NASDAQ : AMTX
Aemetis, Inc. — Financial statements
Materials · Specialty Chemicals · United States
Last price 1.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 90.21M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Aemetis, Inc. (AMTX) reported revenue of 230.17M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 219.82M | 197.63M | 267.64M | 186.72M | 256.51M | 211.95M |
| Other Revenue | 10.36M | 10.36M | ||||
| Revenue | 230.17M | 207.98M | 267.64M | 186.72M | 256.51M | 211.95M |
| Cost of Revenue | 206.23M | 208.75M | 268.22M | 184.70M | 262.05M | 204.01M |
| Gross Profit | 23.94M | -768.00K | -580.00K | 2.02M | -5.54M | 7.94M |
| Selling, General & Admin | 35.49M | 36.45M | 39.84M | 39.42M | 28.69M | 23.68M |
| Research & Development | 180.00K | 88.00K | ||||
| Operating Expenses | 35.49M | 36.45M | 39.84M | 39.42M | 28.87M | 23.76M |
| Operating Income | -11.55M | -37.22M | -40.42M | -37.40M | -34.40M | -15.82M |
| Interest Expense | -61.97M | -61.14M | -59.32M | -64.83M | -38.66M | -31.77M |
| Other Non Operating Income (Expenses) | 1.79M | 2.61M | 1.37M | 2.08M | 140.00K | -809.00K |
| EBT Excluding Unusual Items | -71.72M | -95.75M | -98.37M | -100.16M | -72.92M | -48.41M |
| Legal Settlements | 1.40M | |||||
| Other Unusual Items | -35.19M | 1.13M | ||||
| Pretax Income | -71.72M | -95.75M | -98.37M | -100.16M | -106.70M | -47.27M |
| Income Tax Expense | -11.57M | -18.75M | -10.83M | -53.74M | 1.05M | -128.00K |
| Earnings From Continuing Operations | -60.16M | -77.00M | -87.54M | -46.42M | -107.76M | -47.15M |
| Net Income | -60.16M | -77.00M | -87.54M | -46.42M | -107.76M | -47.15M |
| Net Income to Common | -60.16M | -77.00M | -87.54M | -46.42M | -107.76M | -47.15M |
| Shares Outstanding (Basic) | 66.84M | 59.98M | 45.90M | 38.06M | 34.59M | 30.68M |
| Shares Outstanding (Diluted) | 66.84M | 59.98M | 45.90M | 38.06M | 34.59M | 30.68M |
| EPS (Basic) | -0.90 | -1.28 | -1.91 | -1.22 | -3.12 | -1.54 |
| EPS (Diluted) | -0.90 | -1.28 | -1.91 | -1.22 | -3.12 | -1.54 |
| Free Cash Flow | -39.33M | -22.74M | -53.18M | -19.29M | -62.02M | -47.30M |
| Free Cash Flow Per Share | -0.59 | -0.38 | -1.16 | -0.51 | -1.79 | -1.54 |
| Gross Margin | 10.40% | -0.37% | -0.22% | 1.08% | -2.16% | 3.75% |
| Operating Margin | -5.02% | -17.89% | -15.10% | -20.03% | -13.41% | -7.47% |
| Profit Margin | -26.14% | -37.02% | -32.71% | -24.86% | -42.01% | -22.25% |
| Free Cash Flow Margin | -17.09% | -10.93% | -19.87% | -10.33% | -24.18% | -22.32% |
| EBITDA | -1.58M | -27.59M | -32.03M | -30.40M | -28.82M | -10.33M |
| EBITDA Margin | -0.69% | -13.27% | -11.97% | -16.28% | -11.24% | -4.87% |
| D&A For EBITDA | 9.97M | 9.62M | 8.39M | 7.00M | 5.58M | 5.49M |
| EBIT | -11.55M | -37.22M | -40.42M | -37.40M | -34.40M | -15.82M |
| EBIT Margin | -5.02% | -17.89% | -15.10% | -20.03% | -13.41% | -7.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 973.00K | 4.89M | 898.00K | 2.67M | 4.31M | 7.75M |
| Cash & Short-Term Investments | 973.00K | 4.89M | 898.00K | 2.67M | 4.31M | 7.75M |
| Accounts Receivable | 2.31M | 484.00K | 1.80M | 8.63M | 1.26M | 1.57M |
| Other Receivables | 12.17M | 12.30M | ||||
| Receivables | 14.48M | 484.00K | 14.11M | 8.63M | 1.26M | 1.57M |
| Inventory | 13.64M | 11.63M | 25.44M | 18.29M | 4.66M | 5.13M |
| Prepaid Expenses | 1.54M | 1.53M | 1.84M | 3.35M | 4.25M | 5.60M |
| Restricted Cash | 2.00K | 31.00K | 289.00K | 725.00K | ||
| Other Current Assets | 2.36M | 8.33M | 2.38M | 3.17M | 2.93M | 644.00K |
