XCF GLOBAL INC Financials
This page shows XCF GLOBAL INC (SAFX) financial statements, including the 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).
The dominant mechanic is a cash-funded buildout, with receivables outrunning cash collection even after the first revenue appeared.
FY2025's reported net income of$74.0M sat beside an-$67.9M operating loss, which means the bottom line was not coming from core operations or cash generation. With operating cash flow at-$17.9M and receivables of$24.6M already above annual revenue, the profit-to-cash disconnect shows sales are being booked faster than cash is arriving.
The balance sheet is liability-heavy, with total liabilities of
The cash-flow pattern looks like a build-first model: FY2024 used
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 has an operating margin of -326.1%, meaning the company retains $-326 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
XCF GLOBAL INC has a moderate D/E ratio of 3.29. This balance of debt and equity financing earns a leverage score of 35/100.
XCF GLOBAL INC's current ratio of 0.11 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
XCF GLOBAL INC earns a strong 196.6% return on equity (ROE), meaning it generates $197 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from -58.2% the prior year.
XCF GLOBAL INC passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, XCF GLOBAL INC generates $-0.24 in operating cash flow (-$17.9M OCF vs $74.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
XCF GLOBAL INC earns $-7.4 in operating income for every $1 of interest expense (-$67.9M vs $9.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
XCF GLOBAL INC generated $20.8M in revenue in fiscal year 2025.
XCF GLOBAL INC reported $74.0M in net income in fiscal year 2025. This represents an increase of 407.0% from the prior year.
Cash & Balance Sheet
XCF GLOBAL INC held $155K in cash against $124.0M in long-term debt as of fiscal year 2025.
XCF GLOBAL INC had 206M shares outstanding in fiscal year 2025. This represents an increase of 47.2% from the prior year.
Margins & Returns
XCF GLOBAL INC's gross margin was 86.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
XCF GLOBAL INC's operating margin was -326.1% in fiscal year 2025, reflecting core business profitability.
XCF GLOBAL INC's net profit margin was 355.5% in fiscal year 2025, showing the share of revenue converted to profit.
XCF GLOBAL INC's ROE was 196.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 254.7 percentage points from the prior year.
Capital Allocation
SAFX Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Revenue | N/A | $9.6M+45.3% | $6.6M | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | $2.1M+14.0% | $1.9M | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | $3.3M-29.1% | $4.7M | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $8.9M+36.7% | $6.5M | N/A | N/A | $2.0M+188.4% | $692K |
| Operating Income | N/A | -$8.6M+74.9% | -$34.4M-213425.1% | -$16K | N/A | -$3.4M+9.7% | -$3.8M |
| Interest Expense | N/A | -$4.9M-136.5% | -$2.1M | N/A | N/A | $8-11.1% | $9 |
| Income Tax | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | N/A | -$12.5M-111.3% | $110.3M+1807773.9% | -$6K | N/A | -$3.4M+9.7% | -$3.8M |
| EPS (Diluted) | N/A | $-0.08 | $0.83 | $-61.00 | N/A | N/A | N/A |
SAFX Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $419.5M+2.6% | $408.7M+4.2% | $392.1M+835.9% | -$53.3M-115.0% | $354.6M | N/A | N/A |
| Current Assets | $27.6M-4.6% | $29.0M+61.3% | $18.0M | $0-100.0% | $1.4M | N/A | N/A |
| Cash & Equivalents | $155K-82.4% | $879K+116.8% | $406K | $0-100.0% | $407K | N/A | N/A |
| Inventory | $338K-92.3% | $4.4M+31.7% | $3.4M | N/A | N/A | N/A | N/A |
| Accounts Receivable | $24.6M+20.9% | $20.3M+106.0% | $9.9M | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $381.8M-5.4% | $403.5M+6.2% | $380.0M+29502.2% | $1.3M-99.6% | $313.2M | N/A | N/A |
| Current Liabilities | $249.0M-6.2% | $265.5M+7.4% | $247.3M+19159.4% | $1.3M-99.3% | $180.4M | N/A | N/A |
| Long-Term Debt | $124.0M+1.0% | $122.8M+4.6% | $117.4M | N/A | N/A | N/A | N/A |
| Total Equity | $37.7M+621.9% | $5.2M-56.8% | $12.1M+122.1% | -$54.6M-231.7% | $41.4M+123.6% | $18.5M-15.5% | $21.9M |
| Retained Earnings | -$16.7M-3662.7% | -$445K-103.7% | $12.1M+1040.2% | -$1.3M+95.6% | -$29.0M | N/A | N/A |
SAFX Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.1M+21.3% | -$5.2M+38.9% | -$8.5M | $0-100.0% | $6.9M+164.7% | -$10.6M | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | $15.4M+152.8% | $6.1M | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$8.6M+48.7% | -$16.7M | N/A |
| Investing Cash Flow | $0+100.0% | -$310K+75.3% | -$1.3M | $0+100.0% | -$15.4M-152.8% | -$6.1M | N/A |
| Financing Cash Flow | $3.4M-43.7% | $6.0M-38.7% | $9.8M | $0-100.0% | $3.9M-81.9% | $21.7M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SAFX Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 35.0%-36.8pp | 71.8% | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | -90.3%+432.5pp | -522.8% | N/A | N/A | N/A | N/A |
| Net Margin | N/A | -131.0%-1807.8pp | 1676.8% | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | -240.0%-1152.4pp | 912.4% | N/A | N/A | -18.3%-1.2pp | -17.2% |
| Return on Assets | N/A | -3.1%-31.2pp | 28.1%+28.1pp | 0.0% | N/A | N/A | N/A |
| Current Ratio | 0.110.0 | 0.11+0.0 | 0.07+0.1 | 0.000.0 | 0.01 | N/A | N/A |
| Debt-to-Equity | 3.29-20.3 | 23.55+13.8 | 9.71+9.7 | -0.02-7.6 | 7.56 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.11), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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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, with a net profit margin of 355.5%.
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 operating margin?
XCF GLOBAL INC (SAFX) had an operating margin of -326.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is XCF GLOBAL INC's net profit margin?
XCF GLOBAL INC (SAFX) had a net profit margin of 355.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
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) generated -$17.9M in operating cash flow during fiscal year 2025, representing cash generated from 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 cash runway?
Based on fiscal year 2025 data, XCF GLOBAL INC (SAFX) had $155K in cash against an annual operating cash burn of $17.9M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is XCF GLOBAL INC's Piotroski F-Score?
XCF GLOBAL INC (SAFX) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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?
XCF GLOBAL INC (SAFX) has an earnings quality ratio of -0.24x, considered low quality (accrual-driven). 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) has an interest coverage ratio of -7.4x, meaning it can struggle to cover its interest obligations. 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 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.