Clean Energy Fuels Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Clean Energy Fuels Corp reported revenue of $424.8M (+2.2% year on year) and net income of ($222.6M) (-166.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenue | $424.8M | $415.9M | $425.2M | $420.2M |
| Cost of sales | $309.9M | $287.5M | $343.6M | $307.7M |
| Selling, general and administrative | $111.8M | $111.8M | $112.3M | $109.5M |
| Depreciation and amortization | $98.6M | $44.7M | $45.7M | $54.7M |
| Impairment of goodwill | $64.3M | — | — | — |
| Impairment of investments in equity securities | $0 | $8.1M | — | — |
| Total operating expenses | $584.7M | $452.2M | $501.6M | $471.9M |
| Operating loss | ($159.9M) | ($36.4M) | ($76.4M) | ($51.7M) |
| Interest expense | ($52.7M) | ($32.2M) | ($22.9M) | ($6.3M) |
| Interest income | $11.4M | $14.0M | $11.1M | $3.4M |
| Other income, net | $2.4M | $106.0K | $165.0K | $95.0K |
| Loss from equity method investments | ($26.7M) | ($26.6M) | ($12.5M) | ($4.8M) |
| Loss before income taxes | ($225.5M) | ($81.0M) | ($100.5M) | ($59.4M) |
| Income tax (expense) benefit | $2.8M | ($2.7M) | $423.0K | ($220.0K) |
| Net loss | ($222.6M) | ($83.7M) | ($100.1M) | ($59.6M) |
| Loss attributable to noncontrolling interest | $612.0K | $619.0K | $601.0K | $857.0K |
| Net loss attributable to Clean Energy Fuels Corp. | ($222.0M) | ($83.1M) | ($99.5M) | ($58.7M) |
| Basic (in dollars per share) | -$1.01 | -$0.37 | -$0.45 | -$0.26 |
| Diluted (in dollars per share) | -$1.01 | -$0.37 | -$0.45 | -$0.26 |
| Basic (in shares) | 220.6M | 223.3M | 222.9M | 222.4M |
| Diluted (in shares) | 220.6M | 223.3M | 222.9M | 222.4M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenue | $106.4M | $117.6M | $106.1M | $102.6M |
| Cost of sales | $76.2M | $84.9M | $78.8M | $74.4M |
| Selling, general and administrative | $24.6M | $24.5M | $26.3M | $27.5M |
| Depreciation and amortization | $10.7M | $11.0M | $14.7M | $10.0M |
| Impairment of goodwill | $0 | $0 | $0 | $0 |
| Total operating expenses | $111.5M | $120.5M | $119.8M | $111.8M |
| Operating loss | ($5.1M) | ($2.9M) | ($13.6M) | ($9.2M) |
| Interest expense | ($5.5M) | ($5.7M) | ($7.8M) | ($7.7M) |
| Interest income | $1.6M | $1.4M | $2.9M | $3.1M |
| Other income, net | $296.0K | $343.0K | $2.1M | $73.0K |
| Loss from equity method investments | ($6.2M) | ($5.6M) | ($7.5M) | ($6.5M) |
| Loss before income taxes | ($14.9M) | ($12.5M) | ($23.9M) | ($20.3M) |
| Income tax (expense) benefit | ($128.0K) | ($18.0K) | ($75.0K) | ($72.0K) |
| Net loss | ($15.0M) | ($12.5M) | ($24.0M) | ($20.4M) |
| Loss attributable to noncontrolling interest | $182.0K | $115.0K | $184.0K | $168.0K |
| Net loss attributable to Clean Energy Fuels Corp. | ($14.9M) | ($12.4M) | ($23.8M) | ($20.2M) |
| Basic (in dollars per share) | -$0.07 | -$0.06 | -$0.11 | -$0.09 |
| Diluted (in dollars per share) | -$0.07 | -$0.06 | -$0.11 | -$0.09 |
| Basic (in shares) | 220.3M | 219.7M | 219.3M | 220.4M |
| Diluted (in shares) | 220.3M | 219.7M | 219.3M | 220.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $157.8M | $91.6M | $107.0M | — |
| Short-term investments | $552.0K | $128.0M | $158.2M | $139.6M |
