Overview
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- TickerCEPL on Nasdaq1
- IndustryEngines & Turbines1
- HeadquartersVan Nuys, California1
- Incorporated inDE3
- Business address16640 Stagg Street, Van Nuys, Ca 914063
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation
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Capstone Energy+, Inc. is a leading provider of behind-the-meter clean energy solutions for industrial and commercial operations, along with solutions designed for the next generation of artificial intelligence ("AI") and data center applications. For nearly four decades, we have developed and refined oil-free, friction free microturbine-based power generation technology that delivers world class low emissions and industry-leading uptime/availability in a "plug and play" design with low maintenance intervals that run on a broad range of gaseous fuels flexibility. We believe that these qualities increasingly set us apart on a total cost of ownership basis and can support a multitude of modular and flexible solutions that the new energy landscape’s fundamental transformation demands.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product and Accessories brought in 35% of the revenue Capstone Energy Plus, Inc. broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Product and Accessories | $40.3M | $56.9M |
| Microturbine Products | $36.7M | $53.9M |
| Parts and Service | $30.9M | $33.2M |
| Rentals | $14.4M | $15.9M |
| Accessories | $2.2M | $2.1M |
Regions
United States brought in 66% of the revenue Capstone Energy Plus, Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| United States | $55.7M | $70.1M |
| Mexico | $2.8M | $13.6M |
| Europe | $11.3M | $9.9M |
| All Other Countries and Regions Excluding North America, Europe, Asia, and Australia | $6.9M | $6.6M |
| Asia | $2.2M | $3.8M |
| Australia | $5.8M | $1.4M |
| North America, Excluding The United States of America and Mexico | $718.0K | $506.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue68¢$72.1M
- Research and development3¢$3.6M
- Selling, general and admin25¢$26.9M
- Income tax0¢$54.0K
- Profit3¢$2.8M
Out of $106.0M in revenue.2
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Revenue, net | $106.0M | $85.6M |
| Cost of goods sold | $72.1M | $62.3M |
| Gross profit | $33.9M | $23.3M |
| Research and development | $3.6M | $2.7M |
| Selling, general and administrative | $26.9M | $26.2M |
| Total operating expenses | $30.5M | $28.9M |
| Income (loss) from operations | $3.4M | -$5.6M |
| Other income | $3.3M | $2.3M |
| Interest income | $242.0K | $186.0K |
| Interest expense | -$4.1M | -$3.9M |
| Income (loss) before provision for income taxes | $2.8M | -$7.0M |
| Provision (benefit) for income taxes | -$54.0K | $175.0K |
| Net income (loss) | $2.8M | -$7.2M |
| Net loss per share of common stock and non-voting common stock - basic (in dollars per share) | -$3.21 | -$0.38 |
| Net loss per share of common stock and non-voting common stock - diluted (in dollars per share) | -$3.21 | -$0.38 |
| Weighted average shares used to calculate basic net income (loss) per common stock and non-voting common stock (in shares) | 20.8M shares | 19.1M shares |
| Weighted average shares used to calculate diluted net income (loss) per common stock and non-voting common stock (in shares) | 20.8M shares | 19.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2023-11-30 |
|---|---|---|---|
| Cash and cash equivalents | $28.2M | $8.7M | |
| Restricted cash | $715.0K | ||
| Accounts receivable, net of allowances of $1,337 at March 31, 2026 and $607 at March 31, 2025 | $12.9M | $7.0M | |
| Inventories | $22.1M | $16.6M | |
| Lease receivable, current | $377.0K | $113.0K | |
| Prepaid expenses and other current assets | $3.5M | $3.7M | |
| Total current assets | $67.8M | $36.1M | |
| Property, plant, equipment and rental assets, net | $16.2M | $19.4M | |
| Intangible assets, net | $5.5M | $0 | |
| Finance lease right-of-use assets | $4.8M | $3.8M | |
| Operating lease right-of-use assets | $9.9M | $8.3M | |
| Non-current portion of inventories | $2.7M | $3.5M | |
| Lease receivable, non-current | $1.9M | $1.2M | |
| Other assets | $2.6M | $2.7M | |
| Total assets | $111.5M | $74.9M | |
| Accounts payable | $17.6M | $14.1M | |
