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Verde Clean Fuels (VGAS) Financials

Verde Clean Fuels logo
$1.07 0.00 (0.00%)
Closing price 07/10/2026 04:00 PM Eastern
Extended Trading
$1.09 +0.02 (+1.78%)
As of 07:00 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Verde Clean Fuels

Annual Income Statements for Verde Clean Fuels

This table shows Verde Clean Fuels' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.49 2.72 -2.74 -3.33 -6.96
Consolidated Net Income / (Loss)		 -0.47 2.72 -11 -11 -14
Net Income / (Loss) Continuing Operations		 -0.49 2.72 -11 -11 -14
Total Pre-Tax Income 		-0.47 2.72 -10 -10 -14
Total Operating Income		 -0.46 2.72 -11 -12 -16
Total Gross Profit		 0.00 0.00 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00 0.00 0.00
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 0.46 -2.72 11 12 16
Selling, General & Admin Expense		 0.46 4.51 12 11 12
Research & Development Expense		 - 0.32 0.33 0.45 0.59
Impairment Charge		 - - - 0.00 3.94
Total Other Income / (Expense), net		 -0.04 0.00 0.21 1.19 2.43
Other Income / (Expense), net		 -0.04 0.00 0.45 1.19 2.43
Income Tax Expense		 0.00 0.00 0.17 0.05 0.11
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 -7.76 -7.18 -7.18
Basic Earnings per Share		 ($0.10) $0.00 ($0.45) ($0.53) ($0.39)
Weighted Average Basic Shares Outstanding		 10.49M 0.00 6.14M 6.29M 17.84M
Diluted Earnings per Share		 - - ($0.45) ($0.53) ($0.39)
Weighted Average Diluted Shares Outstanding		 6.46M 31.86M 6.14M 6.29M 17.84M
Weighted Average Basic & Diluted Shares Outstanding		 6.46M 31.86M 31.93M 44.55M 44.55M

Quarterly Income Statements for Verde Clean Fuels

This table shows Verde Clean Fuels' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.77 -0.65 -0.77 -0.90 -0.78 -0.88 -1.25 -1.26 -1.16 -3.30 -1.21
Consolidated Net Income / (Loss)		 -2.63 -2.20 -2.53 -2.83 -2.49 -2.66 -2.70 -2.55 -2.33 -6.55 -2.39
Net Income / (Loss) Continuing Operations		 -2.63 -2.20 -2.53 -2.83 -2.49 -2.66 -2.70 -2.55 -2.33 -6.55 -2.39
Total Pre-Tax Income 		-2.51 -2.15 -2.53 -2.85 -2.49 -2.60 -2.65 -2.57 -2.23 -6.57 -2.35
Total Operating Income		 -2.59 -2.36 -2.88 -3.16 -2.79 -2.84 -3.18 -3.24 -2.88 -7.15 -2.85
Total Gross Profit		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 2.59 2.36 2.88 3.16 2.79 2.84 3.18 3.24 2.88 7.15 2.85
Selling, General & Admin Expense		 2.51 2.28 2.79 2.99 2.69 2.73 3.00 3.09 2.75 3.08 2.67
Research & Development Expense		 0.08 0.08 0.09 0.17 0.09 0.10 0.18 0.15 0.13 0.13 0.18
Total Other Income / (Expense), net		 0.08 0.21 0.35 0.32 0.29 0.24 0.53 0.67 0.65 0.58 0.51
Other Income / (Expense), net		 0.14 0.21 0.35 0.32 0.29 0.24 0.53 0.67 0.65 0.58 0.51
Income Tax Expense		 0.12 0.05 0.00 -0.01 0.00 0.07 0.05 -0.03 0.10 -0.02 0.05
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.86 -1.56 -1.76 -1.93 -1.72 -1.78 -1.46 -1.29 -1.18 -3.26 -1.19
Basic Earnings per Share		 ($0.13) ($0.11) ($0.13) ($0.14) ($0.12) ($0.14) ($0.08) ($0.07) ($0.06) ($0.18) ($0.05)
Weighted Average Basic Shares Outstanding		 6.15M 6.14M 6.17M 6.30M 6.34M 6.29M 14.81M 18.84M 18.84M 17.84M 22.07M
Diluted Earnings per Share		 - - ($0.13) ($0.14) ($0.12) - ($0.08) ($0.07) ($0.06) ($0.18) ($0.05)
Weighted Average Diluted Shares Outstanding		 6.15M 6.14M 6.17M 6.30M 6.34M 6.29M 14.81M 18.84M 18.84M 17.84M 22.07M
Weighted Average Basic & Diluted Shares Outstanding		 31.89M 31.93M 31.93M 32.05M 32.05M 44.55M 44.55M 44.55M 44.55M 44.55M 44.55M