| Accounts receivable, net of allowance of $1,965 and $2,069 as of December 31, 2024 and December 31, 2025, respectively | $100.8M | $107.7M | $98.4M | $91.4M |
| Other receivables | $6.2M | $14.6M | $19.8M | $17.0M |
| Inventory | $43.9M | $43.4M | $45.3M | $37.1M |
| Notes receivable - related party | $0 | $2.4M | — | — |
| Prepaid expenses and other current assets | $41.1M | $26.1M | $41.5M | $60.6M |
| Total current assets | $350.3M | $413.8M | $470.2M | $471.7M |
| Operating lease right-of-use assets | $87.9M | $90.6M | $92.3M | $52.6M |
| Land, property and equipment, net | $324.0M | $365.3M | $331.8M | $264.1M |
| Notes receivable and other long-term assets, net | $22.2M | $38.2M | $35.7M | $30.5M |
| Investments in other entities | $262.3M | $265.3M | $258.8M | $193.3M |
| Goodwill | $0 | $64.3M | $64.3M | $64.3M |
| Intangible assets, net | $9.9M | $6.4M | $6.4M | $5.9M |
| Total assets | $1.1B | $1.2B | $1.3B | $1.1B |
| Current portion of debt | $52.0K | $40.0K | $38.0K | $93.0K |
| Current portion of finance lease obligations | $1.3M | $920.0K | $1.8M | $948.0K |
| Current portion of operating lease obligations | $9.1M | $8.0M | $6.7M | $4.2M |
| Accounts payable | $26.2M | $33.3M | $57.0M | $44.4M |
| Accrued liabilities | $96.1M | $105.6M | $91.5M | $90.1M |
| Deferred revenue | $18.4M | $6.9M | $4.9M | $6.0M |
| Total current liabilities | $151.2M | $154.7M | $163.8M | $148.1M |
| Long-term portion of debt | $226.7M | $265.3M | $261.1M | $145.5M |
| Long-term portion of finance lease obligations | $2.5M | $1.8M | $1.8M | $2.1M |
| Long-term portion of operating lease obligations | $85.9M | $89.0M | $89.1M | $48.9M |
| Other long-term liabilities | $25.3M | $13.5M | $10.0M | $8.8M |
| Total liabilities | $491.6M | $524.4M | $525.8M | $354.9M |
| Preferred stock, $0.0001 par value. 1,000,000 shares authorized; no shares issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.0001 par value. 454,000,000 shares authorized; 223,456,994 shares and 219,331,992 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively | 22.0K | 22.0K | 22.0K | 22.0K |
| Additional paid-in capital | $1.8B | $1.7B | $1.7B | $1.6B |
| Accumulated deficit | ($1.2B) | ($1.0B) | ($929.5M) | ($830.0M) |
| Accumulated other comprehensive loss | ($3.0M) | ($4.3M) | ($2.1M) | ($3.7M) |
| Total Clean Energy Fuels Corp. stockholders' equity | $559.4M | $713.3M | $726.8M | $720.0M |
| Noncontrolling interest in subsidiary | $5.6M | $6.3M | $6.9M | $7.5M |
| Total stockholders' equity | $565.1M | $719.5M | $733.6M | $727.5M |
| Total liabilities and stockholders' equity | $1.1B | $1.2B | $1.3B | $1.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $59.2M | $57.7M | $183.0M | $134.2M |
| Short-term investments | $81.0M | $70.8M | $51.3M | $108.7M |
| Accounts receivable, net of allowance of $2,069 and $1,604 as of December 31, 2025 and June 30, 2026, respectively | $91.8M | $110.6M | $96.2M | $82.9M |
| Other receivables | $10.2M | $6.5M | $7.9M | $8.6M |
| Inventory | $43.3M | $42.7M | $44.4M | $45.4M |
| Prepaid expenses and other current assets | $38.7M | $44.1M | $25.8M | $25.3M |
