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Aemetis (AMTX) Financials

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$1.46 -0.11 (-7.01%)
Closing price 04:00 PM Eastern
Extended Trading
$1.48 +0.02 (+1.16%)
As of 07:43 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Aemetis

Annual Income Statements for Aemetis

This table shows Aemetis' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -27 -16 -30 -33 -25 -36 -47 -109 -47 -88 -78
Consolidated Net Income / (Loss)		 -27 -16 -32 -36 -39 -37 -47 -108 -46 -88 -77
Net Income / (Loss) Continuing Operations		 -27 -16 -32 -36 -29 -36 -47 -108 -46 -88 -77
Total Pre-Tax Income 		-27 -16 -32 -36 -38 -38 -47 -107 -100 -98 -96
Total Operating Income		 -8.61 -0.78 -12 -11 -4.93 -6.07 -16 -34 -37 -40 -37
Total Gross Profit		 4.20 12 3.38 5.41 13 11 7.94 -5.54 2.02 -0.58 -0.77
Total Revenue		 147 143 150 172 202 166 212 257 187 268 198
Operating Revenue		 147 143 150 172 202 166 212 257 187 268 198
Total Cost of Revenue		 142 132 147 166 189 155 204 262 185 268 198
Operating Cost of Revenue		 142 132 147 166 189 155 204 262 185 268 209
Other Cost of Revenue		 - - - - - - - - - 0.00 -10
Total Operating Expenses		 13 12 16 16 14 22 24 29 39 40 36
Selling, General & Admin Expense		 12 12 13 16 17 17 24 29 39 40 36
Total Other Income / (Expense), net		 -19 -15 -20 -25 -27 -26 -31 -72 -63 -58 -59
Interest Expense		 10 9.46 14 18 21 23 23 78 40 47 53
Other Income / (Expense), net		 -8.03 -5.39 -5.68 -7.18 -5.46 -2.85 -8.53 5.85 -23 -11 -5.62
Income Tax Expense		 0.01 0.01 0.01 0.01 1.13 -0.98 -0.13 1.05 -54 -11 -19
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 0.22 - - - - - 0.24 1.10 0.22 0.70 0.99
Basic Earnings per Share		 ($1.37) ($0.79) ($1.53) ($1.63) ($1.75) ($1.74) ($1.54) ($3.12) ($1.22) ($1.91) ($1.28)
Weighted Average Basic Shares Outstanding		 19.82M 19.77M 19.83M 20.25M 20.47M 21.01M 30.68M 34.59M 38.06M 45.90M 59.98M
Diluted Earnings per Share		 ($1.37) ($0.79) ($1.53) ($1.63) ($1.75) ($1.74) ($1.54) ($3.12) ($1.22) ($1.91) ($1.28)
Weighted Average Diluted Shares Outstanding		 19.82M 19.77M 19.83M 20.25M 20.47M 21.01M 30.68M 34.59M 38.06M 45.90M 59.98M
Weighted Average Basic & Diluted Shares Outstanding		 19.66M 19.70M 20.22M 20.38M 20.57M 27.10M 33.83M 36.65M 42.61M 53.32M 66.63M

Quarterly Income Statements for Aemetis

This table shows Aemetis' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 30 -26 -24 -29 -18 -17 -25 -23 -25 -5.57 -23
Consolidated Net Income / (Loss)		 31 -25 -24 -29 -18 -16 -25 -23 -24 -5.33 -22
Net Income / (Loss) Continuing Operations		 31 -25 -24 -29 -18 -16 -25 -23 -24 -5.33 -22
Total Pre-Tax Income 		-25 -25 -23 -29 -18 -29 -31 -24 -24 -17 -22
Total Operating Income		 -8.53 -8.96 -9.46 -14 -3.87 -13 -16 -11 -8.51 -2.48 -6.34
Total Gross Profit		 0.49 0.86 -0.61 -1.81 3.88 -2.04 -5.08 -3.36 -0.06 7.73 2.76
Total Revenue		 69 71 73 67 81 47 43 52 59 43 55
Operating Revenue		 69 71 73 67 81 47 43 52 59 43 55
Total Cost of Revenue		 68 70 73 68 78 49 48 56 59 36 52
Operating Cost of Revenue		 68 70 73 68 78 49 48 56 59 46 52
Total Operating Expenses		 9.02 9.82 8.85 12 7.75 11 10 7.32 8.45 10 9.09
Selling, General & Admin Expense		 9.02 9.82 8.85 12 7.75 11 10 7.32 8.45 10 9.09
Total Other Income / (Expense), net		 -16 -16 -14 -15 -14 -15 -16 -13 -15 -14 -16
Interest Expense		 10 11 11 12 12 13 14 12 13 14 14
Other Income / (Expense), net		 -5.89 -5.07 -3.38 -3.46 -2.04 -2.45 -2.06 -0.92 -2.28 -0.35 -1.14
Income Tax Expense		 -55 0.75 0.88 0.39 0.27 -12 -6.78 -0.53 0.01 -11 -0.13
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 0.26 0.09 0.04 -0.01 0.12 0.54 -0.01 0.00 0.76 0.24 0.94
Basic Earnings per Share		 $0.79 ($0.60) ($0.58) ($0.66) ($0.38) ($0.29) ($0.47) ($0.41) ($0.37) ($0.03) ($0.33)
Weighted Average Basic Shares Outstanding		 38.88M 38.06M 41.89M 44.42M 47.22M 45.90M 52.58M 57.68M 63.70M 59.98M 66.80M
Diluted Earnings per Share		 $0.73 ($0.54) ($0.58) ($0.66) ($0.38) ($0.29) ($0.47) ($0.41) ($0.37) ($0.03) ($0.33)
Weighted Average Diluted Shares Outstanding		 41.84M 38.06M 41.89M 44.42M 47.22M 45.90M 52.58M 57.68M 63.70M 59.98M 66.80M
Weighted Average Basic & Diluted Shares Outstanding		 39.45M 42.61M 44.40M 47.20M 49.73M 53.32M 55.37M 63.24M 65.57M 66.63M 70.37M