| Accrued expenses | $3.8M | $1.4M | |
| Accrued salaries and wages | $3.2M | $2.8M | |
| Accrued warranty reserve | $971.0K | $1.1M | |
| Deferred revenue, current | $10.0M | $13.4M | |
| Deferred acquisition costs, current | $1.7M | ||
| Finance lease liability, current | $1.5M | $2.0M | |
| Operating lease liability, current | $1.9M | $3.5M | |
| Factory protection plan liability | $4.7M | $6.3M | |
| Exit notes, net of discount, current | $25.3M | $8.0M | |
| Total current liabilities | $70.8M | $52.6M | |
| Deferred revenue, non-current | $648.0K | $598.0K | |
| Deferred acquisition costs, non-current | $1.4M | ||
| Finance lease liability, non-current | $991.0K | $248.0K | |
| Operating lease liability, non-current | $8.1M | $5.0M | |
| Exit notes, net of discount, non-current | $24.2M | ||
| Total liabilities | $82.0M | $82.6M | |
| Temporary equity | $73.9M | $13.9M | $13.9M |
| Additional paid-in capital | $930.2M | $955.4M | |
| Accumulated deficit | -$974.2M | -$977.0M | |
| Treasury stock, at cost; 269,603 shares at March 31, 2026 and 57,202 shares at March 31, 2025 | -$557.0K | -$46.0K | |
| Total stockholders' deficit | -$44.5M | -$21.6M | |
| Total liabilities, temporary equity and stockholders' deficit | $111.5M | $74.9M | |
| Accounts receivable, allowances | $1.3M | $607.0K | |
| Treasury stock, shares (in shares) | 269.6K shares | 57.2K shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2023-11-30 |
|---|---|---|---|
| Cash and cash equivalents | $28.2M | $8.7M | |
| Restricted cash | $715.0K | ||
| Accounts receivable, net of allowances of $1,337 at March 31, 2026 and $607 at March 31, 2025 | $12.9M | $7.0M | |
| Inventories | $22.1M | $16.6M | |
| Lease receivable, current | $377.0K | $113.0K | |
| Prepaid expenses and other current assets | $3.5M | $3.7M | |
| Total current assets | $67.8M | $36.1M | |
| Property, plant, equipment and rental assets, net | $16.2M | $19.4M | |
| Intangible assets, net | $5.5M | $0 | |
| Finance lease right-of-use assets | $4.8M | $3.8M | |
| Operating lease right-of-use assets | $9.9M | $8.3M | |
| Non-current portion of inventories | $2.7M | $3.5M | |
| Lease receivable, non-current | $1.9M | $1.2M | |
| Other assets | $2.6M | $2.7M | |
| Total assets | $111.5M | $74.9M | |
| Accounts payable | $17.6M | $14.1M | |
| Accrued expenses | $3.8M | $1.4M | |
| Accrued salaries and wages | $3.2M | $2.8M | |
| Accrued warranty reserve | $971.0K | $1.1M | |
| Deferred revenue, current | $10.0M | $13.4M | |
| Deferred acquisition costs, current | $1.7M | ||
| Finance lease liability, current | $1.5M | $2.0M | |
| Operating lease liability, current | $1.9M | $3.5M | |
| Factory protection plan liability | $4.7M | $6.3M | |
| Exit notes, net of discount, current | $25.3M | $8.0M | |
| Total current liabilities | $70.8M | $52.6M | |
| Deferred revenue, non-current | $648.0K | $598.0K | |
| Deferred acquisition costs, non-current | $1.4M | ||
| Finance lease liability, non-current | $991.0K | $248.0K | |
| Operating lease liability, non-current | $8.1M | $5.0M | |
| Exit notes, net of discount, non-current | $24.2M | ||
| Total liabilities | $82.0M | $82.6M | |
| Temporary equity | $73.9M | $13.9M | $13.9M |
| Additional paid-in capital | $930.2M | $955.4M | |
| Accumulated deficit | -$974.2M | -$977.0M | |
| Treasury stock, at cost; 269,603 shares at March 31, 2026 and 57,202 shares at March 31, 2025 | -$557.0K | -$46.0K | |
| Total stockholders' deficit | -$44.5M | -$21.6M | |
| Total liabilities, temporary equity and stockholders' deficit | $111.5M | $74.9M | |
| Accounts receivable, allowances | $1.3M | $607.0K | |
| Treasury stock, shares (in shares) | 269.6K shares | 57.2K shares |
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net income (loss) | $2.8M | -$7.2M |
| Depreciation and amortization | $4.3M | $3.9M |
| Amortization of financing costs and discounts | $105.0K | $71.0K |
| Paid-in-kind interest expense | $1.4M | $3.2M |
| Interest related to deferred acquisition costs | $229.0K | |
| Non-cash lease expense | $2.9M | $4.0M |
| Provision for credit losses | $151.0K | $823.0K |
| Inventory write-down | $480.0K | $900.0K |
| Provision (benefit) for warranty expenses | $195.0K | -$184.0K |
| Loss on disposal of equipment | $67.0K | |