| Total Current Assets | 32.99M | 26.87M | 44.70M | 36.40M | 18.14M | 20.69M |
| Property, Plant & Equipment | 244.86M | 221.97M | 201.63M | 197.16M | 182.89M | 137.56M |
| Long-Term Deferred Tax Assets | 275.00K | |||||
| Other Long-Term Assets | 11.33M | 10.72M | 12.98M | 9.84M | 6.09M | 2.58M |
| Total Assets | 289.18M | 259.84M | 259.30M | 243.41M | 207.11M | 160.83M |
| Accounts Payable | 31.29M | 23.42M | 33.14M | 32.13M | 26.17M | 16.41M |
| Accrued Expenses | 6.83M | |||||
| Short-Term Debt | 50.76M | 38.73M | 26.79M | 23.44M | 36.75M | 14.59M |
| Current Portion of Long-Term Debt | 303.42M | 279.14M | 63.74M | 13.59M | 16.55M | 15.17M |
| Current Portion of Leases | 1.70M | 805.00K | 778.00K | 529.00K | 409.00K | 810.00K |
| Current Unearned Revenue | 1.70M | 1.70M | ||||
| Other Current Liabilities | 27.86M | 29.17M | 19.52M | 13.00M | 6.70M | 11.52M |
| Total Current Liabilities | 415.03M | 371.26M | 143.97M | 84.39M | 88.28M | 65.33M |
| Long-Term Debt | 191.91M | 190.81M | 374.12M | 370.88M | 313.02M | 210.97M |
| Long-Term Leases | 4.34M | 4.61M | 4.45M | 4.38M | 5.10M | 3.04M |
| Long-Term Deferred Tax Liabilities | 735.00K | 810.00K | ||||
| Other Long-Term Liabilities | 694.00K | 1.76M | 1.73M | |||
| Total Liabilities | 611.29M | 566.67M | 523.23M | 460.38M | 408.97M | 281.07M |
| Common Stock | 72.00K | 66.00K | 51.00K | 41.00K | 36.00K | 33.00K |
| Additional Paid-In Capital | 357.20M | 340.40M | 305.33M | 264.06M | 232.55M | 205.31M |
| Retained Earnings | -671.02M | -639.94M | -562.94M | -475.40M | -428.99M | -321.23M |
| Comprehensive Income & Other | -8.35M | -7.36M | -6.37M | -5.67M | -5.45M | -4.35M |
| Total Common Equity | -322.11M | -306.83M | -263.93M | -216.98M | -201.85M | -120.24M |
| Shareholders' Equity | -322.11M | -306.83M | -263.93M | -216.98M | -201.85M | -120.24M |
| Total Liabilities & Equity | 289.18M | 259.84M | 259.30M | 243.41M | 207.11M | 160.83M |
| Total Debt | 552.13M | 514.09M | 469.88M | 412.82M | 371.83M | 244.57M |
| Net Cash (Debt) | -551.16M | -509.19M | -468.98M | -410.15M | -367.52M | -236.82M |
| Net Cash Per Share | -8.25 | -8.49 | -10.22 | -10.78 | -10.63 | -7.72 |
| Filing Date Shares Outstanding | 72.17M | 66.63M | 53.32M | 42.61M | 36.65M | 33.83M |
| Total Common Shares Outstanding | 72.05M | 66.19M | 51.14M | 40.97M | 35.87M | 33.46M |
| Working Capital | -382.04M | -344.39M | -99.27M | -47.99M | -70.14M | -44.64M |
| Book Value Per Share | -4.47 | -4.64 | -5.16 | -5.30 | -5.63 | -3.59 |
| Tangible Book Value | -322.11M | -306.83M | -263.93M | -216.98M | -201.85M | -120.24M |
| Tangible Book Value Per Share | -4.47 | -4.64 | -5.16 | -5.30 | -5.63 | -3.59 |
| Land | 8.59M | 8.62M | 8.64M | 7.34M | 7.34M | 4.08M |
| Machinery | 208.52M | 208.94M | 191.13M | 153.57M | 116.16M | 103.74M |
| Construction In Progress | 84.06M | 57.04M | 46.20M | 73.06M | 88.99M | 55.86M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -60.16M | -77.00M | -87.54M | -46.42M | -107.76M | -47.15M |
| Depreciation & Amortization | 10.44M | 10.09M | 8.82M | 7.30M | 5.91M | 5.93M |
| Other Amortization | 5.26M | 6.71M | 6.46M | 6.52M | 7.36M | 3.92M |
| Loss (Gain) From Sale of Assets | 104.00K | -4.00K | 3.70M | 47.00K | ||
| Asset Writedown & Restructuring Costs | 43.00K | 43.00K | ||||
| Stock-Based Compensation | 5.11M | 5.97M | 8.31M | 7.66M | 6.41M | 3.93M |
| Provision & Write-off of Bad Debts | 748.00K | 385.00K | 144.00K | |||
| Other Operating Activities | 5.57M | 6.75M | 12.10M | 24.68M | 59.11M | 7.19M |