Annual Cash Flow Statements for Aemetis

This table details how cash moves in and out of Aemetis' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -0.05 1.20 -1.06 0.76 3.43 -3.09 7.16 -0.75 -0.72 -2.45 4.06
Net Cash From Operating Activities		 -0.79 0.37 -8.69 -5.51 -2.03 2.48 -21 -23 14 -33 3.26
Net Cash From Continuing Operating Activities		 -0.79 0.37 -8.69 -5.51 1.93 -0.54 -21 -23 14 -33 3.26
Net Income / (Loss) Continuing Operations		 -27 -16 -32 -36 -39 -37 -47 -108 -46 -88 -77
Consolidated Net Income / (Loss)		 -27 -16 -32 -36 -39 -37 -47 -108 -46 -88 -77
Depreciation Expense		 4.73 4.67 4.62 4.58 4.43 4.89 5.45 5.54 6.93 8.34 9.58
Amortization Expense		 6.84 5.85 5.79 7.66 4.71 3.45 3.97 7.41 6.60 6.51 6.75
Non-Cash Adjustments To Reconcile Net Income		 2.46 -1.30 1.22 1.78 3.11 7.11 12 65 33 25 14
Changes in Operating Assets and Liabilities, net		 12 6.79 11 17 29 21 5.39 6.88 13 15 50
Net Cash From Investing Activities		 -0.07 -0.63 -1.12 -4.07 -8.58 -17 -23 -31 -24 -14 -26
Net Cash From Continuing Investing Activities		 -0.07 -0.63 -1.12 -4.07 -7.21 -19 -23 -31 -24 -14 -26
Purchase of Property, Plant & Equipment		 -0.07 -0.63 -1.12 -4.07 -8.58 -19 -27 -39 -33 -20 -26
Other Investing Activities, net		 - - - 0.00 1.36 0.26 3.76 7.85 9.43 6.11 0.41
Net Cash From Financing Activities		 0.82 1.63 8.38 10 10 15 51 54 9.09 45 26
Net Cash From Continuing Financing Activities		 0.82 1.63 8.38 10 8.72 17 51 54 9.09 45 26
Repayment of Debt		 -29 -19 -10 -20 -52 -16 -57 -27 -58 -5.01 -37
Repurchase of Preferred Equity		 - - - - 0.00 0.00 -0.30 0.00 -30 0.00 -8.27
Issuance of Debt		 30 21 18 23 56 13 0.00 69 75 19 45
Issuance of Common Equity		 - - 0.00 6.96 0.00 5.11 104 12 22 32 28
Other Financing Activities, net		 -0.22 0.00 - 0.00 0.00 0.85 0.91 -0.28 -0.30 -1.58 -1.22
Other Net Changes in Cash		 - - - - - - - - - 0.01 -0.03
Cash Interest Paid		 0.48 4.89 3.09 5.59 2.48 1.32 5.68 20 9.81 9.22 14
Cash Income Taxes Paid		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 1.81 0.63

Quarterly Cash Flow Statements for Aemetis

This table details how cash moves in and out of Aemetis' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 2.20 -1.39 -1.34 -1.20 -0.45 0.54 -0.41 1.17 4.10 -0.80 -1.02
Net Cash From Operating Activities		 -6.16 34 -10 -5.09 -4.98 -13 0.16 -5.74 3.07 5.77 -11
Net Cash From Continuing Operating Activities		 -6.16 34 -10 -5.09 -4.98 -13 0.16 -5.79 3.12 5.77 -11
Net Income / (Loss) Continuing Operations		 31 -25 -24 -29 -18 -16 -25 -23 -24 -5.33 -22
Consolidated Net Income / (Loss)		 31 -25 -24 -29 -18 -16 -25 -23 -24 -5.33 -22
Depreciation Expense		 1.75 1.73 1.80 2.05 2.27 2.22 2.36 2.35 2.33 2.55 2.52
Amortization Expense		 1.46 1.83 1.43 1.83 1.66 1.58 2.69 1.11 1.07 1.89 1.98
Non-Cash Adjustments To Reconcile Net Income		 9.55 6.56 6.28 9.10 5.09 4.09 4.59 3.42 16 -10 3.60
Changes in Operating Assets and Liabilities, net		 -50 49 4.44 11 3.93 -4.27 15 11 7.70 17 3.01
Net Cash From Investing Activities		 -8.41 -13 -1.68 -4.25 -4.49 -3.72 -1.83 -3.11 -4.09 -17 -5.11
Net Cash From Continuing Investing Activities		 -8.41 -13 -1.68 -4.25 -4.49 -3.72 -1.83 -3.11 -4.09 -17 -6.55
Purchase of Property, Plant & Equipment		 -8.79 -15 -3.58 -5.40 -4.49 -6.78 -1.83 -3.53 -4.09 -17 -6.55
Sale of Property, Plant & Equipment		 - - - - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 16 -23 11 8.14 9.05 17 1.25 10 5.13 10 15
Net Cash From Continuing Financing Activities		 16 -23 11 8.14 9.05 17 1.25 10 5.13 10 16
Repayment of Debt		 -9.16 -35 -1.16 -4.30 0.62 -0.17 -5.18 -20 -10 -1.38 -7.88
Repurchase of Preferred Equity		 - - 0.00 - - - -2.20 - - -6.07 0.00
Issuance of Debt		 20 34 6.22 2.21 4.10 6.93 3.80 18 7.93 16 16
Issuance of Common Equity		 5.85 6.95 5.51 10 5.79 10 5.09 13 7.53 2.59 6.59
Other Financing Activities, net		 -0.08 1.74 0.03 -0.15 -1.45 -0.01 -0.25 -0.15 -0.01 -0.81 1.44
Effect of Exchange Rate Changes		 - - 0.02 0.01 -0.03 - - - - - -0.05
Cash Interest Paid		 2.38 2.89 2.96 2.11 1.20 2.95 10 1.10 1.42 1.03 1.21
Cash Income Taxes Paid		 - - 0.88 - - 0.94 0.00 - - 0.63 0.00

