Verde Clean Fuels (VGASW) Operating Expenses (2021 - 2026)
Verde Clean Fuels' (VGASW) 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 (VGASW) 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 | - | - | - | 2.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |