Verde Clean Fuels, Inc.

VGAS

UtilitiesSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Verde Clean Fuels, Inc., a clean fuels company, focuses on the deployment of liquid fuels processing technology through development of commercial production plants in the United States. The company's synthesis gas (syngas)-to-gasoline plus (STG+) process converts syngas derived from diverse feedstocks into finished liquid fuels that require no additional refining. Verde Clean Fuels, Inc. was founded in 2007 and is headquartered in Houston, Texas.

Valuation

Market Cap$68M

Current Price$1.53as of Jun 23, 2026

P/E Ratio-9.80

P/B Ratio2.28

EV / EBITDA-0.92

EV / Sales-

Profitability

Operating Margin-

Net Profit Margin-

EBITDA Margin-

Returns

ROE-23.3%

ROCE-21.5%

ROIC %-894.1%

ROA-11.5%

Solvency

Current Ratio27.58

Debt / Equity0.01

Debt / Assets0.00

CFO / Net Profit1.28

Price History▼ 55.39% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

No margin data.

Growth Summary

Latest fiscal year: 2025

Revenue$0M

EBITDA$-12M▲ 7.2%

Net Profit$-7M▲ 108.7%

Cash from Ops (CFO)$-9M▲ 0.1%

Free Cash Flow (FCF)$-17M▲ 45.0%

Revenue CAGR 3Y-

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$0M	$-12M	$-7M	$-17M	-23.3%	-	108.7%
2024	$0M	$-11M	$-3M	$-11M	-32.5%	-	21.5%
2023	$0M	$-10M	$-3M	$-9M	-24.7%	-	-200.9%
2022	$0M	$3M	$3M	$-3M	-	-	-
2021	-	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	0	0	0	0
Operating Revenue	-	0	0	0	0
Operating Expense	-	4.83	11.84	11.66	12.52
Research And Development	-	0.32	0.33	0.45	0.59
Selling General And Administration	-	4.51	11.52	11.21	11.93
Total Expenses	-	4.83	11.84	11.66	12.52
Operating Income	-	-4.83	-11.84	-11.66	-12.52
Total Operating Income As Reported	-	2.72	-10.55	-11.66	-16.45
EBITDA	-	2.97	-9.68	-11.34	-12.15
Normalized EBITDA	-	-4.58	-10.98	-11.34	-8.21
EBIT	-	2.72	-10.10	-11.66	-12.52
Interest Expense	-	0	0.24	0	-
Net Interest Income	-	0	-0.24	0	-
Other Non Operating Income Expenses	-	-	0.45	1.19	2.42
Other Income Expense	-	7.55	1.75	1.19	-1.51
Interest Expense Non Operating	-	0	0.24	0	-
Net Non Operating Interest Income Expense	-	0	-0.24	0	-
Pretax Income	-	2.72	-10.34	-10.46	-14.03
Tax Provision	-	0	0.17	0.05	0.11
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0.27	0	-0.83
Net Income Continuous Operations	-	2.72	-10.50	-10.52	-14.14
Net Income From Continuing And Discontinued Operation	-	2.72	-2.74	-3.33	-6.96
Net Income From Continuing Operation Net Minority Interest	-	2.72	-2.74	-3.33	-6.96
Net Income	-	2.72	-2.74	-3.33	-6.96
Net Income Common Stockholders	-	2.72	-2.74	-3.33	-6.96
Net Income Including Noncontrolling Interests	-	2.72	-10.50	-10.52	-14.14
Normalized Income	-	-4.83	-3.77	-3.33	-3.85
Diluted NI Availto Com Stockholders	-	2.72	-2.74	-3.33	-6.96
Basic Average Shares	-	9.36	6.14	6.29	17.84
Diluted Average Shares	-	9.36	6.14	6.29	17.84
Reconciled Depreciation	-	0.25	0.42	0.32	0.37
Total Unusual Items	-	7.55	1.30	0	-3.94
Total Unusual Items Excluding Goodwill	-	7.55	1.30	0	-3.94
Minority Interests	-	0	7.76	7.18	7.18
Special Income Charges	-	7.55	1.30	0	-3.94
Impairment Of Capital Assets	-	-	-	0	3.94
Restructuring And Mergern Acquisition	8.81	-7.55	-1.30	0	-
General And Administrative Expense	-	4.51	11.52	11.21	11.93
Other Gand A	-	4.51	11.52	11.21	11.93