| Total current assets | $324.1M | $332.3M | $409.1M | $407.9M |
| Operating lease right-of-use assets | $83.3M | $85.6M | $87.2M | $86.6M |
| Land, property and equipment, net | $313.1M | $318.4M | $326.5M | $325.2M |
| Notes receivable and other long-term assets, net | $19.5M | $20.5M | $34.3M | $35.0M |
| Investments in other entities | $276.1M | $270.3M | $262.5M | $255.6M |
| Intangible assets, net | $9.6M | $9.8M | $5.5M | $5.5M |
| Total assets | $1.0B | $1.0B | $1.1B | $1.1B |
| Current portion of debt | $56.0K | $54.0K | $51.0K | $49.0K |
| Current portion of finance lease obligations | $1.2M | $1.2M | $1.1M | $1.0M |
| Current portion of operating lease obligations | $9.6M | $9.3M | $8.7M | $8.3M |
| Accounts payable | $21.1M | $22.2M | $32.6M | $28.5M |
| Accrued liabilities | $89.3M | $86.6M | $99.4M | $97.5M |
| Deferred revenue | $9.4M | $15.6M | $10.4M | $8.8M |
| Total current liabilities | $130.7M | $135.0M | $152.3M | $144.3M |
| Long-term portion of debt | $229.0M | $227.9M | $284.2M | $277.9M |
| Long-term portion of finance lease obligations | $1.8M | $2.1M | $2.0M | $1.8M |
| Long-term portion of operating lease obligations | $80.9M | $83.3M | $85.4M | $84.7M |
| Other long-term liabilities | $24.7M | $24.8M | $10.0M | $10.3M |
| Total liabilities | $467.1M | $473.2M | $534.1M | $519.0M |
| Preferred stock, $0.0001 par value. 1,000,000 shares authorized; no shares issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.0001 par value. 454,000,000 shares authorized; 219,331,992 shares and 220,358,166 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively | 22.0K | 22.0K | 22.0K | 22.0K |
| Additional paid-in capital | $1.8B | $1.8B | $1.8B | $1.8B |
| Accumulated deficit | ($1.3B) | ($1.2B) | ($1.2B) | ($1.2B) |
| Accumulated other comprehensive loss | ($4.9M) | ($3.0M) | ($3.2M) | ($2.3M) |
| Total Clean Energy Fuels Corp. stockholders' equity | $553.3M | $558.1M | $585.2M | $590.8M |
| Noncontrolling interest in subsidiary | $5.3M | $5.5M | $5.8M | $6.0M |
| Total stockholders' equity | $558.7M | $563.7M | $591.0M | $596.8M |
| Total liabilities and stockholders' equity | $1.0B | $1.0B | $1.1B | $1.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($222.6M) | ($83.7M) | ($100.1M) | ($59.6M) |
| Depreciation and amortization | $98.6M | $44.7M | $45.7M | $54.7M |
| Provision for credit losses and inventory | $4.0M | $2.7M | $1.8M | $2.0M |
| Stock-based compensation expense | $8.9M | $10.8M | $23.3M | $26.5M |
| Stock-based sales incentive charges | $66.1M | $60.8M | $60.6M | $24.3M |
| Change in fair value of derivative instruments | $1.7M | $131.0K | $158.0K | ($517.0K) |
| (Gain)/Loss on sale of BTR equity and convertible promissory note | ($2.1M) | — | — | — |
| Amortization of debt financing costs | $5.3M | $4.8M | — | — |
| Amortization of discounts and Section 30C tax credit | ($4.2M) | — | — | — |
| Loss on disposal of property and equipment | $2.7M | $468.0K | $863.0K | $12.0K |
| Loss on extinguishment of debt | $11.5M | $0 | $5.4M | $3.4M |
| Extinguishment of unamortized discount on expiration of deferred drawdown | $11.3M | ($6.3M) | — | — |
