AEMETIS, INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $197.6M | $267.6M | $186.7M | $256.5M | $211.9M |
| Cost of revenue | $208.7M | $268.2M | $184.7M | $262.0M | $204.0M |
| Gross profit | -$768,000 | -$580,000 | $2.0M | -$5.5M | $7.9M |
| Selling, general & administrative | $36.5M | $39.8M | $39.4M | $28.7M | $23.7M |
| Research and development | — | — | $152,000 | $180,000 | $88,000 |
| Operating income | -$37.2M | -$40.4M | -$37.4M | -$34.4M | -$15.8M |
| Interest expense | $52.9M | $46.6M | $39.5M | $28.8M | $24.1M |
| Pretax income | -$95.7M | -$98.4M | -$100.2M | -$106.7M | -$47.3M |
| Income tax expense | -$18.7M | -$10.8M | -$53.7M | $1.1M | -$128,000 |
| Net income | -$77.0M | -$87.5M | -$46.4M | -$107.8M | -$47.1M |
| Balance Sheet | |||||
| Cash and equivalents | $4.9M | $898,000 | $2.7M | $4.3M | $7.8M |
| Current assets | $26.9M | $44.7M | $36.4M | $18.1M | $20.7M |
| Total assets | $259.8M | $259.3M | $243.4M | $207.1M | $160.8M |
| Current liabilities | $371.3M | $144.0M | $84.4M | $88.3M | $65.3M |
| Total debt | $381.8M | $338.1M | $294.7M | $246.2M | $188.8M |
| Stockholders' equity | -$306.8M | -$263.9M | -$217.0M | -$201.9M | -$120.2M |
| Cash Flow Statement | |||||
| Cash from operations | $3.3M | -$32.9M | $13.8M | -$22.9M | -$20.6M |
| Depreciation and amortization | $9.6M | $8.3M | $6.9M | $5.5M | $5.4M |
| Stock-based compensation | $5.8M | $8.3M | $7.7M | $6.4M | $3.9M |
| Capital expenditure | $26.0M | $20.3M | $33.1M | $39.2M | $26.7M |
| Free cash flow | -$22.7M | -$53.2M | -$19.3M | -$62.0M | -$47.3M |
| Impairments | $0 | $0 | — | — | — |
Shares outstanding 70.4M · Free float 50.8%
Annual filing data through FY ended December 31, 2025; float as of July 9, 2026.