Verde Clean Fuels, Inc. (NASDAQ:VGAS)
Insiders here have filed 7 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
No revenue reported, so there is no margin to score.
- Revenue
- $0
- Net income
- -$6.6M
- Net margin
- —
Little or no net debt.
- Total debt
- $359K
- Cash
- $53.5M
- Debt / equity
- 0.01
Comfortably covers what is due within a year.
- Current assets
- $54.3M
- Current liabilities
- $2.1M
- Current ratio
- 26.16
Consumes cash and must keep raising it.
- Operating cash flow
- -$6.4M
- Free cash flow
- -$12.6M
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 22.1M
- Share growth (1y)
- 17.2%
- Cash runway
- 99 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
VGAS Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue Growth (YoY) | — | — | — | — | — | — |
| Cost of Revenue | 0.00 | 103.00 K | 0.00 | 92.56 K | 0.00 | 0.00 |
| Gross Profit | 0.00 | -103.00 K | 0.00 | -92.56 K | 0.00 | 0.00 |
| SG&A Expense | 2.36 M | 2.57 M | 3.08 M | 2.75 M | 3.09 M | 3.00 M |
| R&D Expense | 165.00 K | 181.00 K | 134.00 K | 128.00 K | 145.24 K | 183.00 K |
| Operating Expenses | 2.52 M | 2.75 M | 7.15 M | 2.79 M | 3.24 M | 3.18 M |
| Operating Income | -2.52 M | -2.85 M | -7.15 M | -2.88 M | -3.24 M | -3.18 M |
| Pretax Income | -2.05 M | -2.35 M | -6.57 M | -2.23 M | -2.57 M | -2.65 M |
| Tax Provision | -106.00 K | 46.00 K | -23.00 K | 104.00 K | -28.20 K | 53.00 K |
| Net Income | -907.00 K | -1.21 M | -3.30 M | -1.16 M | -1.26 M | -1.25 M |
| EPS (Basic) | -0.04 | -0.05 | -0.17 | -0.06 | -0.07 | -0.08 |
| EPS (Diluted) | -0.04 | -0.05 | -0.17 | -0.06 | -0.07 | -0.08 |
| Shares Outstanding | 22.07 M | 22.07 M | 18.84 M | 18.84 M | 18.84 M | 14.81 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.