Venture Global Inc (VG) financial statements: income statement, balance sheet and cash flow
Venture Global Inc'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), Venture Global Inc reported revenue of $13.8B and net income of $2.7B.
Income statement
Venture Global Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
REVENUE
$13.8B
Cost of sales (exclusive of depreciation and amortization shown separately below)
$5.9B
Operating and maintenance expense
$975.0M
General and administrative expense
$433.0M
Development expense
$344.0M
Depreciation and amortization
$941.0M
Insurance recoveries, net
$0
Total operating expense
$8.6B
INCOME FROM OPERATIONS
$5.2B
Interest income
$151.0M
Interest expense, net
($1.5B)
Gain (loss) on interest rate swaps
($220.0M)
Loss on financing transactions
($267.0M)
Loss on foreign currency transactions
($3.0M)
Total other income (expense)
($1.8B)
INCOME BEFORE INCOME TAX EXPENSE
$3.4B
Income tax expense
$630.0M
NET INCOME
$2.7B
Less: Net income attributable to redeemable stock of subsidiary
$167.0M
Less: Net income attributable to non-controlling interests
$36.0M
Less: Dividends on VGLNG Series A Preferred Shares
270.0M
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS, BASIC
$2.3B
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS, DILUTED
$2.3B
Net income attributable to common stockholders per share—basic (in usd per share)
$0.93
Weighted average number of shares of common stock outstanding—basic (in shares)
2.4B
Net income attributable to common stockholders per share—diluted (in usd per share)
$0.86
Weighted average number of shares of common stock outstanding—diluted (in shares)
2.6B
Venture Global Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
REVENUE
$4.6B
$4.6B
$3.3B
$3.1B
Cost of sales (exclusive of depreciation and amortization shown separately below)
$1.7B
$2.8B
$1.4B
$1.4B
Operating and maintenance expense
$335.0M
$270.0M
$245.0M
$217.0M
General and administrative expense
$112.0M
$97.0M
$105.0M
$103.0M
Development expense
$23.0M
$46.0M
$53.0M
$57.0M
Depreciation and amortization
$260.0M
$251.0M
$218.0M
$267.0M
Total operating expense
$2.4B
$3.4B
$2.0B
$2.1B
INCOME FROM OPERATIONS
$2.2B
$1.2B
$1.3B
$1.0B
Interest income
$26.0M
$28.0M
$27.0M
$38.0M
Interest expense, net
($489.0M)
($444.0M)
($421.0M)
($310.0M)
Gain (loss) on interest rate swaps
$124.0M
$15.0M
($144.0M)
($112.0M)
Loss on financing transactions
($96.0M)
($13.0M)
($141.0M)
($63.0M)
Loss on foreign currency transactions
$0
($1.0M)
($4.0M)
—
Total other expense
($435.0M)
($415.0M)
($683.0M)
($447.0M)
INCOME BEFORE INCOME TAX EXPENSE
$1.8B
$736.0M
$637.0M
$591.0M
Income tax expense
$336.0M
$111.0M
$87.0M
$116.0M
NET INCOME
$1.4B
$625.0M
$550.0M
$475.0M
Less: Net income attributable to redeemable stock of subsidiary
$5.0M
$42.0M
$44.0M
$39.0M
Less: Net income (loss) attributable to non-controlling interests
($2.0M)
$27.0M
$10.0M
$1.0M
Less: Dividends on VGLNG Series A Preferred Shares
67.0M
68.0M
67.0M
67.0M
Net income attributable to common stockholders, basic
$1.3B
$488.0M
$429.0M
$368.0M
Net income attributable to common stockholders, diluted
$1.3B
$488.0M
$429.0M
$368.0M
Net income attributable to common stockholders per share—basic (in usd per share)
