CLNE · Clean Energy Fuels Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.56M | - | $106.14M | $102.61M | $103.76M | - | $104.88M | $97.95M | $103.71M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $24.55M | - | $26.27M | $27.45M | $27.46M | - | $28.86M | $28.34M | $26.24M | - |
| Total Operating Expenses | $120.45M | - | $119.77M | $111.84M | $230.06M | - | $113.40M | $103.55M | $113.02M | - |
| D&A | $11.00M | - | $14.68M | $9.96M | $62.27M | - | $11.35M | $11.26M | $11.18M | - |
| Operating Income | ($2.90M) | - | ($13.64M) | ($9.23M) | ($126.30M) | - | ($8.53M) | ($5.59M) | ($9.31M) | - |
| Interest Expense | $5.70M | - | $7.78M | $7.74M | $7.76M | - | $8.36M | $7.92M | - | - |
| Income Tax | $18.0K | - | $75.0K | $72.0K | ($2.93M) | - | $50.0K | $758.0K | ($178.0K) | - |
| Net Income | ($12.41M) | - | ($23.82M) | ($20.24M) | ($134.97M) | - | ($18.18M) | ($16.29M) | ($18.44M) | - |
| EPS - Basic | ($0.06) | - | ($0.11) | ($0.09) | ($0.60) | - | ($0.08) | ($0.07) | ($0.08) | - |
| EPS - Diluted | ($0.06) | - | ($0.11) | ($0.09) | ($0.60) | - | ($0.08) | ($0.07) | ($0.08) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $55.48M | $155.58M | $180.84M | $132.09M | $118.56M | $89.51M | $116.95M | $123.09M | $89.39M | $104.94M |
| Accounts Receivable | $110.57M | $100.79M | $96.16M | $82.86M | $91.42M | $107.68M | $93.05M | $92.11M | $85.48M | $98.43M |
| Inventory | $42.68M | $43.91M | $44.42M | $45.37M | $45.72M | $43.43M | $45.83M | $49.41M | $48.98M | $45.34M |
| Accounts Payable | $22.21M | $26.18M | $32.62M | $28.49M | $30.14M | $33.30M | $31.48M | $33.84M | $41.83M | $56.99M |
| Current Assets | $332.26M | $350.34M | $409.08M | $407.87M | $408.69M | $413.77M | $442.37M | $450.88M | $448.91M | $470.18M |
| Total Assets | $1.04B | $1.06B | $1.13B | $1.12B | $1.12B | $1.24B | $1.24B | $1.25B | $1.24B | $1.26B |
| Current Liabilities | $135.03M | $151.16M | $152.35M | $144.25M | $144.99M | $154.72M | $144.48M | $142.44M | $143.08M | $163.82M |
| Long-term Debt | $227.85M | $226.73M | $284.24M | $277.87M | $271.58M | $265.33M | $264.03M | $262.91M | $261.93M | $261.12M |
| Total Liabilities | $473.17M | $491.65M | $534.05M | $519.00M | $513.69M | $524.36M | $513.29M | $516.72M | $506.53M | $525.81M |
| Stockholders' Equity | $558.14M | $559.42M | $585.21M | $590.82M | $596.70M | $713.27M | $724.75M | $723.04M | $722.90M | $726.77M |
| Retained Earnings | ($1.25B) | ($1.23B) | ($1.19B) | ($1.17B) | ($1.15B) | ($1.01B) | ($982.38M) | ($964.21M) | ($947.91M) | ($929.47M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.36M) | - | - | - | $23.43M | - | - | - | $2.59M | - |
| Investing Cash Flow | ($89.61M) | - | - | - | $7.40M | - | - | - | ($19.85M) | - |
| Financing Cash Flow | ($1.95M) | - | - | - | ($1.92M) | - | - | - | $1.83M | - |
| CapEx | $6.89M | - | - | - | $7.49M | - | - | - | $18.21M | - |
| Free Cash Flow | ($15.26M) | - | - | - | $15.94M | - | - | - | ($15.62M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -2.5% | - | -12.8% | -9.0% | -121.7% | - | -8.1% | -5.7% | -9.0% | - |
| EBITDA margin | 6.9% | - | 1.0% | 0.7% | -61.7% | - | 2.7% | 5.8% | 1.8% | - |
| Net margin | -10.6% | - | -22.4% | -19.7% | -130.1% | - | -17.3% | -16.6% | -17.8% | - |
| Free cash flow margin | -13.0% | - | - | - | 15.4% | - | - | - | -15.1% | - |
