Tennessee Valley Authority (TVE)
As-reported financials and SEC filings for Tennessee Valley Authority. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Tennessee Valley Authority
Tennessee Valley Authority (TVA) is a federally created corporate agency that operates the largest public power system in the United States. It generates and sells electricity primarily to local power companies, municipalities, cooperatives, large commercial and industrial customers, and federal agencies within a seven-state service area in the southeastern U.S. TVA also manages the Tennessee River system for navigation, flood control, recreation, and environmental stewardship.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Tennessee Valley Authority
- Free cash flow was negative $1.1B in FY2025.
- Net income rose 19.8% to $1.4B in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-08-14 | 2.4K | -1.7% | 1.00 |
| 2026-07-31 | 2.5K | -31.4% | 1.00 |
| 2026-07-15 | 3.6K | -60.8% | 1.00 |
| 2026-06-30 | 9.2K | +399.8% | 1.00 |
| 2026-06-15 | 1.8K | -31.0% | 1.00 |
| 2026-05-29 | 2.7K | -59.9% | 1.00 |
| 2026-05-15 | 6.6K | +26.2% | 1.00 |
| 2026-04-30 | 5.2K | -70.7% | 1.00 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | — | — | $12.05B | $12.54B | $10.50B |
| Gross profit | — | — | — | — | — |
| Operating income | $2.57B | $2.23B | $1.69B | $2.41B | $2.85B |
| Net income | $1.36B | $1.14B | $500.0M | $1.11B | $1.51B |
| Diluted EPS | — | — | — | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $1.58B | $502.0M | $501.0M | $500.0M | $499.0M |
| Current assets | $5.18B | $3.77B | $3.67B | $3.97B | $3.50B |
| Total assets | $60.88B | $57.70B | $51.34B | $51.19B | $52.46B |
| Current liabilities | $5.61B | $5.87B | $4.87B | $4.64B | $4.98B |
| Long-term debt | $22.09B | $18.76B | $18.78B | $18.79B | $18.46B |
| Total liabilities | — | — | — | — | — |
| Total equity | — | — | — | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.32B | $3.00B | $2.87B | $2.95B | $3.26B |
| Capital expenditure | $4.46B | $3.28B | $2.53B | $2.36B | $1.96B |
| Free cash flow | $-1.13B | $-278.0M | $346.0M | $587.0M | $1.29B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q3 FY2026 | — | — | $307.0M | — |
| Q2 FY2026 | — | — | $392.0M | — |
| Q1 FY2026 | — | — | $266.0M | — |
| Q4 FY2025 | — | — | $615.0M | — |
| Q3 FY2025 | — | — | $212.0M | — |
| Q2 FY2025 | — | — | $408.0M | — |
| Q1 FY2025 | — | — | $125.0M | — |
| Q4 FY2024 | — | — | $520.0M | — |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Selected SEC filings
Largest Utilities peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.