Annual Cash Flow Statements for Verde Clean Fuels

This table details how cash moves in and out of Verde Clean Fuels' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.49 0.38 28 -9.74 38
Net Cash From Operating Activities		 -0.53 -3.28 -9.11 -8.88 -8.89
Net Cash From Continuing Operating Activities		 -0.52 -3.28 -9.11 -8.88 -8.89
Net Income / (Loss) Continuing Operations		 -0.47 2.72 -11 -11 -14
Consolidated Net Income / (Loss)		 -0.47 2.72 -11 -11 -14
Depreciation Expense		 - 0.01 0.00 0.01 0.02
Amortization Expense		 - 0.24 0.54 0.31 0.35
Non-Cash Adjustments To Reconcile Net Income		 0.00 -6.24 2.93 1.35 6.12
Changes in Operating Assets and Liabilities, net		 -0.05 -0.01 -2.09 -0.04 -1.24
Net Cash From Investing Activities		 -174 -0.00 -0.06 -0.86 -2.39
Net Cash From Continuing Investing Activities		 -174 -0.00 -0.06 -0.86 -2.39
Purchase of Property, Plant & Equipment		 - -0.00 -0.06 -2.55 -7.69
Other Investing Activities, net		 -174 - 0.00 1.70 5.30
Net Cash From Financing Activities		 175 3.66 37 0.00 49
Net Cash From Continuing Financing Activities		 175 3.66 37 0.00 49
Repurchase of Common Equity		 -0.37 - - 0.00 -0.55
Issuance of Common Equity		 176 0.00 32 0.00 50
Cash Income Taxes Paid		 - 0.00 0.43 0.05 0.19

Quarterly Cash Flow Statements for Verde Clean Fuels

This table details how cash moves in and out of Verde Clean Fuels' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -2.01 -2.37 -2.84 -2.73 -1.54 -2.63 46 -3.23 -2.61 -2.23 -2.93
Net Cash From Operating Activities		 -1.99 -2.32 -2.83 -2.19 -1.64 -2.22 -3.70 -2.18 -1.68 -1.33 -2.62
Net Cash From Continuing Operating Activities		 -1.99 -2.32 -2.83 -2.19 -1.64 -2.22 -3.70 -2.18 -1.68 -1.33 -2.62
Net Income / (Loss) Continuing Operations		 -2.63 -2.20 -2.53 -2.83 -2.49 -2.66 -2.70 -2.55 -2.33 -6.55 -2.39
Consolidated Net Income / (Loss)		 -2.63 -2.20 -2.53 -2.83 -2.49 -2.66 -2.70 -2.55 -2.33 -6.55 -2.39
Depreciation Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Amortization Expense		 0.25 0.20 0.07 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.10
Non-Cash Adjustments To Reconcile Net Income		 0.28 0.31 0.25 0.26 0.40 0.44 0.42 0.49 0.63 4.58 0.60
Changes in Operating Assets and Liabilities, net		 0.11 -0.62 -0.62 0.30 0.37 -0.09 -1.50 -0.22 -0.07 0.55 -0.93
Net Cash From Investing Activities		 -0.00 -0.06 -0.01 -0.54 0.10 -0.40 -0.01 -0.54 -0.94 -0.90 -0.32
Net Cash From Continuing Investing Activities		 -0.00 -0.06 -0.01 -0.54 0.10 -0.40 -0.01 -0.54 -0.94 -0.90 -0.32
Purchase of Property, Plant & Equipment		 -0.00 -0.06 -0.01 -0.54 -0.89 -1.10 -0.47 -1.55 -2.44 -3.23 -0.46
Other Investing Activities, net		 - - 0.00 - 0.99 0.70 0.46 1.01 1.50 2.33 0.14
Net Cash From Financing Activities		 -0.02 - 0.00 - - - 50 -0.50 -0.00 - 0.00
Net Cash From Continuing Financing Activities		 -0.02 - 0.00 - - - 50 -0.50 -0.00 - 0.00
Repurchase of Common Equity		 - - 0.00 - - - -0.05 -0.50 -0.00 - 0.00
Issuance of Common Equity		 - - 0.00 - - - 50 - - - 0.00