$0.54
$0.20
$0.18
$0.15
Weighted average number of shares of common stock outstanding—basic (in shares)
2.5B
2.5B
2.4B
2.4B
Net income attributable to common stockholders per share—diluted (in usd per share)
$0.51
$0.19
$0.16
$0.14
Weighted average number of shares of common stock outstanding—diluted (in shares)
2.6B
2.6B
2.6B
2.6B
Balance sheet
Venture Global Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Cash and cash equivalents
$2.4B
Restricted cash
$195.0M
Accounts receivable
$918.0M
Inventory, net
$253.0M
Derivative assets
$65.0M
Prepaid expenses and other current assets
$254.0M
Total current assets
$4.0B
Property, plant and equipment, net
$46.6B
Right-of-use assets
$737.0M
Noncurrent restricted cash
$875.0M
Deferred financing costs
$543.0M
Noncurrent derivative assets
$216.0M
Other noncurrent assets
$447.0M
TOTAL ASSETS
$53.4B
Accounts payable
$737.0M
Accrued and other liabilities
$2.8B
Current portion of long-term debt, net
$812.0M
Total current liabilities
$4.3B
Long-term debt, net
$33.4B
Noncurrent operating lease liabilities
$696.0M
Deferred tax liabilities, net
$2.3B
Other noncurrent liabilities
$697.0M
Total liabilities
$41.5B
Redeemable stock of subsidiary
$1.7B
Common stock
$24.0M
Additional paid in capital
$2.2B
Retained earnings
$4.7B
Accumulated other comprehensive loss
($239.0M)
Total Venture Global, Inc. stockholders' equity
$6.7B
Non-controlling interests
$3.6B
Total equity
$10.3B
TOTAL LIABILITIES AND EQUITY
$53.4B
Venture Global Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$3.1B
$1.6B
$1.9B
$2.2B
Restricted cash
$68.0M
$335.0M
$334.0M
$76.0M
Accounts receivable
$844.0M
$810.0M
$633.0M
$673.0M
Inventory, net
$290.0M
$241.0M
$227.0M
$184.0M
Derivative assets
$97.0M
$88.0M
$90.0M
$102.0M
Prepaid expenses and other current assets
$110.0M
$146.0M
$95.0M
$696.0M
Total current assets
$4.5B
$3.2B
$3.3B
$4.0B
Property, plant and equipment, net
$53.2B
$49.8B
$43.3B
$40.0B
Right-of-use assets
$707.0M
$731.0M
$760.0M
$569.0M
Noncurrent restricted cash
$1.4B
$1.1B
$1.3B
$599.0M
Deferred financing costs
$877.0M
$831.0M
$510.0M
$146.0M
Noncurrent derivative assets
$278.0M
$206.0M
$384.0M
$510.0M
Other noncurrent assets
$506.0M
$442.0M
$580.0M
$553.0M
TOTAL ASSETS
$61.5B
$56.3B
$50.1B
$46.5B
Accounts payable
$828.0M
$817.0M
$947.0M
$601.0M
Accrued and other liabilities
$2.7B
$2.8B
$2.1B
$2.1B
Current portion of long-term debt, net
$287.0M
$126.0M
$856.0M
$197.0M
Total current liabilities
$3.8B
$3.7B
$3.9B
$2.9B
Long-term debt, net
$41.5B
$36.5B
$31.7B
$29.8B
Noncurrent operating lease liabilities
$690.0M
$697.0M
$708.0M
$514.0M
Deferred tax liabilities, net
$2.7B
$2.4B
$2.0B
$1.9B
Other noncurrent liabilities
$683.0M
$671.0M
$860.0M
$1.0B
Total liabilities
$49.4B
$44.0B
$39.3B
$36.1B
Redeemable stock of subsidiary
$0
$1.6B
$1.6B
$1.6B
Common stock
$25.0M
$25.0M
$24.0M
$24.0M
Additional paid in capital
$2.3B
$2.3B
$2.2B
$2.2B
Retained earnings
$6.5B
$5.2B
$3.7B
$3.3B
Accumulated other comprehensive loss
($232.0M)
($235.0M)
($240.0M)
($242.0M)
Total Venture Global, Inc. stockholders' equity
$8.6B
$7.2B
$5.7B
$5.3B
Non-controlling interests
$3.5B
$3.5B
$3.5B
$3.5B
Total equity
$12.1B
$10.7B
$9.2B
$8.8B
TOTAL LIABILITIES AND EQUITY
$61.5B
$56.3B
