Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
XCF Global, Inc.SAFX · chemicals
GradeNonecomputable_factors_below_threshold: 3 of 14 inputs computable; 7 are required
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $419.5M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsshort runway, late filer, thin datanot computable: dilution, distress
Inputs computable3 of 14
Graded fromfilings received through Apr 28, 2026164 days before the rescan; every figure keyed to the SEC receipt date
Last close$0.322026-10-08; market equity $131.2M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$0.5$1NovDecJanFebMarAprMayJunJulAugSepOct$0.32
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Apr 21, 2026nonen/aQ3

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 31, 2026; the document on sec.gov.

description contains certain forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from the results discussed in the forward-looking statements as a result of certain of the risks set forth herein. We assume no obligation otherwise stated herein or unless the context otherwise requires, the terms “we,” “us,” “our,” “XCF,” and the “Company” refer to XCF Global, Inc.

Warnings [top]

Short runway. cash runway is 0.2 months[3]
Late filer. found 3 NT 10-K/Q filings in the last eight quarters
Thin data. 3 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 97.8
Gross profitability(0.9%)[1,4]21.3%97.83592025-12-31
Return on invested capitalnot computable9.5%
one or more required annual facts are missing
Accruals rationot computable(4.2%)
a prior annual assets observation is required
Gross margin stability, five yearsnot computable2.2 pts
five annual gross margins are required; found 1
Solvency, sleeve percentile 92.7
Twelve-month failure probabilitynot computable0.05%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime(4.58)[1,5-10]3.4186.33012025-12-31
Net debt to EBITDAnot computable1.88x
one or more required annual facts are missing
Interest coveragenot computable4.16x
one or more required annual facts are missing
Current ratio0.11x[5-6]2.20x99.14232025-12-31
Growth and financing
Revenue growth, three-year compoundnot computable1.2%
four annual observations are required; found 1
Free cash flow growth, three-year compoundnot computable12.6%
four consecutive annual FCF observations are required; found 0
Reinvestment ratenot computable24.3%
one or more required annual facts are missing
Asset growth, three yearsnot computable2.9%
four annual observations are required; found 1
Net share issuance, one yearnot computable0.0%
prior share count is 22 days earlier

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 331 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(72.9%)13.8%2hotter than 2 of 100 peers
Distance from 52-week high(73.8%)(24.2%)4closer to its high than 4 of 100 peers
EBIT to enterprise value(26.7%)3.9%4pricier than 96 of 100 peers
Free cash flow yieldnot computable3.2%required accounting or market input is missing
Book value to price0.280.3939pricier than 61 of 100 peers
Sales to price0.160.579pricier than 91 of 100 peers
Composite equity issuance, five yearsnot computable(9.9%)a share count from five years earlier is required
Relative strength against the sector, log excess return(1.47)(0.02)2ahead of 2 of 100 peers

Inputs: market equity $131.3M; EBIT -$67.9M; book equity $37.3M; sales $20.8M; debt $123.3M; cash $329,084[11].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zeron/a
Operating cash flow above zero-$17.9M✗ fail[12]
Return on assets improvedn/a[13]
Operating cash flow exceeds net income-$91.9M✗ fail[12-13]
Long-term leverage felln/a[1,14]
Current ratio improvedn/a[5-6]
No new shares issuedn/a[15-16]
Gross margin improvedn/a[2,4]
Asset turnover improvedn/a[2]
Cash, filings, liquidity
Cash and equivalents$329,084[3]
Operating cash flow, four quarters-$20.0M[3,12,17-20]
Months of runway0.2
Late filings, two years3
NT 10-K or NT 10-Q
Days since last periodic filing53
10-Q received Aug 17, 2026
Median daily dollar volume$1.0M
63 sessions
Days since newest grade input164

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$419.5M2025-12-312026-03-3110-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$20.8M2025-12-312026-03-3110-Kfiling · viewer · series
3cashus-gaap:CashAndCashEquivalentsAtCarryingValue$329,0842026-06-302026-08-1710-Qfiling · viewer · series
4gross profitus-gaap:GrossProfit-$3.8M2025-12-312026-03-3110-Kfiling · viewer · series
5current assetsus-gaap:AssetsCurrent$27.6M2025-12-312026-03-3110-Kfiling · viewer · series
6current liabilitiesus-gaap:LiabilitiesCurrent$249.0M2025-12-312026-03-3110-Kfiling · viewer · series
7retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$16.7M2025-12-312026-03-3110-Kfiling · viewer · series
8operating incomeus-gaap:OperatingIncomeLoss-$67.9M2025-12-312026-03-3110-Kfiling · viewer · series
9book equityus-gaap:StockholdersEquity$37.7M2025-12-312026-03-3110-Kfiling · viewer · series
10liabilitiesus-gaap:Liabilities$381.8M2025-12-312026-03-3110-Kfiling · viewer · series
11shares outstandingdei:EntityCommonStockSharesOutstanding410,816,8962026-08-142026-08-1710-Qfiling · viewer · series
12operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$17.9M2025-12-312026-03-3110-Kfiling · viewer · series
13net incomeus-gaap:NetIncomeLoss$74.0M2025-12-312026-03-3110-Kfiling · viewer · series
14long term debtus-gaap:LongTermDebt$124.0M2025-12-312026-03-3110-Kfiling · viewer · series
15shares outstandingdei:EntityCommonStockSharesOutstanding295,751,3082026-04-162026-04-2810-K/Afiling · viewer · series
16shares outstandingdei:EntityCommonStockSharesOutstanding275,448,6882026-03-252026-03-3110-Kfiling · viewer · series
17operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$10.7M2026-06-302026-08-1710-Qfiling · viewer · series
18operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.3M2026-03-312026-05-1510-Qfiling · viewer · series
19operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$13.8M2025-09-302025-11-1410-Qfiling · viewer · series
20operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$8.5M2025-06-302026-08-1710-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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GitHub · ezrakruger.cc
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Updated Oct 9, 2026