NASDAQ : VGAS
Verde Clean Fuels, Inc. — Financial statements
Utilities · Utilities - Renewable · United States
Last price 1.01 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 41.73M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 10.87M | 11.93M | 11.21M | 11.52M | 4.51M | 3.61M |
| Research & Development | 608.00K | 591.00K | 451.00K | 329.19K | 316.71K | 509.55K |
| Operating Expenses | 11.47M | 12.52M | 11.66M | 11.84M | 4.83M | 4.12M |
| Operating Income | -11.47M | -12.52M | -11.66M | -11.84M | -4.83M | -4.12M |
| Interest Expense | -236.70K | |||||
| Interest & Investment Income | 2.21M | 2.42M | 1.19M | 447.07K | ||
| EBT Excluding Unusual Items | -9.26M | -10.09M | -10.46M | -11.63M | -4.83M | -4.12M |
| Asset Writedown | -3.94M | -3.94M | ||||
| Other Unusual Items | 1.30M | 7.55M | -8.81M | |||
| Pretax Income | -13.20M | -14.03M | -10.46M | -10.34M | 2.72M | -12.93M |
| Income Tax Expense | 21.00K | 106.00K | 51.00K | 166.26K | ||
| Earnings From Continuing Operations | -13.22M | -14.13M | -10.52M | -10.50M | 2.72M | -12.93M |
| Minority Interest in Earnings | 6.65M | 7.18M | 7.18M | 7.76M | ||
| Net Income | -6.57M | -6.96M | -3.33M | -2.74M | 2.72M | -12.93M |
| Net Income to Common | -6.57M | -6.96M | -3.33M | -2.74M | 2.72M | -12.93M |
| Shares Outstanding (Basic) | 20.46M | 17.84M | 6.29M | 6.14M | 6.12M | |
| Shares Outstanding (Diluted) | 20.46M | 17.84M | 6.29M | 6.14M | 6.12M | |
| EPS (Basic) | -0.32 | -0.39 | -0.53 | -0.45 | 0.44 | |
| EPS (Diluted) | -0.32 | -0.39 | -0.53 | -0.45 | 0.44 | |
| Free Cash Flow | -12.57M | -16.57M | -11.43M | -9.17M | -3.28M | -2.92M |
| Free Cash Flow Per Share | -0.61 | -0.93 | -1.82 | -1.49 | -0.54 | |
| EBITDA | -11.46M | -12.50M | -11.64M | -11.71M | -4.82M | -4.10M |
| D&A For EBITDA | 16.00K | 16.00K | 13.00K | 131.11K | 10.03K | 19.90K |
| EBIT | -11.47M | -12.52M | -11.66M | -11.84M | -4.83M | -4.12M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 53.45M | 57.22M | 19.04M | 28.78M | 463.48K | 87.64K |
| Cash & Short-Term Investments | 53.45M | 57.22M | 19.04M | 28.78M | 463.48K | 87.64K |
| Other Receivables | 145.00K | 226.00K | ||||
| Receivables | 145.00K | 226.00K | ||||
| Prepaid Expenses | 790.00K | 466.00K | 334.00K | 113.68K | 53.76K | |
| Restricted Cash | 100.00K | 100.00K | 100.00K | 100.00K | ||
| Other Current Assets | 470.00K | 373.32K | 3.27M | |||
| Total Current Assets | 54.34M | 57.93M | 20.17M | 29.25M | 3.84M | 141.40K |
| Property, Plant & Equipment | 392.00K | 235.00K | 1.31M | 587.32K | 330.58K | 317.13K |
| Other Intangible Assets | 1.93M | 1.93M | 1.93M | 1.93M | 1.93M | 1.93M |
| Other Long-Term Assets | 161.00K | 161.00K | 161.00K | 160.67K | 258.00K | 150.00K |
