Capstone Energy+, Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026 with the U.S. Securities and Exchange Commission on August 12, 2026, reporting a return to net income after a loss in the year-earlier period.

Key Highlights

  • Net income of $37 thousand for the three months ended June 30, 2026, compared to a net loss of $698 thousand in the same period of 2025, according to the filing.
  • Total revenue of $24,923 thousand for the quarter, down from $27,871 thousand in the prior-year quarter, the filing disclosed.
  • Gross profit of $8,760 thousand for the quarter, up from $7,564 thousand in the three months ended June 30, 2025.
  • Total assets of $114,803 thousand as of June 30, 2026, compared to $111,450 thousand at March 31, 2026, per the balance sheet.
  • Cash of $31,582 thousand as of June 30, 2026, up from $28,179 thousand at March 31, 2026.
  • Accumulated deficit of $974,138 thousand as of June 30, 2026, with total stockholders' deficit of $45,219 thousand.
  • 32,611,589 shares of voting common stock outstanding as of August 7, 2026, plus 333,120 shares of non-voting common stock outstanding.

Capstone Energy+ Posts Slim Profit as Gross Margin Improves in June 2026 Quarter

Capstone Energy+, Inc. (NASDAQ:CEPL), a Delaware-incorporated company headquartered at 16640 Stagg Street, Van Nuys, California, reported net income of $37 thousand for the three months ended June 30, 2026, according to its unaudited condensed consolidated financial statements. This compares to a net loss of $698 thousand in the three months ended June 30, 2025. The company is classified as a non-accelerated filer and smaller reporting company, the filing indicated.

Total revenue, net, declined to $24,923 thousand from $27,871 thousand in the prior-year quarter. The filing shows product and accessories revenue fell to $12,964 thousand from $15,720 thousand, while parts and services revenue increased to $9,722 thousand from $7,938 thousand. Rental revenue declined to $2,237 thousand from $4,213 thousand. Total cost of goods sold fell to $16,163 thousand from $20,307 thousand, yielding gross profit of $8,760 thousand versus $7,564 thousand a year earlier. Income from operations was $967 thousand, compared to a loss from operations of $171 thousand in the year-earlier period.

On the balance sheet as of June 30, 2026, the filing reported total liabilities of $85,100 thousand, including exit notes, net of discount, of $25,337 thousand classified as current liabilities. Redeemable preferred stock, carried as temporary equity, was valued at $74,922 thousand, with 80,000 shares issued and outstanding. Common shares issued and outstanding rose to 32,557,301 at June 30, 2026 from 30,163,613 at March 31, 2026, partly reflecting the exercise of prefunded warrants for 2,019,812 shares during the quarter, as disclosed in the statements of changes in equity. Net loss per share of common stock and non-voting common stock, basic and diluted, was reported as $(0.03) for the quarter ended June 30, 2026, based on weighted average shares of 34,335 thousand.

What Was Disclosed

Capstone Energy+, Inc. filed a quarterly report covering the three months ended June 30, 2026, disclosing net income of $37 thousand, total revenue of $24,923 thousand, total assets of $114,803 thousand, and a total stockholders' deficit of $45,219 thousand, with financial statements presented on an unaudited basis.