| Stock-based compensation (excludes $11 thousand recorded directly to equity; see Note 14) | $777.0K | $262.0K |
| Accounts receivable | -$7.1M | -$2.1M |
| Inventories | -$4.2M | $7.6M |
| Lease receivable | -$591.0K | -$1.3M |
| Prepaid expenses, other current assets and other assets | $149.0K | $2.1M |
| Accounts payable | $5.2M | -$1.0M |
| Accrued expenses | $1.8M | -$268.0K |
| Operating lease liability, net | -$3.0M | -$4.0M |
| Accrued salaries and wages and long-term liabilities | -$332.0K | -$94.0K |
| Accrued warranty reserve | -$294.0K | -$183.0K |
| Deferred revenue | $138.0K | $2.1M |
| Deposits | -$6.1M | |
| Factory protection plan liability | -$1.6M | -$1.0M |
| Net cash (used in) provided by operating activities | -$2.5M | $7.7M |
| Cash acquired in acquisitions, net of cash paid | $410.0K | |
| Payment of deferred acquisition costs | -$500.0K | |
| Expenditures for property, plant, equipment and rental assets | -$835.0K | -$879.0K |
| Net cash used in investing activities | -$925.0K | -$879.0K |
| Proceeds from the issuance of common stock and warrants | $43.7M | |
| Shares withheld related to employee tax withholding obligations | -$512.0K | |
| Payment of Exit Note, net | -$8.3M | |
| Settlement of redeemable noncontrolling interests | -$83.5M | |
| Issuance of new redeemable preferred stock | $73.9M | |
| Repayment of finance lease obligations | -$1.6M | -$223.0K |
| Net cash provided by (used in) financing activities | $23.7M | -$223.0K |
| Net increase in cash, cash equivalents, and restricted cash | $20.2M | $6.6M |
| Interest | $2.4M | $533.0K |
| Income taxes | $101.0K | $126.0K |
| Right-of-use assets obtained in exchange for operating lease obligations | $4.7M | |
| Right-of-use assets obtained in exchange for finance lease obligations | $1.1M | |
| Settlement of lease obligations with accounts receivable due | $360.0K | $775.0K |
| Rental assets transferred to inventory | $3.1M | |
| Conversion of inventory to rental assets | $0 | $0 |
| Sales type lease | $333.0K | $981.0K |
| Operating lease modified to finance lease | $614.0K | |
| Accounts payable negotiated in lease modification | $1.3M | |
| Acquisition of treasury stock by incurring a liability | $46.0K | |
| Stock-based compensation | $788.0K | $262.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Capstone Energy Plus, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Capstone Energy Plus, Inc.
- Laurence W. Lytton Filed SCHEDULE 13G/A on Capstone Energy Plus, Inc., latest Aug 13, 2026 (2 filings since Jan 27, 2026)
- Monarch Alternative Capital LP Filed SCHEDULE 13D/A on Capstone Energy Plus, Inc., latest Jun 29, 2026 (2 filings since Apr 3, 2026)
- Orin Hirschman Filed SCHEDULE 13G/A on Capstone Energy Plus, Inc., latest Feb 2, 2026 (2 filings since Sep 29, 2023)
- Capstone Energy Plus, Inc. Van Nuys, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Capstone Energy Plus, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $53.1M2 Mar 31, 2026 | $54.9M2 Mar 31, 2025 | −3.3% |
| Accumulated depreciation | $36.9M2 Mar 31, 2026 | $35.5M2 Mar 31, 2025 | +3.9% |
| Property and equipment, net | $16.2M2 Mar 31, 2026 | $19.4M2 Mar 31, 2025 | −16.4% |
| Finance-lease assets | $4.8M2 Mar 31, 2026 | $3.8M2 Mar 31, 2025 | +26.5% |
| Operating-lease assets (leased space) | $9.9M2 Mar 31, 2026 | $8.3M2 Mar 31, 2025 | +19.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $28.2M2 Mar 31, 2026 | $8.7M2 Mar 31, 2025 | +225.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $6.0M2 Mar 31, 2026 | $7.7M11 Mar 31, 2020 | −22.7% |
| Accumulated amortization | $411.0K2 Mar 31, 2026 | $7.7M11 Mar 31, 2020 | −94.7% |
| Finite-lived intangibles, net | $5.5M2 Mar 31, 2026 | $02 Mar 31, 2025 |
Inventory
Properties, in its own words
Capstone's principal corporate offices and primary operations facility is located at 16640 Stagg Street, Van Nuys, California. This approximately 79,000 square foot facility houses our corporate headquarters, administrative functions, sales and marketing operations, research and development activities, and our manufacturing, assembly, and test operations. The Van Nuys facility serves as the operational hub of the Company, capable of producing more than 1GW of power annually.