Annual Balance Sheets for Aemetis

This table presents Aemetis' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 83 78 94 92 100 125 161 207 243 259 260
Total Current Assets		 8.00 7.05 11 10 13 8.68 21 18 36 45 27
Cash & Equivalents		 0.28 1.49 0.43 1.19 0.66 0.59 7.75 4.31 2.67 0.90 4.89
Accounts Receivable		 1.17 1.56 2.22 1.10 2.04 1.82 1.57 1.26 8.63 1.81 0.48
Inventories, net		 4.80 3.24 5.74 6.13 6.52 3.97 5.13 4.66 18 25 12
Prepaid Expenses		 0.53 0.56 2.44 0.94 0.79 0.75 5.60 4.25 3.35 1.84 1.53
Other Current Assets		 1.22 0.21 0.64 0.96 2.57 1.55 0.64 3.65 3.46 2.41 8.33
Plant, Property, & Equipment, net		 71 66 79 78 84 110 135 180 0.00 0.00 0.00
Total Noncurrent Assets		 4.42 4.40 4.03 3.02 3.09 6.58 5.04 8.54 207 215 233
Other Noncurrent Operating Assets		 3.04 4.40 4.03 3.02 3.09 6.58 5.04 8.54 207 215 233
Total Liabilities & Shareholders' Equity		 83 78 94 92 100 125 161 207 243 259 260
Total Liabilities		 118 128 174 207 254 310 281 409 460 523 567
Total Current Liabilities		 29 27 36 43 58 102 65 88 84 144 371
Short-Term Debt		 12 11 16 17 23 60 23 49 37 91 318
Accounts Payable		 10 7.84 10 14 16 21 16 26 32 33 23
Other Current Liabilities		 4.92 5.32 6.26 8.44 15 16 19 13 15 20 30
Total Noncurrent Liabilities		 89 100 138 165 196 208 216 321 376 379 195
Long-Term Debt		 5.71 5.78 30 31 146 170 166 197 258 248 64
Other Noncurrent Operating Liabilities		 83 95 108 133 51 35 47 121 118 132 132
Total Equity & Noncontrolling Interests		 -35 -50 -80 -116 -154 -185 -120 -202 -217 -264 -307
Total Preferred & Common Equity		 -35 -50 -78 -111 -154 -185 -120 -202 -217 -264 -307
Total Common Equity		 -35 -50 -78 -111 -154 -185 -120 -202 -217 -264 -307
Common Stock		 82 83 85 86 87 93 205 233 264 305 340
Retained Earnings		 -114 -130 -160 -193 -237 -274 -321 -429 -475 -563 -640
Accumulated Other Comprehensive Income / (Loss)		 -3.18 -3.39 -2.90 -3.58 -3.83 -4.11 -4.35 -5.45 -5.67 -6.37 -7.36

Quarterly Balance Sheets for Aemetis

This table presents Aemetis' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 277 242 232 247 243 240 241 270
Total Current Assets		 78 33 24 35 28 20 16 35
Cash & Equivalents		 3.90 1.63 0.23 0.30 0.50 1.65 5.58 4.80
Accounts Receivable		 60 8.87 8.76 8.03 1.04 2.70 1.65 6.58
Inventories, net		 8.14 16 10 20 23 12 4.78 10
Prepaid Expenses		 2.90 2.42 2.27 1.78 1.87 1.54 1.63 1.14
Other Current Assets		 3.81 4.03 2.35 5.00 2.15 1.83 1.91 12
Plant, Property, & Equipment, net		 188 198 194 196 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 11 12 14 17 214 220 226 236
Other Noncurrent Operating Assets		 11 12 14 17 214 220 226 236
Total Liabilities & Shareholders' Equity		 277 242 232 247 243 240 241 270
Total Liabilities		 477 474 481 506 523 529 546 591
Total Current Liabilities		 114 118 121 132 175 322 343 396
Short-Term Debt		 66 73 75 77 120 271 287 343
Accounts Payable		 29 30 29 37 32 22 30 24
Other Current Liabilities		 18 15 17 18 23 29 27 30
Total Noncurrent Liabilities		 363 356 360 374 349 207 203 195
Long-Term Debt		 220 234 234 245 217 74 67 62
Other Noncurrent Operating Liabilities		 143 122 126 129 132 134 136 133
Total Equity & Noncontrolling Interests		 -200 -232 -249 -259 -281 -289 -305 -321
Total Preferred & Common Equity		 -200 -232 -249 -259 -281 -289 -305 -321
Total Common Equity		 -200 -232 -249 -259 -281 -289 -305 -321
Common Stock		 256 273 286 294 313 328 337 349
Retained Earnings		 -450 -500 -529 -547 -587 -611 -635 -662
Accumulated Other Comprehensive Income / (Loss)		 -5.58 -5.72 -5.71 -5.82 -6.35 -6.36 -7.12 -8.29

