Logo

SAFX

XCF Global, Inc. Class A Common Stock

SAFX

XCF Global, Inc. Class A Common Stock • NASDAQ
$0.74 ▲ 5.71% (+0.04)
Market Cap $117.83 M
52w High $45.90
52w Low $0.61
Dividend Yield 0%
P/E 0
Volume 139.16K
Outstanding Shares 159.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $9.553M ▲ $18.176M ▼ $-12.515M ▼ -131% ▼ $-0.08 ▼ $-7.448M ▼
Q2-2025 $6.576M ▲ $33.142M ▲ $110.268M ▲ 1.677K% ▲ $0.83 ▲ $119.736M ▲
Q1-2025 $0 $16.1K ▼ $-6.1K ▲ 0% $-61 ▼ $-16.1K ▲
Q4-2024 $0 $494.409K ▲ $-314.027K ▲ 0% $-0.045 ▼ $-532.651K ▲
Q3-2024 $0 $-1.028M $-1.08M 0% $-0.007 $-1.028M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $879.168K ▲ $408.724M ▲ $403.508M ▲ $5.216M ▼
Q2-2025 $405.575K ▲ $392.134M ▲ $380.049M ▲ $12.085M ▲
Q1-2025 $22.604K ▲ $13.854M ▲ $9.742M ▲ $4.112M ▼
Q4-2024 $19.669K ▼ $13.756M ▲ $8.218M ▲ $5.538M ▼
Q3-2024 $34.907K $13.293M $3.929M $9.363M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $90.292M ▼ $-13.752M ▼ $-1.563M ▼ $15.787M ▲ $0 ▼ $-13.752M ▼
Q2-2025 $110.268M ▲ $-8.521M ▼ $-1.271M ▼ $9.787M ▲ $388.287K ▲ $-9.995M ▼
Q1-2025 $-6.1K ▲ $0 ▼ $0 ▲ $0 $0 ▲ $0 ▼
Q4-2024 $-314.027K ▲ $22.834K ▲ $-597.784K ▼ $0 ▲ $-574.95K ▼ $22.83K ▲
Q3-2024 $-1.08M $-427.831K $0 $-19.925K $-447.756K $-427.831K

Five-Year Company Overview

Income Statement

Income Statement SAFX is still essentially a pre‑revenue story. The company has not yet generated meaningful sales, and results so far reflect mostly corporate and development costs. Recent years show small net losses after a brief period of minor profitability, which is common for a SPAC or early‑stage transition company. Overall, the income statement tells the story of a business that is still in setup mode, with financial performance driven by expenses rather than by operating activity or fuel production at scale.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a modest level of assets and equity, and almost no debt. Over the last few years, both assets and equity have drifted down, suggesting cash has been used to fund operations and transaction costs rather than to build large hard assets yet. The absence of reported cash and very low leverage indicate that future growth will likely depend on raising additional capital or forming asset‑sharing partnerships to build out production capacity.

Cash Flow

Cash Flow Reported cash flow figures are essentially flat, which likely reflects the company’s SPAC background and limited operating activity so far rather than a mature operating business. There is no visible pattern of operating cash inflows or meaningful capital spending yet, so investors do not have a clear history of how much cash the model consumes at scale. In practice, this means cash flow risk is high and will depend heavily on how quickly SAF projects ramp up and how capital spending is structured with partners.

Competitive Edge

Competitive Edge SAFX is positioning itself as a focused sustainable aviation fuel player in a niche where most competitors are either diversified energy companies or biofuel firms with multiple product lines. Its main claimed edge is a modular, quickly replicable plant design and a capital‑light strategy built on partnerships and licensing rather than owning every refinery outright. This could make the company more agile and faster to scale if execution is strong. At the same time, it competes against larger, better‑funded incumbents and will need to prove that its model can deliver reliable volumes, consistent fuel quality, and attractive economics over time. Policy support for SAF, airline adoption, and the strength of its long‑term offtake agreements will strongly influence its eventual standing in the market.

Innovation and R&D

Innovation and R&D Innovation is the clear centerpiece of SAFX’s story. The company is developing patent‑pending modular SAF plants that can be deployed and replicated more quickly than traditional refineries, and can switch between sustainable aviation fuel and other renewable fuels depending on market conditions. It is leaning heavily on an ecosystem of partners for blending, logistics, and distribution, which aligns with its capital‑light strategy. Future innovation seems focused less on lab‑style research and more on engineering, scaling, and process optimization—making plants cheaper, faster to build, and more flexible on feedstocks. The key unknown is how well this technology performs at full commercial scale and how easily it can be replicated across multiple sites and countries.

Summary

Overall, SAFX looks like an early‑stage, high‑concept energy transition story rather than a mature operating company. Financially, it is pre‑revenue, with a thin asset base, small recent losses, and no established cash‑flow track record, which points to a meaningful need for external capital and disciplined execution. Strategically, it aims to carve out a niche as a pure‑play SAF producer using modular technology, a partnership‑driven, capital‑light model, and a focus on neat sustainable aviation fuel. The long‑term opportunity is tied to growing demand for lower‑carbon aviation and supportive regulation, but the near‑term picture is dominated by execution risk: building and ramping plants, securing and honoring offtake agreements, managing costs, and navigating technology and policy uncertainty. The investment case hinges much more on future project delivery than on current financial performance.

NEWS

November 20, 2025 · 10:42 AM UTC

XCF Global Welcomes Growing Momentum for Sustainable Aviation Fuel Adoption in the United States

Read more

November 17, 2025 · 7:45 AM UTC

XCF Global and BGN Developing Global Distribution and Logistics Partnership

Read more

November 10, 2025 · 8:33 AM UTC

XCF Global Strengthens Leadership to Accelerate Commercial Growth in Sustainable Aviation Fuel

Read more

November 6, 2025 · 12:35 PM UTC

XCF Global Featured in Posh Energy White Paper "Unlocking the Full Value of Renewable Fuel Facilities: Powering the Future with Posh Flex Gensets"

Read more

November 3, 2025 · 6:25 PM UTC

XCF Global and Impact Jets Sign MOU to Supply Private Jet Market with Sustainable Aviation Fuel

Read more