In addition, Capstone operates an Integrated Remanufacturing Facility in Gosport, Hampshire, United Kingdom, comprising approximately 9,668 square feet of office and manufacturing space located at Unit 800, Fareham Reach, Fareham Road. This facility supports our European and global distributor network by producing new and remanufactured parts, reducing lead times and improving service responsiveness across our international installed base. The leases for the Gosport facility expire in May 2036.
The rest of Item 2
Management believes that our current facilities are adequate to support our operations for the foreseeable future. As our data center, ports, and other strategic market initiatives advance, we will continue to evaluate our real property needs and may seek additional or alternative space to support growth in manufacturing capacity, engineering resources, or commercial operations as warranted.
Item 2 of the 10-K filed Jun 25, 2026.4
Leadership
Who has led Capstone Energy Plus, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerVincent J. Canino Mar 13, 2024 to now16
- Chief executive officerRobert C. Flexon Dec 7, 2023 to Dec 8, 202317
- Chief executive officerJohn R. Tucker Jun 14, 2006 to Jun 26, 200618
- Chief executive officerDarren Jamison Dec 19, 2006 to Apr 14, 202319
- PresidentVincent J. Canino Mar 13, 2024 to now16
- PresidentRobert C. Flexon Dec 7, 2023 to Dec 8, 202317
- PresidentJohn R. Tucker Jun 14, 2006 to Jun 26, 200618
- PresidentDarren Jamison Dec 19, 2006 to Apr 14, 202319
- Chief financial officerJohn J. Juric Mar 8, 2023 to now20
- Chief financial officerScott W. Robinson Jul 25, 2022 to Nov 22, 202221
- Chief financial officerFrederick S. Hencken Iii. Dec 17, 2019 to May 17, 202222
- Chief financial officerJayme L. Brooks Apr 13, 2015 to Apr 16, 201923
- Chief financial officerEdward I. Reich Feb 13, 2008 to Apr 13, 201524
- Chief financial officerWalter McBride Jan 17, 2006 to Jun 15, 200725
- Chief operating officerMark Gilbreth May 1, 2006 to Jun 14, 200626
Board members and other officers (33)
- Chief Accounting OfficerCandice Graves Sep 9, 2025 to now27
- Chief Accounting OfficerCelia Fanning Oct 5, 2022 to now28
- Chief Accounting OfficerNeshan Nino Tavitian Nov 5, 2020 to Nov 18, 202129
- Chief Accounting OfficerFrederick S. Hencken Iii. Apr 2, 2019 to Aug 27, 201930
- EVP Sales & MarketingDarren Jamison Apr 16, 2018 to Apr 16, 201831
- Interim CAOJayme L. Brooks Oct 20, 2008 to Jun 10, 201432
- Executive VP SalesJames D. Crouse Feb 6, 2007 to May 17, 202233
- Sr. VP OperationsLeigh L. Estus Feb 22, 2007 to Jan 8, 200834
- EVP & Chief Technology OfficerMark Gilbreth Feb 22, 2007 to Dec 12, 201235
- Int. Chief Accounting OfficerEdward I. Reich Apr 11, 2007 to Apr 11, 200736
- Chief Accounting OfficerElizabeth M. Reynolds May 2, 2007 to Oct 12, 200737
- Chief Accounting OfficerAntonio Rodriquez Mar 2, 2006 to Mar 2, 200638
- Board memberChristopher J. Close Jul 18, 2025 to now39
- Board memberRobert F. Beard Aug 12, 2025 to now40
- Board memberVincent J. Canino Mar 13, 2024 to now16
- Board memberPing Fu Aug 31, 2021 to now41
- Board memberRobert F. Powelson Jun 14, 2019 to now42
- Board memberDenise Wilson Nov 20, 2019 to now43
- Board memberRobert C. Flexon Apr 24, 2018 to now44
- Board memberYon Jorden Jun 14, 2017 to Dec 8, 202345
- Board memberPaul Deweese Sep 1, 2016 to Aug 31, 202146
- Board memberDeursen Holly Van Oct 12, 2007 to Aug 31, 202147
- Board memberGary Mayo Oct 12, 2007 to Sep 1, 202048