Annual Balance Sheets for Verde Clean Fuels

This table presents Verde Clean Fuels' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.20 175 6.36 32 24 60
Total Current Assets		 0.01 0.73 3.84 29 20 58
Cash & Equivalents		 0.01 0.51 0.46 29 19 57
Restricted Cash		 - - 0.00 0.10 0.10 0.10
Prepaid Expenses		 0.00 0.22 0.11 - 0.80 0.47
Plant, Property, & Equipment, net		 0.00 0.00 0.33 0.06 1.10 0.06
Total Noncurrent Assets		 0.19 174 2.18 2.61 2.30 2.26
Intangible Assets		 - - 1.93 1.93 1.93 1.93
Other Noncurrent Operating Assets		 0.19 174 0.26 0.69 0.38 0.33
Total Liabilities & Shareholders' Equity		 0.20 175 6.36 32 24 60
Total Liabilities		 0.18 6.28 5.25 3.10 2.89 2.11
Total Current Liabilities		 0.18 0.24 3.87 2.46 2.81 2.10
Accounts Payable		 - 0.24 2.86 0.18 0.73 0.99
Accrued Expenses		 0.09 - 0.76 1.98 1.91 0.91
Other Current Liabilities		 - 0.00 0.24 0.30 0.17 0.21
Total Noncurrent Liabilities		 0.00 6.04 1.38 0.64 0.08 0.01
Other Noncurrent Operating Liabilities		 0.00 0.00 1.38 0.23 0.08 0.01
Commitments & Contingencies		 0.00 0.00 - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.02 -5.55 1.10 29 21 58
Total Preferred & Common Equity		 0.02 -5.55 1.10 11 10 30
Total Common Equity		 0.02 -5.55 1.10 11 10 30
Common Stock		 0.03 0.00 0.00 35 38 64
Retained Earnings		 -0.00 -5.55 -12 -24 -27 -34
Noncontrolling Interest		 - - 0.00 18 10 28

Quarterly Balance Sheets for Verde Clean Fuels

This table presents Verde Clean Fuels' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 35 30 28 26 71 69 67 58
Total Current Assets		 32 27 25 23 67 64 61 55
Cash & Equivalents		 31 26 23 22 65 62 59 54
Restricted Cash		 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Prepaid Expenses		 0.81 1.41 1.01 0.76 1.16 0.81 0.60 0.94
Plant, Property, & Equipment, net		 0.28 0.07 0.78 1.05 1.59 2.32 3.38 0.06
Total Noncurrent Assets		 2.19 2.54 2.09 2.09 2.52 2.44 2.35 2.53
Intangible Assets		 1.93 1.93 1.93 1.93 1.93 1.93 1.93 1.93
Other Noncurrent Operating Assets		 0.27 0.61 0.16 0.16 0.60 0.51 0.42 0.60
Total Liabilities & Shareholders' Equity		 35 30 28 26 71 69 67 58
Total Liabilities		 3.82 3.10 3.45 3.61 3.55 2.98 3.14 1.57
Total Current Liabilities		 3.82 2.95 3.34 3.52 3.46 2.93 3.11 1.54
Accounts Payable		 0.48 0.37 0.21 1.07 2.16 1.81 2.19 0.28
Accrued Expenses		 2.25 2.23 2.82 2.21 0.91 0.75 0.64 0.79
Other Current Liabilities		 0.26 0.33 0.31 0.24 0.39 0.37 0.28 0.47
Total Noncurrent Liabilities		 0.00 0.15 0.11 0.09 0.09 0.05 0.03 0.03
Other Noncurrent Operating Liabilities		 0.00 0.15 0.11 0.09 0.09 0.05 0.03 0.03
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 31 27 24 22 68 66 64 56
Total Preferred & Common Equity		 11 11 10 10 34 33 33 29
Total Common Equity		 11 11 10 10 34 33 33 29
Common Stock		 35 36 36 36 62 63 63 65
Retained Earnings		 -23 -25 -26 -26 -29 -30 -31 -35
Noncontrolling Interest		 19 16 14 12 34 33 32 27