| Asset impairments and other charges | $0 | $380.0K | $634.0K | — |
| Impairment of goodwill | $64.3M | — | — | — |
| Impairment of investments in equity securities | $0 | $8.1M | — | — |
| Loss from equity method investments | $26.7M | $26.6M | $12.5M | $4.8M |
| Non-cash lease expense | $9.0M | $9.4M | $6.9M | $3.4M |
| Deferred income taxes | ($2.9M) | $2.6M | ($515.0K) | $173.0K |
| Accretion of ARO liabilities | $393.0K | — | — | — |
| Accounts and other receivables | ($2.8M) | ($8.2M) | ($7.7M) | ($1.1M) |
| Inventory | ($4.4M) | ($57.0K) | ($11.4M) | ($9.3M) |
| Prepaid expenses and other assets | $2.3M | $6.0M | $510.0K | ($1.4M) |
| Operating lease liabilities | ($8.4M) | ($6.1M) | ($4.0M) | ($3.3M) |
| Accounts payable | ($1.6M) | ($18.8M) | $14.8M | $9.3M |
| Deferred revenue | $11.5M | $2.2M | ($883.0K) | ($1.3M) |
| Accrued liabilities and other | $10.2M | $8.0M | ($18.0K) | $16.3M |
| Net cash provided by operating activities | $85.5M | $64.6M | $43.8M | $66.7M |
| Purchases of short-term investments | ($854.6M) | ($914.2M) | ($491.3M) | ($410.0M) |
| Maturities and sales of short-term investments | $986.0M | $950.6M | $479.3M | $401.6M |
| Payment and deposits on equipment and manure rights for ADG RNG production projects | ($34.2M) | ($15.0M) | ($20.3M) | ($9.0M) |
| Purchases of and deposits on property and equipment | ($25.7M) | ($65.0M) | ($100.9M) | ($44.5M) |
| Grant proceeds for capital projects | $0 | $952.0K | $1.9M | — |
| Proceeds received for joint development and construction of station projects | $3.4M | $7.0M | $3.2M | — |
| Disbursements for loans receivable | ($4.0M) | ($10.4M) | ($3.5M) | ($2.3M) |
| Proceeds from paydowns, maturities, and sales of loans receivable | $3.5M | $310.0K | $2.3M | $1.1M |
| Investments in other entities | ($16.5M) | ($32.9M) | ($73.5M) | ($89.7M) |
| Advance to DR JV | $0 | $0 | ($5.5M) | — |
| Proceeds from repayment of advance by DR JV | $0 | $0 | $5.5M | — |
| Proceeds from settlement of insurance claims | $0 | $314.0K | $495.0K | — |
| Proceeds from disposal of property and equipment | $5.1M | $576.0K | $262.0K | $360.0K |
| Net cash provided by (used in) provided by investing activities | $63.1M | ($77.7M) | ($202.0M) | ($148.5M) |
| Issuance of common stock | ($37.0K) | $64.0K | $242.0K | $1.4M |
| Repurchase of common stock | ($7.9M) | — | $0 | ($6.1M) |
| Payment of tax withholdings on net settlement of equity awards | ($499.0K) | ($340.0K) | ($175.0K) | — |
| Fees paid for lender and debt issuance costs | $0 | ($890.0K) | ($9.5M) | ($486.0K) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($27.6M) | ($12.5M) | ($179.4M) | ($155.4M) |
| Depreciation and amortization | $21.7M | $11.0M | $86.9M | $72.2M |
| Provision for credit losses and inventory | $486.0K | $138.0K | $3.1M | $991.0K |
| Stock-based compensation expense | $4.3M | $2.0M | $6.4M | $4.2M |
| Stock-based sales incentive charges | $19.7M | $10.1M | $51.5M | $34.7M |
| Change in fair value of derivative instruments | ($369.0K) | ($616.0K) | $1.4M | $1.1M |
| Amortization of debt financing costs | $2.3M | $1.1M | $4.0M | $2.6M |