- Board memberDennis Schiffel Mar 2, 2006 to Jun 2, 200649
- Board memberEliot G. Protsch Mar 2, 2006 to Sep 5, 201750
- Board memberRichard M. Donnelly Mar 2, 2006 to Jun 2, 200651
- Board memberJohn Jaggers V. Mar 3, 2006 to Sep 3, 201552
- Board memberDarrell Wilk Jun 16, 2006 to Sep 6, 201653
- Board memberGary D. Simon Aug 21, 2006 to Sep 5, 201754
- Board memberNoam Lotan Aug 21, 2006 to Sep 4, 201955
- Board memberRichard K. Atkinson Aug 21, 2006 to Sep 1, 201656
- Board memberDarren Jamison Dec 19, 2006 to Apr 14, 202319
- General counselMark Funaki Apr 17, 2024 to Apr 17, 202457
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Officer, DirectorJohn P Miller named Dec 10, 2025 to Apr 13, 202658
Former names
Timeline
- Aug 21, 20268-K Shareholder vote59
- Aug 12, 20268-K Results of operations60
- Jul 7, 20268-K Regulation FD disclosure61
- Jun 25, 20268-K Results of operations62
- May 18, 20268-K Regulation FD disclosure63
- Apr 30, 20268-K Bylaws or fiscal year changed64
- Apr 23, 20268-K Executive or director change65
- Apr 1, 20268-K Bylaws or fiscal year changed; Regulation FD disclosure66
- Mar 30, 20268-K Entered a material agreement; Unregistered sale of shares; Executive or director change67
- Feb 12, 20268-K Results of operations68
- Nov 25, 20258-K Regulation FD disclosure69
- Nov 24, 20258-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure70
- Mar 13, 2024New chief executive Vincent J. Canino becomes CEO16
- Dec 7, 2023New chief executive Robert C. Flexon becomes CEO17
- Dec 19, 2006New chief executive Darren Jamison becomes CEO19
- Jun 14, 2006New chief executive John R. Tucker becomes CEO18
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/202671
When it reported results
- Aug 12, 2026Reported quarterly or annual results60
- Jun 25, 2026Reported quarterly or annual results62
- Feb 12, 2026Reported quarterly or annual results68
- Nov 13, 2025Reported quarterly or annual results72
- Nov 5, 2025Reported quarterly or annual results73
- Aug 8, 2025Reported quarterly or annual results74
- Jun 27, 2025Reported quarterly or annual results75
- Feb 14, 2025Reported quarterly or annual results76
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
271 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 55 major events, 95 insider forms, 6 large holders, 2 private raises, 92 other. The latest 20:
- Sep 11, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Aug 21, 20268-K EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 12, 20268-K EDGAR
- Aug 7, 2026424B5 EDGAR
- Aug 6, 2026EFFECT EDGAR
- Jul 24, 2026S-3/A EDGAR
- Jul 8, 2026DEF 14A EDGAR
- Jul 7, 2026CERT EDGAR
- Jul 7, 2026S-3 EDGAR
- Jul 7, 20268-K EDGAR
- Jul 7, 20268-A12B EDGAR
- Jun 29, 2026SCHEDULE 13D/A EDGAR
The 271 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
11 open-market trades by officers, directors and large owners since October 2021: 11 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Fu PingDirector | Buy | 0 | Form 4 | ||
| Sep 1, 2026 | Wilson DeniseDirector | Buy | 0 | Form 4 | ||
| Nov 25, 2025 | Powelson Robert FDirector | Buy | 12,500 | $2.00 | $25.0K | Form 4 |
| Nov 25, 2025 | Canino Vincent J.President & CEO | Buy | 75,000 | $2.00 | $150.0K | Form 4 |
| Nov 25, 2025 | Beard Robert F.Director | Buy | 12,500 | $2.00 | $25.0K | Form 4 |
| Nov 25, 2025 | Miller John P.Director | Buy | 25,000 | $2.00 | $50.0K | Form 4 |
| Nov 25, 2025 | Close Christopher J.Director | Buy | 12,500 | $2.00 | $25.0K | Form 4 |
