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XCF Global, Inc. (SAFX) stock

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NASDAQ: SAFX Nasdaq Oil & Gas Refining & Marketing

XCF Global, Inc. is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.6

Justified price-to-book

Base case. Range ~$0.5–$0.8. Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

XCF Global, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 1 selling1 purchase and 13 sales by directors and officers, last 12 monthsInsider trades
  • Funds27 adding, 38 cuttingOf 9 active managers that changed their stake, 6 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 20% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in XCF Global, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Loss-making. Operating margin is -286.0%: costs exceed revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 230% and a beta of 2.6 against the S&P 500.

Latest results: FY2026 Q2

Filed August 17, 2026
Earnings per share
-$0.04 against an average estimate of -$0.05: beat by 20.0%
Revenue
$1m, down 89.5% on a year earlier

XCF Global's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day0.0%
  • 1 week-21.7%
  • 1 month-62.6%
  • This year-54.9%
  • 1 year-86.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$15.3M
Operating margin
-286.0%
Net margin
-397.5%
EPS (TTM, diluted)
$-0.28

Cash

Stock pay % of revenue
9.4%

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Leadership
  4. Insider trade
  5. Shareholder vote
  6. Agreement
  7. Agreement
  8. Agreement
  9. Agreement
  10. Announcement
  11. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

XCF Global, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value XCF Global, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.74 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.6 ~$0.5–$0.8 Included
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.0 ~$0.0–$0.0 Left out: out of range vs price (0.08x)
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.6 ~$0.5–$0.8 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare XCF Global, Inc. with Oil & Gas Refining & Marketing in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2025Now
Share price$0.27$0.12
Market value$39m$27m
+ Net debt (− = net cash)$246m$124m
Enterprise value$285m$151m
Multiples
Price / sales 1.9x1.8x
Price / earnings 0.5x—
Price / free cash flow ——
EV / EBITDA ——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.14 −127% $67m +220%
Next $0.03 +121% $660m +891%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +7.7% on 90 days ago. In the last 30 days, 0 analysts raised XCF Global, Inc.'s forecast and 0 cut it.

Consensus EPS forecast XCF Global, Inc., last 90 days
−$0.15 −$0.10 −$0.05 $0.00 $0.05 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.13 Current fiscal year, 60 days ago: −$0.13 Current fiscal year, 30 days ago: −$0.13 Current fiscal year, 7 days ago: −$0.13 Current fiscal year, Now: −$0.14 −$0.14 Next fiscal year, 90 days ago: −$0.03 Next fiscal year, 60 days ago: −$0.03 Next fiscal year, 30 days ago: −$0.03 Next fiscal year, 7 days ago: $0.05 Next fiscal year, Now: $0.03 $0.03

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.13−$0.03
60 days ago −$0.13−$0.03
30 days ago −$0.13−$0.03
7 days ago −$0.13$0.05
Now −$0.14$0.03

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.05 −$0.04 +20.0%
Mar 2026 −$0.05 −$0.07 −40.0%
Dec 2025 −$0.09 −$0.17 −88.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

1 analysts, Oct 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202611

Counts of recommendations published by analysts covering XCF Global, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.7%
of tradable shares
Days to cover
1.08
at average volume
Short interest, 1 month
−31%
to October 15, 2026
Held by institutions
2%
of shares
Held by insiders
63.0%
of shares
Employees
53
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 2026 to date
Return
SAFX−55%
Industry peers (median)+105%
S&P 500+11%
Months that ended higher
SAFX27%
S&P 50046%
Largest fall from a high during the year
SAFX−88%
S&P 500−9%

Worst fall since January 2, 2025: 100% from June 9, 2025 to October 30, 2026. Getting back needed a 29347% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.12 – $1.05
From 52-week high
−88.3%
vs 50-day average
−61.2%
vs 200-day average
−65.9%
Volatility (1 year)
230%
Beta vs S&P 500
2.60

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 21 15
Gross profit — −4 −3
Operating income −21 −68 −44
Net income −24 74 −61
Diluted EPS — $0.52 −$0.28
Margins
Gross margin — −18.1% −16.8%
Operating margin — −326.1% −286.0%
Net margin — 355.5% −397.5%
Free-cash-flow margin — −85.8% —
Cash flow
Cash from operations −11 −18 −20
Capital spending 29 0 —
Free cash flow −40 −18 —
Stock-based pay 0 9 1
Free cash flow after stock pay −40 −27 —
Balance sheet
Cash 0 0 0
Total debt 110 246 124
Net debt (negative = net cash) 110 246 124
Diluted shares — 142m 218m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 2 checks passed · June 30, 2026
What it owns · $421m
Short-term assets $13mLonger-term assets $408m
What it owes, and who funded it · $421m
Short-term liabilities $251mLonger-term liabilities $133mShareholders' equity $37m
  • Short-term assets cover short-term liabilities $13m of assets due within a year against $251m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $13m short-term assets against $133m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From XCF Global, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas refining & marketing
Last 12 months unless stated SAFX PTLE UFG DLXY BANL GPRE Median
Revenue, last 12 months $15m $72m $264m $308m $538m $1.8bn $8.6bn
Revenue growth, last 12 months — −27.0% 70.0% −2.3% −9.1% −23.7% 13.0%
Revenue growth, latest quarter −89.5% — — — — −19.3% 44.9%
Gross margin −16.8% 1.3% 1.8% 0.8% 0.8% 16.0% 7.1%
Operating margin −286.0% −0.6% −0.6% −1.5% −0.5% 7.4% 2.0%
Net margin −397.5% −1.6% −0.7% −1.5% −0.6% 6.8% 1.7%
Cash from operations / revenue −131.0% −17.1% −0.9% −1.7% 0.7% 8.4% 3.8%
Free-cash-flow margin — — −0.9% −1.7% 0.7% 7.0% 4.8%
Stock pay / revenue 9.4% 1.3% 0.0% — — 0.6% 0.1%
Change in share count — 192.2% — 4.3% 0.0% 19.2% −1.4%