Annual Metrics And Ratios for Aemetis

This table displays calculated financial ratios and metrics derived from Aemetis' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 19,580,427.00 19,858,182.00 19,822,962.00 20,345,437.00 20,570,187.00 21,815,654.00 33,250,807.00 35,043,877.00 39,451,266.00 49,734,572.00 65,568,542.00
DEI Adjusted Shares Outstanding		 19,580,427.00 19,858,182.00 19,822,962.00 20,345,437.00 20,570,187.00 21,815,654.00 33,250,807.00 35,043,877.00 39,451,266.00 49,734,572.00 65,568,542.00
DEI Earnings Per Adjusted Shares Outstanding		 -1.40 -0.79 -1.53 -1.62 -1.21 -1.63 -1.43 -3.11 -1.18 -1.77 -1.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -29.39% -2.38% 4.89% 14.23% 17.77% -18.04% 28.02% 21.03% -27.21% 43.34% -26.16%
EBITDA Growth		 -117.24% 185.88% -271.19% 21.16% 78.77% 53.45% -2,475.34% -4.47% -201.88% 21.67% 28.17%
EBIT Growth		 -189.76% 62.92% -189.43% -1.41% 42.61% 14.15% -172.91% -17.23% -112.40% 14.66% 17.22%
NOPAT Growth		 -125.04% 90.93% -1,459.92% 10.32% 54.87% -23.10% -160.71% -117.38% -8.72% -8.06% 7.91%
Net Income Growth		 -480.46% 42.38% -103.19% -14.22% -8.79% 7.14% -28.61% -128.56% 56.92% -88.58% 12.04%
EPS Growth		 -502.94% 42.34% -93.67% -6.54% -7.36% 0.57% 11.49% -102.60% 60.90% -56.56% 32.98%
Operating Cash Flow Growth		 -103.82% 147.20% -2,441.78% 36.63% 63.06% 221.93% -932.54% -10.75% 160.46% -338.18% 109.91%
Free Cash Flow Firm Growth		 -67.51% -42.00% -152.19% 417.27% -427.51% 55.55% 27.66% 88.02% -1,704.87% 55.17% 13.58%
Invested Capital Growth		 -218.72% -90.40% -1.06% -97.36% 119.67% 250.13% 34.60% -33.00% 77.65% -2.45% -4.36%
Revenue Q/Q Growth		 -4.29% 1.77% 1.00% -0.02% 7.02% -8.19% 14.62% 0.93% 2.21% -8.15% -1.84%
EBITDA Q/Q Growth		 -100.08% 1,234.05% -132.44% -267.57% 93.31% -105.52% 47.54% -1,131.39% -3.35% -4.70% 34.12%
EBIT Q/Q Growth		 -23.46% 38.87% -32.12% -97.15% 62.65% -512.53% 35.70% -185.80% -2.38% -3.82% 23.42%
NOPAT Q/Q Growth		 0.84% 70.43% -56.15% -43.33% 61.23% -323.66% 45.01% -67.83% -0.72% -12.58% 22.81%
Net Income Q/Q Growth		 -13.58% 26.16% -31.41% -9.91% 10.55% -23.30% 22.52% -24.97% -6.99% 9.55% 12.37%
EPS Q/Q Growth		 -19.13% 27.52% -29.66% -9.40% 11.62% -24.29% 31.56% -28.40% 8.27% 11.57% 16.88%
Operating Cash Flow Q/Q Growth		 81.42% -84.98% -35.14% 3.17% 37.95% -59.66% 15.96% -34.82% 151.78% -341.93% 121.63%
Free Cash Flow Firm Q/Q Growth		 31.44% 132.05% -156.50% 436.77% -711.53% 41.13% 70.39% -104.62% 16.67% -382.01% -65.45%
Invested Capital Q/Q Growth		 -138.56% -190.08% -292.03% -973.61% 189.26% -8.10% -48.72% 11.68% -9.16% 16.24% 62.63%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 2.86% 8.10% 2.25% 3.15% 6.29% 6.66% 3.75% -2.16% 1.08% -0.22% -0.39%
EBITDA Margin		 -3.45% 3.04% -4.96% -3.42% -0.62% -0.35% -7.05% -6.08% -25.23% -13.79% -13.41%
Operating Margin		 -5.87% -0.55% -8.11% -6.37% -2.44% -3.67% -7.47% -13.41% -20.03% -15.10% -18.83%
EBIT Margin		 -11.35% -4.31% -11.89% -10.56% -5.15% -5.39% -11.49% -11.13% -32.48% -19.33% -21.68%
Profit (Net Income) Margin		 -18.51% -10.92% -21.16% -21.16% -19.54% -22.14% -22.24% -42.01% -24.86% -32.71% -38.96%
Tax Burden Percent		 100.02% 100.04% 100.02% 100.02% 102.95% 97.41% 99.73% 100.99% 46.35% 88.99% 80.42%
Interest Burden Percent		 163.07% 253.32% 177.87% 200.33% 368.92% 421.78% 194.13% 373.76% 165.17% 190.09% 223.52%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -14.11% -20.15% -45.72% -44.62% -38.15% -36.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% -30.34% -37.54% -84.88% -52.17% -56.98% -50.64%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 35.73% 51.07% 112.63% 66.79% 74.56% 63.35%
Return on Equity (ROE)		 141.84% 36.74% 49.00% 37.13% 29.25% 21.62% 30.92% 66.91% 22.17% 36.41% 26.98%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% -634.14% -125.24% -49.65% -6.21% -100.56% -35.67% -31.91%
Operating Return on Assets (OROA)		 -19.31% -7.67% -20.75% -19.46% -10.84% -7.93% -17.03% -15.52% -26.92% -20.59% -16.50%
Return on Assets (ROA)		 -31.50% -19.43% -36.91% -38.99% -41.18% -32.58% -32.97% -58.57% -20.61% -34.83% -29.66%
Return on Common Equity (ROCE)		 141.85% 36.75% 48.45% 35.95% 28.73% 21.62% 30.92% 66.91% 22.17% 36.41% 26.98%
