Venture Global, Inc. (VG)

Venture Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	10,848	4,972	7,897	6,448	-
Revenue Growth (YoY)	113.54%	-37.04%	22.47%	-	-
Cost of Revenue	5,205	1,940	2,075	2,198	49
Gross Profit	5,643	3,032	5,822	4,250	-49
Selling, General & Admin	401	312	205	226	101
Research & Development	416	635	490	311	181
Operating Expenses	1,611	1,269	972	695	288
Operating Income	4,032	1,763	4,850	3,555	-337
Interest Expense	-1,642	-584	-641	-592	-14
Interest & Investment Income	178	244	172	18	-
Other Non Operating Income (Expenses)	570	760	51	563	-85
Pretax Income	3,134	2,183	4,432	3,544	-436
Income Tax Expense	602	437	816	447	-
Earnings From Continuing Operations	2,532	1,746	3,616	3,097	-436
Minority Interest in Earnings	-59	-59	-805	-1,121	-
Net Income	2,473	1,687	2,811	1,976	-436
Preferred Dividends & Other Adjustments	428	212	130	118	-107
Net Income to Common	2,045	1,475	2,681	1,858	-329
Net Income Growth	-	-39.99%	42.26%	-	-
Shares Outstanding (Basic)	2,401	2,350	2,070	1,969	-
Shares Outstanding (Diluted)	2,632	2,585	2,143	1,969	-
Shares Change (YoY)	-31.33%	20.63%	8.84%	-	-
EPS (Basic)	0.85	0.63	1.30	0.94	-
EPS (Diluted)	0.79	0.57	1.25	0.94	-
EPS Growth	-	-54.40%	32.98%	-	-
Free Cash Flow	-8,271	-11,568	-3,541	-916	-2,582
Free Cash Flow Per Share	-3.14	-4.47	-1.65	-0.47	-
Gross Margin	52.02%	60.98%	73.72%	65.91%	-
Operating Margin	37.17%	35.46%	61.42%	55.13%	-
Profit Margin	18.85%	29.67%	33.95%	28.82%	-
Free Cash Flow Margin	-76.24%	-232.66%	-44.84%	-14.21%	-
EBITDA	4,826	2,085	5,127	3,713	-331
EBITDA Margin	44.49%	41.94%	64.92%	57.58%	-
D&A For EBITDA	794	322	277	158	6
EBIT	4,032	1,763	4,850	3,555	-337
EBIT Margin	37.17%	35.46%	61.42%	55.13%	-
Effective Tax Rate	19.21%	20.02%	18.41%	12.61%	-

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q