Clean Energy Fuels Corp. (CLNE) Income Statement
CLNE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCLNE revenue and net income
Where CLNE's revenue goes
2025Each bar shows an amount and its share of revenue. CLNE kept −52.1% of revenue as net income.
CLNE profit margins
CLNE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.6% | +0.5% | +7.9% | +1.0% |
| Gross profit | −78.5% | −32.2% | −21.1% | −12.8% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −850.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CLNE quarterly EPS vs estimates
Clean Energy Fuels beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.08).
CLNE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $426.5M | $415.9M | $425.2M | $420.2M | $255.6M | $291.7M | $344.1M | $346.4M | $341.6M | $402.7M |
| Cost of revenue | $408.5M | $332.3M | $389.3M | $362.4M | $260.8M | $233.1M | $261.7M | $264.8M | $312.4M | $314.8M |
| Gross profit | $18.0M | $83.6M | $35.9M | $57.7M | −$5.1M | $58.6M | $82.3M | $81.6M | $29.2M | $87.8M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $111.8M | $111.8M | $115.9M | $109.5M | $89.9M | $68.5M | $73.4M | $77.2M | $95.7M | $105.5M |
| Total operating expenses | $111.8M | $119.9M | $112.3M | $109.5M | $89.9M | $68.5M | $72.4M | $77.2M | $95.7M | $105.5M |
| Operating income | −$93.9M | −$36.4M | −$76.4M | −$51.7M | −$95.0M | −$9.8M | $9.9M | $3.9M | −$134.4M | −$17.6M |
| Interest income | $11.4M | $14.0M | $9.6M | $3.4M | $1.1M | $1.3M | $2.4M | $2.9M | $1.5M | $827,000 |
| Interest expense | $52.7M | $32.2M | $22.9M | $6.3M | $4.4M | $7.3M | $7.6M | $15.9M | $17.8M | $29.6M |
| Income before taxes | −$225.5M | −$81.0M | −$100.5M | −$59.4M | −$94.0M | −$11.2M | $14.1M | −$8.8M | −$83.3M | −$12.4M |
| Income taxes | −$2.8M | $2.7M | −$423,000 | $220,000 | $119,000 | $309,000 | $858,000 | $341,000 | −$1.9M | $1.3M |
| Net income | −$222.0M | −$83.1M | −$99.5M | −$58.7M | −$93.1M | −$9.9M | $20.4M | −$3.8M | −$79.2M | −$12.2M |
| EBITDA | −$74.2M | −$4.1M | −$31.9M | $1.6M | −$44.4M | $43.8M | $71.3M | $58.9M | −$8.9M | $76.5M |
| EPS (diluted) | −$0.30 | $0.04 | −$0.17 | −$0.04 | $0.04 | −$0.06 | $0.16 | −$0.01 | −$0.47 | −$0.23 |
| Gross margin | 4.2% | 20.1% | 8.4% | 13.7% | −2.0% | 20.1% | 23.9% | 23.6% | 8.5% | 21.8% |
| Operating margin | −22.0% | −8.7% | −18.0% | −12.3% | −37.2% | −3.4% | 2.9% | 1.1% | −39.4% | −4.4% |
| Net margin | −52.1% | −20.0% | −23.4% | −14.0% | −36.4% | −3.4% | 5.9% | −1.1% | −23.2% | −3.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $106.4M | $116.9M | $112.6M | $106.5M | $103.2M | $104.3M | $109.3M | $104.9M | $98.0M | $103.7M | $106.9M | $95.6M |
| Cost of revenue | $76.2M | $95.9M | $92.4M | $93.5M | $84.4M | $138.3M | $85.8M | $84.5M | $75.2M | $86.8M | $88.5M | $87.8M |
| Gross profit | $30.1M | $21.0M | $20.2M | $13.0M | $18.8M | −$33.9M | $23.6M | $20.3M | $22.8M | $16.9M | $18.4M | $7.8M |
| Sales, general & admin | $24.6M | $24.5M | $30.7M | $26.3M | $27.5M | $27.5M | $28.4M | $28.9M | $28.3M | $26.2M | $25.0M | $29.1M |
| Total operating expenses | $35.3M | $24.5M | $30.7M | $26.3M | $27.5M | $27.5M | $36.5M | $28.9M | $28.3M | $26.2M | $25.0M | $29.1M |