| FCF / Net income | 1.23 | - | - | - | -0.12 | - | - | - | 0.85 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 20.9% | - | 24.8% | 26.8% | 26.5% | - | 27.5% | 28.9% | 25.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.2% | - | -2.1% | -1.8% | -12.1% | - | -1.5% | -1.3% | -1.5% | - |
| Return on equity | -2.2% | - | -4.1% | -3.4% | -22.6% | - | -2.5% | -2.3% | -2.6% | - |
| Return on invested capital | -0.3% | - | -1.2% | -0.8% | -11.5% | - | -0.7% | -0.4% | -0.7% | - |
| Liquidity | ||||||||||
| Current ratio | 2.46 | 2.32 | 2.69 | 2.83 | 2.82 | 2.67 | 3.06 | 3.17 | 3.14 | 2.87 |
| Quick ratio | 2.14 | 2.03 | 2.39 | 2.51 | 2.50 | 2.39 | 2.74 | 2.82 | 2.80 | 2.59 |
| Cash ratio | 0.41 | 1.03 | 1.19 | 0.92 | 0.82 | 0.58 | 0.81 | 0.86 | 0.62 | 0.64 |
| Leverage | ||||||||||
| Debt / Equity | 0.41 | 0.41 | 0.49 | 0.47 | 0.46 | 0.37 | 0.36 | 0.36 | 0.36 | 0.36 |
| Debt / Assets | 0.22 | 0.21 | 0.25 | 0.25 | 0.24 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| Debt / EBITDA | 28.11 | - | 271.74 | 380.65 | - | - | 93.56 | 46.35 | 139.99 | - |
| Interest coverage | -0.5x | - | -1.8x | -1.2x | -16.3x | - | -1.0x | -0.7x | - | - |
| Equity multiplier | 1.86 | 1.89 | 1.92 | 1.89 | 1.87 | 1.74 | 1.72 | 1.72 | 1.71 | 1.73 |
| Liabilities / Assets | 0.46 | 0.47 | 0.47 | 0.47 | 0.46 | 0.42 | 0.41 | 0.41 | 0.41 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.09 | 0.09 | 0.09 | - | 0.08 | 0.08 | 0.08 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 343d | - | 331d | 295d | 322d | - | 324d | 343d | 301d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.0x | - | 1.0x | 0.7x | 0.6x | - | 1.0x | 0.8x | 0.8x | - |
| P / S | 4.6x | - | 5.3x | 4.2x | 3.3x | - | 6.6x | 6.1x | 5.8x | - |
| EV / EBITDA | 88.5x | - | 639.7x | 788.4x | - | - | 298.3x | 129.8x | 411.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.3% | - | 1.2% | 4.8% | 0.1% | - | 9.7% | 8.2% | -21.5% | - |
| Revenue CAGR (3y) | -3.8% | - | -5.5% | 1.8% | 7.5% | - | 6.8% | 488.7% | 10.4% | - |
| Revenue CAGR (5y) | 8.8% | - | 8.4% | 11.4% | 3.8% | - | 7.1% | 6.3% | 5.9% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 97.7% | - | -59.9% | -65.1% | -1256.4% | - | 60.1% | 57.2% | 73.7% | - |
| Net income growth (YoY) | 90.8% | - | -31.1% | -24.2% | -631.8% | - | 29.6% | 0.0% | 52.3% | - |
| EPS growth (YoY) | 90.0% | - | -37.5% | -28.6% | -650.0% | - | 33.3% | 0.0% | 52.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 57.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -6.5% | -21.6% | -19.3% | -18.3% | -17.5% | -1.9% | 5.9% | 3.9% | 3.8% | 0.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$424.83M totalSingle Reportable Segment$424.83M · 100.0%
Product / service
$1.18B totalProduct$365.47M · 30.9%
Volume Related Product Revenue$331.48M · 28.0%
Volume Related Fuel Sales$287.66M · 24.3%
Service$59.37M · 5.0%
Volume Related Operations And Maintenance Service Revenue$56.73M · 4.8%
Station Construction Sales$33.98M · 2.9%
Volume Related Renewable Identification Number Credits$32.23M · 2.7%
Volume Related Low Carbon Fuel Standard Credits$13.05M · 1.1%
Other Service Revenue Source$2.63M · 0.2%
Federal Alternative Fuels Tax Credit$198.0K · 0.0%
Geographic
$424.83M totalUS$417.82M · 98.4%
CA$7.01M · 1.6%
Peer comparison
Same SIC group: Gas & Other Services Combined
Comparing Clean Energy Fuels Corp. against the 5 most active filers in the same SIC group.