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