NASDAQ : GEVO
Gevo, Inc. — Financial statements
Materials · Specialty Chemicals · United States
Last price 1.21 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 289.70M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Gevo, Inc. (GEVO) reported revenue of 177.51M 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 | 177.51M | 160.58M | 16.91M | 17.20M | 1.18M | 533.00K |
| Revenue | 177.51M | 160.58M | 16.91M | 17.20M | 1.18M | 533.00K |
| Cost of Revenue | 98.23M | 98.37M | 33.13M | 30.76M | 23.36M | 18.27M |
| Gross Profit | 79.28M | 62.21M | -16.22M | -13.56M | -22.18M | -17.73M |
| Selling, General & Admin | 58.43M | 51.20M | 45.80M | 42.63M | 39.94M | 25.49M |
| Research & Development | 4.50M | 4.55M | 5.58M | 6.64M | 7.43M | 6.78M |
| Operating Expenses | 128.85M | 81.07M | 69.67M | 68.27M | 55.26M | 37.40M |
| Operating Income | -49.57M | -18.86M | -85.89M | -81.83M | -77.44M | -55.13M |
| Interest Expense | -20.72M | -17.56M | -3.88M | -2.16M | -1.17M | -251.00K |
| Interest & Investment Income | 5.46M | 7.81M | 19.14M | 19.09M | 4.80M | 571.00K |
| Other Non Operating Income (Expenses) | -3.16M | -2.67M | -3.08M | 291.00K | 2.37M | 104.00K |
| EBT Excluding Unusual Items | -67.99M | -31.28M | -73.71M | -64.61M | -71.44M | -54.71M |
| Merger & Restructuring Charges | -4.44M | -4.93M | ||||
| Gain (Loss) on Sale of Investments | -1.32M | |||||
| Gain (Loss) on Sale of Assets | 2.88M | 3.09M | -499.00K | -5.14M | ||
| Asset Writedown | -135.79M | -24.75M | ||||
| Other Unusual Items | -10.30M | -1.60M | 641.00K | |||
| Pretax Income | -211.20M | -32.63M | -78.64M | -66.22M | -98.01M | -59.20M |
| Earnings From Continuing Operations | -211.20M | -32.63M | -78.64M | -66.22M | -98.01M | -59.20M |
| Minority Interest in Earnings | -1.69M | -1.21M | ||||
| Net Income | -212.89M | -33.84M | -78.64M | -66.22M | -98.01M | -59.20M |
| Net Income to Common | -212.89M | -33.84M | -78.64M | -66.22M | -98.01M | -59.20M |
| Shares Outstanding (Basic) | 236.48M | 234.01M | 231.67M | 238.69M | 221.54M | 195.79M |
| Shares Outstanding (Diluted) | 236.48M | 234.01M | 231.67M | 238.69M | 221.54M | 195.79M |
| EPS (Basic) | -0.90 | -0.14 | -0.34 | -0.28 | -0.44 | -0.30 |
| EPS (Diluted) | -0.91 | -0.14 | -0.34 | -0.28 | -0.44 | -0.30 |
| Free Cash Flow | -56.65M | -43.51M | -108.47M | -108.17M | -128.39M | -105.04M |
| Free Cash Flow Per Share | -0.24 | -0.19 | -0.47 | -0.45 | -0.58 | -0.54 |
| Gross Margin | 44.66% | 38.74% | -95.89% | -78.86% | ||
| Operating Margin | -27.92% | -11.75% | -507.79% | -475.79% | -6,590.47% | -10,343.53% |
| Profit Margin | -119.93% | -21.07% | -464.91% | -384.97% | -8,341.02% | -11,107.51% |
| Free Cash Flow Margin | -31.91% | -27.10% | -641.25% | -628.92% | -10,926.64% | -19,707.51% |