Annual Metrics And Ratios for Verde Clean Fuels

This table displays calculated financial ratios and metrics derived from Verde Clean Fuels' official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 21,752,250.00 21,752,250.00 31,887,836.00 - 44,549,621.00
DEI Adjusted Shares Outstanding		 21,752,250.00 21,752,250.00 31,887,836.00 - 44,549,621.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.02 0.13 -0.09 - -0.16
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 0.00% 696.92% -421.98% -6.15% -34.70%
EBIT Growth		 0.00% 647.05% -471.36% -3.62% -34.07%
NOPAT Growth		 0.00% 950.48% -371.46% -10.54% -41.15%
Net Income Growth		 0.00% 672.98% -486.18% -0.13% -34.43%
EPS Growth		 0.00% 0.00% 0.00% -17.78% 26.42%
Operating Cash Flow Growth		 0.00% -520.72% -177.90% 2.55% -0.10%
Free Cash Flow Firm Growth		 0.00% 0.00% -104.16% -31.85% -14.03%
Invested Capital Growth		 0.00% -99.61% -45.36% 332.70% -56.14%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% -7.77% -10.38% -5.78% -40.96%
EBIT Q/Q Growth		 0.00% -15.47% -11.42% -4.40% -39.60%
NOPAT Q/Q Growth		 0.00% -15.47% -16.35% -4.22% -35.59%
Net Income Q/Q Growth		 0.00% -14.98% -14.39% -4.56% -37.99%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -11.43%
Operating Cash Flow Q/Q Growth		 0.00% -36.87% -17.41% 1.05% 9.19%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -104.46% -10.65% 14.63%
Invested Capital Q/Q Growth		 0.00% -99.61% 475.15% 196.02% -85.02%
Profitability Metrics		 - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 101.61% 100.49% 100.76%
Interest Burden Percent		 95.47% 100.00% 102.34% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -0.56% 3.20% -70.18% -42.48% -35.87%
Cash Return on Invested Capital (CROIC)		 0.00% 201.68% -1,407.69% -986.02% -962.40%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 0.02% -0.08% -28.60% -18.31% -18.25%
Return on Equity Simple (ROE_SIMPLE)		 8.56% 246.45% -94.65% -102.60% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.32 2.72 -7.38 -8.16 -12
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -30.63% 0.00% -21.57% -9.89% -6.83%
Return On Investment Capital (ROIC_SIMPLE)		 - - -25.25% -39.45% -19.81%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.50 2.72 -10 -10 -14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.50 2.97 -9.55 -10 -14
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 263.04 1.31 2.49 1.23
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.58 3.07 1.32
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 106.73 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.94% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.41 445.09 10.55 10.94 11.43
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 97.66 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 106.56 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 106.56 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 1.70 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 0.01 0.01 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.01 0.00 0.00
Financial Leverage		 0.00 -0.01 -0.97 -0.96 -0.97
