Venture Global, Inc. income statement
In fiscal 2025, Venture Global, Inc. reported revenue of $13.77bn, up 176.9% on the year before, operating income of $5.16bn (a 37.4% margin) and net income of $2.26bn, or $0.86 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 7.9 | 5.0 | 13.8 | 17.0 |
| Research and development | 0.5 | 0.6 | 0.3 | 0.2 |
| General and administrative | 0.2 | 0.3 | 0.4 | 0.4 |
| Operating income | 4.9 | 1.8 | 5.2 | 6.4 |
| Interest expense | 0.6 | 0.6 | 1.5 | 1.8 |
| Income before tax | 4.4 | 2.2 | 3.4 | 4.6 |
| Income tax | 0.8 | 0.4 | 0.6 | 0.8 |
| Net income | 2.7 | 1.5 | 2.3 | 3.3 |
| Diluted EPS | $1.25 | $0.57 | $0.86 | $1.26 |
| Diluted shares (average) | 2,143m | 2,585m | 2,635m | 2,635m |
| EBITDA | 5.1 | 2.1 | 6.1 | 7.3 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 926 | 1,524 | 2,894 | 3,101 | 3,329 | 4,445 | 4,599 | 4,578 |
| Research and development | 156 | 124 | 182 | 57 | 53 | 52 | 46 | 23 |
| General and administrative | 77 | 88 | 105 | 103 | 105 | 120 | 97 | 112 |
| Operating income | 189 | 594 | 1,080 | 1,038 | 1,320 | 1,718 | 1,151 | 2,188 |
| Interest expense | 128 | 117 | 276 | 310 | 421 | 447 | 444 | 489 |
| Income before tax | −372 | 1,238 | 668 | 591 | 637 | 1,467 | 736 | 1,753 |
| Income tax | −78 | 248 | 151 | 116 | 87 | 276 | 111 | 336 |
| Net income | −347 | 871 | 396 | 368 | 429 | 1,067 | 488 | 1,347 |
| Diluted EPS | −$0.15 | $0.34 | $0.15 | $0.14 | $0.16 | $0.41 | $0.19 | $0.51 |
| EBITDA | 278 | 687 | 1,296 | 1,305 | 1,538 | 1,958 | 1,402 | 2,448 |
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