$50.1B
$46.5B
Cash flow statement
Venture Global Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Net income
$2.7B
(Gain) loss on derivatives, net
$342.0M
Cash from settlement of derivatives, net
$1.3B
Loss on financing transactions
$265.0M
Deferred taxes
$638.0M
Non-cash interest expense
$133.0M
Depreciation and amortization
$941.0M
Stock-based compensation
$46.0M
Accounts receivable
($564.0M)
Inventory
($61.0M)
Prepaid expenses and other current assets
($10.0M)
Accounts payable and accrued liabilities
$873.0M
Other, net
($22.0M)
Net cash from operating activities
$6.6B
Capital expenditures
($13.4B)
Purchase of equity method investments
($19.0M)
Other investing activities
$164.0M
Net cash used by investing activities
($13.2B)
Issuance of debt and draws on credit facilities
$16.3B
IPO issuance of Class A common stock
$1.8B
Issuance of VGLNG Series A Preferred Shares
0
Repayment of debt
($11.1B)
Purchase of non-controlling interests
$0
Financing and issuance costs
($1.0B)
Payments of dividends and subsidiary distributions
($465.0M)
Financed capital expenditures
($76.0M)
Other financing activities
$2.0M
Net cash from financing activities
$5.5B
Net increase (decrease) in cash, cash equivalents and restricted cash
($1.2B)
Cash, cash equivalents and restricted cash at beginning of period
$4.6B
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD
$3.4B
Venture Global Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$2.0B
$625.0M
$1.5B
$992.0M
(Gain) loss on derivatives, net
($153.0M)
($57.0M)
$539.0M
$419.0M
Cash from settlement of derivatives, net
$29.0M
$12.0M
$994.0M
$367.0M
Loss on financing transactions
$109.0M
$13.0M
$204.0M
$63.0M
Deferred taxes
$393.0M
$97.0M
$350.0M
$264.0M
Non-cash interest expense
$63.0M
$32.0M
$101.0M
$81.0M
Depreciation and amortization
$511.0M
$251.0M
$701.0M
$483.0M
Stock-based compensation
$27.0M
$12.0M
$34.0M
$23.0M
Accounts receivable
$74.0M
$108.0M
($279.0M)
($320.0M)
Inventory
($29.0M)
$17.0M
($56.0M)
($15.0M)
Prepaid expenses and other current assets
($39.0M)
($15.0M)
($9.0M)
($32.0M)
Accounts payable and accrued liabilities
($188.0M)
($340.0M)
$345.0M
$280.0M
Other, net
($4.0M)
$8.0M
($11.0M)
($33.0M)
Net cash from operating activities
$2.8B
$763.0M
$4.5B
$2.6B
Capital expenditures
($6.9B)
($3.2B)
($9.7B)
($6.4B)
Other investing activities, net
$225.0M
$183.0M
$163.0M
$42.0M
Net cash used by investing activities
($6.7B)
($3.0B)
($9.6B)
($6.4B)
Issuance of debt and draws on credit facilities
$11.6B
$2.7B
$6.5B
$2.5B
IPO issuance of Class A common stock
$0
$0
$1.8B
—
Repayment of debt
($4.1B)
($388.0M)
($7.7B)
($2.8B)
Redemption of CP Funding Redeemable Preferred Units
($1.7B)
—
—
—
Financing and issuance costs
($506.0M)
($317.0M)
($898.0M)
($232.0M)
Payments of subsidiary dividends and distributions
($210.0M)
—
—
—
Payments of dividends on common stock
($89.0M)
—
—
—
Other financing activities, net
$6.0M
$26.0M
($72.0M)
($84.0M)
Net cash from financing activities
$5.0B
$1.9B
$4.0B
$2.1B
Net increase (decrease) in cash, cash equivalents and restricted cash
$1.2B
($374.0M)
($1.1B)
($1.7B)
Cash, cash equivalents and restricted cash at beginning of period
$3.4B
$3.4B
$4.6B
$4.6B
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD