Venture Global, Inc.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Total revenue	13.77	4.97	7.90	6.45	0.00
Cost of revenue	6.98	1.67	1.68	2.25	0.01
Gross profit	6.79	3.30	6.21	4.20	-0.01
Total operating expenses +	1.75	1.54	1.36	0.64	0.33
Selling, general and administrative	0.43	0.31	0.22	0.19	0.09
Research and development	0.34	0.64	0.49	0.31	0.19
Other operating expenses	0.98	0.59	0.65	0.14	0.05
Operating income	5.03	1.76	4.85	3.56	-0.34
Non-operating income (net)	-1.67	0.42	-0.42	-0.01	-0.10
Income before tax	3.36	2.18	4.43	3.54	-0.44
Income tax expense	0.63	0.44	0.82	0.45
Net income	2.70	1.54	2.68	1.86	-0.36

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23
Total revenue	4.60	4.45	3.33	3.10	2.89	1.52	0.93	1.11	1.41	1.63	1.05
Cost of revenue	2.99	2.29	1.61	1.69	1.28	0.51	0.27	0.37	0.44	0.56	0.42
Gross profit	1.61	2.15	1.72	1.42	1.62	1.02	0.65	0.74	0.98	1.07	0.64
Total operating expenses +	0.42	0.43	0.40	0.38	0.54	0.42	0.47	0.38	0.36	0.34	0.33
Selling, general and administrative	0.10	0.12	0.11	0.10	0.11	0.09	0.08	0.08	0.07	0.06	0.06
Research and development	0.05	0.05	0.05	0.06	0.18	0.12	0.16	0.17	0.18	0.17	0.14
Other operating expenses	0.27	0.26	0.25	0.22	0.25	0.21	0.23	0.13	0.11	0.11	0.13
Operating income	1.19	1.72	1.32	1.04	1.08	0.59	0.19	0.36	0.62	0.74	0.31
Non-operating income (net)	-0.46	-0.25	-0.68	-0.45	-0.41	0.64	-0.56	0.08	0.26	-0.79	0.68
Income before tax	0.74	1.47	0.64	0.59	0.67	1.24	-0.37	0.44	0.87	-0.05	0.98
Income tax expense	0.11	0.28	0.09	0.12	0.15	0.25	-0.08	0.09	0.18	-0.05	0.20
Net income	0.60	1.14	0.50	0.44	0.46	0.94	-0.35	0.30	0.65	-0.05	0.62

about 12 hours ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Total cash and short-term investments +	2.36	3.61	4.82	0.62	0.00
Cash and cash equivalents	2.36	3.61	4.82	0.62
Short-term investments
Accounts receivable, net	0.92	0.36	0.27	0.19
Inventories	0.25	0.17	0.04	0.03
Other current assets	0.51	0.42	0.83	0.58
Total current assets	4.04	4.56	5.96	1.41
Total non-current assets +	49.41	38.93	22.50	13.69
Property, plant and equipment, net	47.33	35.28	19.82	10.93
Goodwill
Intangible assets	0.21
Long-term investments		0.33	0.54	0.00
Other non-current assets
Total assets	53.45	43.49	28.46	15.10

Total current liabilities +	4.34	3.54	2.32	1.75
Accounts payable	0.74	1.54	0.44	0.25
Short-term debt	0.81	0.19	0.18	0.15
Current portion of long-term debt	0.81	0.19	0.18	0.15
Deferred revenue
Other current liabilities	2.80	1.82	1.70	1.34
Total non-current liabilities +	38.80	33.58	24.06	12.84
Long-term debt	33.39	29.09	20.61	10.46
Capital lease obligations	0.70	0.54	0.38	0.34
Other non-current liabilities	0.70	0.79	0.54	0.32
Total liabilities	43.15	37.12	26.38	14.59

Total stockholders' equity +	6.74	2.90	1.51	-0.19
Common stock and paid-in capital	2.02	0.29	0.28	-0.87	0.00
Retained earnings	4.72	2.61	1.23	0.69
Common shares outstanding	2,635	2,420	2,577	2,577	2,577

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23
Total cash and short-term investments +	1.93	2.36	2.21	2.25	3.61	3.61	4.56	0.00	0.00	4.82	0.00
Cash and cash equivalents	1.93	2.36	2.21	2.25	3.61	3.61	4.56			4.82
Short-term investments
Accounts receivable, net	0.81	0.92	0.63	0.67	0.64	0.36	0.10			0.27
Inventories	0.24	0.25	0.23	0.18	0.19	0.17	0.17			0.04
Other current assets	0.23	0.51	0.19	0.87	0.46	0.42	0.55		-4.99	0.83
Total current assets	3.22	4.04	3.26	3.98	4.89	4.56	5.38			5.96
Total non-current assets +	53.08	49.41	46.82	42.53	40.16	38.93	34.04			22.50
Property, plant and equipment, net		47.33	44.02	40.55	37.59	35.28	31.20
Goodwill
Intangible assets		0.21
Long-term investments				0.17	0.34	0.33	0.30			0.54
Other non-current assets
Total assets	56.30	53.45	50.08	46.51	45.05	43.49	39.42			28.46

