Financial health
- The company is unprofitable; at its current free-cash-flow burn it has roughly 3.5 years of cash runway.
VGAS Financials Verde Clean Fuels, Inc.
5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | -$7M | — | — | -$17M | — | $57M |
| 2024 | — | -$3M | — | — | -$11M | — | $19M |
| 2023 | — | -$3M | — | — | -$9M | — | $29M |
| 2022 | — | $3M | — | — | -$3M | — | $463475 |
| 2021 | — | -$474585 | — | — | — | — | $505518 |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | -$1M | — | — | -$3M | — | $54M |
| Dec '25 | — | -$3M | — | — | -$5M | — | $57M |
| Sep '25 | — | -$1M | — | — | -$4M | — | $59M |
| Jun '25 | — | -$1M | — | — | -$4M | — | $62M |
| Mar '25 | — | -$1M | — | — | -$4M | — | $65M |
| Dec '24 | — | -$880000 | — | — | -$3M | — | $19M |
| Sep '24 | — | -$778000 | — | — | -$3M | — | $22M |
| Jun '24 | — | -$903707 | — | — | -$3M | — | $23M |
| Mar '24 | — | -$772371 | — | — | -$3M | — | $26M |
| Dec '23 | — | -$646787 | — | — | -$2M | — | $29M |
| Sep '23 | — | -$773192 | — | — | — | — | $31M |
| Jun '23 | — | -$749147 | — | — | — | — | $33M |
| Mar '23 | — | -$574461 | — | — | — | — | $35M |
| Dec '22 | — | -$131993 | — | — | -$967437 | — | $463475 |
| Sep '22 | — | -$2M | — | — | — | — | $8242 |
| Jun '22 | — | $677709 | — | — | — | — | $86284 |
| Mar '22 | — | -$1M | — | — | — | — | $155930 |
| Dec '21 | — | -$401938 | — | — | — | — | $505518 |
| Sep '21 | — | -$67295 | — | — | — | — | $539610 |
| Jun '21 | — | -$3285 | — | — | — | — | $36169 |
Valuation over time
How the market has priced VGAS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 54.7× (Mar '23) to 18.9× (Dec '23).
P/E
Frequently asked questions
Is VGAS growing its revenue and profit?
See the revenue and net-income charts above for Verde Clean Fuels, Inc.'s multi-year trend.
How much debt does VGAS have?
As of FY2025, Verde Clean Fuels, Inc. reported — of total debt against $57M of cash.
What is VGAS's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is VGAS's P/E ratio?
As of Jun '26, Verde Clean Fuels, Inc. traded at a price-to-earnings ratio of about 18.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.