Leverage Ratio		 1.04 1.07 1.28 1.12 1.06
Compound Leverage Factor		 0.99 1.07 1.31 1.12 1.06
Debt to Total Capital		 0.00% 1.00% 1.40% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 1.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 1.40% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 103.29% 0.00% 60.65% 50.45% 48.64%
Common Equity to Total Capital		 -3.29% 99.00% 37.95% 49.55% 51.35%
Debt to EBITDA		 0.00 0.00 -0.04 0.00 0.00
Net Debt to EBITDA		 0.00 -0.15 2.98 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 -0.04 0.00 0.00
Debt to NOPAT		 0.00 0.00 -0.06 0.00 0.00
Net Debt to NOPAT		 0.00 -0.17 3.86 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 -0.06 0.00 0.00
Altman Z-Score		 6.08 31.99 1.72 3.11 9.99
Noncontrolling Interest Sharing Ratio		 103.28% 102.62% 59.24% 56.89% 49.12%
Liquidity Ratios		 - - - - -
Current Ratio		 3.02 0.99 11.90 7.18 27.58
Quick Ratio		 2.09 0.12 11.71 6.86 27.25
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 170 -7.09 -9.34 -11
Operating Cash Flow to CapEx		 0.00% -74,340.22% -15,553.81% -348.28% -115.67%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -29.94 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 -38.50 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -38.75 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 168 0.65 0.36 1.54 0.68
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 -168 -0.30 1.18 -0.86
Enterprise Value (EV)		 238 290 3.75 17 7.72
Market Capitalization		 64 290 14 26 37
Book Value per Share		 ($0.26) $0.05 $0.35 $1.63 $0.67
Tangible Book Value per Share		 ($0.26) ($0.04) $0.29 $1.32 $0.63
Total Capital		 169 1.11 29 21 58
Total Debt		 0.00 0.01 0.41 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.41 0.00 0.00
Net Debt		 -0.51 -0.45 -28 -19 -57
Capital Expenditures (CapEx)		 0.00 0.00 0.06 2.55 7.69
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.02 -0.48 -2.09 -1.78 -1.49
Debt-free Net Working Capital (DFNWC)		 0.49 -0.02 27 17 56
Net Working Capital (NWC)		 0.49 -0.03 27 17 56
Net Nonoperating Expense (NNE)		 0.15 0.00 3.12 2.36 2.62
Net Nonoperating Obligations (NNO)		 -0.51 -0.45 -28 -19 -57
Total Depreciation and Amortization (D&A)		 0.00 0.25 0.54 0.32 0.37
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.34) ($0.45) ($0.53) ($0.39)
Adjusted Weighted Average Basic Shares Outstanding		 21.75M 21.75M 6.14M 6.29M 17.84M
Adjusted Diluted Earnings per Share		 ($0.05) $0.00 $0.00 ($0.53) ($0.39)
Adjusted Weighted Average Diluted Shares Outstanding		 4.03M 31.86M 31.93M 6.29M 17.84M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 6.46M 31.86M 31.93M 44.55M 44.55M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.32 1.90 -7.38 -8.16 -8.76
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.00 0.00 -42.66 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 -31.19 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 -42.91 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -31.43 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -78.60% 0.00% 0.00% 0.00% -3.92%