| Change in Accounts Receivable | -472.00K | 1.30M | 6.75M | -7.42M | 294.00K | 94.00K |
| Change in Inventory | -2.37M | 13.12M | -7.77M | -13.84M | 360.00K | -2.21M |
| Change in Accounts Payable | -602.00K | -7.53M | -1.29M | 13.73M | 2.18M | -5.20M |
| Change in Income Taxes | 12.30M | 12.30M | -12.30M | |||
| Change in Other Net Operating Assets | 32.73M | 31.13M | 29.81M | 21.62M | 3.21M | 12.70M |
| Operating Cash Flow | -3.60M | 3.26M | -32.93M | 13.82M | -22.87M | -20.65M |
| Capital Expenditures | -35.73M | -26.00M | -20.25M | -33.12M | -39.16M | -26.65M |
| Other Investing Activities | 1.44M | 411.00K | 6.11M | 9.43M | 7.85M | 3.76M |
| Investing Cash Flow | -34.29M | -25.59M | -14.15M | -23.69M | -31.31M | -22.89M |
| Long-Term Debt Issued | 44.93M | 19.46M | 75.48M | 69.36M | ||
| Long-Term Debt Repaid | -37.27M | -5.19M | -56.56M | -26.75M | -56.03M | |
| Net Debt Issued (Repaid) | 19.92M | 7.65M | 14.27M | 18.92M | 42.61M | -56.03M |
| Issuance of Common Stock | 23.86M | 28.33M | 31.79M | 21.85M | 12.19M | 104.89M |
| Other Financing Activities | -812.00K | -1.31M | -1.44M | -1.68M | -1.17M | -993.00K |
| Financing Cash Flow | 36.90M | 26.41M | 44.62M | 9.09M | 53.63M | 50.70M |
| Foreign Exchange Rate Adjustments | -77.00K | -26.00K | 12.00K | 49.00K | -213.00K | -4.00K |
| Net Cash Flow | -1.07M | 4.05M | -2.45M | -719.00K | -752.00K | 7.16M |
| Free Cash Flow | -39.33M | -22.74M | -53.18M | -19.29M | -62.02M | -47.30M |
| Free Cash Flow Margin | -17.09% | -10.93% | -19.87% | -10.33% | -24.18% | -22.32% |
| Free Cash Flow Per Share | -0.59 | -0.38 | -1.16 | -0.51 | -1.79 | -1.54 |
| Levered Free Cash Flow | -65.83M | -42.96M | -63.23M | -83.18M | -66.21M | -49.43M |
| Unlevered Free Cash Flow | -32.36M | -11.45M | -32.62M | -49.19M | -49.41M | -33.49M |
| Cash Interest Paid | 7.31M | 13.85M | 9.22M | 9.81M | 19.52M | 5.68M |
| Cash Income Tax Paid | 626.00K | 626.00K | 1.81M | 20.00K | 10.00K | 7.00K |
| Change in Working Capital | 29.29M | 50.32M | 15.21M | 14.08M | 6.05M | 5.39M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 83.00M | 91.14M | 133.79M | 207.01M | 138.77M | 408.98M |
| Enterprise Value | 634.15M | 575.52M | 584.80M | 636.78M | 480.26M | 641.87M |
| Last Close Price | 1.25 | 1.39 | 2.69 | 5.24 | 3.96 | 12.30 |
| Forward PE | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | |
| PS Ratio | 0.36 | 0.44 | 0.50 | 1.11 | 0.54 | 1.93 |
| PB Ratio | -0.30 | -0.51 | -0.95 | -0.69 | -3.40 | |
| P/OCF Ratio | 27.93 | 14.97 | ||||
| EV/Sales Ratio | 2.76 | 2.77 | 2.19 | 3.41 | 1.87 | 3.03 |
| Debt / Equity Ratio | -1.71 | -1.68 | -1.78 | -1.90 | -1.84 | -2.03 |
| Net Debt / Equity Ratio | -1.71 | -1.66 | -1.78 | -1.89 | -1.82 | -1.97 |
| Net Debt / EBITDA Ratio | -349.50 | -18.45 | -14.64 | -13.49 | -12.75 | -22.92 |
| Net Debt / FCF Ratio | -14.01 | -22.39 | -8.82 | -21.26 | -5.93 | -5.01 |
| Asset Turnover | 0.87 | 0.80 | 1.06 | 0.83 | 1.39 | 1.48 |
| Inventory Turnover | 15.86 | 11.26 | 12.27 | 16.10 | 53.57 | 44.86 |
| Quick Ratio | 0.04 | 0.01 | 0.10 | 0.13 | 0.06 | 0.14 |
| Current Ratio | 0.08 | 0.07 | 0.31 | 0.43 | 0.20 | 0.32 |
| Return on Assets (ROA) | -2.73% | -8.96% | -10.05% | -10.38% | -11.69% | -6.92% |
| Return on Capital Employed (ROCE) | 9.20% | 33.40% | -35.00% | -23.50% | -28.90% | -16.60% |
| Earnings Yield | -78.27% | -84.49% | -65.43% | -22.42% | -77.65% | -11.53% |
| FCF Yield | -47.39% | -24.95% | -39.75% | -9.32% | -44.69% | -11.56% |
| Buyback Yield / Dilution | -28.79% | -30.67% | -20.60% | -10.05% | -12.72% | -46.02% |