Aemetis, Inc income statement
In fiscal 2025, Aemetis, Inc reported revenue of $198m, down 26.2% on the year before, operating income of −$37.2m (a -18.8% margin) and net income of −$77.0m, or −$1.28 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 142 | 189 | 178 | 208 | 147 | 143 | 150 | 172 | 202 | 166 | 212 | 257 | 187 | 268 | 198 | 220 |
| Cost of revenue | 8 | 137 | 198 | 159 | 171 | 142 | 132 | 147 | 166 | 189 | 155 | 204 | 262 | 185 | 268 | 209 | 206 |
| Gross profit | −0 | 5 | −9 | 18 | 37 | 4 | 12 | 3 | 5 | 13 | 11 | 8 | −6 | 2 | −1 | −1 | 24 |
| Research and development | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Selling, general and administrative | 5 | 9 | 12 | 15 | 13 | 12 | 12 | 13 | 16 | 17 | 17 | 24 | 29 | 39 | 40 | 36 | 35 |
| Operating income | −5 | −5 | −21 | 2 | 24 | −9 | −1 | −12 | −11 | −5 | −6 | −16 | −34 | −37 | −40 | −37 | −12 |
| Interest expense | 4 | 14 | 18 | 12 | 10 | 10 | 17 | 19 | 26 | 21 | 23 | 24 | 29 | 40 | 47 | 53 | 55 |
| Income before tax | −9 | −18 | −5 | −24 | 7 | −27 | −16 | −32 | −36 | 0 | 0 | −47 | −107 | −100 | −98 | −96 | −72 |
| Income tax | 0 | −0 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | −1 | −0 | 1 | −54 | −11 | −19 | −12 |
| Net income | −9 | −18 | −4 | −24 | 7 | −27 | −16 | −32 | −36 | −39 | −37 | −47 | −108 | −46 | −88 | −77 | −60 |
| Diluted EPS | −$0.10 | −$0.18 | −$0.28 | −$1.28 | $0.34 | −$1.37 | −$0.79 | −$1.53 | −$1.63 | −$1.75 | −$1.74 | −$1.54 | −$3.12 | −$1.22 | −$1.91 | −$1.28 | −$0.90 |
| Diluted shares (average) | 87m | 104m | — | — | 21m | 20m | 20m | 20m | 20m | 20m | 21m | 31m | 35m | 38m | 46m | 60m | 67m |
| EBITDA | −4 | −3 | −18 | 7 | 29 | −4 | 4 | −8 | −6 | −1 | −1 | −10 | −29 | −30 | −32 | −28 | −2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 47 | 43 | 52 | 59 | 43 | 55 | 63 |
| Cost of revenue | 78 | 49 | 48 | 56 | 59 | 46 | 52 | 49 |
| Gross profit | 4 | −2 | −5 | −3 | −0 | 8 | 3 | 14 |
| Selling, general and administrative | 8 | 11 | 10 | 7 | 8 | 10 | 9 | 8 |
| Operating income | −4 | −13 | −16 | −11 | −9 | −2 | −6 | 6 |
| Interest expense | 12 | 13 | 14 | 12 | 13 | 14 | 14 | 14 |
| Income before tax | −18 | −29 | −31 | −24 | −24 | −17 | −22 | −9 |
| Income tax | 0 | −12 | −7 | −1 | 0 | −11 | −0 | 0 |
| Net income | −18 | −16 | −25 | −23 | −24 | −5 | −22 | −9 |
| Diluted EPS | −$0.38 | −$0.31 | −$0.47 | −$0.41 | −$0.37 | −$0.04 | −$0.33 | −$0.13 |
| EBITDA | −2 | −11 | −13 | −8 | −6 | 0 | −4 | 8 |
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