Return on Equity Simple (ROE_SIMPLE)		 76.89% 31.39% 40.53% 32.74% 25.57% 19.84% 39.21% 53.38% 21.39% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -6.03 -0.55 -8.53 -7.65 -3.45 -4.25 -11 -24 -26 -28 -26
NOPAT Margin		 -4.11% -0.38% -5.68% -4.46% -1.71% -2.57% -5.23% -9.39% -14.02% -10.57% -13.18%
Net Nonoperating Expense Percent (NNEP)		 119.14% 91.24% 76.10% 61.63% 33.47% 16.23% 17.39% 39.15% 7.55% 18.83% 14.27%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -33.68% -38.16% -34.77%
Cost of Revenue to Revenue		 97.14% 91.90% 97.75% 96.85% 93.71% 93.34% 96.25% 102.16% 98.92% 100.22% 100.39%
SG&A Expenses to Revenue		 8.43% 8.39% 8.78% 9.38% 8.63% 10.20% 11.17% 11.18% 21.11% 14.88% 18.44%
R&D to Revenue		 0.30% 0.26% 1.58% 0.14% 0.10% 0.13% 0.04% 0.07% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 8.73% 8.65% 10.36% 9.52% 6.78% 13.15% 11.21% 11.25% 21.11% 14.88% 18.44%
Earnings before Interest and Taxes (EBIT)		 -17 -6.17 -18 -18 -10 -8.92 -24 -29 -61 -52 -43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -5.06 4.35 -7.45 -5.87 -1.25 -0.58 -15 -16 -47 -37 -27
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.39 0.19 0.07 0.07 0.08 0.33 1.93 0.54 1.11 0.50 0.46
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 13.81 6.10 9.39 9.06 6.64 6.43 6.68
Enterprise Value to Revenue (EV/Rev)		 0.51 0.30 0.37 0.32 0.92 1.73 2.79 1.49 2.67 1.76 2.37
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 9.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 116.72 0.00 0.00 0.00 115.29 0.00 0.00 36.08 0.00 143.43
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.75 2.77 0.00 2.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -0.50 -0.35 -0.57 -0.42 -1.09 -1.26 -1.59 -1.23 -1.36 -1.28 -1.24
Long-Term Debt to Equity		 -0.16 -0.12 -0.38 -0.27 -0.94 -0.93 -1.40 -0.99 -1.19 -0.94 -0.21
Financial Leverage		 -0.93 -0.39 -0.47 -0.48 -0.80 -1.18 -1.36 -1.33 -1.28 -1.31 -1.25
Leverage Ratio		 -4.50 -1.89 -1.33 -0.95 -0.71 -0.66 -0.94 -1.14 -1.08 -1.05 -0.91
Compound Leverage Factor		 -7.34 -4.79 -2.36 -1.91 -2.62 -2.80 -1.82 -4.27 -1.78 -1.99 -2.03
Debt to Total Capital		 -100.15% -52.67% -134.57% -72.90% 1,199.52% 489.32% 269.72% 533.40% 379.09% 456.02% 509.47%
Short-Term Debt to Total Capital		 -67.75% -34.97% -45.89% -25.88% 161.97% 125.42% 32.15% 105.68% 47.63% 122.12% 424.20%
Long-Term Debt to Total Capital		 -32.40% -17.70% -88.67% -47.02% 1,037.55% 363.90% 237.56% 427.72% 331.46% 333.90% 85.27%
Preferred Equity to Total Capital		 -0.01% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 4.31% 7.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 200.15% 152.67% 230.26% 165.81% -1,099.52% -389.32% -169.72% -433.40% -279.09% -356.02% -409.47%
Debt to EBITDA		 -3.49 3.95 -6.15 -8.30 -135.16 -400.34 -12.79 -15.92 -6.26 -9.16 -14.40
Net Debt to EBITDA		 -3.43 3.61 -6.10 -8.10 -134.64 -399.32 -12.27 -15.64 -6.20 -9.14 -14.22
Long-Term Debt to EBITDA		 -1.13 1.33 -4.06 -5.36 -116.91 -297.73 -11.27 -12.77 -5.47 -6.71 -2.41
Debt to NOPAT		 -2.93 -31.43 -5.37 -6.37 -48.79 -54.65 -17.25 -10.32 -11.26 -11.95 -14.65
Net Debt to NOPAT		 -2.88 -28.72 -5.32 -6.22 -48.60 -54.51 -16.55 -10.14 -11.16 -11.92 -14.47
Long-Term Debt to NOPAT		 -0.95 -10.57 -3.54 -4.11 -42.20 -40.64 -15.19 -8.27 -9.84 -8.75 -2.45
Altman Z-Score		 -0.84 -0.94 -1.69 -2.11 -2.15 -2.77 -1.44 -2.32 -2.76 -2.97 -4.73
Noncontrolling Interest Sharing Ratio		 -0.01% 0.00% 1.13% 3.18% 1.76% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.27 0.26 0.32 0.24 0.22 0.08 0.32 0.21 0.43 0.31 0.07
Quick Ratio		 0.05 0.11 0.07 0.05 0.05 0.02 0.14 0.06 0.13 0.10 0.01
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 27 16 -8.17 26 -85 -38 -27 -3.27 -59 -26 -23
Operating Cash Flow to CapEx		 -1,107.04% 58.98% -778.49% -135.15% -23.71% 12.82% -77.47% -58.40% 41.74% -162.58% 12.55%
Free Cash Flow to Firm to Interest Expense		 2.57 1.65 -0.59 1.43 -4.02 -1.64 -1.19 -0.04 -1.49 -0.57 -0.43
Operating Cash Flow to Interest Expense		 -0.07 0.04 -0.62 -0.30 -0.10 0.11 -0.90 -0.29 0.35 -0.71 0.06
Operating Cash Flow Less CapEx to Interest Expense		 -0.08 -0.03 -0.71 -0.53 -0.50 -0.73 -2.06 -0.79 -0.49 -1.14 -0.43
