Venture Global, Inc. (VG) Earnings History

Venture Global, Inc. - Q4 FY2025 EarningsBeat

Filed at: Apr 9, 2026, 4:07 PM EDT|Read from source

EXECUTIVE SUMMARY

Venture Global, Inc. reported a strong fourth quarter with significant year-over-year revenue and EBITDA growth, driven by increased operational scale. However, the company's full-year performance shows a substantial increase in operating income and revenue, alongside a notable increase in operating expenses.

POSITIVE HIGHLIGHTS

  • •

    Full Year 2025 revenue increased 177% to $13.8 billion.

    positive
  • •

    Consolidated Adjusted EBITDA increased 198% to $6.3 billion for FY2025.

    positive
  • •

    Operating income increased 192% to $5.2 billion for FY2025.

    positive
  • •

    Q4 FY2025 revenue grew 192.0% YoY to $4.4B.

    positive
  • •

    Q4 FY2025 EPS grew 24.2% YoY to $0.41.

    positive
  • •

    Q4 FY2025 Operating Margin was 38.6%, a slight decrease of 34 bps YoY.

    neutral

CONCERNS & RISKS

  • •

    Operating expenses increased significantly, outpacing revenue growth in Q4 FY2025.

    attention
  • •

    Q4 FY2025 Operating Margin saw a slight compression of 34 bps YoY.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$4.40B
+192.0%
Prior year: $1.51B
Annual (YTD)
$13.80B
N/A
Prior year: $4.98B
Net Income
Quarterly
N/A
N/A
EPS (Diluted)
Quarterly
N/A
N/A
Operating Income
Quarterly
N/A
N/A
Annual (YTD)
$5.20B
N/A
Prior year: $1.78B
EPS (Basic)
Quarterly
N/A
N/A

MARGIN ANALYSIS

Operating Margin
Current Quarter
38.6%
Prior Year
38.9%
YoY Change
-34 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT COMMENTARY

Full Year 2025 revenue increased 177% to $13.8 billion.

— Venture Global, Inc., Q4 FY2025 2025 Earnings Call

income from operations increased 192% to $5.2 billion.

— Venture Global, Inc., Q4 FY2025 2025 Earnings Call

Consolidated Adjusted EBITDA increased 198% to $6.3 billion.

— Venture Global, Inc., Q4 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

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Analysis

The Margin Lifecycle Behind Venture Global's 7.3x Revenue Multiple