CLNE (Clean Energy Fuels Corp.) Stock Financials & Earnings | Market Cap Arena

CLNE (Clean Energy Fuels Corp.) Stock Financials & Earnings | Market Cap Arena

CLNEClean Energy Fuels Corp.

Mkt Cap$509M

Energy·Oil & Gas Refining & Marketing·🇺🇸 United States·NASDAQ

Revenue (TTM)$425M

Net Income (TTM)-$222M

EPS (TTM)-$1.00

Free Cash Flow (TTM)$39M

Gross Margin4.0%

Op. Margin-22.1%

Net Margin-52.2%

FCF Margin9.2%

P/S Ratio (TTM)1.2x

P/E Ratio (TTM)—

YoY Rev Growth+2.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$132M	-$6M	-$35M
Q2 23	$91M	$15M	-$13M
Q3 23	$96M	$8M	-$21M
Q4 23	$107M	$18M	-$7M
Q1 24	$104M	$17M	-$9M
Q2 24	$98M	$23M	-$6M
Q3 24	$105M	$20M	-$9M
Q4 24	$109M	$24M	-$13M
Q1 25	$104M	-$35M	-$126M
Q2 25	$103M	$18M	-$9M
Q3 25	$106M	$13M	-$13M
Q4 25	$112M	$20M	$55M

Valuation

Quarter	P/S	P/E
Q1 23	1.1x	—
Q2 23	1.1x	—
Q3 23	1.2x	—
Q4 23	1.2x	—
Q1 24	1.3x	—
Q2 24	1.3x	—
Q3 24	1.2x	—
Q4 24	1.2x	—
Q1 25	1.2x	—
Q2 25	1.2x	—
Q3 25	1.2x	—
Q4 25	1.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$19M	-$47M
Q2 23	$12M	-$18M
Q3 23	$8M	-$19M
Q4 23	$43M	$7M
Q1 24	$3M	-$16M
Q2 24	$19M	$1M
Q3 24	$21M	-$3M
Q4 24	$22M	$3M
Q1 25	$23M	$5M
Q2 25	$36M	$21M
Q3 25	$13M	$6M
Q4 25	$13M	$7M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$28M
Q2 23	$30M
Q3 23	$27M
Q4 23	$36M
Q1 24	$19M
Q2 24	$17M
Q3 24	$25M
Q4 24	$19M
Q1 25	$19M
Q2 25	$15M
Q3 25	$7M
Q4 25	$7M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+58.3%	+61.8%
Q2 23	-6.9%	-5.0%
Q3 23	-24.0%	-12.9%
Q4 23	-6.1%	-9.2%
Q1 24	-21.5%	-32.6%
Q2 24	+8.2%	-0.1%
Q3 24	+9.7%	-3.0%
Q4 24	+2.3%	+7.8%
Q1 25	+0.1%	+103.6%
Q2 25	+4.8%	+8.0%
Q3 25	+1.5%	+5.6%
Q4 25	+2.7%	-53.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$20M	15.0%
Q2 23	$20M	22.1%
Q3 23	$23M	24.0%
Q4 23	$21M	19.8%
Q1 24	$16M	15.0%
Q2 24	$17M	17.3%
Q3 24	$19M	17.8%
Q4 24	$20M	18.7%
Q1 25	$19M	18.4%
Q2 25	$20M	19.3%
Q3 25	$0	0.0%
Q4 25	$2M	2.2%

OpEx Breakdown

Quarter	SG&A
Q1 23	$30M
Q2 23	$29M
Q3 23	$29M
Q4 23	$25M
Q1 24	$26M
Q2 24	$28M
Q3 24	$29M
Q4 24	$28M
Q1 25	$27M
Q2 25	$27M
Q3 25	$26M
Q4 25	$31M

Revenue Segments

Quarter

Revenue by Geography

Quarter	Canada	United States
Q1 25	$1M	$103M
Q2 25	$1M	$101M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$167M	$55M	$222M
Q2 23	$53M	$139M	$192M
Q3 23	$25M	$149M	$174M
Q4 23	$107M	$158M	$265M
Q1 24	$91M	$159M	$251M
Q2 24	$125M	$126M	$251M
Q3 24	$117M	$127M	$244M
Q4 24	$90M	$128M	$217M
Q1 25	$119M	$108M	$227M
Q2 25	$132M	$109M	$241M
Q3 25	$183M	$51M	$234M
Q4 25	$158M	$552K	$158M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	223M	+0.1%
Q2 23	223M	+0.1%
Q3 23	223M	+0.0%
Q4 23	223M	+0.0%
Q1 24	223M	+0.1%
Q2 24	223M	+0.0%
Q3 24	223M	+0.1%
Q4 24	223M	+0.0%
Q1 25	224M	+0.1%
Q2 25	220M	-1.5%
Q3 25	219M	-0.5%
Q4 25	221M	+0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$4M	108
FY 15	$4M	96
FY 16	$484K	832
FY 17	$793K	431
FY 18	$864K	401
FY 19	$835K	412
FY 20	$627K	465
FY 21	$530K	482
FY 22	$847K	496
FY 23	$751K	566
FY 24	$721K	577
FY 25	$845K	503