XCF Global, Inc. (SAFX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the POS AM for Q2 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SAFX SEC filings page.
XCF Global, Inc. (SAFX) reported $20.8M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
XCF Global's earnings are being shaped by a non-operating gain while core operations remain loss-making and liquidity stays exceptionally thin.
In FY2025, net income of$74.0M alongside an operating loss of$67.9M indicates reported earnings were dominated by items outside core operations, not operating profitability. That gap matters because operating cash flow was negative$17.9M , meaning the accounting profit did not translate into cash generated by the business.
Current assets of
The company generated
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of XCF Global, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
XCF Global, Inc.'s reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 3/100.
Not available for XCF Global, Inc., and counted as zero in the overall score.
XCF Global, Inc. carries a low D/E ratio of 3.29, meaning only $3.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 67/100, indicating a strong balance sheet with room for future borrowing.
XCF Global, Inc.'s current ratio of 0.11 is below the typical benchmark, resulting in a score of 1/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for XCF Global, Inc., and counted as zero in the overall score.
XCF Global, Inc. generates a 196.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from -58.2% the prior year.
XCF Global, Inc. scores -0.91, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($168.9M) relative to total liabilities ($381.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
XCF Global, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, XCF Global, Inc. used $0.24 of operating cash (-$17.9M OCF vs $74.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
XCF Global, Inc. reported an operating loss of $67.9M against $9.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
XCF Global, Inc. generated $691K in revenue in Q2 2026. This represents a decrease of 89.5% from the same quarter a year earlier. Against the prior quarter it is up 98.1%.
XCF Global, Inc. reported -$14.1M in net income in Q2 2026. This represents a decrease of 112.8% from the same quarter a year earlier. Against the prior quarter it is up 20.7%.
XCF Global, Inc. earned -$0.04 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 42.9%.
Not reported for Q2 2026.
Cash & Balance Sheet
XCF Global, Inc. held $329K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
XCF Global, Inc.'s gross margin was 40.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 31.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.1 percentage points.
XCF Global, Inc.'s ROE was -37.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 950.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 32.5 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q2 2026.
SAFX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26POS AM | Q1'26S-4/A | Q4'25POS AM | Q3'2510-Q | Q2'25POS AM | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $691K-89.5% | $349K | N/A | $9.6M | $6.6M | N/A | N/A | N/A |
| Cost of Revenue | $415K-77.6% | $251K-84.8% | N/A | $2.1M | $1.9M | $1.7M | N/A | N/A |
| Gross Profit | $276K-94.2% | $97K | N/A | $3.3M | $4.7M | N/A | N/A | N/A |
| SG&A Expenses | $913K-85.9% | $4.0M+5.0% | N/A | $8.9M+344.6% | $6.5M+837.8% | $3.8M | N/A | $2.0M |
| Operating Income | -$5.8M+83.3% | -$10.3M-75.0% | N/A | -$8.6M-153.7% | -$34.4M-813.8% | -$5.9M | N/A | -$3.4M |
| Interest Expense | -$6.5M-216.7% | $3.1M+105.7% | N/A | -$4.9M-61135725.0% | -$2.1M-22977544.4% | $1.5M | N/A | $8 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
| Net Income | -$14.1M-112.8% | -$17.8M-138.5% | N/A | -$12.5M-268.3% | $110.3M+3031.0% | -$7.5M | N/A | -$3.4M |
| EPS (Basic) | -$0.04-104.8% | -$0.07-40.0% | -$0.17 | -$0.08 | $0.83 | -$0.05 | N/A | N/A |
| EPS (Diluted) | -$0.04 | -$0.07 | -$0.17 | -$0.08 | $0.83 | -$0.05 | N/A | N/A |
| Diluted Shares (Avg) | 353M | 241M | N/A | 150M | 134M | 159M | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, EBITDA.
SAFX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26POS AM | Q1'26S-4/A | Q4'25POS AM | Q3'2510-Q | Q2'25POS AM | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $421.0M+7.4% | $403.0M+856.2% | $419.5M+18.3% | $408.7M | $392.1M | -$53.3M | $354.6M | N/A |
| Current Assets | $12.6M-30.0% | $4.2M | $27.6M+1839.7% | $29.0M | $18.0M | $0 | $1.4M | N/A |
| Cash & Equivalents | $329K-18.9% | $1.0M | $155K-61.9% | $879K | $406K | $0 | $407K | N/A |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
| Inventory | $7.4M+119.7% | $39K | $338K | $4.4M | $3.4M | N/A | N/A | N/A |
| Accounts Receivable | $1.7M-82.6% | $1.2M | $24.6M | $20.3M | $9.9M | N/A | N/A | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
| Total Liabilities | $383.8M+1.0% | $377.7M+29315.7% | $381.8M+21.9% | $403.5M | $380.0M | $1.3M | $313.2M | N/A |
| Current Liabilities | $250.9M+1.5% | $244.8M+18970.6% | $249.0M+38.0% | $265.5M | $247.3M | $1.3M | $180.4M | N/A |
| Non-Current Liabilities | $132.8M0.0% | $132.8M | $132.8M0.0% | $138.0M | $132.8M | $0 | $132.8M | N/A |
| Long-Term Debt | N/A | $123.3M | $124.0M | $122.8M | $117.4M | N/A | N/A | N/A |
| Total Equity | $37.3M+208.4% | $25.3M+146.4% | $37.7M-9.1% | $5.2M-71.9% | $12.1M-44.9% | -$54.6M | $41.4M | $18.5M |
| Retained Earnings | -$48.7M-503.2% | -$34.5M-2590.2% | -$16.7M+42.4% | -$445K | $12.1M | -$1.3M | -$29.0M | N/A |
Not reported in any period shown, so not listed: Goodwill.