Quarterly Metrics And Ratios for Verde Clean Fuels

This table displays calculated financial ratios and metrics derived from Verde Clean Fuels' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 31,887,836.00 31,887,836.00 31,887,836.00 31,887,836.00 31,887,836.00 - 44,549,621.00 44,549,621.00 44,549,621.00 44,549,621.00 44,549,621.00
DEI Adjusted Shares Outstanding		 31,887,836.00 31,887,836.00 31,887,836.00 31,887,836.00 31,887,836.00 - 44,549,621.00 44,549,621.00 44,549,621.00 44,549,621.00 44,549,621.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.02 -0.02 -0.02 -0.03 -0.02 - -0.03 -0.03 -0.03 -0.07 -0.03
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 -134.77% -138.95% 16.98% -12.96% -9.99% -28.33% -4.35% 10.22% 11.33% -158.10% 12.41%
EBIT Growth		 -156.25% -144.61% 17.06% -16.20% -1.98% -20.46% -4.82% 9.54% 10.59% -153.31% 11.47%
NOPAT Growth		 -141.69% -168.24% 5.71% -24.30% -7.55% -19.98% -10.64% -2.46% -3.41% -152.33% 10.28%
Net Income Growth		 -160.54% -149.95% 18.86% -11.04% 5.25% -20.85% -6.92% 10.09% 6.42% -146.28% 11.50%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 38.46% 50.00% 50.00% -28.57% 37.50%
Operating Cash Flow Growth		 -192.72% -139.70% 0.59% -11.87% 17.77% 4.05% -30.85% 0.27% -2.53% 40.40% 29.31%
Free Cash Flow Firm Growth		 201.77% -100.81% -98.17% -98.79% -101.57% -133.17% -202.59% -346.88% -134.01% -30.80% 26.45%
Invested Capital Growth		 -100.06% -45.36% -83.97% -79.42% 648.37% 332.70% 83.41% 234.06% 766.28% -56.14% 12.68%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 10.49% 10.74% -25.49% -12.66% 12.84% -4.18% -2.06% 3.04% 13.93% -203.13% 65.37%
EBIT Q/Q Growth		 0.14% 11.89% -17.37% -12.51% 12.36% -4.09% -2.15% 2.88% 13.37% -194.81% 64.30%
NOPAT Q/Q Growth		 -1.80% 8.75% -21.68% -9.97% 11.92% -1.80% -12.20% -1.85% 11.10% -148.39% 60.10%
Net Income Q/Q Growth		 -3.21% 16.35% -14.86% -11.97% 11.93% -6.71% -1.65% 5.83% 8.33% -180.69% 63.47%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -7.69% 14.29% 0.00% 42.86% 12.50% 14.29% -200.00% 72.22%
Operating Cash Flow Q/Q Growth		 -1.86% -16.41% -22.01% 22.67% 25.13% -35.81% -66.38% 41.06% 23.02% 21.05% -97.36%
Free Cash Flow Firm Q/Q Growth		 1.86% -100.83% 316.29% -34.04% -232.30% -23.55% 4.82% -58.72% -25.41% 30.95% 46.48%
Invested Capital Q/Q Growth		 -101.81% 475.15% 165.62% 13.82% -51.65% 196.02% 12.62% 107.31% 25.38% -85.02% 189.33%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 104.74% 102.18% 100.00% 99.51% 100.00% 102.52% 102.00% 98.90% 104.66% 99.65% 101.96%
Interest Burden Percent		 102.76% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -9.37% -70.18% -31.94% -35.47% -37.92% -42.48% -22.58% -23.09% -23.73% -35.87% -22.28%
Cash Return on Invested Capital (CROIC)		 0.00% -1,407.69% -67.49% -112.37% -1,623.77% -986.02% -684.20% -468.90% -496.70% -962.40% -624.42%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -0.09% -28.60% -11.91% -13.83% -15.40% -18.31% -10.66% -11.14% -11.71% -18.25% -11.31%
Return on Equity Simple (ROE_SIMPLE)		 -80.08% 0.00% -90.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.81 -1.65 -2.01 -2.21 -1.95 -1.98 -2.23 -2.27 -2.02 -5.01 -2.00
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -5.33% -3.79% -1.87% -2.42% -2.07% -2.84% -1.04% -0.65% -0.78% -4.03% -0.66%
Return On Investment Capital (ROIC_SIMPLE)		 - -5.66% -7.46% -9.08% -8.74% -9.59% -3.29% -3.45% -3.15% -8.61% -3.55%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -2.45 -2.15 -2.53 -2.85 -2.49 -2.60 -2.65 -2.57 -2.23 -6.57 -2.35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -2.19 -1.96 -2.46 -2.77 -2.41 -2.51 -2.56 -2.48 -2.14 -6.48 -2.24
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.02 1.31 2.25 2.49 2.51 2.49 1.47 1.96 1.77 1.23 1.28
Price to Tangible Book Value (P/TBV)		 2.43 1.58 2.73 3.06 3.10 3.07 1.56 2.08 1.88 1.32 1.37
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 10.55 15.51 15.52 30.23 10.94 10.51 9.84 6.54 11.43 5.12
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.16 -0.97 -0.89 -0.89 -0.99 -0.96 -0.97 -0.95 -0.94 -0.97 -0.97
Leverage Ratio		 1.07 1.28 1.20 1.22 1.14 1.12 1.07 1.07 1.08 1.06 1.04
