Exelon (EXC) 10-K Summary — Year Ended Dec 31, 2025
Exelon Corporation filed its annual report for the fiscal year ended December 31, 2025. The filing describes the company's utility operations, financial performance, and risk factors.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Exelon Corporation filed its annual report for the fiscal year ended December 31, 2025. The filing describes the company's utility operations, financial performance, and risk factors.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$24.3B
Revenue reported for the fiscal year.
Operating income
$5.1B
Income from operations reported for the year.
Net income
$2.8B
Net income reported for the year.
Operating cash flow
$6.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $19.1B | +6.4% |
| Dec 31, 2023 | $21.7B | +13.9% |
| Dec 31, 2024 | $23B | +6.0% |
| Dec 31, 2025 | $24.3B | +5.3% |
Business overview
Exelon is a utility holding company with regulated electric and gas utilities serving customers in multiple states. Its strategy focuses on operational excellence, clean energy transition, and customer service. The company also addresses environmental regulations and employee matters.
Financial performance
The company reported revenue growth compared to the prior year, with operating income and net income showing positive results. Operating cash flow was robust, supporting the company's financial health.
Material risks
The filing identifies risks including regulatory changes, economic conditions, and operational challenges. These factors could affect the company's financial results and operations.
Liquidity and capital
Liquidity is supported by operating cash flows and capital market access. Capital allocation priorities include infrastructure investments and shareholder returns.
What to watch
Investors should monitor the company's progress on regulatory proceedings and capital investment plans in the next filing.