| Amortization of discounts and Section 30C tax credit | ($1.1M) | ($470.0K) | ($3.4M) | ($2.3M) |
| Loss on disposal of property and equipment | $137.0K | $145.0K | $2.7M | $2.8M |
| Impairment of goodwill | $0 | $0 | $64.3M | $64.3M |
| Impairment of investments in equity securities | $0 | $0 | $0 | — |
| Loss from equity method investments | $11.8M | $5.6M | $21.1M | $13.6M |
| Non-cash lease expense | $4.7M | $2.3M | $5.9M | $3.8M |
| Deferred income taxes | $110.0K | $0 | ($2.9M) | ($2.9M) |
| Accretion of ARO liabilities | $185.0K | $92.0K | $304.0K | $202.0K |
| Accounts and other receivables | $5.0M | ($9.0M) | $17.1M | $30.1M |
| Inventory | ($291.0K) | $756.0K | ($3.7M) | ($2.8M) |
| Prepaid expenses and other assets | $4.2M | ($422.0K) | ($52.0K) | ($551.0K) |
| Operating lease liabilities | ($4.6M) | ($2.4M) | ($5.5M) | ($3.8M) |
| Accounts payable | ($4.4M) | ($3.9M) | ($1.4M) | ($6.1M) |
| Deferred revenue | ($9.0M) | ($2.9M) | $3.5M | $1.9M |
| Accrued liabilities and other | ($7.0M) | ($9.5M) | $2.7M | $679.0K |
| Net cash provided by operating activities | $20.4M | ($8.4M) | $72.4M | $59.3M |
| Purchases of short-term investments | ($390.5M) | ($160.0M) | ($687.6M) | ($520.8M) |
| Maturities and sales of short-term investments | $311.1M | $90.2M | $767.5M | $542.3M |
| Payment and deposits on equipment and manure rights for ADG RNG production projects | ($1.2M) | ($178.0K) | ($26.4M) | ($20.9M) |
| Purchases of and deposits on property and equipment | ($10.5M) | ($6.9M) | ($19.1M) | ($12.4M) |
| Grant proceeds for capital projects | $800.0K | — | $0 | $0 |
| Proceeds received for joint development and construction of station projects | $926.0K | $453.0K | $3.0M | $2.5M |
| Disbursements for loans receivable | $0 | $0 | ($3.1M) | ($2.4M) |
| Proceeds from paydowns, maturities, and sales of loans receivable | $43.0K | $21.0K | $3.5M | $40.0K |
| Investments in other entities | ($26.8M) | ($13.3M) | ($13.0M) | $0 |
| Proceeds from disposal of property and equipment | $41.0K | $16.0K | $5.1M | $5.0M |
| Net cash used in investing activities | ($116.1M) | ($89.6M) | $30.0M | ($6.6M) |
| Issuance of common stock | $0 | $0 | $56.0K | $52.0K |
| Repurchase of common stock | $0 | $0 | ($7.9M) | ($7.9M) |
| Payment of tax withholdings on net settlement of equity awards | ($1.2M) | ($1.2M) | ($499.0K) | ($498.0K) |
| Proceeds for Adopt-A-Port program | $0 | — | $465.0K | $465.0K |
| Repayment of proceeds for Adopt-A-Port program | ($807.0K) | ($404.0K) | ($2.2M) | ($1.7M) |
| Repayments of debt instruments and finance lease obligations | ($666.0K) | ($336.0K) | ($871.0K) | ($574.0K) |
| Net cash used in financing activities | ($2.7M) | ($1.9M) | ($11.0M) | ($10.2M) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | ($301.0K) | ($177.0K) | ($87.0K) | $160.0K |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | ($98.6M) | ($100.1M) | $91.4M | $42.6M |
| Cash, cash equivalents and restricted cash, beginning of period | $157.8M | $157.8M | $91.6M | $91.6M |
| Cash, cash equivalents and restricted cash, end of period | $59.2M | $57.7M | $183.0M | $134.2M |
Clean Energy Fuels Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.