Gevo, Inc. income statement
In fiscal 2025, Gevo, Inc. reported revenue of $161m, up 849.3% on the year before, operating income of −$20.2m (a -12.6% margin) and net income of −$33.8m, or −$0.14 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 | 2009Dec 2009 | 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 | 1 | 16 | 65 | 24 | 8 | 28 | 30 | 27 | 28 | 33 | 24 | 6 | 1 | 1 | 17 | 17 | 161 | 178 |
| Cost of revenue | — | — | — | — | — | — | — | 37 | 38 | 42 | 37 | 15 | — | — | — | — | — | — |
| Gross profit | 1 | 3 | 4 | −8 | −10 | −7 | −9 | −10 | −11 | −9 | −12 | −9 | −11 | — | — | — | — | — |
| Research and development | 11 | 15 | 20 | 19 | 20 | 14 | 7 | 5 | 5 | 5 | 4 | 4 | 7 | 7 | 7 | 6 | 5 | 5 |
| Selling, general and administrative | 9 | 24 | 29 | 44 | 26 | 18 | 17 | 9 | 7 | 8 | 10 | 11 | 25 | — | — | — | — | — |
| General and administrative | — | — | — | — | — | — | — | — | — | — | — | — | — | 40 | 43 | 46 | 51 | 58 |
| Operating income | — | −36 | −45 | −71 | −56 | −40 | −32 | −24 | −23 | −22 | −26 | −27 | −60 | −103 | −82 | −91 | −20 | −182 |
| Interest expense | 1 | 2 | 4 | 6 | 9 | 8 | 8 | 8 | 3 | 3 | 3 | 2 | 0 | 1 | 2 | 4 | 18 | 21 |
| Income tax | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | — | — | — | — | — | — |
| Net income | −20 | −40 | −48 | −61 | −67 | −41 | −36 | −37 | −25 | −28 | −29 | −40 | −59 | −98 | −66 | −79 | −34 | −213 |
| Diluted EPS | −$0.23 | −$140.40 | −$161.25 | −$0.47 | −$111.15 | −$38.34 | −$12.90 | −$48.38 | −$30.23 | −$5.74 | −$2.35 | −$0.71 | −$0.30 | −$0.44 | −$0.28 | −$0.34 | −$0.14 | −$0.90 |
| Diluted shares (average) | — | — | — | — | — | 1m | 3m | — | — | 5m | 12m | 57m | 196m | 222m | 239m | 232m | 234m | 235m |
| EBITDA | — | −32 | −40 | −68 | −52 | −35 | −25 | −17 | −17 | −16 | −20 | −21 | −55 | −95 | −63 | −73 | 5 | −156 |
| 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 | 2 | 6 | 29 | 43 | 43 | 45 | 43 | 47 |
| Gross profit | — | — | — | 19 | — | — | — | 20 |
| Research and development | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| General and administrative | 12 | 10 | 11 | 11 | 12 | 18 | 16 | 13 |
| Operating income | −24 | −20 | −20 | 6 | −4 | −2 | −5 | −172 |
| Interest expense | 1 | 1 | 3 | 4 | 5 | 5 | 5 | 6 |
| Income tax | 0 | — | 0 | 0 | 0 | — | 0 | 0 |
| Net income | −21 | −18 | −22 | 2 | −8 | −6 | −22 | −177 |
| Diluted EPS | −$0.09 | −$0.09 | −$0.09 | $0.01 | −$0.03 | −$0.02 | −$0.09 | −$0.75 |
| EBITDA | −21 | −14 | −15 | 13 | 4 | 3 | 2 | −165 |
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