Median of all 17 companies we cover in oil & gas refining & marketing. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Renewable Diesel Products $11.3M 54.1% —
Renewable Diesel Environmental Credits $9.4M 45.2% —
Naphtha Product Sales $131,346 0.6% —

From XCF Global, Inc.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.6M
Institutions reporting
54
Shares held vs prior quarter
▼ 18.3%
Positions opened / closed
16 / 19

Top buyers and sellers, Q2 2026: 27 institutions bought and 38 sold ; the biggest buyer was Vanguard Capital Management LLC (+3.1M shares) and the biggest seller Blackrock, Inc (−2.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Capital Management LLC $2M 4.5M 42.8% ▲ 222.8%
Geode Capital Management, LLC $330,389 748K 7.1% ▼ 64.7%
UBS Group AG $327,427 742K 7.1% ▼ 48.8%
State Street Corp $297,261 673K 6.4% ▼ 30.6%
Blackrock, Inc. $206,531 468K 4.5% ▼ 80.7%
Morgan Stanley $175,020 397K 3.8% ▲ 1573.1%
LPL Financial LLC $155,556 352K 3.4% New
Jane Street Group, LLC $146,567 332K 3.2% ▼ 62.0%
Goldman Sachs Group Inc $138,583 314K 3.0% ▼ 9.9%
J. Derek Lewis & Associates Inc. $110,350 250K 2.4% ▲ 2.1%
Wellington Management Group LLP $88,797 201K 1.9% ▲ 22.9%
Susquehanna International Group, LLP $86,156 195K 1.9% ▲ 1137.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not XCF Global, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $142M 1 trade by 1 insider, last 12 months Insider sales History → $6.3M 13 trades by 1 insider · 0% under pre-set plans
Net ▲ $136M net buying
Insider Date Trade Shares Price Value
Eeme Energy Spv I, Llc 10% owner October 16, 2026 Buy 119,397,858 $1.19 $142M
Soule Randy 10% owner May 15, 2026 Sell 5,000,000 $0.41 $2M
Soule Randy 10% owner April 30, 2026 Sell 9,000,000 $0.34 $3.1M
Soule Randy 10% owner March 12, 2026 Sell 1,261,830 $0.52 $656,152
Soule Randy 10% owner February 25, 2026 Sell 2,000,000 $0.12 $240,000
Soule Randy 10% owner January 14, 2026 Sell 161,363 $0.15 $24,204
Soule Randy 10% owner January 14, 2026 Sell 200,000 $0.15 $30,000
Soule Randy 10% owner January 13, 2026 Sell 200,000 $0.18 $36,000
Soule Randy 10% owner January 13, 2026 Sell 200,000 $0.16 $32,000
Soule Randy 10% owner January 13, 2026 Sell 200,000 $0.17 $34,000
Soule Randy 10% owner January 12, 2026 Sell 200,000 $0.16 $32,000
Soule Randy 10% owner January 12, 2026 Sell 73,000 $0.15 $10,950

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on XCF Global, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

XCF Global, Inc. in brief

What does XCF Global, Inc. do?
XCF Global, Inc. is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.
What is XCF Global, Inc.'s stock ticker?
XCF Global, Inc. trades under the ticker SAFX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are XCF Global, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Geode Capital Management, LLC and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is XCF Global, Inc.'s market cap?
On November 2, 2026, XCF Global, Inc.'s market capitalisation was about $26.8M and net debt of $124M. Market figures come from third-party market data and may be delayed.
Who are XCF Global, Inc.'s competitors?
In our Oil & Gas Refining & Marketing peer group, the companies closest to XCF Global, Inc. are PTL Ltd, Uni-fuels Holdings Ltd, Delixy Holdings Ltd, CBL International Ltd and Green Plains Inc. The side-by-side comparison below sets their revenue, margins and growth against XCF Global, Inc.'s.
Are insiders buying or selling XCF Global, Inc. stock?
Over the last 12 months, XCF Global, Inc.'s directors and officers reported 1 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.