| Total Assets | 56.82M | 60.25M | 23.57M | 31.93M | 6.36M | 2.53M |
| Accounts Payable | 443.00K | 985.00K | 734.00K | 184.34K | 2.86M | 59.42K |
| Accrued Expenses | 1.14M | 897.00K | 1.91M | 1.98M | 762.12K | 98.44K |
| Short-Term Debt | 11.17K | 8.19K | ||||
| Current Portion of Leases | 359.00K | 174.00K | 154.00K | 297.38K | 237.97K | 224.57K |
| Other Current Liabilities | 134.00K | 44.00K | 16.00K | |||
| Total Current Liabilities | 2.08M | 2.10M | 2.81M | 2.46M | 3.87M | 390.61K |
| Long-Term Debt | 409.61K | |||||
| Long-Term Leases | 12.00K | 78.00K | 232.16K | 85.20K | 79.53K | |
| Other Long-Term Liabilities | 1.30M | 8.85M | ||||
| Total Liabilities | 2.08M | 2.11M | 2.89M | 3.10M | 5.25M | 9.32M |
| Common Stock | 4.00K | 4.00K | 3.00K | 3.19K | 12.78M | 7.61M |
| Additional Paid-In Capital | 65.15M | 64.07M | 37.50M | 35.01M | ||
| Retained Earnings | -36.33M | -34.22M | -27.26M | -23.92M | -11.67M | -14.39M |
| Total Common Equity | 28.83M | 29.86M | 10.25M | 11.10M | 1.10M | -6.79M |
| Minority Interest | 25.92M | 28.28M | 10.43M | 17.73M | ||
| Shareholders' Equity | 54.74M | 58.13M | 20.68M | 28.83M | 1.10M | -6.79M |
| Total Liabilities & Equity | 56.82M | 60.25M | 23.57M | 31.93M | 6.36M | 2.53M |
| Total Debt | 359.00K | 186.00K | 232.00K | 939.15K | 334.34K | 312.28K |
| Net Cash (Debt) | 53.09M | 57.03M | 18.81M | 27.84M | 129.14K | -224.64K |
| Net Cash Per Share | 2.59 | 3.20 | 2.99 | 4.53 | 0.02 | |
| Filing Date Shares Outstanding | 18.82M | 18.82M | 18.82M | 6.19M | 6.12M | |
| Total Common Shares Outstanding | 18.82M | 18.82M | 6.32M | 6.15M | 6.12M | |
| Working Capital | 52.27M | 55.83M | 17.36M | 26.79M | -26.17K | -249.22K |
| Book Value Per Share | 1.53 | 1.59 | 1.62 | 1.80 | 0.18 | |
| Tangible Book Value | 26.90M | 27.93M | 8.32M | 9.17M | -821.79K | -8.71M |
| Tangible Book Value Per Share | 1.43 | 1.48 | 1.32 | 1.49 | -0.13 | |
| Machinery | 132.00K | 133.00K | 125.00K | 108.01K | 49.42K | 45.01K |
| Construction In Progress | 1.03M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -6.57M | -6.96M | -3.33M | -2.74M | 2.72M | -12.93M |
| Depreciation & Amortization | 394.00K | 368.00K | 322.00K | 544.47K | 247.88K | 249.16K |
| Other Amortization | 28.85K | |||||
| Asset Writedown & Restructuring Costs | 3.94M | 3.94M | ||||
| Stock-Based Compensation | 2.36M | 2.19M | 1.35M | 2.90M | 1.42M | 1.31M |
| Other Operating Activities | -6.65M | -7.18M | -7.18M | -9.06M | -7.55M | 8.81M |
| Change in Accounts Payable | 130.00K | -218.00K | 144.00K | -6.64K | 108.12K | 25.70K |
| Change in Other Net Operating Assets | -52.00K | -1.02M | -185.00K | -780.63K | -223.98K | -96.15K |