SAFX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26POS AM | Q1'26S-4/A | Q4'25POS AM | Q3'2510-Q | Q2'25POS AM | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.4M-21.4% | -$4.3M-31.1% | -$4.1M-159.8% | -$5.2M+50.8% | -$5.2M | -$3.3M | $6.9M | -$10.6M |
| Stock-Based Compensation | N/A | -$6.1M | N/A | $4.2M | $1.2M | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $15.4M | $6.1M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$8.6M | -$16.7M |
| Investing Cash Flow | -$3.7M-1032.4% | -$2.7M-189.8% | $0+100.0% | -$310K+94.9% | -$323K | -$930K | -$15.4M | -$6.1M |
| Financing Cash Flow | $9.3M+72.0% | $7.9M+80.6% | $3.4M-13.7% | $6.0M-72.3% | $5.4M | $4.4M | $3.9M | $21.7M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid, Share Buybacks.
SAFX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26POS AM | Q1'26S-4/A | Q4'25POS AM | Q3'2510-Q | Q2'25POS AM | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.0%-31.8pp | 27.9% | N/A | 35.0% | 71.8% | N/A | N/A | N/A |
| Operating Margin | -833.2% | -2964.7% | N/A | -90.3% | -522.8% | N/A | N/A | N/A |
| Net Margin | -2045.6% | -5108.4% | N/A | -131.0% | 1676.8% | N/A | N/A | N/A |
| Return on Equity | -37.9%-950.3pp | -70.4% | N/A | -240.0%-221.6pp | 912.4%+929.6pp | N/A | N/A | -18.3% |
| Return on Assets | -3.4%-31.5pp | -4.4%-18.4pp | N/A | -3.1% | 28.1% | 14.0% | N/A | N/A |
| Current Ratio | 0.050.0x | 0.020.0x | 0.11+0.1x | 0.11 | 0.07 | 0.00 | 0.01 | N/A |
| Debt-to-Equity | 10.30+0.6x | 4.87 | 3.29-4.3x | 23.55 | 9.71 | N/A | 7.56 | N/A |
| Asset Turnover | 0.000.0x | 0.00 | N/A | 0.02 | 0.02 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.11), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| XCF Global, Inc. SAFX | FY2025 | $20.8M | $74.0M | N/A | $168.9M | 14/100 |
| Ellomay Capital LTD ELLO | FY2025 | $50.3M | -$7.5M | -14.9% | $287.9M | 31/100 |
| NextNRG, Inc. NXXT | FY2025 | $81.8M | -$85.7M | N/A | $2.5M | 35/100 |
| Verde Clean Fuels, Inc. VGAS | FY2025 | N/A | -$7.0M | N/A | $31.1M | — |
| Stem, Inc. STEM | FY2025 | $156.3M | $137.8M | 88.2% | $45.4M | 25/100 |
Where XCF Global, Inc. Ranks
Frequently Asked Questions
What is XCF Global, Inc.'s annual revenue?
XCF Global, Inc. (SAFX) reported $20.8M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is XCF Global, Inc. profitable?
Yes, XCF Global, Inc. (SAFX) reported a net income of $74.0M in fiscal year 2025.
How much debt does XCF Global, Inc. have?
As of fiscal year 2025, XCF Global, Inc. (SAFX) had $155K in cash and equivalents against $124.0M in long-term debt.
What is XCF Global, Inc.'s gross margin?
XCF Global, Inc. (SAFX) had a gross margin of 86.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is XCF Global, Inc.'s return on equity (ROE)?
XCF Global, Inc. (SAFX) has a return on equity of 196.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is XCF Global, Inc.'s operating cash flow?
XCF Global, Inc. (SAFX) recorded an outflow of $17.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are XCF Global, Inc.'s total assets?
XCF Global, Inc. (SAFX) had $419.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What is XCF Global, Inc.'s current ratio?
XCF Global, Inc. (SAFX) had a current ratio of 0.11 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is XCF Global, Inc.'s debt-to-equity ratio?
XCF Global, Inc. (SAFX) had a debt-to-equity ratio of 3.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is XCF Global, Inc.'s return on assets (ROA)?
XCF Global, Inc. (SAFX) had a return on assets of 17.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is XCF Global, Inc.'s P/E ratio?
XCF Global, Inc. (SAFX) trades at 2.3x earnings, its market capitalization divided by net income of $74.0M net income, FY2025. The market capitalization is $168.9M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is XCF Global, Inc.'s price-to-sales ratio?
XCF Global, Inc. (SAFX) trades at 8.1x sales, its market capitalization divided by revenue of $20.8M revenue, FY2025. The market capitalization is $168.9M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does XCF Global, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, XCF Global, Inc. (SAFX) held $155K in cash, cash equivalents and investments, and reported an operating cash outflow of $17.9M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is XCF Global, Inc.'s Altman Z-Score?
XCF Global, Inc. (SAFX) has an Altman Z-Score of -0.91, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is XCF Global, Inc.'s Piotroski F-Score?
XCF Global, Inc. (SAFX) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are XCF Global, Inc.'s earnings high quality?
For every $1 of reported earnings, XCF Global, Inc. (SAFX) used $0.24 of operating cash (-$17.9M OCF vs $74.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can XCF Global, Inc. cover its interest payments?
XCF Global, Inc. (SAFX) reported an operating loss of $67.9M against $9.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is XCF Global, Inc.?
XCF Global, Inc. (SAFX) scores 14 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.