| EBITDA | -23.43M | 6.46M | -67.68M | -62.83M | -69.55M | -50.00M |
| EBITDA Margin | -13.20% | 4.02% | ||||
| D&A For EBITDA | 26.13M | 25.32M | 18.21M | 19.01M | 7.89M | 5.13M |
| EBIT | -49.57M | -18.86M | -85.89M | -81.83M | -77.44M | -55.13M |
| EBIT Margin | -27.92% | -11.75% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 58.15M | 81.16M | 189.39M | 298.35M | 237.12M | 40.83M |
| Short-Term Investments | 167.41M | 275.34M | ||||
| Cash & Short-Term Investments | 58.15M | 81.16M | 189.39M | 298.35M | 404.53M | 316.17M |
| Accounts Receivable | 11.97M | 8.39M | 2.41M | 2.62M | 476.00K | 978.00K |
| Other Receivables | 4.55M | 986.00K | 730.00K | 1.33M | 514.00K | 1.53M |
| Receivables | 16.52M | 9.38M | 3.14M | 3.95M | 990.00K | 2.51M |
| Inventory | 19.30M | 19.08M | 4.50M | 3.81M | 6.35M | 2.75M |
| Prepaid Expenses | 3.20M | 3.37M | 2.62M | 1.67M | 2.01M | 2.08M |
| Restricted Cash | 28.77M | 1.49M | 77.25M | 1.03M | 25.03M | |
| Other Current Assets | 4.43M | 1.65M | 2.57M | 1.36M | 512.00K | |
| Total Current Assets | 101.60M | 143.40M | 203.71M | 386.38M | 415.42M | 348.54M |
| Property, Plant & Equipment | 241.46M | 355.97M | 224.58M | 213.10M | 186.72M | 140.39M |
| Long-Term Investments | 1.50M | 1.50M | 1.50M | 1.50M | 1.50M | 65.90M |
| Goodwill | 43.56M | 43.56M | 3.74M | |||
| Other Intangible Assets | 71.59M | 95.00M | 8.13M | 6.52M | 7.69M | 8.94M |
| Long-Term Deferred Charges | 467.00K | 1.91M | 1.97M | |||
| Other Long-Term Assets | 30.54M | 77.59M | 140.30M | 42.82M | 89.41M | 81.61M |
| Total Assets | 490.71M | 718.93M | 583.94M | 650.32M | 700.75M | 645.38M |
| Accounts Payable | 7.86M | 1.08M | 539.00K | 2.72M | 5.01M | 4.83M |
| Accrued Expenses | 25.53M | 35.42M | 21.47M | 20.03M | 19.75M | 23.32M |
| Current Portion of Long-Term Debt | 21.00K | 68.10M | 159.00K | 158.00K | ||
| Current Portion of Leases | 909.00K | 962.00K | 2.33M | 577.00K | 517.00K | 783.00K |
| Other Current Liabilities | 3.34M | 41.12M | ||||
| Total Current Liabilities | 37.64M | 78.58M | 24.36M | 91.43M | 25.44M | 29.09M |
| Long-Term Debt | 167.24M | 164.75M | 67.11M | 21.00K | 67.38M | 66.80M |
| Long-Term Leases | 2.55M | 1.81M | 1.15M | 1.49M | 1.63M | 2.14M |
| Other Long-Term Liabilities | 2.33M | 2.62M | 1.83M | 820.00K | 87.00K | |
| Total Liabilities | 209.76M | 247.76M | 94.45M | 92.93M | 95.27M | 98.13M |
| Common Stock | 2.47M | 2.42M | 2.39M | 2.40M | 2.37M | 2.02M |
| Additional Paid-In Capital | 1.30B | 1.30B | 1.29B | 1.28B | 1.26B | 1.10B |
| Retained Earnings | -1.03B | -834.15M | -800.24M | -721.60M | -655.38M | -557.38M |
| Comprehensive Income & Other | -1.04M | -614.00K | ||||
| Total Common Equity | 273.16M | 466.34M | 489.49M | 557.39M | 605.48M | 547.25M |