Peer Comparison

Utilities sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Verde Clean Fuels, Inc.this co.	VGAS	$68M	-9.80	2.28	-23.3%	-0.92
OPAL Fuels Inc.	OPAL	$404M	27.36	-31.22	-114.1%	21.25
Cadiz Inc.	CDZI	$383M	-11.23	16.49	-146.9%	-20.46
Genie Energy Ltd.	GNE	$365M	15.20	1.45	9.6%	4.50
Pure Cycle Corporation	PCYO	$249M	18.97

Learn while you research

Hand-picked academy chapters to deepen your understanding of Verde Clean Fuels, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Stock Market Risks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$0M

$-12M

$-7M

$-17M

-23.3%

108.7%

2024

$0M

$-11M

$-3M

$-11M

-32.5%

21.5%

2023

$0M

$-10M

$-3M

$-9M

-24.7%

-200.9%

2022

$0M

$3M

$-3M

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

Operating Revenue

Operating Expense

4.83

11.84

11.66

12.52

Research And Development

0.32

0.33

0.45

0.59

Selling General And Administration

4.51

11.52

11.21

11.93

Total Expenses

4.83

11.84

11.66

12.52

Operating Income

-4.83

-11.84

-11.66

-12.52

Total Operating Income As Reported

2.72

-10.55

-11.66

-16.45

EBITDA

2.97

-9.68

-11.34

-12.15

Normalized EBITDA

-4.58

-10.98

-11.34

-8.21

EBIT

2.72

-10.10

-11.66

-12.52

Interest Expense

0.24

Net Interest Income

-0.24

Other Non Operating Income Expenses

0.45

1.19

2.42

Other Income Expense

7.55

1.75

1.19

-1.51

Interest Expense Non Operating

0.24

Net Non Operating Interest Income Expense

-0.24

Pretax Income

2.72

-10.34

-10.46

-14.03

Tax Provision

0.17

0.05

0.11

Tax Rate For Calcs

Tax Effect Of Unusual Items

0.27

-0.83

Net Income Continuous Operations

2.72

-10.50

-10.52

-14.14

Net Income From Continuing And Discontinued Operation

2.72

-2.74

-3.33

-6.96

Net Income From Continuing Operation Net Minority Interest

2.72

-2.74

-3.33

-6.96

Net Income

2.72

-2.74

-3.33

-6.96

Net Income Common Stockholders

2.72

-2.74

-3.33

-6.96

Net Income Including Noncontrolling Interests

2.72

-10.50

-10.52

-14.14

Normalized Income

-4.83

-3.77

-3.33

-3.85

Diluted NI Availto Com Stockholders

2.72

-2.74

-3.33

-6.96

Basic Average Shares

9.36

6.14

6.29

17.84

Diluted Average Shares

9.36

6.14

6.29

17.84

Reconciled Depreciation

0.25

0.42

0.32

0.37

Total Unusual Items

7.55

1.30

-3.94

Total Unusual Items Excluding Goodwill

7.55

1.30

-3.94

Minority Interests

7.76

7.18

Special Income Charges

7.55

1.30

-3.94

Impairment Of Capital Assets

3.94

Restructuring And Mergern Acquisition

8.81

-7.55

-1.30

General And Administrative Expense

4.51

11.52

11.21

11.93

Other Gand A

4.51

11.52

11.21

11.93

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Verde Clean Fuels, Inc.this co.

VGAS

$68M

-9.80

2.28

-23.3%

-0.92

OPAL Fuels Inc.

OPAL

$404M

27.36

-31.22

-114.1%

21.25

Cadiz Inc.

CDZI

$383M

-11.23

16.49

-146.9%

-20.46

Genie Energy Ltd.

GNE

$365M

15.20

1.45

9.6%

4.50

Pure Cycle Corporation

PCYO

$249M

18.97

Verde Clean Fuels, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Verde Clean Fuels, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on