Verde Clean Fuels, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Research and development | $591,000 | $451,000 | $329,194 | $316,712 | — |
| Operating income | -$16.5M | -$11.7M | -$10.5M | $2.7M | -$456,765 |
| Interest expense | — | $0 | $236,699 | — | — |
| Pretax income | -$14.0M | -$10.5M | -$10.3M | $2.7M | -$474,585 |
| Income tax expense | $106,000 | $51,000 | $166,265 | $431,632 | — |
| Net income | -$7.0M | -$3.3M | -$2.7M | $2.7M | -$474,585 |
| Balance Sheet | |||||
| Cash and equivalents | $57.2M | $19.0M | $28.8M | $463,475 | $505,518 |
| Current assets | $57.9M | $20.2M | $29.3M | $3.8M | $728,662 |
| Total assets | $60.2M | $23.6M | $31.9M | $6.4M | $175.0M |
| Current liabilities | $2.1M | $2.8M | $2.5M | $3.9M | $241,579 |
| Total liabilities | $2.1M | $2.9M | $3.1M | $5.3M | $6.3M |
| Stockholders' equity | $58.1M | $20.7M | $28.8M | -$10.9M | -$5.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$8.9M | -$8.9M | -$9.1M | -$3.3M | -$528,283 |
| Depreciation and amortization | $16,000 | $13,000 | $3,497 | $10,034 | — |
| Stock-based compensation | $2.2M | $1.4M | $2.9M | $1.4M | — |
| Capital expenditure | $7.7M | $2.5M | $58,588 | $4,411 | — |
| Free cash flow | -$16.6M | -$11.4M | -$9.2M | -$3.3M | — |
| Impairments | $3.9M | $0 | — | — | — |
Shares outstanding 44.5M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.