| Minority Interest | 7.79M | 4.83M | ||||
| Shareholders' Equity | 280.95M | 471.17M | 489.49M | 557.39M | 605.48M | 547.25M |
| Total Liabilities & Equity | 490.71M | 718.93M | 583.94M | 650.32M | 700.75M | 645.38M |
| Total Debt | 170.70M | 167.52M | 70.62M | 70.18M | 69.69M | 69.89M |
| Net Cash (Debt) | -112.55M | -86.36M | 118.77M | 228.17M | 334.84M | 310.68M |
| Net Cash Per Share | -0.48 | -0.37 | 0.51 | 0.96 | 1.51 | 1.59 |
| Filing Date Shares Outstanding | 239.42M | 236.56M | 232.02M | 234.34M | 231.91M | 195.11M |
| Total Common Shares Outstanding | 239.42M | 236.20M | 231.59M | 234.34M | 231.91M | 195.11M |
| Working Capital | 63.96M | 64.82M | 179.35M | 294.96M | 389.99M | 319.45M |
| Book Value Per Share | 1.14 | 1.97 | 2.11 | 2.38 | 2.61 | 2.80 |
| Tangible Book Value | 158.01M | 327.78M | 477.62M | 550.87M | 597.79M | 538.32M |
| Tangible Book Value Per Share | 0.66 | 1.39 | 2.06 | 2.35 | 2.58 | 2.76 |
| Land | 12.23M | 12.23M | 6.59M | 6.50M | 6.45M | 410.00K |
| Machinery | 146.73M | 143.28M | 82.42M | 98.08M | 90.22M | 27.92M |
| Construction In Progress | 72.71M | 186.64M | 154.27M | 114.33M | 81.02M | 87.59M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -212.89M | -33.84M | -78.64M | -66.22M | -98.01M | -59.20M |
| Depreciation & Amortization | 28.15M | 27.34M | 18.21M | 19.01M | 7.89M | 5.13M |
| Other Amortization | 1.95M | 1.95M | 87.00K | |||
| Loss (Gain) From Sale of Assets | -2.88M | -3.09M | 499.00K | 5.14M | ||
| Asset Writedown & Restructuring Costs | 135.79M | 24.75M | ||||
| Loss (Gain) From Sale of Investments | -102.00K | 2.72M | 5.03M | |||
| Stock-Based Compensation | 9.73M | 9.21M | 14.73M | 17.09M | 17.42M | 9.87M |
| Other Operating Activities | -10.79M | -49.74M | 2.50M | 908.00K | 877.00K | -552.00K |
| Change in Accounts Receivable | -955.00K | -1.01M | 417.00K | -2.15M | 502.00K | -257.00K |
| Change in Inventory | -3.77M | -4.06M | -706.00K | 670.00K | -2.00M | -259.00K |
| Change in Accounts Payable | -12.58M | 5.28M | 5.07M | 2.69M | 3.63M | -271.00K |
| Change in Other Net Operating Assets | 3.42M | -6.56M | -19.05M | -25.62M | -2.59M | -12.90M |
| Operating Cash Flow | -16.25M | -13.40M | -57.38M | -53.72M | -44.31M | -48.27M |
| Capital Expenditures | -40.41M | -30.11M | -51.09M | -54.45M | -84.08M | -56.77M |
| Sale of Property, Plant & Equipment | 2.00M | 2.00M | 34.00K | |||
| Cash Acquisitions | -198.46M | -6.07M | ||||
| Sale (Purchase) of Intangibles | -10.00K | -9.17M | ||||
| Investment in Securities | 168.55M | 169.18M | -345.42M | |||
| Other Investing Activities | -250.00K | 5.34M | ||||
| Investing Cash Flow | -38.66M | -226.57M | -51.82M | 114.13M | 85.09M | -411.36M |
| Long-Term Debt Issued | 145.00M | 68.16M | 69.00M | |||
