Revenue: As of FY2026 Q1, the actual value is USD 348.69 K.EPS: As of FY2026 Q1, the actual value is USD -0.07.EBIT: As of FY2026 Q1, the actual value is USD -7.254 M.<h3>Segment Revenue</h3>For the three months ended March 31, 2026, XCF Global, Inc. generated total revenue of $348,688, compared to $0 for the same period in 2025. This revenue was disaggregated as follows:- Renewable diesel products: $82,107- Renewable diesel environmental credits: $97,301- Naphtha product sales: $169,280<h3>Operational Metrics (Three Months Ended March 31, 2026 vs. 2025)</h3><ul><li>Gross Loss: XCF Global, Inc. reported a gross loss of - $312,250 for the three months ended March 31, 2026, compared to $0 for the same period in 2025. Cost of sales was $660,938 in 2026, primarily consisting of feedstock, versus $0 in 2025.</li><li>Operating Expenses: Total operating expenses increased to $10,025,257 in 2026 from $5,906,285 in 2025.<ul><li>Operating costs: $3,435,684 in 2026, up from $1,546,865 in 2025, primarily including plant utilities, operating expenses, and logistics.</li><li>General and administrative expenses: $3,970,083 in 2026, an increase from $3,782,785 in 2025, driven by higher stock-based compensation and payroll costs.</li><li>Severance expense: - $14,516 in 2026, compared to $0 in 2025, due to the reversal of previously recorded amortization of stock-based compensation for separated employees.</li><li>Professional fees: $2,634,006 in 2026, significantly up from $576,635 in 2025, mainly due to transaction costs, consulting, and legal fees.</li></ul></li><li>Loss from Operations: The loss from operations increased to - $10,337,507 in 2026 from - $5,906,285 in 2025.</li><li>Other Income (Expense): Total other income (expense) was - $7,474,908 in 2026, compared to - $1,560,916 in 2025.<ul><li>Change in fair value of notes payable: - $142,858 in 2026 versus - $45,000 in 2025.</li><li>Change in fair value of warrants: - $4,564,500 in 2026, compared to $0 in 2025.</li><li>Interest income (expense), net: - $3,083,569 in 2026, up from - $1,498,905 in 2025.</li><li>Other income (expense), net: $316,019 in 2026, compared to - $17,011 in 2025.</li></ul></li><li>Net Loss: XCF Global, Inc. reported a net loss of - $17,812,415 for the three months ended March 31, 2026, compared to - $7,467,201 for the same period in 2025.</li></ul><h3>Cash Flow (Three Months Ended March 31, 2026 vs. 2025)</h3><ul><li>Net Cash Used in Operating Activities: - $4,335,536 in 2026, compared to - $3,306,468 in 2025.</li><li>Net Cash Used in Investing Activities: - $2,695,771 in 2026, compared to - $930,099 in 2025, both primarily due to additions to construction in progress.</li><li>Net Cash Provided by Financing Activities: $7,923,909 in 2026, compared to $4,387,000 in 2025.</li></ul><h3>Unique Metrics and Strategic Summary</h3><ul><li>Core Business Focus: XCF Global, Inc. is focused on developing, operating, and investing in renewable energy assets and production facilities, with a primary concentration on Sustainable Aviation Fuel (SAF). The company aims to build a nationwide portfolio of SAF and renewable fuels production facilities using waste- and residue-based feedstocks and implement a fully integrated business model from feedstock supply to marketing and sales.</li><li>New Rise Reno Facility Operations: The New Rise Reno facility began initial production of SAF and renewable naphtha in February 2025, with first deliveries in March 2025, operating at approximately 50% of nameplate capacity during ramp-up. It is temporarily producing and selling renewable diesel at about 2,000 barrels per day, which is approximately 20% below nameplate capacity.</li><li>New Tolling Agreement: The company entered into a Renewable Fuel Tolling Agreement with BGN, under which it will process BGN-owned feedstock into SAF (yield target 2,264 bpd) and renewable naphtha (yield target 481 bpd) at its New Rise Reno facility, with an initial term of three years. This agreement replaced a previous Supply and Offtake Agreement with Phillips 66, which was canceled on May 1, 2026.</li></ul><h3>Outlook</h3>XCF Global, Inc. expects to resume SAF production as early as the second quarter of 2026, though there is no assurance regarding the timing or capacity achievement. Delays in resuming SAF or renewable diesel production or reaching full SAF production capacity will adversely affect revenues and profitability.<h3>Liquidity and Capital Resources</h3><ul><li>Working Capital: As of March 31, 2026, XCF Global, Inc. had a working capital shortage of - $240,613,017, with current assets of $4,225,054 and current liabilities of $244,838,071, primarily due to notes payable reclassified as current.</li><li>Going Concern: Management believes operating losses and negative operating cash flows will continue, raising substantial doubt about the company’s ability to continue as a going concern, and the company is actively pursuing additional financing.</li><li>Subsequent Events Affecting Liquidity: Subsequent to March 31, 2026, XCF Global, Inc. settled approximately $16,702,057 in outstanding payables to Encore through the issuance of about 37,000,000 shares of Class A Common Stock. A $1,200,000 payable to Advario Texas City, LLC was restructured into a new note with monthly installments of $50,000 beginning May 15, 2026.</li></ul>

XCF Global | 10-Q: FY2026 Q1 Revenue: USD 348.69 K