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Financials · VG

Venture Global Inc. (VG) financials

For the twelve months ended Jun 30, 2026, Venture Global Inc. reported $16.95B of revenue and $3.33B of net income.

Revenue, TTM
$16.95B
Revenue growth, YoY
+100.7%
Net income, TTM
$3.33B
Net income growth, YoY
+158.6%
Net margin
19.7%
Free cash flow, TTM
-$6.99B
EPS, diluted, TTM
$1.27
EPS growth, YoY
+159.2%
Cash
$3.12B
Total debt
$41.81B
P/E
8.85
P/S
1.74
Market cap
$29.49B
Annual revenue$13.77B
FY2023FY2025
Annual net income$2.26B
FY2023FY2025
Annual free cash flow-$6.80B
FY2023FY2025

VG revenue and earnings growth

VG revenueQ2 2026$4.58B

Quarter YoY
+47.6%
QoQ
-0.5%
FY YoY
+176.9%

VG revenue was $4.58B in fiscal Q2 2026 (ended Jun 30, 2026), up 47.6% from a year earlier and down 0.5% from the prior quarter. For the full fiscal 2025 it was $13.77B, up 176.9% from fiscal 2024.

VG net incomeQ2 2026$1.35B

Quarter YoY
+266.0%
QoQ
+176.0%
FY YoY
+53.2%

VG net income was $1.35B in fiscal Q2 2026 (ended Jun 30, 2026), up 266.0% from a year earlier and up 176.0% from the prior quarter. For the full fiscal 2025 it was $2.26B, up 53.2% from fiscal 2024.

VG EPSQ2 2026$0.51

Quarter YoY
+264.3%
QoQ
+168.4%
FY YoY
+50.9%

VG diluted EPS was $0.51 in fiscal Q2 2026 (ended Jun 30, 2026), up 264.3% from a year earlier and up 168.4% from the prior quarter. For the full fiscal 2025 it was $0.86, up 50.9% from fiscal 2024.

VG free cash flowQ2 2026-$1.65B

VG free cash flow was -$1.65B in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.52B a year earlier. For the full fiscal 2025 it was -$6.80B, compared with -$11.57B in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue$13.77B$4.97B$7.90B
Research and development$344.00M$635.00M$490.00M
Selling, general and admin$433.00M$312.00M$224.00M
Operating income$5.16B$1.76B$4.85B
Interest expense$1.45B$584.00M$641.00M
Pre-tax income$3.36B$2.18B$4.43B
Income tax$630.00M$437.00M$816.00M
Net income$2.26B$1.48B$2.68B
EPS, basic$0.93$0.63$1.30
EPS, diluted$0.86$0.57$1.25
Diluted shares2.63B2.58B2.14B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Cash and equivalents$2.35B$4.61B$5.87B
Receivables$918.00M$364.00M-
Inventory$253.00M$171.00M-
Current assets$4.04B$4.56B-
Total assets$53.45B$43.49B-
Current liabilities$4.34B$3.54B-
Short-term debt$812.00M$190.00M-
Long-term debt$33.39B$29.09B-
Total debt$34.20B$29.28B-
Total liabilities$41.45B$35.59B-
Shareholders' equity$6.74B$2.90B-

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Operating cash flow$6.57B$2.15B$4.55B
Capital expenditures$13.37B$13.72B$8.09B
Free cash flow-$6.80B-$11.57B-$3.54B
Investing cash flow-$13.22B-$14.16B-$8.72B
Financing cash flow$5.46B$10.75B$7.63B
Dividends paid$465.00M$139.00M$164.00M
Stock-based compensation$46.00M$22.00M$28.00M
Depreciation and amortization$941.00M$322.00M$277.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue growth, YoY176.9%-37.0%-
Net income growth, YoY53.2%-45.0%-
EPS growth, YoY50.9%-54.4%-
Operating margin37.4%35.5%61.4%
Net margin16.4%29.7%33.9%
Free cash flow margin-49.4%-232.7%-44.8%
Return on equity33.5%50.9%-
Return on assets4.2%3.4%-
Current ratio0.931.29-
Debt to equity5.0710.11-

Source: XBRL data Venture Global Inc. files with the SEC, latest filing dated Aug 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VG$16.95B+100.7%$3.33B19.7%$29.49B
LNG$23.94B+26.3%$3.04B12.7%$58.19B
ATO$4.92B+6.5%$1.40B28.5%$29.29B
CQP$11.67B+13.2%$3.27B28.1%$28.41B
NFG$2.56B+17.2%$675.28M26.3%$7.05B
UGPR$142.37B+6.6%R$2.45B1.7%$6.10B
NJR$2.23B+6.4%$366.16M16.4%$5.52B
SR$2.54B+7.9%$358.30M14.1%$5.25B
OGS--$293.01M-$5.11B

VG FAQ

8 questions
  • What is VG revenue?
    Venture Global Inc. (VG) reported $16.95B of revenue for the twelve months ended Jun 30, 2026. That is up 100.7% from the year before. Revenue for fiscal 2025 was $13.77B.
  • Is VG profitable?
    Yes. Venture Global Inc. earned $3.33B in net income for the twelve months ended Jun 30, 2026, a net margin of 19.7%.
  • How much cash and debt does VG have?
    Venture Global Inc. reported $3.12B in cash and cash equivalents and $41.81B of debt on its most recent balance sheet in SEC filings.
  • How fast is VG revenue growing?
    Venture Global Inc.'s revenue changed +176.9% in fiscal 2025, to $13.77B.
  • What is VG free cash flow?
    Venture Global Inc. generated -$6.99B of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $6.83B less capital expenditures.
  • What is VG earnings per share?
    Diluted earnings per share were $1.27 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did VG last report financial results?
    The latest statements here come from Venture Global Inc.'s 10-Q filed on Aug 11, 2026, covering the period ended Jun 30, 2026.
  • Where does this VG financial data come from?
    Quantisnow builds these statements from the structured XBRL data Venture Global Inc. files with the SEC. It is provided for information only and is not investment advice.