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.70 1.78 1.74 1.84 2.11 1.47 1.48 1.39 0.83 1.06 0.76
Accounts Receivable Turnover		 120.80 105.15 79.53 103.48 128.99 85.85 124.86 180.77 37.73 51.28 172.67
Inventory Turnover		 30.65 32.71 32.70 28.00 29.94 29.47 44.86 53.57 16.10 12.27 10.70
Fixed Asset Turnover		 2.00 2.09 2.07 2.18 2.48 1.71 1.73 1.63 0.00 0.00 0.00
Accounts Payable Turnover		 15.38 14.60 16.04 13.87 12.85 8.42 10.98 12.31 6.34 8.22 7.02
Days Sales Outstanding (DSO)		 3.02 3.47 4.59 3.53 2.83 4.25 2.92 2.02 9.67 7.12 2.11
Days Inventory Outstanding (DIO)		 11.91 11.16 11.16 13.04 12.19 12.39 8.14 6.81 22.68 29.76 34.10
Days Payable Outstanding (DPO)		 23.73 25.00 22.75 26.32 28.41 43.35 33.24 29.66 57.61 44.41 52.03
Cash Conversion Cycle (CCC)		 -8.80 -10.37 -7.00 -9.76 -13.39 -26.71 -22.18 -20.82 -25.26 -7.54 -15.81
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -18 -34 -34 -68 13 47 63 42 75 73 70
Invested Capital Turnover		 -103.82 -5.50 -4.38 -3.35 -7.39 5.50 3.86 4.87 3.18 3.61 2.76
Increase / (Decrease) in Invested Capital		 -33 -16 -0.36 -34 81 33 16 -21 33 -1.84 -3.20
Enterprise Value (EV)		 74 43 55 55 185 286 592 383 499 471 468
Market Capitalization		 57 28 11 12 17 54 409 139 207 134 91
Book Value per Share		 ($1.80) ($2.51) ($3.95) ($5.45) ($7.50) ($8.47) ($3.62) ($5.76) ($5.50) ($5.31) ($4.68)
Tangible Book Value per Share		 ($1.87) ($2.51) ($3.95) ($5.45) ($7.50) ($8.47) ($3.62) ($5.76) ($5.50) ($5.31) ($4.68)
Total Capital		 -18 -33 -34 -67 14 47 71 47 78 74 75
Total Debt		 18 17 46 49 168 232 191 248 295 338 382
Total Long-Term Debt		 5.71 5.78 30 31 146 173 168 199 258 248 64
Net Debt		 17 16 45 48 168 232 183 244 292 337 377
Capital Expenditures (CapEx)		 0.07 0.63 1.12 4.07 8.58 19 27 39 33 20 26
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -9.63 -10 -9.36 -16 -23 -35 -30 -25 -14 -9.64 -31
Debt-free Net Working Capital (DFNWC)		 -9.35 -8.76 -8.93 -15 -23 -34 -22 -21 -11 -8.74 -27
Net Working Capital (NWC)		 -21 -20 -25 -32 -45 -94 -45 -70 -48 -99 -344
Net Nonoperating Expense (NNE)		 21 15 23 29 36 32 36 84 20 59 51
Net Nonoperating Obligations (NNO)		 17 16 45 48 168 232 183 244 292 337 377
Total Depreciation and Amortization (D&A)		 12 11 10 12 9.15 8.34 9.42 13 14 15 16
Debt-free, Cash-free Net Working Capital to Revenue		 -6.57% -7.16% -6.23% -9.42% -11.47% -20.92% -13.97% -9.84% -7.30% -3.60% -15.90%
Debt-free Net Working Capital to Revenue		 -6.37% -6.12% -5.95% -8.73% -11.14% -20.56% -10.31% -8.16% -5.87% -3.26% -13.42%
Net Working Capital to Revenue		 -14.52% -14.09% -16.35% -18.81% -22.40% -56.51% -21.06% -27.35% -25.70% -37.09% -174.26%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.37) ($0.79) ($1.53) ($1.63) ($1.75) ($1.74) ($1.54) ($3.12) ($1.22) ($1.91) ($1.28)
Adjusted Weighted Average Basic Shares Outstanding		 19.82M 19.77M 19.83M 20.25M 20.47M 21.01M 30.68M 34.59M 38.06M 45.90M 59.98M
Adjusted Diluted Earnings per Share		 ($1.37) ($0.79) ($1.53) ($1.63) ($1.75) ($1.74) ($1.54) ($3.12) ($1.22) ($1.91) ($1.28)
Adjusted Weighted Average Diluted Shares Outstanding		 19.82M 19.77M 19.83M 20.25M 20.47M 21.01M 30.68M 34.59M 38.06M 45.90M 59.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.66M 19.70M 20.22M 20.38M 20.57M 27.10M 33.83M 36.65M 42.61M 53.32M 66.63M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.03 -0.55 -8.53 -7.65 -7.79 -4.25 -11 -24 -26 -28 -26
Normalized NOPAT Margin		 -4.11% -0.38% -5.68% -4.46% -3.86% -2.57% -5.23% -9.39% -14.02% -10.57% -13.18%
Pre Tax Income Margin		 -18.50% -10.92% -21.15% -21.15% -18.98% -22.73% -22.30% -41.60% -53.64% -36.75% -48.45%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.59 -0.65 -1.28 -1.00 -0.49 -0.39 -1.06 -0.37 -1.53 -1.11 -0.81
NOPAT to Interest Expense		 -0.57 -0.06 -0.61 -0.42 -0.16 -0.19 -0.48 -0.31 -0.66 -0.61 -0.49
EBIT Less CapEx to Interest Expense		 -1.59 -0.72 -1.36 -1.22 -0.90 -1.23 -2.23 -0.87 -2.37 -1.54 -1.30
NOPAT Less CapEx to Interest Expense		 -0.58 -0.12 -0.69 -0.65 -0.57 -1.03 -1.65 -0.81 -1.50 -1.04 -0.98
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Aemetis