| Nov 25, 2025 | Graves CandiceChief Accounting Officer | Buy | 10,000 | $2.00 | $20.0K | Form 4 |
| Nov 21, 2022 | Robinson Scott W.InterimChief Financial Officer | Buy | 4,000 | $1.79 | $7.2K | Form 4 |
| Nov 21, 2022 | Jamison DarrenPresident & CEO | Buy | 32,025 | $1.79 | $57.3K | Form 4 |
| Nov 19, 2021 | Jamison DarrenPresident & CEO | Buy | 5,475 | $4.69 | $25.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Laurence W. LyttonSCHEDULE 13G/A, 2 filings Jan 27, 2026 to Aug 13, 202677
- Monarch Alternative Capital LPSCHEDULE 13D/A, 2 filings Apr 3, 2026 to Jun 29, 202678
- Orin HirschmanSCHEDULE 13G/A, 2 filings Sep 29, 2023 to Feb 2, 202679
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2026 | Vincent J. CaninoPresident & Chief Executive Officer | 63 | $572.0K | $1.6M80 |
| 2026 | John J. JuricFormer Chief Financial Officer | $284.7K | $336.3K80 | |
| 2026 | John P. MillerInterim Chief Financial Officer | 68 | $140.5K80 | |
| 2025 | Vincent J. CaninoPresident & Chief Executive Officer | 63 | $550.0K | $1.5M80 |
| 2025 | John J. JuricFormer Chief Financial Officer | $400.0K | $826.3K80 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $127.5M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $112.5M | $112.5M |
| 2025 | $15.0M | $15.0M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Act Capital Management, LLC | 27,500 | $253.0K | 0.2% | New |
| Accent Capital Management, LLC | 925 | $8.5K | 0.0% | New |
| Arlington Trust Co LLC | 300 | $2.8K | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Capstone Energy Plus, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCapstone Energy Plus, Inc.1
- CIK0001009759
- Employer ID (EIN)20-15142704
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsMarch 311
- Industry code (SIC)3510 Engines & Turbines1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address16640 Stagg Street, Van Nuys, CA 914061
- Phone818-734-53001
- Shares outstanding32,230,733 Voting Common Stock shares; 333,120 Nonvoting Common Stock shares as of Jun 18, 20264
- Public float$52.1M as of Sep 30, 20254
- AuditorCBIZ CPAs P.C., Los Angeles, CA PCAOB ID 199; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMar 22, 20001
- Filings1,619 in all: 4 (812), 8-K (279), 10-Q (79), 3 (48), 424B5 (28), 10-K (26), DEF 14A (24), S-8 (24)1
All 57 form types
EFFECT (23), SC 13G/A (23), S-8 POS (21), SC 13G (21), DEFA14A (20), 4/A (14), SD (13), POS AM (12), S-3 (12), ARS (11), 5 (10), CORRESP (10), UPLOAD (10), PRE 14A (9), S-1/A (9), 424B3 (7), D (7), 8-K/A (6), S-3/A (6), FWP (5), 8-A12B (4), NT 10-K (4), NT 10-Q (3), PRER14A (3), S-1 (3), 10-Q/A (2), 15-12B (2), 3/A (2), 424B1 (2), 8-A12G (2), DEFR14A (2), S-3MEF (2), SC TO-I/A (2), SCHEDULE 13G/A (2), 10-K/A (1), 10-QT (1), 25-NSE (1), 424B4 (1), 8-A12B/A (1), 8-K12G3 (1), CERT (1), DEFC14A (1), NT 10-K/A (1), PREC14A (1), REGDEX (1), SC TO-I (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Jun 25, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Jul 8, 2026
Latest 8-K (8-K) Aug 21, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.001 per share | CGEH |
From the cover page of the 10-K filed Jun 25, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Capstone Energy Plus, Inc. names in Item 1A of its 10-K filed Jun 25, 2026: 42 risks under these headings, as written.4
- Risks Related to Substantial Indebtedness and Long-Term Liquidity
- There are significant risks related to our substantial indebtedness and our long-term liquidity.
