Verde Clean Fuels (VGAS) Operating Expenses (2021 - 2026)

Verde Clean Fuels' (VGAS) quarterly Operating Expenses came in at $2.9 million in Q1 2026, down 10.28% year-on-year from $3.2 million in Q1 2025, and down 11.28% quarter-over-quarter from $3.2 million in Q4 2025.

Verde Clean Fuels (VGAS) Operating Expenses (2021 - 2026) Analysis & Trends

Verde Clean Fuels has disclosed Operating Expenses across 6 years of filings, most recently posting $2.9 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $2.9 million, down 10.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $12.2 million (up 1.9% YoY), and the FY2025 annual result was $12.5 million, up 7.39% from the prior year.
  • Operating Expenses came in at $2.9 million for Q1 2026 at Verde Clean Fuels, down from $3.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $4.3 million in Q1 2023 to a low of $940252.0 in Q3 2022.
  • The 5-year median for Operating Expenses is $2.8 million (2024), against an average of $2.6 million.
  • Across the five-year window, Operating Expenses surged 68853.89% in 2022 and slumped 33.88% in 2024, its largest moves.
  • Verde Clean Fuels' Operating Expenses stood at $1.3 million in 2022, then soared by 88.9% to $2.4 million in 2023, then gained by 19.98% to $2.8 million in 2024, then rose by 13.47% to $3.2 million in 2025, then dropped by 11.28% to $2.9 million in 2026.
  • The last three Operating Expenses figures came in at $2.9 million (Q1 2026), $3.2 million (Q4 2025), and $2.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 AXIA Energia 186.46 Bn 183.75 Bn 1.44 Bn -424.56 Mn
2 Enlight Renewable Energy 11.26 Bn 10.73 Bn 85.64 Mn -101.11 Mn
3 Ormat Technologies 8.50 Bn 8.35 Bn 78.83 Mn 22.76 Mn
4 Fluence Energy 3.04 Bn 2.71 Bn 46.63 Mn 58.30 Mn
5 Clearway Energy 1.39 Bn 4.74 Bn 220.00 Mn 334.00 Mn
6 XPLR Infrastructure 1.09 Bn 8.62 Bn 141.00 Mn 292.00 Mn
7 Energy Vault Holdings 940.11 Mn 894.68 Mn 4.79 Mn 28.99 Mn
8 Ellomay Capital 694.29 Mn 616.52 Mn 1,508.00 -5,926.00
9 ReNew Energy Global 317.68 Mn 100.91 Mn 275.78 Mn 408.00 Mn
10 Verde Clean Fuels 33.33 Mn 6.04 Mn - 2.85 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.85 Mn
Dec 31, 2025 3.22 Mn
Sep 30, 2025 2.88 Mn
Jun 30, 2025 3.24 Mn
Mar 31, 2025 3.18 Mn
Dec 31, 2024 2.84 Mn
Sep 30, 2024 2.79 Mn
Jun 30, 2024 3.16 Mn
Mar 31, 2024 2.88 Mn
Dec 31, 2023 2.36 Mn
Sep 30, 2023 2.59 Mn
Jun 30, 2023 2.54 Mn
Mar 31, 2023 4.35 Mn
Dec 31, 2022 1.25 Mn
Sep 30, 2022 940,252.00
Jun 30, 2022 1.22 Mn
Mar 31, 2022 1.43 Mn
Dec 31, 2021 383,119.00
Sep 30, 2021 68,294.00
Jun 30, 2021 3,285.00