Verde Clean Fuels, Inc.
VGASNasdaqMaterials · Industrial Organic Chemicals · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$16.5M | −$11.7M | −$10.5M | $2.7M | −$456,765 | −$4,713 |
| Net income | −$7.0M | −$3.3M | −$2.7M | $2.7M | −$474,585 | −$4,713 |
| Total assets | $60.2M | $23.6M | $31.9M | $6.4M | $175.0M | $198,573 |
| Total liabilities | $2.1M | $2.9M | $3.1M | $5.3M | $6.3M | $178,286 |
| Equity | $58.1M | $20.7M | $28.8M | −$10.9M | −$5.5M | $20,287 |
| EPS (diluted) | — | $-0.53 | $-0.45 | — | $-0.05 | $0.00 |
| Shares out. | — | 6.3M | 6.1M | 21.8M | 4.0M | 3.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −12.0%
- Return on assets
- −11.5%
- Return on capital (ROCE)
- −28.3%
- Liabilities / assets
- 3.5%
- Debt / equity
- 0.04×
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 31.29safe
- Accruals / assets
- 3.2%clean
- Piotroski F-Score
- 3/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2022
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2021
- NT 10-Qmissed a reporting deadline ↗Sep 27, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Highbridge Capital Management LlcPassive (13G)Feb 17, 2026
- Goldman Sachs Group IncPassive (13G)Feb 9, 2026
- Walleye Capital LlcPassive (13G)Apr 3, 2025
- Diamondback Energy, Inc.Activist (13D)Jan 31, 2025
- Bluescape Clean Fuels Holdings, LlcActivist (13D)Jan 30, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 145,462 | 8.6 | +12.7% |
| Apr 30, 2026 | 129,119 | 5.3 | -12.3% |
| Apr 15, 2026 | 147,292 | 6.3 | +7.6% |
| Mar 31, 2026 | 136,835 | 2.1 | +0.2% |
| Mar 13, 2026 | 136,572 | 3.4 | -3.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 12, 2026
- Results of operationsMar 27, 2026
- Director / officer change · Regulation FD disclosureMar 23, 2026
- Regulation FD disclosureFeb 6, 2026
- Results of operationsNov 14, 2025
- Results of operationsAug 13, 2025
- Shareholder voteJun 12, 2025
- Amended charter or bylawsApr 7, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 12, 2026
- 8-KMay 12, 2026
- DEFA14AApr 28, 2026
- DEF 14AApr 28, 2026
- 10-KMar 27, 2026
- 8-KMar 27, 2026
- 8-KMar 23, 2026
- SCHEDULE 13G/AFeb 17, 2026
- SCHEDULE 13G/AFeb 9, 2026
- 8-KFeb 6, 2026
- 10-QNov 14, 2025
- 8-KNov 14, 2025
- SCHEDULE 13GNov 14, 2025
- SCHEDULE 13GAug 14, 2025
- 10-QAug 13, 2025