- Risks Related to Our Business Operations and Financial Results
- A sustainable market for microturbines may never develop or may take longer to develop than we anticipate, which would adversely affect our results of operations.
- There are uncertainties and risks related to the profitability, safety and regulatory environment of AI that could adversely affect our business and operations.
- Our business may depend upon the demand for data centers. Slower expansion of AI data centers due to actual or perceived deceleration in AI adoption or other factors could have an adverse impact on our business, financial condition and results of operations.
- We have an evolving business model and strategy, which includes an increasing focus on diversifying into partnerships with data centers for AI and HPC companies.
- Product quality expectations may not be met, causing slower market acceptance or warranty cost exposure.
- Our products involve a lengthy sales cycle, and we may not anticipate sales levels appropriately, which could impair our results of operations.
- If we do not effectively implement our sales, marketing, and service plans, our sales will not grow and our results of operations will suffer.
- Changes to trade regulations, quotas, duties or tariffs, and sanctions caused by the changing U.S. and geopolitical environments or otherwise, may increase our costs or limit the amount of raw materials and products that we can import or may otherwise adversely impact our business.
- We may not be able to retain or develop relationships with OEMs or distributors in our targeted markets, in which case our sales would not increase as expected.
The other 32 risks
- If any of our distributor relationships are not successful, we may terminate or choose not to renew the related distributor agreement, which may result in interference with the wind down of the relationship or the transition of end user service agreements and could potentially negatively impact our distribution channels or result in litigation costs or other expenses.
- Increased credit loss expense or delays in collecting accounts receivable could have a material adverse effect on our cash flows and results of operations.
- Loss of a significant customer could have a material adverse effect on our results of operations.
- We may not achieve production cost reductions necessary to competitively price our products, which would adversely affect our sales.
- We may incur costs and liabilities as a result of product liability claims.
- Operational restructuring may result in asset impairment or other unanticipated charges.
- Our success depends in significant part upon the continuing service of management, directors and other key personnel, and several key management and other employees have recently left Capstone.
- Activities necessary to integrate any future acquisitions may result in costs in excess of current expectations or be less successful than anticipated.
- Risks Related to Our Product Offerings
- We depend upon the development of new products and enhancements of existing products.
- Our operating results are dependent, in large part, upon the successful commercialization of our products. Failure to produce our products as scheduled and budgeted could materially and adversely affect our business and financial condition.
- We may not be able to produce our products on a timely basis if we fail to correctly anticipate product supply requirements or if we suffer delays in production resulting from issues with our suppliers. Our suppliers may not supply us with a sufficient amount of components or components of adequate quality, or they may provide components at significantly increased prices.
- Commodity market factors impact our costs and availability of materials.
- We operate in a highly competitive market among competitors that have significantly greater resources than we have, and we may not be able to compete effectively.
- Our business and financial performance depends in part on the oil and natural gas industry, where a continued movement towards clean energy and away from fossil fuels, as well as fluctuations in prices for oil and natural gas, may have an adverse effect on our revenue, cash flows, profitability, and growth.
- Our sales and results of operations could be materially and adversely impacted by risks inherent in international markets.
- We may not be able to develop sufficiently trained applications engineering, installation, and service support resources to serve our targeted markets.
- Changes in our product components may require us to replace parts held at distributors.
- Utility companies or governmental entities could place barriers to our entry into the marketplace, and we may not be able to effectively sell our products.
- Risks Related to Pending Litigation and Government Regulation
- We operate in a highly regulated business environment, and changes in regulation could impose significant costs on us or make our products less economical, thereby affecting demand for our microturbines.
- Our prior restatement and related Audit Committee investigations may continue to affect investor confidence, our reputation and our ability to raise capital.
- We may be involved in litigation and other proceedings that could adversely affect us.
- Risks Related to Data, Security, and Intellectual Property
- Our business could be negatively impacted if we fail to adequately protect our intellectual property rights or if third parties claim that we are in violation of their intellectual property rights.
- We face security and cybersecurity risks related to our electronic processing of sensitive and confidential business and product data. If we are unable to protect our data or the data of our customers, a security breach could damage our reputation and have a material adverse effect on our business.
- Risks Related to Ownership of Our Common Stock
- We are a holding company and will depend on dividends and distributions from our Operating Subsidiary to pay any dividends.
