Verde Clean Fuels Reports $2.55 Million Net Loss, Total Assets Rise to $68.73 Million

Verde Clean Fuels, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company recorded a net loss of $2.55 million for the quarter, a decrease from a loss of $2.83 million in the same period last year. For the first half of 2025, the net loss was $5.25 million, compared to $5.36 million in the first half of 2024. The increase in general and administrative expenses, which rose to $3.09 million from $2.99 million year-over-year, was primarily attributed to higher compensation costs due to increased headcount. Research and development expenses decreased slightly to $145,242 from $173,020, reflecting a shift in project costs to construction in progress.

The company’s total assets surged to $68.73 million as of June 30, 2025, up from $23.57 million at the end of 2024, largely due to a successful private investment in public equity (PIPE) transaction with Cottonmouth Ventures, which raised $50 million. This capital infusion has bolstered Verde's cash and cash equivalents to $62.05 million, significantly enhancing its liquidity position. The company has not yet generated revenue from its operations, as it remains focused on developing its first commercial production facility utilizing its proprietary STG+® technology.

Strategically, Verde Clean Fuels has made notable progress in its joint development agreement with Cottonmouth, aimed at constructing a natural gas-to-gasoline plant in the Permian Basin. The project is currently in the front-end engineering and design (FEED) phase, with 65% of the development costs being reimbursed by Cottonmouth. The company anticipates that successful completion of this project could serve as a model for future developments in other regions, addressing both flared and stranded natural gas opportunities.

Operationally, Verde Clean Fuels has expanded its employee base, which has contributed to increased operational costs. As of June 30, 2025, the company had 22,049,621 shares of Class A common stock and 22,500,000 shares of Class C common stock outstanding. The company’s management remains optimistic about the future, emphasizing the importance of securing necessary permits and financing to advance its projects. The outlook for Verde Clean Fuels hinges on the successful execution of its development plans and the eventual commercialization of its technology, which is expected to generate significant revenue once operational.