10-Q quarterly report · filed Nov 14, 2025

Verde Clean Fuels, Inc. (VGAS) Q3 2025 10-Q Quarterly Report

Short answer

Verde Clean Fuels, Inc. (VGAS) filed its Q3 2025 10-Q quarterly report on Nov 14, 2025 for the quarter ended Sep 30, 2025.

Q3 2025 key financials · XBRL

Net income
−$1M
−48.5% YoY · +8.3% QoQ

Source: XBRL data from the Verde Clean Fuels, Inc. (VGAS) Q3 2025 10-Q on SEC EDGAR. USD.

Verde Clean Fuels, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New Joint Development Agreement (Feb 2024) with Cottonmouth to develop Permian Basin gas-to-gasoline plant, conditional on financing, permits, and FID
  • Increased G&A expenses $372K (4%) YTD due to stock options and headcount growth, partially offset by lower outside and insurance costs
  • Regulatory risk: Permian Basin Project requires multiple permits and satisfactory financing before FID and construction can commence
  • Operational risk: Project site change (Jan 2025) for better utility access impacts development timeline and FEED study progress
  • Financial risk: Cash $59.4M as of Sep 30, 2025; additional capital needed beyond PIPE investment for plant completion, uncertain timing and terms

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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