TLN financial statements

The full income statement, balance sheet, and cash-flow statement for Talen Energy Corporation (TLN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 51.0M2024-09 50.9M2024-12 46.0M2025-03 45.5M2025-06 45.7M2025-09 45.7M2025-12 45.7M2026-03 45.4M2026-06 47.9M-6.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24
Revenue	2.52B YoY+19.1%	2.12B YoY-52.8%
Selling, general & administrative	624M YoY+282.8%	163M
General & administrative	624M YoY+282.8%	163M
Restructuring	—	0.00
Operating income	-90.0M YoY-139.8%	226M YoY+679.5%
Interest expense	302M YoY+26.9%	238M YoY+12.8%
Other non-operating income	10.0M YoY-83.6%	61.0M YoY+151.7%
Gain (loss) on equity securities	123M	—
Pre-tax income	-166M YoY-114.9%	1.11B YoY+401.9%
Income tax	53.0M YoY-45.9%	98.0M YoY+463.0%
	-219M YoY-121.9%	998M YoY+392.7%
Net income to non-controlling interest	0.00 YoY-100.0%	15.0M
Net income to common	—	998M
	-$4.79	—
EPS (basic)	-$4.79	—
	45.7M YoY-15.8%	54.3M YoY-50.6%
	45.7M YoY-19.1%	56.5M YoY-48.6%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24
	1.35B YoY+29.7%	1.04B YoY-62.3%
Cash & equivalents	689M YoY+110.1%	328M YoY+132.6%
Accounts receivable	160M YoY+142.4%	66.0M YoY-67.8%
Inventory	278M YoY-7.9%	302M YoY-40.6%
Other current assets	67.0M YoY-63.6%	184M YoY+1433.3%
	10.9B YoY+78.6%	6.11B YoY-52.3%
Property, plant & equipment	7.55B YoY+139.3%	3.15B YoY-63.3%
Other non-current assets	106M YoY-42.1%	183M YoY+325.6%
	1.05B YoY+130.8%	455M YoY-78.2%
Short-term & current debt	29.0M YoY+70.6%	17.0M YoY-95.7%
Other current liabilities	78.0M YoY-49.4%	154M YoY-18.1%
	9.81B YoY+107.9%	4.72B
Long-term debt	6.78B YoY+127.1%	2.99B YoY-21.1%
Deferred revenue (non-current)	662M	0.00
Deferred tax liabilities	486M YoY+34.3%	362M YoY-77.2%
Other non-current liabilities	42.0M YoY-68.9%	135M YoY+48.4%
	1.09B YoY-21.2%	1.39B YoY-67.8%
Common stock	0.00	0.00
Additional paid-in capital	1.71B YoY-0.9%	1.73B YoY-63.3%
Retained earnings	-612M YoY-87.7%	-326M YoY+12.6%
Accumulated other comprehensive income	-4.00M YoY+66.7%	-12.0M YoY+53.8%
Non-controlling interest	0.00	0.00
Total equity incl. non-controlling	1.09B YoY-21.2%	1.39B YoY-67.8%
Total liabilities & equity	10.9B YoY+78.6%	6.11B YoY-52.3%
	45.7M YoY-0.6%	46.0M YoY-64.2%
	45.7M YoY-0.6%	46.0M YoY-64.2%
	45.7M YoY-0.6%	46.0M YoY-64.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24
	704M YoY+175.0%	256M YoY-66.7%
Depreciation & amortization	279M YoY-6.4%	298M YoY-16.3%
Share-based compensation	526M YoY+1493.9%	33.0M
Deferred income taxes	120M YoY+360.9%	-46.0M YoY+22.0%
Change in inventory	-29.0M YoY+56.7%	-67.0M YoY-458.3%
	-4.00B YoY-441.8%	1.17B YoY+228.0%
Capital expenditure	98.0M YoY+15.3%	85.0M YoY-81.2%
Free cash flow	606M YoY+254.4%	171M YoY-46.1%
Acquisitions	3.79B	0.00
Other investing activities	9.00M YoY+12.5%	8.00M YoY+136.4%
	3.69B YoY+287.8%	-1.96B YoY-2967.2%
Long-term debt issued	0.00	0.00 YoY-100.0%
Long-term debt repaid	0.00	0.00 YoY-100.0%
Common stock issued	0.00	0.00
Common stock repurchased	103M YoY-94.7%	1.96B
Dividends paid	0.00	0.00
Other financing activities	5.00M YoY+171.4%	-7.00M YoY+78.1%
Net change in cash	387M YoY+172.2%	-536M YoY-154.0%
Interest paid	233M	—
Income taxes paid	71.0M	—
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24
Market cap	17.1B YoY+85.0%	9.26B
P/E	—	9.3×
P/S	6.8× YoY+55.4%	4.4×
P/B	15.7× YoY+134.7%	6.7×
P/FCF	28.3× YoY-47.8%	54.2×
	—	10.8%
	3.5% YoY+91.6%	1.8%
Source filing	10-K	10-K

About this data

Source: TLN's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TLN filings on SEC EDGAR → Not investment advice.