VGAS Verde Clean Fuels, Inc.

Overview and Growth

In fiscal 2025, Verde Clean Fuels, Inc. reported net loss of $6.96M. Total assets stood at $60.25M, showing the scale of resources supporting revenue, earnings, liquidity, and financing.

Profitability

The reported operating result was an operating loss of $16.45M, reflecting costs that exceeded gross profit. After all below-operating-line items, the company recorded a net loss of $6.96M for the fiscal year. Negative EBITDA totaled $16.44M, confirming that the earnings deficit remained before depreciation and amortization. Before income taxes, the company recorded a loss of $14.03M, bridging the operating result to the final net loss. Income tax expense totaled $106.00K, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 12.0% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 11.5%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit increased from $3.33M in fiscal 2024 to $6.96M.

Liquidity and Capital Structure

The company held $60.25M of assets against $2.11M of liabilities and $58.13M of equity, revealing how the asset base was financed. At period end, current assets of $57.93M compared with current liabilities of $2.10M, defining the company’s short-term resource position. At 27.58x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $57.22M in cash and equivalents, a narrower liquidity measure than total current assets. The equity-to-assets relationship was 96.5%, placing book capital against the total resource base. Liabilities represented 3.5% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 95.0% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 155.6% higher than fiscal 2024 assets of $23.57M, measuring the company’s own balance-sheet change. Reported equity changed 181.1% from $20.68M in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 200.4% from $19.04M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $8.89M, showing that operations absorbed cash during the period. Capital spending of $7.68M added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $16.57M cash deficit after capital spending for the period. Relative to total assets, the post-investment cash deficit measured 27.5%. Cash absorbed by operations increased from $8.88M in fiscal 2024 to $8.89M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.