Verde Clean Fuels, Inc.
Business
Verde Clean Fuels owns a proprietary syngas-to-gasoline (STG+®) gas-to-liquids technology that converts low-value feedstocks such as natural gas and biomass into finished transportation fuels without additional refining. The company's process has been validated through a demonstration plant with over 10,000 operating hours and is designed for modular, distributed-scale deployment. Verde recently suspended its capital-intensive Permian Basin project and shifted to a capital-lite strategy focused on licensing its technology and providing engineering services to enable customers to build and operate commercial plants. The company currently derives no revenue from its principal business activities.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| General and administrative expenses | 12 | 11 | 12 | 5 | 456,765 | |
| Research and development expenses | 591,000 | 451,000 | 329,194 | 316,712 | — | |
| Impairment of property, plant and equipment | 4 | 0 | — | — | — | |
| Total operating loss | 16 | 12 | 11 | −3 | −456,765 | |
| Other (income) | −2 | −1 | −447,074 | — | −17,820 | |
| Loss before income taxes | −14 | −10 | −10 | −3 | −474,585 | |
| Income tax expense | 106,000 | 51,000 | 166,265 | — | — | |
| Net loss | −14 | −11 | −11 | 3 | — | |
| Net loss attributable to noncontrolling interest | −7 | −7 | −8 | — | — | |
| Net loss attributable to Verde Clean Fuels, Inc. | −7 | −3 | −3 | 3 | −474,585 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 57 | 19 | 29 | 463,475 | 505,518 | |
| Restricted cash | 100,000 | 100,000 | 100,000 | — | — | |
| Accounts receivable other | 145,000 | 226,000 | 0 | — | — | |
| Prepaid expenses and other current assets | 466,000 | 804,000 | — | — | — | |
| Total current assets | 58 | 20 | 29 | 4 | 728,662 | |
| Property, plant and equipment, net | 62,000 | 1 | 62,505 | 7,414 | — | |
| Intellectual property and patented technology | 2 | 2 | 2 | 2 | — | |
| Operating lease right-of-use assets, net | 173,000 | 216,000 | 524,813 | 323,170 | — | |
| Deposits | 161,000 | 161,000 | 160,669 | 258,000 | — | |
| Total non-current assets | 2 | 3 | 3 | 3 | — | |
| Total assets | 60 | 24 | 32 | 6 | 175 | |
| Accounts payable | 985,000 | 734,000 | 184,343 | 3 | — | |
| Accrued liabilities | 906,000 | 2 | 2 | 762,119 | 241,579 | |
| Operating lease liabilities | 174,000 | 154,000 | 297,380 | 237,970 | — | |
| Other current liabilities | 35,000 | 16,000 | 0 | — | — | |
| Total current liabilities | 2 | 3 | 2 | 4 | 241,579 | |
| Operating lease liabilities | 12,000 | 78,000 | 232,162 | 85,200 | — | |
| Total non-current liabilities | 12,000 | 78,000 | 641,774 | 1 | — | |
| Total liabilities | 2 | 3 | 3 | 5 | 6 | |
| Commitments and contingencies (see Note 8) | — | — | — | — | — | |
| Additional paid in capital | 64 | 38 | 35 | — | — | |
| Accumulated deficit | −34 | −27 | −24 | −12 | −6 | |
| Noncontrolling interest | 28 | 10 | 18 | — | — | |
| Total stockholders equity | 58 | 21 | 29 | 1 | −7 | |
| Total liabilities and stockholders equity | 60 | 24 | 32 | 6 | 175 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 16,000 | 13,000 | 3,497 | 10,034 | — | |
| Share-based compensation expense | 2 | 1 | 3 | 1 | — | |
| Amortization of right-of-use assets | 352,000 | 309,000 | 413,354 | 237,850 | — | |
| Prepaid expenses | 294,000 | −431,000 | −259,648 | 17,053 | −223,144 | |
| Accounts payable | −218,000 | 144,000 | −6,645 | 108,121 | — | |
| Accrued liabilities | −992,000 | 540,000 | 185,912 | — | — | |
| Operating lease liabilities | −355,000 | −297,000 | −383,778 | −237,850 | — | |
| Other changes in operating assets and liabilities | 28,000 | 3,000 | −323,115 | — | — | |
| Net cash used in operating activities | −9 | −9 | −9 | −3 | −528,283 | |
| Additions to property, plant and equipment | −8 | −3 | −58,588 | −4,411 | — | |
| Reimbursements of development costs in accordance with the JDA | 5 | 2 | — | — | — | |
| Net cash used in investing activities | −2 | −855,000 | −58,588 | −4,411 | −174 | |
| Issuance of Class A common stock to Cottonmouth | 50 | 0 | 32 | — | — | |
| Payment of equity issuance costs | −554,000 | 0 | — | — | −373,002 | |
| Net cash provided by financing activities | 49 | 0 | 37 | 4 | 175 | |
| Net change in cash, cash equivalents and restricted cash | 38 | −10 | — | −377,553 | 494,398 | |
| Capital expenditures in accounts payable and accrued liabilities (at period end) | 459,000 | 406,000 | — | — | — | |
| Accounts receivable for reimbursement of capital expenditures (at period end) | 141,000 | 214,000 | 0 | — | — | |
| Cash paid for income taxes | 192,000 | 46,000 | 431,632 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Verde Clean Fuels, Inc.'s CIK number?
Verde Clean Fuels, Inc.'s SEC CIK number is 0001841425 (1841425). 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 Verde Clean Fuels, Inc.'s SEC filings?
All of Verde Clean Fuels, 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.
When did Verde Clean Fuels, Inc. last report earnings?
Verde Clean Fuels, Inc. (VGAS) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-033741). This is Verde Clean Fuels, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Verde Clean Fuels, Inc.'s most recent earnings 8-K?
Verde Clean Fuels, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001628280-26-033741. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Verde Clean Fuels, Inc.'s latest earnings 8-K →
Look up any company's CIK number →