Home / Going-concern warnings / XCF Global, Inc.
Filed 2026-03-31 路 Form 10-K 路 Accession 0001493152-26-014280 micro
Price before filing: $0.3867 (2026-03-30 close, split/dividend-adjusted)
Market cap at flag: $88.1M (2026-03-31) 路 Latest: $20.0M (2026-10-16)
| Window | SAFX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +3.4% | +13.7% | -10.3% | 2026-04-30 |
| 90 days | +7.6% | +17.6% | -10.0% | 2026-06-29 |
| 180 days | -3.9% | +21.8% | -25.6% | 2026-09-28 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $1.4M (17 sales)
30 days after: 1 insider sold $3.1M (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-08 | SOULE RANDY 10% owner | Sale | 200,000 | $0.17 | $34K | no | Form 4 |
| 2026-01-09 | SOULE RANDY 10% owner | Sale | 200,000 | $0.16 | $31K | no | Form 4 |
| 2026-01-09 | SOULE RANDY 10% owner | Sale | 200,000 | $0.16 | $32K | no | Form 4 |
| 2026-01-09 | SOULE RANDY 10% owner | Sale | 200,000 | $0.16 | $32K | no | Form 4 |
| 2026-01-12 | SOULE RANDY 10% owner | Sale | 73,000 | $0.15 | $11K | no | Form 4 |
| 2026-01-12 | SOULE RANDY 10% owner | Sale | 200,000 | $0.16 | $32K | no | Form 4 |
| 2026-01-12 | SOULE RANDY 10% owner | Sale | 200,000 | $0.16 | $32K | no | Form 4 |
| 2026-01-13 | SOULE RANDY 10% owner | Sale | 200,000 | $0.16 | $31K | no | Form 4 |
| 2026-01-13 | SOULE RANDY 10% owner | Sale | 200,000 | $0.16 | $32K | no | Form 4 |
| 2026-01-13 | SOULE RANDY 10% owner | Sale | 200,000 | $0.16 | $32K | no | Form 4 |
| 2026-01-13 | SOULE RANDY 10% owner | Sale | 200,000 | $0.17 | $34K | no | Form 4 |
| 2026-01-13 | SOULE RANDY 10% owner | Sale | 200,000 | $0.18 | $35K | no | Form 4 |
| 2026-01-14 | SOULE RANDY 10% owner | Sale | 161,363 | $0.15 | $25K | no | Form 4 |
| 2026-01-14 | SOULE RANDY 10% owner | Sale | 200,000 | $0.15 | $30K | no | Form 4 |
| 2026-01-14 | SOULE RANDY 10% owner | Sale | 200,000 | $0.15 | $30K | no | Form 4 |
| 2026-02-25 | SOULE RANDY 10% owner | Sale | 2,000,000 | $0.12 | $240K | no | Form 4 |
| 2026-03-12 | SOULE RANDY 10% owner | Sale | 1,261,830 | $0.52 | $656K | no | Form 4 |
| 2026-03-31: red flag filed | |||||||
| 2026-04-30 | SOULE RANDY 10% owner | Sale | 9,000,000 | $0.34 | $3.1M | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-31 to 2026-04-30. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"In addition, we have identified conditions that raise substantial doubt about our ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-K (period 2025-12-31)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.