Every 10-Q that Verde Clean Fuels, Inc. (VGAS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VGAS 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 VGAS filings page.
Verde Clean Fuels, Inc. is a development-stage company commercializing its proprietary STG+® gas-to-liquids technology and has not generated revenue as of June 30, 2026. For the quarter, it recorded a net loss of $1.9 million and a six‑month net loss of $4.3 million, improved versus 2025 as operating expenses declined.
Cash and cash equivalents were $53.5 million with total assets of $56.8 million and very low liabilities of $2.1 million, leaving the business essentially debt‑free. Management has initiated aggressive cost‑saving measures targeting a 50% reduction in 2026 costs compared with 2025 and is pursuing “capital‑lite” commercialization via licensing and services.
In February 2026, Verde suspended development of its Permian Basin Project after unfavorable natural gas market shifts, having previously impaired related construction-in-progress. The company remains an emerging growth entity, continues to invest modestly in R&D, and faces typical execution, permitting, financing, and litigation risks for an early‑stage clean fuels platform.
Verde Clean Fuels, Inc. reported first-quarter 2026 results that reflect its early-stage, pre-revenue status and a major strategic shift. The company generated no revenue and posted a net loss of $2.4M, slightly improved from $2.7M a year earlier, driven by lower general and administrative costs. Operating expenses totaled $2.9M, including $2.7M of administrative spending and modest research and development outlays. Verde ended the quarter with $54.3M in cash and cash equivalents and total assets of $57.9M, with minimal liabilities.
During the quarter, Verde suspended development of its Permian Basin gas-to-gasoline project after prior write-offs, and adopted a “capital-lite” strategy focused on licensing its STG+® gas-to-liquids technology and providing services. Management is targeting a 50% cost reduction in 2026 versus 2025 and has implemented restructuring and cost-saving initiatives. The company also appointed its CFO, George Burdette, as CEO while he continues in the finance role, and engaged Roth Capital Partners to help evaluate strategic alternatives. Verde remains in development stage with significant noncontrolling interests and has not yet commercialized its technology.
Verde Clean Fuels (VGAS) filed its Q3 2025 report, showing a development-stage business with a larger cash runway and ongoing project spend. Cash and equivalents rose to $59,440 from $19,044 at year-end, primarily from a January private placement of 12.5 million Class A shares to Cottonmouth for $50,000.
For the quarter, the company reported a net loss of $2,334, with $1,155 attributable to Verde and a loss per share of $0.06. Year-to-date, net loss attributable to Verde was $3,662. Operating cash use was $7,563 for the nine months, partly offset by $2,971 in joint development reimbursements tied to its Permian Basin Project FEED study. Construction in progress reached $3,316, reflecting $9,293 in capitalized development costs, net of $5,977 reimbursable under the JDA.
As of November 14, 2025, Class A shares outstanding were 22,049,621 and Class C shares were 22,500,000. The company had 15,383,263 warrants outstanding at a strike of $11.50. With stockholders’ equity at $64,045 and minimal liabilities, Verde’s balance sheet centers on cash to fund development while it advances its first commercial project.
Verde Clean Fuels, Inc. shows a material boost in liquidity after strategic financing while remaining a development-stage company with no revenue.
Cash and cash equivalents increased to $62,054,765 from $19,044,067 at December 31, 2024. Total assets rose to $68,726,638 from $23,572,306 and total stockholders' equity increased to $65,747,850 from $20,683,476.
The company reported a net loss attributable to Verde of $1,260,130 for the three months and $2,506,841 for the six months ended June 30, 2025. Basic loss per Class A share was $(0.07) for the quarter and $(0.15) for six months, with weighted-average Class A shares of 18,836,078 (quarter) and 16,833,316 (six months). Major financing activity included a $50,000,000 PIPE investment from Cottonmouth closed January 29, 2025 and an earlier $20,000,000 private placement. The company advanced the Permian Basin Project FEED with capitalized FEED costs of $6,414,100, of which $4,168,400 is reimbursable under the JDA, and construction in progress of $2,245,700. Progress depends on permits, project financing and final investment decisions that remain conditions precedent under the JDA.