Compound Leverage Factor		 1.10 1.28 1.20 1.22 1.14 1.12 1.07 1.07 1.08 1.06 1.04
Debt to Total Capital		 1.31% 1.40% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 1.31% 0.00% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 1.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 61.89% 60.65% 59.19% 57.13% 54.79% 50.45% 50.18% 49.75% 49.23% 48.64% 48.08%
Common Equity to Total Capital		 36.79% 37.95% 40.69% 42.87% 45.21% 49.55% 49.81% 50.25% 50.77% 51.35% 51.91%
Debt to EBITDA		 -0.05 -0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 3.56 2.98 2.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 -0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.06 -0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 4.86 3.86 3.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 -0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 3.45 2.54 4.33 3.84 3.34 4.21 8.78 13.39 11.28 10.40 14.36
Noncontrolling Interest Sharing Ratio		 99.05% 59.24% 62.70% 61.01% 59.39% 56.89% 52.77% 51.75% 50.67% 49.12% 49.24%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 8.40 11.90 9.29 7.47 6.47 7.18 19.43 21.81 19.78 27.58 35.93
Quick Ratio		 8.15 11.71 8.78 7.14 6.22 6.86 18.88 21.50 19.55 27.25 35.25
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 164 -1.36 2.94 1.94 -2.56 -3.17 -3.01 -4.79 -6.00 -4.14 -2.22
Operating Cash Flow to CapEx		 -73,157.40% -4,150.90% -33,993.15% -402.17% -183.49% -201.43% -782.66% -141.08% -68.88% -41.09% -571.40%
Free Cash Flow to Firm to Interest Expense		 2,424.98 -1,358,739.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -29.54 -2,318,898.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -29.58 -2,374,763.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.09 0.36 0.94 1.08 0.52 1.54 1.73 3.59 4.51 0.68 1.95
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -165 -0.30 -4.95 -4.15 0.61 1.18 0.79 2.52 3.98 -0.86 0.22
Enterprise Value (EV)		 12 3.75 15 17 16 17 18 35 29 7.72 10
Market Capitalization		 23 14 25 26 25 26 50 65 57 37 37
Book Value per Share		 $0.36 $0.35 $1.78 $1.66 $1.59 $1.63 $0.76 $0.74 $0.73 $0.67 $0.66
Tangible Book Value per Share		 $0.30 $0.29 $1.47 $1.35 $1.29 $1.32 $0.71 $0.70 $0.69 $0.63 $0.61
Total Capital		 31 29 27 24 22 21 68 66 64 58 56
Total Debt		 0.41 0.41 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -31 -28 -26 -23 -22 -19 -65 -62 -60 -57 -54
Capital Expenditures (CapEx)		 0.00 0.06 0.01 0.54 0.89 1.10 0.47 1.55 2.44 3.23 0.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.57 -2.09 -1.52 -1.68 -2.52 -1.78 -1.66 -1.11 -1.20 -1.49 -0.59
Debt-free Net Working Capital (DFNWC)		 29 27 25 22 19 17 64 61 58 56 54
Net Working Capital (NWC)		 28 27 24 22 19 17 64 61 58 56 54
Net Nonoperating Expense (NNE)		 0.82 0.55 0.52 0.62 0.54 0.68 0.48 0.28 0.32 1.54 0.40
Net Nonoperating Obligations (NNO)		 -31 -28 -26 -23 -22 -19 -66 -62 -60 -57 -54
Total Depreciation and Amortization (D&A)		 0.25 0.20 0.07 0.08 0.08 0.08 0.09 0.09 0.09 0.10 0.10
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.13) ($0.11) ($0.13) ($0.14) ($0.12) ($0.14) ($0.08) ($0.07) ($0.06) ($0.18) ($0.05)
Adjusted Weighted Average Basic Shares Outstanding		 6.15M 6.14M 6.17M 6.30M 6.34M 6.29M 14.81M 18.84M 18.84M 17.84M 22.07M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.08) ($0.07) ($0.06) ($0.18) ($0.05)
Adjusted Weighted Average Diluted Shares Outstanding		 31.89M 6.14M 31.93M 32.05M 6.34M 6.29M 14.81M 18.84M 18.84M 17.84M 22.07M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 31.89M 31.93M 31.93M 32.05M 32.05M 44.55M 44.55M 44.55M 44.55M 44.55M 44.55M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.81 -1.65 -2.01 -2.21 -1.95 -1.98 -2.23 -2.27 -2.02 -5.01 -2.00
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -36.27 -2,154,717.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -26.88 -1,654,030.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -36.31 -2,210,582.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -26.92 -1,709,895.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.47% 0.00% 0.00% -3.92% -3.65%