This table displays calculated financial ratios and metrics derived from Aemetis' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 38,847,739.00 39,451,266.00 42,608,698.00 44,397,833.00 47,196,649.00 49,734,572.00 53,319,340.00 55,369,358.00 63,240,956.00 65,568,542.00 66,631,852.00
DEI Adjusted Shares Outstanding		 38,847,739.00 39,451,266.00 42,608,698.00 44,397,833.00 47,196,649.00 49,734,572.00 53,319,340.00 55,369,358.00 63,240,956.00 65,568,542.00 66,631,852.00
DEI Earnings Per Adjusted Shares Outstanding		 0.78 -0.65 -0.57 -0.66 -0.38 -0.34 -0.46 -0.42 -0.39 -0.08 -0.34
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -4.37% 6.04% 3,276.76% 47.55% 18.56% -33.58% -40.96% -21.51% -27.32% -7.87% 27.36%
EBITDA Growth		 -52.68% -17.06% 30.57% -13.83% 82.37% -15.80% -30.87% 38.28% -273.95% 113.20% 76.43%
EBIT Growth		 -39.05% -11.17% 27.09% -17.01% 58.97% -13.56% -37.22% 32.06% -82.47% 82.22% 57.60%
NOPAT Growth		 -12.30% -3.06% 21.95% -74.66% 54.60% -50.42% -64.39% 21.55% -119.73% 81.59% 59.27%
Net Income Growth		 145.94% -13.53% 8.25% -15.41% -158.40% 36.34% -1.23% 19.81% -32.41% 67.09% 11.48%
EPS Growth		 138.02% 16.92% 20.55% 2.94% -152.05% 46.30% 18.97% 37.88% 2.63% 89.66% 29.79%
Operating Cash Flow Growth		 37.29% 617.81% 8.70% -87.35% 19.17% -137.03% 101.56% -12.62% 161.61% 145.89% -6,698.13%
Free Cash Flow Firm Growth		 -163.58% -365.41% -262.14% -181.92% 133.35% 80.58% 116.65% 97.79% -17.44% 119.22% -477.53%
Invested Capital Growth		 118.40% 77.65% 107.51% 136.28% -23.77% -2.45% -24.96% -10.86% -31.64% -4.36% 42.92%
Revenue Q/Q Growth		 52.27% 3.02% 2.64% -8.36% 22.36% -42.28% -8.76% 21.82% 13.30% -26.83% 26.12%
EBITDA Q/Q Growth		 3.19% 6.60% 8.25% -37.20% 85.00% -513.45% -3.69% 35.29% 9.14% 121.66% -285.13%
EBIT Q/Q Growth		 1.16% 2.69% 8.46% -32.91% 65.34% -169.34% -10.61% 34.20% 6.93% 73.76% -163.77%
NOPAT Q/Q Growth		 -9.49% -5.04% -5.61% -43.80% 71.54% -248.04% -15.43% 31.38% 20.29% 70.84% -155.34%
Net Income Q/Q Growth		 221.49% -182.84% 4.76% -20.40% 38.52% 9.69% -51.44% 4.62% -1.50% 77.56% -307.37%
EPS Q/Q Growth		 207.35% -173.97% -7.41% -13.79% 42.42% 23.68% -62.07% 12.77% 9.76% 91.89% -1,000.00%
Operating Cash Flow Q/Q Growth		 -126.59% 651.26% -130.26% 50.44% 2.24% -152.55% 101.27% -3,685.63% 153.48% 88.14% -282.90%
Free Cash Flow Firm Q/Q Growth		 -194.45% 23.02% -14.27% 1.41% 138.45% -144.83% 197.99% -113.09% 1,535.45% -89.56% -2,024.38%
Invested Capital Q/Q Growth		 226.37% -9.16% -2.20% -18.51% 5.30% 16.24% -24.77% -3.20% -19.25% 62.63% 12.43%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.72% 1.22% -0.84% -2.71% 4.76% -4.34% -11.85% -6.42% -0.10% 17.84% 5.05%
EBITDA Margin		 -16.32% -14.80% -13.23% -19.81% -2.43% -25.80% -29.32% -15.58% -12.49% 3.70% -5.43%
Operating Margin		 -12.42% -12.66% -13.03% -20.44% -4.75% -28.67% -36.27% -20.43% -14.37% -5.73% -11.60%
EBIT Margin		 -20.99% -19.82% -17.68% -25.64% -7.26% -33.89% -41.08% -22.19% -18.23% -6.54% -13.68%
Profit (Net Income) Margin		 44.71% -35.95% -33.36% -43.83% -22.02% -34.46% -57.20% -44.78% -40.12% -12.31% -39.75%
Tax Burden Percent		 -124.86% 103.05% 103.76% 101.34% 101.55% 56.70% 78.34% 97.79% 100.03% 31.78% 99.40%
Interest Burden Percent		 170.63% 176.00% 181.88% 168.70% 298.63% 179.33% 177.72% 206.35% 220.01% 592.20% 292.42%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -26.36% -28.20% -43.11% -93.65% -13.32% -72.43% -93.99% -56.51% -38.20% -11.06% -25.40%
ROIC Less NNEP Spread (ROIC-NNEP)		 -11.84% -35.36% -49.36% -100.51% -18.35% -74.58% -98.25% -61.40% -43.51% -12.07% -30.10%
Return on Net Nonoperating Assets (RNNOA)		 15.55% 45.26% 61.18% 118.05% 24.18% 97.58% 122.87% 74.31% 51.69% 15.10% 36.79%
Return on Equity (ROE)		 -10.81% 17.06% 18.07% 24.40% 10.86% 25.15% 28.87% 17.80% 13.50% 4.04% 11.39%
Cash Return on Invested Capital (CROIC)		 -117.52% -100.56% -114.62% -147.73% -7.54% -35.67% -22.14% -42.43% -26.05% -31.91% -64.62%
Operating Return on Assets (OROA)		 -16.10% -16.43% -20.09% -32.13% -8.06% -36.08% -40.32% -21.02% -15.03% -4.98% -11.17%
Return on Assets (ROA)		 34.30% -29.80% -37.91% -54.93% -24.45% -36.69% -56.14% -42.41% -33.07% -9.37% -32.46%
Return on Common Equity (ROCE)		 -10.81% 17.06% 18.07% 24.40% 10.86% 25.15% 28.87% 17.80% 13.50% 4.04% 11.39%
Return on Equity Simple (ROE_SIMPLE)		 21.69% 0.00% 19.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.97 -6.27 -6.62 -9.52 -2.71 -9.43 -11 -7.47 -5.96 -1.74 -4.43
NOPAT Margin		 -8.69% -8.86% -9.12% -14.31% -3.33% -20.07% -25.39% -14.30% -10.06% -4.01% -8.12%
Net Nonoperating Expense Percent (NNEP)		 -14.52% 7.15% 6.25% 6.86% 5.04% 2.15% 4.25% 4.89% 5.31% 1.01% 4.70%
Return On Investment Capital (ROIC_SIMPLE)		 - -8.07% -8.82% -15.86% -4.28% -12.72% -19.59% -13.59% -12.24% -2.32% -5.31%
Cost of Revenue to Revenue		 99.28% 98.78% 100.84% 102.71% 95.24% 104.34% 111.85% 106.42% 100.10% 82.16% 94.95%