| Long-Term Debt Repaid | -41.79M | -69.19M | -189.00K | -162.00K | -169.00K | |
| Net Debt Issued (Repaid) | 643.00K | 103.21M | -1.04M | -189.00K | -162.00K | 68.83M |
| Issuance of Common Stock | 868.00K | 798.00K | 49.00K | 150.00M | 490.49M | |
| Repurchase of Common Stock | -596.00K | -4.71M | -286.00K | -7.04M | ||
| Other Financing Activities | -14.77M | -6.13M | -1.67M | -10.99M | -34.95M | |
| Financing Cash Flow | -13.85M | 97.88M | -7.36M | -189.00K | 138.56M | 517.32M |
| Net Cash Flow | -68.75M | -142.09M | -116.56M | 60.22M | 179.34M | 57.70M |
| Free Cash Flow | -56.65M | -43.51M | -108.47M | -108.17M | -128.39M | -105.04M |
| Free Cash Flow Margin | -31.91% | -27.10% | -641.25% | -628.92% | -10,926.64% | -19,707.51% |
| Free Cash Flow Per Share | -0.24 | -0.19 | -0.47 | -0.45 | -0.58 | -0.54 |
| Levered Free Cash Flow | 18.51M | -6.68M | -1.20M | -150.01M | -89.82M | -88.78M |
| Unlevered Free Cash Flow | 29.51M | 2.35M | 1.23M | -148.66M | -89.09M | -88.62M |
| Cash Interest Paid | 21.35M | 12.56M | 1.62M | 1.03M | 522.00K | |
| Change in Working Capital | 34.70M | 34.76M | -14.27M | -24.40M | -458.00K | -13.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 299.28M | 471.73M | 483.18M | 271.88M | 440.52M | 834.89M |
| Enterprise Value | 411.83M | 572.84M | 330.79M | 18.47M | 105.97M | 523.33M |
| Last Close Price | 1.25 | 2.00 | 2.09 | 1.16 | 1.90 | 4.28 |
| PS Ratio | 1.69 | 2.94 | 28.57 | 15.81 | 374.91 | 1,566.40 |
| PB Ratio | 1.10 | 1.00 | 0.99 | 0.49 | 0.73 | 1.53 |
| P/TBV Ratio | 1.89 | 1.44 | 1.01 | 0.49 | 0.74 | 1.55 |
| EV/Sales Ratio | 2.32 | 3.57 | 19.56 | 1.07 | 90.19 | 981.87 |
| EV/EBITDA Ratio | 88.70 | |||||
| Debt / Equity Ratio | 0.61 | 0.36 | 0.14 | 0.13 | 0.12 | 0.13 |
| Debt / EBITDA Ratio | 23.79 | |||||
| Net Debt / Equity Ratio | 0.40 | 0.18 | -0.24 | -0.41 | -0.55 | -0.57 |
| Net Debt / EBITDA Ratio | -4.80 | 13.37 | 1.75 | 3.63 | 4.81 | 6.21 |
| Net Debt / FCF Ratio | -1.99 | -1.99 | 1.09 | 2.11 | 2.61 | 2.96 |
| Asset Turnover | 0.30 | 0.25 | 0.03 | 0.03 | 0.00 | 0.00 |
| Inventory Turnover | 5.42 | 8.34 | 7.97 | 6.06 | 5.13 | 6.97 |
| Quick Ratio | 1.98 | 1.15 | 7.90 | 3.31 | 15.94 | 10.96 |
| Current Ratio | 2.70 | 1.82 | 8.36 | 4.23 | 16.33 | 11.98 |
| Return on Equity (ROE) | -55.53% | -6.79% | -15.02% | -11.39% | -17.00% | -17.07% |
| Return on Assets (ROA) | -5.19% | -1.81% | -8.70% | -7.57% | -7.19% | -8.64% |
| Return on Capital Employed (ROCE) | -10.90% | -2.90% | -15.30% | -14.60% | -11.50% | -8.90% |
| Earnings Yield | -72.62% | -7.17% | -16.28% | -24.35% | -22.25% | -7.09% |
| FCF Yield | -18.93% | -9.22% | -22.45% | -39.79% | -29.14% | -12.58% |
| Buyback Yield / Dilution | -3.74% | -1.01% | 2.94% | -7.74% | -13.15% | -244.21% |