Here are the 10-K annual reports from XCF Global, Inc. (SAFX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SAFX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SAFX filings page.
XCF Global, Inc. filed Amendment No. 1 to its annual report for the year ended December 31, 2025 to add Part III disclosures on directors, executive officers, compensation, ownership and related-party transactions. The filing details a staggered, five-member board, committee structures, independence determinations and a new Code of Ethics and insider trading policy.
It outlines 2025 pay for former and current executives, severance arrangements and rich equity incentives under a 2025 Equity Incentive Plan and Employee Stock Purchase Plan. The amendment also discloses concentrated ownership among several large holders, missed Section 16(a) filings in 2025, and significant related‑party deals, including equity purchases by EEME Energy SPV I, LLC linked to a proposed transaction.
XCF Global, Inc., listed on Nasdaq as SAFX, files its annual report outlining an aggressive build-out of sustainable aviation fuel (SAF) capacity alongside significant financing and operational challenges. The company aims to scale a nationwide network of SAF and renewable fuel plants anchored by its New Rise Reno facility.
XCF has spent over $1.4 billion in stock and notes to assemble SAF assets in Nevada, Florida, and North Carolina and completed a SPAC Business Combination valuing the business at $1.75 billion. Reno is producing renewable diesel under a long-term Phillips 66 offtake but has struggled with downtime, delays in reaching full SAF capacity, and large past-due obligations. The report highlights loan and ground-lease defaults at Reno that could lead to foreclosure if not resolved, ongoing negotiations with lenders and landlord, and a proposed equity-and-M&A transaction with Southern Energy Renewables, DevvStream, and investor EEME to fund plant upgrades and blending infrastructure.