S
XCF Global, Inc.
Period
FY 2025
Revenue
$20.82M
Net Income
$74.00M
Total Assets
$419.47M
Equity
$37.65M
Shares Out
295.75M
Op. Cash Flow
$-17.86M
Business
XCF Global, Inc. is a renewable fuels producer focused on sustainable aviation fuel (SAF) and related biofuels from waste- and residue-based feedstocks. The company operates and develops SAF production facilities using hydrotreating and pretreatment technology, with current operations at New Rise Reno in Nevada and plans for additional facilities. XCF serves energy companies, fuel wholesalers, brokers, airlines, and fixed-based operators through long-term offtake agreements, primarily with Phillips 66, and intends to build a nationwide portfolio of facilities to produce SAF and renewable diesel.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Revenue | 21 | — | |
| Cost of sales | 25 | — | |
| Gross loss | −4 | — | |
| Operating expenses | 7 | 3 | |
| General and administrative expenses | 22 | 18 | |
| Severance expense | 19 | — | |
| Professional fees | 16 | — | |
| Total operating expenses | 64 | 21 | |
| Loss from operations | −68 | −21 | |
| Change in the fair value of note payable | 5 | — | |
| Change in the fair value of loans payable related party | −514,709 | — | |
| Change in fair value of warrants | 210 | — | |
| Loss on issuance of debt | −138,000 | — | |
| Loss on issuance of debt to related party | −41 | — | |
| ELOC commitment fees | −7 | — | |
| Unrealized loss on derivative asset | −16 | — | |
| Realized gain on derivative asset | 1 | — | |
| Interest expense, net | −9 | −3 | |
| Other income (expense), net | −13,975 | — | |
| Total other income (expense) | 142 | −3 | |
| Net income (loss) | 74 | −24 | |
| Income (loss) per common share, basic | 0.52 | — | |
| Income (loss) per common share, diluted | 0.52 | — | |
| Weighted average number of common shares outstanding, basic | 142 | — | |
| Weighted average number of common shares outstanding, diluted | 142 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 154,937 | 407,182 | — | |
| Restricted cash | 4,295 | 5,824 | — | |
| Accounts receivable | 25 | — | — | |
| Inventory, net | 337,971 | — | — | |
| Other current assets | 784,645 | 62,419 | — | |
| Total current assets | 28 | 1 | — | |
| Security Deposit | 2 | 2 | — | |
| Property, plant and equipment | 390 | 352 | — | |
| TOTAL ASSETS | 419 | 355 | — | |
| Accounts payable | 40 | 8 | — | |
| Professional fees payable | 11 | — | — | |
| Loans payable to related party | 593,231 | 2 | — | |
| Notes payable, current portion | 122 | 110 | — | |
| Warrant liabilities | 751,800 | — | — | |
| Accrued expenses and other current liabilities | 58 | 20 | — | |
| Total current liabilities | 249 | 180 | — | |
| Financial liability, net of closing costs | 133 | 133 | — | |
| TOTAL LIABILITIES | 382 | 313 | — | |
| Commitments and contingencies (Note 11) | — | — | — | |
| Preferred stock; $0.0001 par value, 50,000,000 shares authorized; none issued and outstanding as of December 31, 2025, and 2024, respectively | — | — | — | |
| Common Stock; $0.0001 par value, 500,000,000 shares authorized; 206,473,533 and 140,227,818 shares issued and outstanding as of December 31, 2025, and 2024, respectively | 20,646 | 140,228 | — | |
| Additional paid-in capital | 54 | 70 | — | |
| Accumulated deficit | −17 | −29 | — | |
| TOTAL STOCKHOLDERS EQUITY | 38 | 41 | 30 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 419 | 355 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Stock-based compensation expense | 9 | — | |
| Net realizable value adjustments | 3 | — | |
| Change in fair value of loans payable to related party | 514,709 | — | |
| Amortization of debt discount | 128,927 | — | |
| Fee shares to related party | 1 | — | |
| Conversion of NRA shares post deSPAC | 1 | — | |
| Change in fair value of derivative asset | 15 | — | |
| Accounts receivable | −20 | — | |
| Related party receivables | −65,180 | −2 | |
| Inventories | −3 | — | |
| Other current assets | −585,348 | −2 | |
| Related party payable | −7 | 10 | |
| Accounts payable | 36 | 7 | |
| Professional fees payable | 8 | — | |
| Accrued expenses and other current liabilities | 15 | 35,988 | |
| Net cash used in operating activities | −18 | −11 | |
| Cash acquired in Acquisition | 220,897 | — | |
| Cash paid for operations plant | — | −239,134 | |
| Purchase of property and equipment | — | −29 | |
| Cash paid for construction in progress | −2 | — | |
| Net cash used in investing activities | −2 | −29 | |
| Proceeds from member contributions | 4 | 38 | |
| Proceeds from loan payable to related party | 10 | 2 | |
| Proceeds from note payable | 2 | — | |
| Payment of note payable | −37,740 | — | |
| Proceeds from borrowing | 2 | 500,000 | |
| Debt settlement | −2 | — | |
| Repayment of borrowing | — | −500,000 | |
| ELOC at the market stock sales | 861,228 | — | |
| Net cash provided by financing activities | 19 | 40 | |
| Net decrease in cash, cash equivalents and restricted cash | −253,774 | 236,362 | |
| Cash paid for interest | — | 7 | |
| Capitalization of debt closing costs to construction in progress | 161,475 | 215,299 | |
| Issuance of common stock in exchange for members equity in Acquisition | 1,061 | — | |
| Assumption of net assets (liabilities) in Acquisition | −94 | — | |
| Issuance of membership units to settle related party payables | 500,000 | — | |
| Assumption of net assets (liabilities) from Business Combination | −226 | — | |
| Conversion of convertible note payable to related parties into New XCF common stock | 100 | — | |
| Issuance of common stock for ELOC commitment fee | 7 | — | |
| Conversion of non redemption agreement | 1 | — | |
| Fee shares to related party | 1 | — | |
| Interest capitalization on notes payable | 12 | 5 | |
| Interest capitalization on financial liability | 11 | 10 | |
| Convertible note issued for services from vendor | 6 | — |
Filings
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Frequently asked questions
What is XCF Global, Inc.'s CIK number?
XCF Global, Inc.'s SEC CIK number is 0002019793 (2019793). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find XCF Global, Inc.'s SEC filings?
All of XCF Global, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.