamental strength of our business model, resulting in solid positive net income.”
Canino highlighted that demand for reliable and clean energy solutions continues to grow across multiple industries, driven by the global energy transition and an increased focus on resilient, cost-efficient power generation. He emphasized that Capstone’s ability to execute on its commitments while maintaining profitability illustrates the strength and scalability of its operations.
“Our team executed exceptionally well, and these results reaffirm that our strategic focus under the Three Pillars of Strength strategy is delivering meaningful, sustainable performance,” Canino continued. “With momentum building and industry tailwinds strengthening, Capstone is uniquely positioned to support the rapidly evolving needs of distributed energy, microgrid applications, and the next generation of AI and data center environments.”
The CEO’s comments underline Capstone’s alignment with global energy trends—particularly the shift toward distributed generation systems, microgrids, and decentralized power infrastructure that reduce emissions while enhancing reliability. These technologies are becoming increasingly vital in powering AI-driven data centers, industrial facilities, and remote operations where grid reliability and energy efficiency are critical.
Upcoming Financial Release
Capstone Green Energy plans to release its complete financial results for Q2 FY2026 on or about November 12, 2025. The detailed report will include financial statements, management commentary, and updated guidance, providing further insights into the Company’s outlook for the remainder of FY2026 and beyond.
Leadership Changes Strengthen Governance and Continuity
Alongside the strong preliminary financial performance, Capstone also announced several key leadership transitions that reinforce its governance structure and management continuity as the Company enters its next phase of growth.
Chief Financial Officer Transition:
Capstone’s Chief Financial Officer, John Juric, resigned effective November 1, 2025, after serving in the role since March 2023. The Company extended its appreciation to Juric for his leadership and contributions, which were instrumental in stabilizing the Company’s financial operations during a pivotal period.
To ensure a seamless transition, the Company appointed John Miller, a current Board member and former Audit Committee Chair, as Interim Chief Financial Officer, effective November 2, 2025. Miller brings extensive financial leadership and operational experience, along with deep familiarity with Capstone’s strategic priorities and governance framework.
“John Miller’s extensive financial acumen and intimate knowledge of our business as a Board member and Audit Chair make him ideally suited to step into this role,” said CEO Canino. “His appointment provides stability and proven financial leadership as we execute on our strategic initiatives and build on our positive momentum.”
Board Leadership Update:
The Company also reported that Robert Flexon, who had served as Chairman of the Board since 2017, stepped down from both his role as Chairman and as a member of the Board of Directors, effective October 30, 2025. The Company expressed gratitude for Flexon’s years of service and his steady leadership during periods of transformation and growth.
In his place, the Board has appointed Robert Powelson as Interim Chairman of the Board, effective October 31, 2025. Powelson brings extensive experience in the energy and utility sectors, including prior roles as President of the National Association of Regulatory Commissioners and as a member of the Electric Power Research Institute (EPRI) Advisory Board. His deep regulatory and policy expertise is expected to help guide Capstone as it continues to expand its distributed generation business and pursue opportunities in clean technology and infrastructure markets.
“Robert Powelson’s distinguished background in energy regulation and policy provides valuable perspective and guidance for our growth strategy,” said Canino. “We look forward to his leadership as we continue building a sustainable, high-performing company.”
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