| Operating income | −$5.1M | −$3.5M | −$10.5M | −$13.3M | −$8.7M | −$61.4M | −$12.9M | −$8.5M | −$5.6M | −$9.3M | −$6.6M | −$21.4M |
| Interest income | $1.6M | $1.4M | $2.5M | $2.9M | $3.1M | $2.9M | $3.2M | $3.6M | $3.6M | $3.6M | $3.1M | $2.6M |
| Interest expense | $5.5M | $5.7M | $29.6M | $7.8M | $7.7M | $7.5M | $8.1M | $8.4M | $7.9M | $7.8M | $10.3M | $3.9M |
| Income before taxes | −$14.9M | −$12.5M | −$43.2M | −$23.9M | −$20.3M | −$138.0M | −$28.2M | −$18.3M | −$15.7M | −$18.8M | −$19.1M | −$26.0M |
| Income taxes | $128,000 | $18,000 | −$35,000 | $75,000 | $72,000 | −$2.9M | $2.1M | $50,000 | $758,000 | −$178,000 | −$257,000 | −$47,000 |
| Net income | −$14.9M | −$12.4M | −$43.0M | −$23.8M | −$20.2M | −$135.0M | −$30.2M | −$18.2M | −$16.3M | −$18.4M | −$18.7M | −$25.8M |
| EBITDA | $1.3M | $4.2M | −$1.9M | −$1.5M | −$2.6M | −$68.2M | −$9.1M | $1.4M | $3.5M | $150,000 | $1.9M | −$8.7M |
| EPS (diluted) | −$0.07 | −$0.01 | −$0.20 | −$0.11 | −$0.01 | $0.01 | $0.02 | $0.02 | $0.01 | −$0.01 | $0.01 | −$0.04 |
| Gross margin | 28.3% | 18.0% | 17.9% | 12.2% | 18.2% | −32.5% | 21.6% | 19.4% | 23.2% | 16.3% | 17.2% | 8.1% |
| Operating margin | −4.8% | −3.0% | −9.3% | −12.5% | −8.4% | −58.9% | −11.8% | −8.1% | −5.7% | −9.0% | −6.1% | −22.4% |
| Net margin | −14.0% | −10.6% | −38.2% | −22.4% | −19.6% | −129.4% | −27.6% | −17.3% | −16.6% | −17.8% | −17.5% | −27.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CLNE's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CLNE financial results
In fiscal year 2025 (ended December 31, 2025), Clean Energy Fuels reported revenue of $426.5 million, up 2.6% from the year before. It had a net loss of $222.0 million, a net profit margin of −52.1%. Diluted earnings per share came to −$0.30. Over five years revenue grew at an average rate of 7.9% a year.
See the CLNE stock overview for the latest quote and news, or the CLNE chart for price history and technical indicators.
CLNE income statement FAQ
What is Clean Energy Fuels's annual revenue?
Clean Energy Fuels reported total revenue of $426.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 2.6% from $415.9 million the previous year.
Is Clean Energy Fuels profitable?
No. Clean Energy Fuels reported a net loss of $222.0 million in fiscal 2025, a net profit margin of −52.1%; its operating margin was −22.0%.
What is Clean Energy Fuels's gross margin?
Clean Energy Fuels's gross margin was 4.2% in fiscal 2025: for every $100 of revenue, Clean Energy Fuels kept $4 after the direct cost of its products and services.
How fast is Clean Energy Fuels growing?
Revenue grew 7.9% a year on average over the last five fiscal years, from $291.7 million to $426.5 million.
What are Clean Energy Fuels's earnings per share?
Clean Energy Fuels earned $-0.30 per diluted share in fiscal 2025, compared with $0.04 a year earlier.
When will Clean Energy Fuels report its next earnings?
Clean Energy Fuels is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Clean Energy Fuels's fiscal year end?
Clean Energy Fuels's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.