Total current liabilities +	3.71	4.34	3.92	2.86	2.82	3.54	3.15			2.32
Accounts payable	0.82	0.74	0.95	0.60	0.79	1.54	1.17			0.44
Short-term debt	0.19	0.81	0.94	0.20	0.19	0.19	0.19			0.18
Current portion of long-term debt	0.13	0.81	0.86	0.20	0.19	0.19	0.19			0.18
Deferred revenue
Other current liabilities	2.70	2.80	2.03	2.06	1.84	1.82	1.79			1.70
Total non-current liabilities +	40.24	37.11	35.34	34.85	33.88	33.58	30.85		-3.47	24.06
Long-term debt	36.46	33.39	31.74	29.77	29.13	29.09	26.76			20.61
Capital lease obligations	0.70	0.70	0.71	0.51	0.52	0.54	0.46			0.38
Other non-current liabilities	0.67	0.70	0.86	1.04	0.87	0.79	0.77			0.54
Total liabilities	43.96	41.45	39.26	37.71	36.70	37.12	34.00		-3.47	26.38

Total stockholders' equity +	8.86	8.44	7.34	5.27	4.88	2.90	1.95		3.47	1.51
Common stock and paid-in capital	3.70	3.72	3.65	1.96	1.94	0.29	0.28	0.00	3.47	0.28	0.00
Retained earnings	5.16	4.72	3.69	3.31	2.94	2.61	1.67			1.23
Common shares outstanding	2,635	2,635	2,641	2,635	2,643	2,420	2,420	2,425	2,577	2,577	2,577

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Operating cash flow +	6.57	2.15	4.55	3.70	-0.50
Net income
Depreciation, depletion and amortization	0.94	0.32	0.28	0.16	0.01
Stock-based compensation	0.05	0.02	0.03	0.03	0.02
Change in inventory	-0.06	-0.13	-0.02	-0.03	0.00
Other working capital changes	5.64	1.93	4.26	3.54	-0.54
Cash flow from investing +	-13.22	-14.16	-8.73	-2.90	-2.08
Capital expenditures	-13.37	-13.72	-8.09	-4.62	-2.08
Others incl. marketable securities changes	0.15	-0.44	-0.63	1.72	0.00
Cash flow from financing +	5.47	10.75	7.64	0.24	3.62
Dividend payout	-0.47	-0.14	-0.16	-0.01	-0.01
Common stock repurchases	1.75	3.00
Net Debt Issuance	4.18	7.89	7.80	0.24	3.63

Change in cash	-1.19	-1.26	3.46	1.04	1.04

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23
Operating cash flow +	0.76	2.11	1.88	1.46	1.11	0.67	0.28	0.56	0.64	0.59
Net income
Depreciation, depletion and amortization	0.25	0.24	0.22	0.27	0.22	0.09	0.09	0.07	0.07	0.09
Stock-based compensation	0.01	0.01	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.01
Change in inventory	0.02	-0.01	-0.04	0.00	-0.02	0.00	-0.08	-0.03	-0.02	-0.01
Other working capital changes	0.48	1.86	1.70	1.18	0.90	0.57	0.27	0.51	0.58	0.50	0.00
Cash flow from investing +	-3.00	-3.64	-3.17	-2.93	-3.47	-3.72	-3.85	-3.45	-3.14	-3.68
Capital expenditures	-3.18	-3.63	-3.29	-2.98	-3.47	-3.66	-3.80	-3.25	-3.00	-3.62	0.00
Others incl. marketable securities changes	0.18	-0.02	0.12	0.05	0.00	-0.06	-0.05	-0.20	-0.14	-0.06	0.00
Cash flow from financing +	1.86	1.42	1.91	0.36	1.78	2.03	4.75	2.26	1.72	5.84
Dividend payout	-0.18	-0.04	-0.18	-0.06	-0.19	-0.14	-0.03	-0.01	-0.02	-0.16
Common stock repurchases		1.75	1.75	1.75	1.75	3.00	3.00
Net Debt Issuance	2.04	-0.29	0.34	-1.33	0.22	-0.83	1.77	2.27	1.73	6.01	0.00

Change in cash	-0.37	-0.12	0.62	-1.11	-0.58	-1.02	1.18	-0.63	-0.78	2.75	0.00

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Venture Global, Inc.

Income Statement - Venture Global, Inc. (VG)

Income Statement - Venture Global, Inc. (VG)

Balance Sheet - Venture Global, Inc. (VG)

Balance Sheet - Venture Global, Inc. (VG)

Cash Flow - Venture Global, Inc. (VG)

Cash Flow - Venture Global, Inc. (VG)