Venture Global, Inc. (VG) Financial Statements
Venture Global financial statements at a glance
Venture Global reported revenue of $13.77 billion for fiscal year 2025 (ended December 31, 2025), up 176.9% from fiscal year 2024. Net income was $2.26 billion, a net margin of 16.4%, and diluted earnings per share were $0.86.
At the end of fiscal year 2025 it had total assets of $53.45 billion, total liabilities of $43.15 billion and shareholders' equity of $6.74 billion, with cash and short-term investments of $2.36 billion and total debt of $34.90 billion.
Its operations brought in $6.57 billion of cash; capital spending was $13.37 billion, leaving free cash flow of -$6.80 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Venture Global, Inc.
Income Statement
Annual • USD
Venture Global key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $13.8B | $5.0B | $7.9B | $6.4B | $0 |
| Gross profit | $6.9B | $3.3B | $5.9B | $4.2B | -$6.0M |
| Operating income | $5.2B | $1.8B | $4.8B | $3.6B | -$341.0M |
| Net income | $2.3B | $1.5B | $2.7B | $1.9B | -$356.0M |
| Diluted EPS | $0.86 | $0.61 | $1.04 | $0.72 | -$0.18 |
| Total assets | $53.4B | $43.5B | $28.5B | $15.1B | – |
| Total liabilities | $43.1B | $37.1B | $26.4B | $14.6B | – |
| Shareholders' equity | $6.7B | $2.9B | $1.5B | -$186.0M | – |
| Cash and short-term investments | $2.4B | $3.6B | $4.8B | $618.0M | – |
| Total debt | $34.9B | $29.8B | $21.2B | $10.9B | – |
| Operating cash flow | $6.6B | $2.1B | $4.6B | $3.7B | -$503.0M |
| Capital spending | $13.4B | $13.7B | $8.1B | $4.6B | $2.1B |
| Free cash flow | -$6.8B | -$11.6B | -$3.5B | -$916.0M | -$2.6B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
Questions and answers
What was Venture Global's revenue in fiscal year 2025?
$13.77 billion, up 176.9% from $4.97 billion in fiscal year 2024.
How much profit does Venture Global make?
Venture Global reported net income of $2.26 billion for fiscal year 2025 (16.4% of revenue); operating income was $5.16 billion.
How much cash and debt does Venture Global have?
At the end of fiscal year 2025: cash and short-term investments of $2.36 billion and total debt of $34.90 billion.
What is Venture Global's free cash flow?
-$6.80 billion in fiscal year 2025 (operating cash flow of $6.57 billion minus capital spending of $13.37 billion).
