VG (Venture Global, Inc.) Stock Financials & Earnings | Market Cap Arena

VG (Venture Global, Inc.) Stock Financials & Earnings | Market Cap Arena

VGVenture Global, Inc.

Mkt Cap$28B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Revenue (TTM)$13.8B

Net Income (TTM)$2.5B

EPS (TTM)$0.86

Free Cash Flow (TTM)-$5.3B

Gross Margin68.3%

Op. Margin37.4%

Net Margin17.9%

FCF Margin-38.4%

P/S Ratio (TTM)2.0x

P/E Ratio (TTM)11.4x

YoY Rev Growth+176.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q3 23	$1.1B	$635M	$309M
Q4 23	$1.6B	$1.1B	$737M
Q1 24	$1.4B	$979M	$617M
Q2 24	$1.1B	$738M	$363M
Q3 24	$926M	$654M	$189M
Q4 24	$1.5B	$1.0B	$594M
Q1 25	$2.9B	$1.6B	$1.1B
Q2 25	$3.1B	$1.4B	$1.0B
Q3 25	$3.3B	$1.7B	$1.3B
Q4 25	$4.4B	$4.7B	$1.7B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	5.4x	18.5x
Q3 24	5.5x	50.5x
Q4 24	5.6x	18.2x
Q1 25	4.3x	20.6x
Q2 25	3.3x	18.8x
Q3 25	2.6x	12.0x
Q4 25	2.0x	11.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 23	$0	$0
Q4 23	$593M	-$3.0B
Q1 24	$638M	-$2.4B
Q2 24	$558M	-$2.7B
Q3 24	$280M	-$3.5B
Q4 24	$673M	-$3.0B
Q1 25	$1.1B	-$2.4B
Q2 25	$1.5B	-$1.5B
Q3 25	$1.9B	-$1.4B
Q4 25	$0	$0

Capital Expenditures

CapEx

Quarter	CapEx
Q3 23	$0
Q4 23	$3.6B
Q1 24	$3.0B
Q2 24	$3.3B
Q3 24	$3.8B
Q4 24	$3.7B
Q1 25	$3.5B
Q2 25	$3.0B
Q3 25	$3.3B
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 24	-12.1%	-1.1%
Q4 24	-6.6%	+3.9%
Q1 25	+104.7%	+127.6%
Q2 25	+179.9%	+176.9%
Q3 25	+259.5%	+172.6%
Q4 25	+191.7%	+193.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$6M	0.4%
Q2 24	$7M	0.6%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$12M	0.3%

OpEx Breakdown

Quarter	R&D	G&A
Q3 23	$142M	$58M
Q4 23	$166M	$59M
Q1 24	$181M	$72M
Q2 24	$174M	$75M
Q3 24	$156M	$77M
Q4 24	$124M	$88M
Q1 25	$182M	$105M
Q2 25	$57M	$103M
Q3 25	$53M	$105M
Q4 25	$364M	$120M

Revenue Segments

Quarter	Liquefied Natural Gas	Product and Service, Other
Q2 25	$3.1B	$21M
Q3 25	$3.3B	$20M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$4.8B	$0	$4.8B
Q1 24	$0	$0	$0
Q3 24	$4.6B	$0	$4.6B
Q4 24	$3.6B	$0	$3.6B
Q1 25	$3.6B	$0	$3.6B
Q2 25	$2.2B	$0	$2.2B
Q3 25	$2.2B	$0	$2.2B
Q4 25	$2.4B	$0	$2.4B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q3 23	2.58B	—
Q4 23	2.58B	+0.0%
Q1 24	2.58B	+0.0%
Q2 24	2.42B	-5.9%
Q3 24	2.42B	-0.2%
Q4 24	2.42B	-0.0%
Q1 25	2.64B	+9.2%
Q2 25	2.63B	-0.3%
Q3 25	2.64B	+0.2%
Q4 25	2.63B	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$3M	2K
FY 25	$7M	2K