Verde Clean Fuels, Inc. (VGAS) Financial Statements
Industry: Industrial Organic Chemicals
In fiscal 2025, Verde Clean Fuels reported revenue of $0. Net income was -$7.0M, or -$0.39 per diluted share. Operating activities generated -$8.9M of cash, leaving -$16.6M of free cash flow. At fiscal year end, Verde Clean Fuels held $60.2M in total assets against $2.1M in total liabilities, including $57.2M of cash and equivalents.
Open the full interactive Verde Clean Fuels financials → Quarterly statements, key ratios, valuation history and price charts.
Verde Clean Fuels Key Stats
| Share Price | $1.04 |
|---|---|
| Market Cap | $23.0M |
| 52-Week Range | $0.94 – $3.35 |
| Shares Outstanding | 22.1 million (basic, 2026 Q2) |
Verde Clean Fuels Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Cost of Goods Sold | $0 | — | — | — | — |
| Gross Profit | $0 | — | — | — | — |
| Operating Income | -$456,765 | -$5.7M | -$10.5M | -$11.7M | -$16.5M |
| Pre-Tax Income | -$474,585 | -$3.3M | -$10.3M | -$10.5M | -$14.0M |
| Income Tax | — | $431,632 | $166,265 | $51,465 | $106,000 |
| Net Income | -$474,585 | -$3.7M | -$2.7M | -$3.3M | -$7.0M |
| Diluted EPS | -$0.05 | -$0.17 | -$0.45 | -$0.53 | -$0.39 |
Verde Clean Fuels Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Net Income | -$1.2M | -$3.3M | -$1.2M | -$907,000 |
| Diluted EPS | -$0.06 | -$0.18 | -$0.05 | -$0.04 |
Verde Clean Fuels Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $505,518 | $127,965 | $28.8M | $19.0M | $57.2M |
| Current Assets | $728,662 | $134,632 | $29.3M | $20.2M | $57.9M |
| Total Assets | $175.0M | $178.4M | $31.9M | $23.6M | $60.2M |
| Current Liabilities | $241,579 | $7.4M | $2.5M | $2.8M | $2.1M |
| Total Liabilities | $6.3M | $11.7M | $3.1M | $2.9M | $2.1M |
| Shareholders' Equity | -$5.5M | -$10.9M | $28.8M | $20.7M | $58.1M |
Verde Clean Fuels Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$528,283 | -$1.2M | -$9.1M | -$8.9M | -$8.9M |
| Cash From Investing | -$174.2M | -$1.1M | -$58,588 | -$854,926 | -$2.4M |
| Cash From Financing | $175.2M | $1.9M | $37.5M | $0 | $49.4M |
| Free Cash Flow | — | — | -$9.2M | -$11.4M | -$16.6M |
Figures from Verde Clean Fuels' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Verde Clean Fuels financials page for every line item.
Verde Clean Fuels Company Profile
| Ticker | VGAS |
|---|---|
| Exchange | Nasdaq |
| Industry | Industrial Organic Chemicals |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001841425 |
Frequently Asked Questions
What was Verde Clean Fuels' revenue in fiscal 2025?
Verde Clean Fuels (VGAS) reported revenue of $0 for fiscal 2025.
What is Verde Clean Fuels' annual revenue history?
Verde Clean Fuels' annual revenue by fiscal year: 2021: $0; 2022: $0; 2023: $0; 2024: $0; 2025: $0.
What was Verde Clean Fuels' net income in fiscal 2025?
Verde Clean Fuels reported net income of -$7.0M for fiscal 2025.
What was Verde Clean Fuels' earnings per share (EPS) in fiscal 2025?
Verde Clean Fuels' diluted EPS was -$0.39 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Verde Clean Fuels generate in fiscal 2025?
Verde Clean Fuels generated -$16.6M of free cash flow in fiscal 2025.
What was Verde Clean Fuels' revenue last quarter?
In its most recent reported quarter (2026 Q2), Verde Clean Fuels reported revenue of $0.
How many shares of Verde Clean Fuels are outstanding?
Verde Clean Fuels reported a weighted average of 22.1 million basic shares outstanding in 2026 Q2.
What is Verde Clean Fuels' market cap?
Based on its latest closing price, Verde Clean Fuels (VGAS) has a market capitalization of about $23.0M.
When does Verde Clean Fuels' fiscal year end?
Verde Clean Fuels' fiscal year end, as registered with the SEC, is December 31.
Where is Verde Clean Fuels headquartered?
Verde Clean Fuels lists its business address in Houston, Texas in its SEC filings.