- Future issuances or sales of our Common Stock, exercises by holders of any warrants we may issue or conversion of the Series A Preferred Stock could lower our stock price and dilute the interests of existing stockholders.
- Holders of our Series A Preferred Stock are entitled to certain dividend payments under the Certificate of Designation that may increase over time and could adversely affect our financial condition and results of operations.
- The Certificate of Designation contains anti-dilution provisions that may dilute the interests of our common stockholders, depress the price of our common stock and make it difficult for us to raise additional capital.
- The Certificate of Designation contains protective provisions and preemptive rights that may make it difficult to procure additional financing and that may affect our financial condition and results of operations.
- There is currently limited public trading market for our common stock on the OTC market, and we cannot assure you that a more active trading market will develop for our common stock.
- The market price of our Common Stock is likely to be highly volatile and you could lose all or part of your investment in our securities.
- Provisions in our certificate of incorporation and bylaws, as well as Delaware law, may discourage, delay or prevent a merger or acquisition at a premium price.
- We do not intend to pay cash dividends. We have never paid cash dividends on our capital stock, and we do not anticipate paying any cash dividends in the foreseeable future. Consequently, any gains from an investment in our securities will likely depend on whether the price of our Common Stock increases.
Legal proceedings
The Company is from time to time involved in claims, litigation and other proceedings arising in the ordinary course of business, including commercial, employment, contractual and collection matters. The Company does not currently believe that any such ordinary-course matters are material to its business, financial condition or results of operations.
Capstone Turbine Corporation v. Turbine International, LLC.
On February 3, 2020, Capstone Turbine Corporation filed suit against its former distributor, Turbine International, LLC (“Turbine Intl.”), in the Superior Court of California alleging breach of contract relating to the parties’ prior distributor relationship (which terminated at the end of March 2018) and Turbine Intl.’s failure to satisfy its payment obligations under certain financial agreements, namely an accounts receivable agreement and promissory note in favor of Capstone. The Company subsequently modified its complaint to include Turbine Intl. guarantors as defendants. The Company was seeking approximately $4.8 million in compensatory damages, along with injunctive relief and attorney’s fees, interest, and costs. In 2024, the Court ordered default judgments first against Turbine International and then against the other defendants. The default judgment in the amount of approximately $7.3 million, which included pre-judgment interest and costs of the suit, was entered and placed on the docket in June 2025. The Company has prevailed in this proceeding. The ability of Capstone to collect on the judgment is unclear, as the defendants are overseas or without U.S.-based assets, therefore we have not recorded a receivable as of March 31, 2026.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 32SEC EDGARJayme L. Brooks, Interim CAO
- 33SEC EDGARJames D. Crouse, Executive VP Sales
- 34SEC EDGARLeigh L. Estus, Sr. VP Operations
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- 39SEC EDGARChristopher J. Close, Board member
- 40SEC EDGARRobert F. Beard, Board member
- 41SEC EDGARPing Fu, Board member
- 42SEC EDGARRobert F. Powelson, Board member
- 43SEC EDGARDenise Wilson, Board member
- 44SEC EDGARRobert C. Flexon, Board member
- 45SEC EDGARYon Jorden, Board member
- 46SEC EDGARPaul Deweese, Board member
- 47SEC EDGARDeursen Holly Van, Board member
- 48SEC EDGARGary Mayo, Board member
- 49SEC EDGARDennis Schiffel, Board member
- 50SEC EDGAREliot G. Protsch, Board member
- 51SEC EDGARRichard M. Donnelly, Board member
- 52SEC EDGARJohn Jaggers V., Board member
- 53SEC EDGARDarrell Wilk, Board member
- 54SEC EDGARGary D. Simon, Board member
- 55SEC EDGARNoam Lotan, Board member
- 56SEC EDGARRichard K. Atkinson, Board member
- 57SEC EDGARMark Funaki, General counsel
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- 59SEC EDGARShareholder vote
- 60SEC EDGARResults of operations
- 61SEC EDGARRegulation FD disclosure
- 62SEC EDGARResults of operations
- 63SEC EDGARRegulation FD disclosure
- 64SEC EDGARBylaws or fiscal year changed
- 65SEC EDGARExecutive or director change
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- 68SEC EDGARResults of operations
- 69SEC EDGARRegulation FD disclosure
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- 71NasdaqNasdaq calendar
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