Verde Clean Fuels, Inc. VGAS
Verde Clean Fuels, Inc. ("we," "us," "our," "Verde," "Verde Clean Fuels" or the "Company") owns an innovative and proprietary gas-to-liquids processing technology capable of converting low-value or stranded feedstocks into higher-value clean transportation fuels. Our synthesis gas ("syngas")-to-gasoline plus (STG+®) process is designed to convert syngas, derived from a variety of feedstocks, including natural gas and biomass, into fully finished liquid fuels that require no additional refining. The STG+® technology is engineered for industrial-scale deployment and intended to be delivered in standardized modular units. The technology has been validated through a fully integrated demonstration plant that has completed over 10,000 hours of operation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| R&D | $591.0K | $451.0K | $329.2K | $316.7K | — | — |
| SG&A | $11.9M | $11.2M | $11.5M | $4.5M | $456.8K | — |
| Operating income | -$16.5M | -$11.7M | -$10.5M | $2.7M | -$456.8K | — |
| Interest expense | — | $0 | $236.7K | — | — | — |
| Pre-tax income | -$14.0M | -$10.5M | -$10.3M | $2.7M | -$474.6K | — |
| Income tax | $106.0K | $51.0K | $166.3K | $431.6K | — | — |
| Net income | -$7.0M | -$3.3M | -$2.7M | $2.7M | -$474.6K | — |
| EPS, diluted | — | -0.53 | -0.45 | — | -0.05 | — |
| Shares, diluted (wtd. avg.) | — | 6.3M | 6.1M | — | 4.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $57.2M | $19.0M | $28.9M | $463.5K | $87.6K | $11.1K |
| Total current assets | $57.9M | $20.2M | $29.3M | $3.8M | $728.7K | $11.1K |
| Property, plant and equipment | $62.0K | $1.1M | $62.5K | $7.4K | — | — |
| Other intangibles | $1.9M | $1.9M | $1.9M | $1.9M | — | — |
| Total assets | $60.2M | $23.6M | $31.9M | $6.4M | $175.0M | $198.6K |
| Accounts payable | $985.0K | $734.0K | $184.3K | $2.9M | $241.6K | — |
| Total current liabilities | $2.1M | $2.8M | $2.5M | $3.9M | $241.6K | $178.3K |
| Total liabilities | $2.1M | $2.9M | $3.1M | $5.3M | $6.3M | $178.3K |
| Retained earnings | -$34.2M | -$27.3M | -$23.9M | -$11.7M | -$5.5M | -$4.7K |
| Total equity | $58.1M | $20.7M | $28.8M | $1.1M | -$6.8M | $20.3K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$8.9M | -$8.9M | -$9.1M | -$3.3M | -$528.3K | — |
| Depreciation and amortisation | $16.0K | $13.0K | $3.5K | $10.0K | — | — |
| Stock-based compensation | $2.2M | $1.4M | $2.9M | $1.4M | — | — |
| Capital expenditure | $7.7M | $2.5M | $58.6K | $4.4K | — | — |
| Investing cash flow | -$2.4M | -$855.0K | -$58.6K | -$4.4K | -$174.2M | — |
| Financing cash flow | $49.4M | $0 | $37.5M | $3.7M | $175.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-021763.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Net income | — | -$474.6K | $2.7M | -$2.7M | -$3.3M | -$7.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 2860
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | $24.02B | — | -5.2% |
| LYB | LyondellBasell Industries N.V. | $21.47B | — | -9.7% |
| WLK | WESTLAKE CORP | $8.25B | — | -8.0% |
| NEU | NEWMARKET CORP | $8.01B | 19.6x | -2.2% |
| SXT | SENSIENT TECHNOLOGIES CORP | $5.65B | 42.0x | 3.5% |
| REX | REX AMERICAN RESOURCES Corp | $1.32B | 15.9x | 1.2% |
| GPRE | Green Plains Inc. | $979.9M | — | 16.0% |
| WLKP | Westlake Chemical Partners LP | $745.5M | — | 2.7% |