Financials Breakdown Chart

Key Financial Trends

Verde Clean Fuels (NASDAQ: VGAS) continues to operate like a pre-revenue development company, with no reported revenue across the periods provided and persistent operating losses. The latest quarter, Q1 2026, showed a modest improvement in losses versus late 2025, but the business is still burning cash and relying heavily on its balance sheet to fund operations.

  • Cash remains substantial: Verde ended Q1 2026 with $54.3 million in cash and equivalents, which provides near-term operating flexibility despite ongoing losses.
  • Balance sheet is still lightly levered: Total liabilities were only $1.6 million in Q1 2026, suggesting limited debt pressure.
  • Operating loss improved quarter over quarter: Operating loss narrowed to $2.85 million in Q1 2026 from $7.15 million in Q4 2025.
  • Net loss also improved sharply from Q4 2025: Common shareholders’ loss was $1.2 million in Q1 2026 versus $3.3 million in Q4 2025.
  • Cash burn slowed: Net cash used in operating activities was $2.6 million in Q1 2026, better than $1.3 million in Q4 2025? No, operating cash usage is still negative, but the quarter-to-quarter level was manageable relative to cash on hand.
  • No revenue has been generated in any period shown: The company remains in an early-stage or commercialization-challenged phase, so there is no top-line cushion yet.
  • Expense base is still meaningful: SG&A was $2.7 million in Q1 2026 and R&D was $181,000, indicating continued overhead spending even without revenue.
  • Noncontrolling interest is large: A significant portion of equity sits in noncontrolling interest, which complicates the balance sheet and earnings attribution for common shareholders.
  • PP&E is still small: Net plant, property and equipment was only $57,000 in Q1 2026, implying limited productive asset base so far.
  • Persistent losses remain the core issue: Verde has posted losses every quarter provided, with Q1 2026 continuing net loss at $2.4 million and common shareholders’ loss at $1.2 million.
  • Operating cash flow is consistently negative: Q1 2026 operating cash flow was $(2.6) million, following $(1.3) million in Q4 2025 and larger outflows in prior quarters.
  • Cash has declined from earlier periods: Cash and equivalents fell from $65.3 million in Q1 2025 to $54.3 million in Q1 2026, reflecting ongoing burn.
  • Retained earnings remain deeply negative: Retained earnings were $(35.4) million in Q1 2026, showing cumulative losses continue to build.
  • Quarterly profitability trend is still unstable: While losses improved in Q1 2026 versus Q4 2025, the company has not shown a consistent path toward breakeven.

Bottom line: Verde Clean Fuels has enough cash to keep operating for now, and the latest quarter showed some improvement in losses, but the company is still very early in its lifecycle. With no revenue, ongoing operating losses, and recurring cash burn, investors should view VGAS as a speculative story that depends on future commercialization progress rather than current fundamentals.

07/13/26 06:50 AM ETAI Generated. May Contain Errors.

Verde Clean Fuels Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Verde Clean Fuels' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Verde Clean Fuels' net income appears to be on an upward trend, with a most recent value of -$14.14 million in 2025, rising from -$474.59 thousand in 2021. The previous period was -$10.52 million in 2024. See where experts think Verde Clean Fuels is headed by visiting Verde Clean Fuels' forecast page.

Verde Clean Fuels' total operating income in 2025 was -$16.45 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $16.45 million

Over the last 4 years, Verde Clean Fuels' total revenue changed from $0.00 in 2021 to $0.00 in 2025, a change of 0.0%.

Verde Clean Fuels' total liabilities were at $2.11 million at the end of 2025, a 26.9% decrease from 2024, and a 1,084.6% increase since 2020.

In the past 5 years, Verde Clean Fuels' cash and equivalents has ranged from $11.12 thousand in 2020 to $57.22 million in 2025, and is currently $57.22 million as of their latest financial filing in 2025.

Over the last 4 years, Verde Clean Fuels' book value per share changed from -0.26 in 2021 to 0.67 in 2025, a change of -362.8%.


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Financial statements for NASDAQ:VGAS last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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