Capstone Green Energy Holdings Inc. · OTC:CGEH
Capstone Green Energy — Q3 2026 Earnings Presentation
19 slides from Capstone Green Energy's earnings presentation, Feb 12, 2026
Slide 1: Third Quarter Fiscal Year 2026
OTCQX: CGEH 02.12.2026 Third Quarter Fiscal Year 2026 Ended December 31, 2025 Capstone Green Energy Earnings Conference Call/Webcast Innovating Today for a Cleaner Tomor row
Slide 2: Safe Harbor
Safe Harbor This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the financial outlook, business strategy and plans and market trends, dev
Slide 3: Welcome & Leadership Update
Welcome & Leadership Update Vince Canino President & Chief Executive Officer OTCQX: CGEH
Slide 4: Financial Momentum & Operational Strength
Financial Momentum & Operational Strength Topline/Bottomline Dashboards Q3 Revenue $6,614 7 Quarters of Positive Adj. EBITDA Q3 Revenue Up 33% YOY FY26 $26,763 Adj. EBITDA Bridge $25,000 FY25 $20,149 $3,889 Q3 Net Income Up 144% YOY $20,000 $15,000 Q3 Adj. EBITDA $4.6M Q3 Adjusted EBITDA Up YoY $10,
Slide 5: Revenue Transformation
Revenue Transformation Larger Deals… Longer Close Cycles Total Revenue 120,000.00 100,000.00 80,000.00 60,000.00 40,000.00 Rising Power Shortfalls Highlight Need for Reliable Capacity 20,000.00 U.S. DOE – July 2025 - Distributed Generation Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Trailing Twelve Addresses On
Slide 6: Cost-Out Corner: DFMA Impact Project Highlight
Cost-Out Corner: DFMA Impact Project Highlight Insource Decal Printing ▪ DFMA Cost analysis revealed Should Cost to be much lower than supplier costs. ▪ Team strategized to in-source Decal Printing for all systems. ▪ CAPEX was required to acquire Decal Printer. ▪ Goal was to achieve savings with ide
Slide 7: Gross Profit & Net Income Trends
Financial Performance – Gross Profit & Net Income Trends Trailing Six Quarter Shows Positive Progress Gross Margin Net Income 12,000 40% 1,500 35% 1,000 10,000 500 30% 8,000 - 25% (500) 6,000 20% (1,000) 15% (1,500) 4,000 10% (2,000) 2,000 (2,500) 5% (3,000) - 0% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 F
Slide 8: Q3 FY26 vs. Q3 FY25 Financial Results
Q3 FY26 vs. Q3 FY25 Financial Results (In millions) Q3 FY26 Q3 FY25 9mo FY26 9mo FY25 Microturbine Product and Accessories $13.6 $ 8.3 $45.4 $25.0 Parts and Services $ 9.3 $ 7.4 $25.1 $23.2 Rental $ 3.9 $ 4.5 $12.5 $10.4 Total Revenue $26.8 $20.1 $83.0 $58.5 Gross Profit $ 10.4 $ 5.0 $ 27.0 $15.8 Gr
Slide 9: Q3 FY26 Select Balance Sheet & Cash Flow Items
Q3 FY26 Select Balance Sheet & Cash Flow Items (In millions) December 31, 2025 March 31, 2025 Cash & Cash Equivalents $ 15.2 $ 8.7 Accounts Receivable, $ 11.4 $ 7.0 Net of Allowances Total Inventories $ 21.2 $ 20.1 Accounts Payable & Accrued Expenses $21.0 $ 15.5 (In millions) December 31, 2025 Dece
Slide 10: Strategic Technology Investments
Strategic Technology Investments Innovating Today for a Cleaner Tomorrow New Combustion C250 Engine Liners that can Deliver Successful Test Run ~5ppm NOx ▪ Finalizing testing of new combustor liner offering ▪ Results demonstrate 800 VDC Platform <5ppm NOx without emissions aftertreatment Enhanced He
Slide 11: Future Proofing for Step Change Growth
Future Proofing for Step Change Growth Blue Sky Use Cases Ports Microgrids Station Power Data Centers ▪ Ship to Shore power ▪ Integrated renewables, ▪ Power for power plant ▪ High-availability power in storage, and dispatchable auxiliary loads plus cooling grid-constrained regions ▪ EV Charging for
Slide 12: The Changing Landscape of Distributed Generation
The Changing Landscape of Distributed Generation Major Shift from “Alternative” to “Essential” Grid Pressure is Power is Resilience Structural, Not Cyclical Moving Closer to Wins the Load Rising Demand Electrification & AI Fuel-flexible Grid Constraints Extreme Weather Lower Emissions Reliability Ri
Slide 13: Q&A
Q&A OTCQX: CGEH 13
Slide 14: APPENDIX
APPENDIX OTCQX: CGEH 14
Slide 15: The Missing Piece in the 800 VDC Roadmap
The Missing Piece in the 800 VDC Roadmap The current Capstone microturbine system relies on double conversion from high-frequency AC to DC, then from DC to low-voltage AC (e.g., 480VAC at 60 Hz). The new HVDC microturbine system will have higher efficiency via single conversion of the turbine genera
Slide 16: Microturbine Product Suite
Microturbine Product Suite Capstone Green Energy’s Core Technology C200 ICHP C600 ICHP C800 ICHP C1000 ICHP C65 ICHP Proprietary Air Bearing Technology Fuel Availability No lubricants or coolants needed Natural gas, biogas, liquid fuels & a hydrogen blend Inverter Based w/ One Moving Part Free Clean
Slide 17: $265B+ TAM: Executing in Large Addressable Markets
Executing in Large Addressable Markets Examples – Not Guidance Trad. Commercial Potential Market Share Capture & Industrial *100M + 10% Year Growth Ports/Terminals Potential Market Share Capture ~930 Terminals4 *5 Terminals = $81 MM $18+B TAM (Global) Station Power ~292 GW CCGT Plants3 Potential Mar
Slide 18: Q3'26 YTD Reconciliation of Non-GAAP Financial Measures
Q3’26 YTD Reconciliation of Non-GAAP Financial Measures FY26 Q3 FY25 Q3 FY26 YTD FY25 YTD EBTIDA and Adjusted EBITDA (in thousands) Actual Actual Actual Actual Net Income (Loss) $ 1,185 $ (2,704) $ 1,321 $ (7,064) Interest Expense 1,136 986 3,262 3,003 Provision for income taxes 5 23 14 56 Depreciat
Slide 19: Thank you for your time!
OTCQX: CGEH www.capstonegreenenergy.com 16640 Stagg Street | Van Nuys, CA | 91406 USA 20+ Years of Proven Reliability Sixteen Capstone C65 natural gas microturbines, operating in a combined cooling, heating, and power (CCHP) configuration, have reduced dependence on the local utility grid for more t
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