Vulcan Infrastructure & Power Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
VIP$0.97-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $3,197 | $19,572 |
| Digital assets | 6,027 | 6,477 |
| Accounts receivable | 315 | 1,954 |
| Prepaid expenses and current other assets | 2,000 | 1,542 |
| Emissions and carbon offset credits | 12,204 | 4,748 |
| Income tax receivable | 56 | 512 |
| Total current assets | 23,799 | 34,805 |
| LONG-TERM ASSETS: | ||
| Property and equipment, net | 12,011 | 15,694 |
| Other long-term assets | 2,558 | 2,156 |
| Long-term assets held for sale | 900 | 900 |
| Total assets | $39,268 | $53,555 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $3,255 | $1,950 |
| Accrued emissions expense | 15,150 | 15,256 |
| Accrued expenses | 2,429 | 3,310 |
| Current portion of long-term debt | 34,752 | 40,008 |
| Contract liabilities | 2,523 | 2,320 |
| Related party payables | 162 | 164 |
| Total current liabilities | 58,271 | 63,008 |
| LONG-TERM LIABILITIES: | ||
| Long-term debt, net of current portion | 4,729 | 3,078 |
| Environmental liabilities | 31,032 | 31,032 |
| Other long-term liabilities | 2,725 | 2,741 |
| Total liabilities | 96,757 | 99,859 |
| COMMITMENTS AND CONTINGENCIES (NOTE 10) | ||
| STOCKHOLDERS’ DEFICIT: | ||
| Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding | — | — |
| Common stock, par value $0.0001, 500,000,000 shares authorized, 18,019,743 and 15,801,997 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 2 | 2 |
| Additional paid-in capital | 341,441 | 338,145 |
| Accumulated deficit | (398,932) | (384,451) |
| Total stockholders’ deficit | (57,489) | (46,304) |
| Total liabilities and stockholders’ deficit | $39,268 | $53,555 |
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