Verde Clean Fuels, Inc. filed its Form 10-Q with the SEC on November 9, 2026, covering the quarterly period ended September 30, 2026, reporting a net loss of $1,965 thousand for the three months ended on that date.

Key Highlights

  • Quarterly net loss: Verde Clean Fuels reported a net loss of $1,965 thousand for the three months ended September 30, 2026, compared to $2,334 thousand in the same period of 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $6,299 thousand, compared to $7,584 thousand in the nine months ended September 30, 2025.
  • Loss per share: Loss per share of Class A common stock was $0.04 for the three months ended September 30, 2026, and $0.14 for the nine months ended September 30, 2026.
  • Cash position: Cash and cash equivalents totaled $52,551 thousand as of September 30, 2026, down from $57,215 thousand as of December 31, 2025.
  • Total assets: Total assets were $55,723 thousand as of September 30, 2026, compared to $60,247 thousand as of December 31, 2025.
  • Shares outstanding: As of November 9, 2026, the company had 22,049,621 shares of Class A common stock and 22,500,000 shares of Class C common stock outstanding.
  • Share-based compensation: The company recorded $1,917 thousand in share-based compensation for the nine months ended September 30, 2026.

Verde Clean Fuels Q3 2026 Financial Results: Operating Losses Narrow Year Over Year

Verde Clean Fuels, Inc. (NASDAQ:VGAS), a Houston, Texas-based company, disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026. According to the filing, the company reported general and administrative expenses of $2,293 thousand for the third quarter of 2026, down from $2,752 thousand in the third quarter of 2025. Research and development expenses were $168 thousand for the same period, compared to $128 thousand a year earlier. Total operating loss for the third quarter was $2,461 thousand, versus $2,880 thousand in the prior-year quarter.

The filing disclosed that other income partially offset operating losses, with the company recording $477 thousand in other income for the three months ended September 30, 2026. Net loss attributable to Verde Clean Fuels, Inc. specifically was $963 thousand for the third quarter, while net loss attributable to the noncontrolling interest was $1,002 thousand. For the nine-month period, the accumulated deficit grew from $34,215 thousand as of December 31, 2025, to $37,293 thousand as of September 30, 2026. Total stockholders' equity stood at $53,545 thousand at quarter end, compared to $58,135 thousand at the close of fiscal year 2025.

The balance sheet as of September 30, 2026, showed total liabilities of $2,178 thousand, with total current liabilities of $2,178 thousand including accounts payable of $471 thousand and accrued liabilities of $1,264 thousand. The company reported intellectual property and patented technology carried at $1,925 thousand, unchanged from December 31, 2025. The noncontrolling interest balance decreased from $28,276 thousand at December 31, 2025, to $24,847 thousand at September 30, 2026, reflecting the noncontrolling interest share of net losses and tax distributions to Class C OpCo unitholders of $207 thousand during the nine-month period.

What Was Disclosed

Verde Clean Fuels filed its 10-Q for the quarter ended September 30, 2026, disclosing a net loss of $1,965 thousand for the period, total assets of $55,723 thousand, cash of $52,551 thousand, and a loss per share of Class A common stock of $0.04.