| Operating Cash Flow | -6.45M | -8.89M | -8.88M | -9.11M | -3.28M | -2.63M |
| Capital Expenditures | -6.12M | -7.68M | -2.55M | -58.59K | -4.41K | -290.10K |
| Sale of Property, Plant & Equipment | 3.97M | 5.30M | 1.70M | |||
| Investing Cash Flow | -2.15M | -2.39M | -855.00K | -58.59K | -4.41K | -290.10K |
| Short-Term Debt Repaid | -11.17K | -73.99K | -47.01K | |||
| Long-Term Debt Repaid | -44.47K | |||||
| Total Debt Repaid | -55.63K | -73.99K | -47.01K | |||
| Net Debt Issued (Repaid) | -55.63K | -73.99K | -47.01K | |||
| Issuance of Common Stock | 50.00M | 32.34M | 3.75M | 2.00M | ||
| Repurchase of Common Stock | -3.75M | |||||
| Other Financing Activities | -554.00K | 8.97M | -16.62K | |||
| Financing Cash Flow | 49.45M | 37.50M | 3.66M | 1.95M | ||
| Miscellaneous Cash Flow Adjustments | 91.45K | |||||
| Net Cash Flow | -8.60M | 38.17M | -9.73M | 28.42M | 375.84K | -963.64K |
| Free Cash Flow | -12.57M | -16.57M | -11.43M | -9.17M | -3.28M | -2.92M |
| Free Cash Flow Per Share | -0.61 | -0.93 | -1.82 | -1.49 | -0.54 | |
| Levered Free Cash Flow | -10.40M | -13.27M | -8.32M | -2.69M | -1.22M | -1.44M |
| Unlevered Free Cash Flow | -10.40M | -13.27M | -8.32M | -2.57M | -1.22M | -1.44M |
| Cash Interest Paid | 236.70K | |||||
| Cash Income Tax Paid | 192.00K | 192.00K | 46.00K | 431.63K | ||
| Change in Working Capital | 82.00K | -1.24M | -41.00K | -787.27K | -115.86K | -70.45K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 41.93M | 38.76M | 25.67M | 14.52M | 198.16M | 215.78M |
| Enterprise Value | -11.16M | 11.13M | 16.53M | 3.32M | 196.86M | |
| Last Close Price | 1.01 | 2.06 | 4.07 | 2.36 | 9.11 | 9.92 |
| PE Ratio | 72.87 | |||||
| PB Ratio | 0.66 | 0.67 | 1.24 | 0.50 | 179.60 | -31.80 |
| P/TBV Ratio | 1.56 | 1.39 | 3.08 | 1.58 | ||
| Debt / Equity Ratio | 0.01 | 0.00 | 0.01 | 0.03 | 0.30 | -0.05 |
| Net Debt / Equity Ratio | -0.97 | -0.98 | -0.91 | -0.97 | -0.12 | -0.03 |
| Net Debt / EBITDA Ratio | 4.63 | 4.56 | 1.62 | 2.38 | 0.03 | -0.06 |
| Net Debt / FCF Ratio | 4.22 | 3.44 | 1.65 | 3.04 | 0.04 | -0.08 |
| Quick Ratio | 25.74 | 27.31 | 6.86 | 11.71 | 0.12 | 0.22 |
| Current Ratio | 26.16 | 27.58 | 7.18 | 11.90 | 0.99 | 0.36 |
| Return on Equity (ROE) | -21.94% | -35.87% | -42.48% | -70.17% | ||
| Return on Assets (ROA) | -11.43% | -18.67% | -26.26% | -38.67% | -67.94% | -88.92% |
| Return on Capital Employed (ROCE) | -21.00% | -21.50% | -56.10% | -40.20% | -194.20% | -192.00% |
| Earnings Yield | -31.98% | -17.95% | -12.99% | -18.89% | 1.37% | -5.99% |
| FCF Yield | -29.98% | -42.76% | -44.52% | -63.15% | -1.66% | -1.35% |
| Buyback Yield / Dilution | -76.62% | -183.85% | -2.37% | -0.27% |