SG&A Expenses to Revenue		 13.13% 13.88% 12.18% 17.73% 9.52% 24.33% 24.43% 14.01% 14.28% 23.57% 16.64%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 13.13% 13.88% 12.18% 17.73% 9.52% 24.33% 24.43% 14.01% 14.28% 23.57% 16.64%
Earnings before Interest and Taxes (EBIT)		 -14 -14 -13 -17 -5.91 -16 -18 -12 -11 -2.83 -7.47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -11 -10 -9.61 -13 -1.98 -12 -13 -8.14 -7.39 1.60 -2.96
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.88 1.11 0.99 0.48 0.37 0.50 0.39 0.61 0.71 0.46 1.02
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 5.37 6.64 7.64 7.39 6.83 6.43 7.78 9.00 11.38 6.68 7.78
Enterprise Value to Revenue (EV/Rev)		 2.43 2.67 2.18 1.59 1.48 1.76 1.80 2.15 2.43 2.37 2.93
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 36.08 37.88 35.59 31.63 0.00 0.00 0.00 0.00 143.43 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -1.43 -1.36 -1.32 -1.24 -1.24 -1.28 -1.20 -1.19 -1.16 -1.24 -1.26
Long-Term Debt to Equity		 -1.10 -1.19 -1.01 -0.94 -0.95 -0.94 -0.77 -0.25 -0.22 -0.21 -0.19
Financial Leverage		 -1.31 -1.28 -1.24 -1.17 -1.32 -1.31 -1.25 -1.21 -1.19 -1.25 -1.22
Leverage Ratio		 -1.24 -1.08 -1.00 -0.91 -1.14 -1.05 -0.95 -0.88 -0.87 -0.91 -0.85
Compound Leverage Factor		 -2.11 -1.89 -1.81 -1.54 -3.42 -1.87 -1.68 -1.81 -1.91 -5.39 -2.49
Debt to Total Capital		 331.09% 379.09% 409.18% 514.48% 509.04% 456.02% 604.88% 626.14% 726.61% 509.47% 484.40%
Short-Term Debt to Total Capital		 76.82% 47.63% 96.97% 124.18% 121.99% 122.12% 215.03% 492.22% 589.33% 424.20% 410.13%
Long-Term Debt to Total Capital		 254.27% 331.46% 312.21% 390.30% 387.05% 333.90% 389.86% 133.91% 137.28% 85.27% 74.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -231.09% -279.09% -309.18% -414.48% -409.04% -356.02% -504.88% -526.14% -626.61% -409.47% -384.40%
Debt to EBITDA		 -6.29 -6.26 -7.17 -6.95 -9.14 -9.16 -8.44 -9.89 -8.79 -14.40 -23.96
Net Debt to EBITDA		 -6.20 -6.20 -7.13 -6.94 -9.13 -9.14 -8.42 -9.84 -8.65 -14.22 -23.67
Long-Term Debt to EBITDA		 -4.83 -5.47 -5.47 -5.27 -6.95 -6.71 -5.44 -2.11 -1.66 -2.41 -3.67
Debt to NOPAT		 -11.02 -11.26 -12.63 -10.89 -12.82 -11.95 -10.33 -11.28 -10.47 -14.65 -20.65
Net Debt to NOPAT		 -10.87 -11.16 -12.57 -10.88 -12.81 -11.92 -10.31 -11.23 -10.31 -14.47 -20.40
Long-Term Debt to NOPAT		 -8.47 -9.84 -9.64 -8.26 -9.75 -8.75 -6.66 -2.41 -1.98 -2.45 -3.17
Altman Z-Score		 -1.74 -2.12 -2.10 -2.57 -2.34 -2.52 -3.27 -4.14 -4.47 -4.22 -4.13
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.69 0.43 0.28 0.20 0.26 0.31 0.16 0.06 0.05 0.07 0.09
Quick Ratio		 0.56 0.13 0.09 0.07 0.06 0.10 0.01 0.01 0.02 0.01 0.03
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -51 -39 -45 -44 17 -7.59 7.44 -0.97 14 1.46 -28
Operating Cash Flow to CapEx		 -70.11% 233.84% -286.85% -94.39% -110.91% -185.39% 8.77% -162.75% 74.99% 34.85% -161.27%
Free Cash Flow to Firm to Interest Expense		 -4.99 -3.67 -4.25 -3.76 1.44 -0.60 0.54 -0.08 1.08 0.10 -1.95
Operating Cash Flow to Interest Expense		 -0.61 3.19 -0.98 -0.43 -0.42 -1.00 0.01 -0.47 0.24 0.41 -0.73
Operating Cash Flow Less CapEx to Interest Expense		 -1.47 1.82 -1.32 -0.89 -0.81 -1.53 -0.12 -0.75 -0.08 -0.77 -1.19
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.77 0.83 1.14 1.25 1.11 1.06 0.98 0.95 0.82 0.76 0.82
Accounts Receivable Turnover		 5.31 37.73 56.35 37.35 8.60 51.28 48.01 39.01 41.61 172.67 54.90
Inventory Turnover		 19.67 16.10 17.83 31.59 20.70 12.27 12.48 20.36 17.25 10.70 12.14
Fixed Asset Turnover		 1.02 0.00 1.36 1.48 1.52 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 5.92 6.34 8.73 9.47 8.75 8.22 7.85 9.09 6.31 7.02 7.25
Days Sales Outstanding (DSO)		 68.80 9.67 6.48 9.77 42.44 7.12 7.60 9.36 8.77 2.11 6.65
Days Inventory Outstanding (DIO)		 18.56 22.68 20.47 11.55 17.64 29.76 29.25 17.93 21.16 34.10 30.05
Days Payable Outstanding (DPO)		 61.68 57.61 41.80 38.54 41.70 44.41 46.50 40.17 57.85 52.03 50.37
Cash Conversion Cycle (CCC)		 25.68 -25.26 -14.86 -17.22 18.38 -7.54 -9.65 -12.88 -27.92 -15.81 -13.67
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 83 75 73 60 63 73 55 53 43 70 79
Invested Capital Turnover		 3.03 3.18 4.73 6.54 4.00 3.61 3.70 3.95 3.80 2.76 3.13
Increase / (Decrease) in Invested Capital		 45 33 38 35 -20 -1.84 -18 -6.50 -20 -3.20 24
Enterprise Value (EV)		 444 499 561 442 430 471 429 480 490 468 612
Market Capitalization		 161 207 255 134 109 134 93 137 142 91 213
Book Value per Share		 ($5.15) ($5.50) ($5.45) ($5.61) ($5.49) ($5.31) ($5.26) ($5.22) ($4.82) ($4.68) ($4.82)
Tangible Book Value per Share		 ($5.15) ($5.50) ($5.45) ($5.61) ($5.49) ($5.31) ($5.26) ($5.22) ($4.82) ($4.68) ($4.82)
Total Capital		 87 78 75 60 63 74 56 55 49 75 84
Total Debt		 287 295 307 309 322 338 336 344 354 382 405
Total Long-Term Debt		 220 258 234 234 245 248 217 74 67 64 62
Net Debt		 283 292 306 309 322 337 336 343 348 377 400
Capital Expenditures (CapEx)		 8.79 15 3.58 5.40 4.49 6.78 1.83 3.53 4.09 17 6.55
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 27 -14 -14 -23 -20 -9.64 -27 -33 -47 -31 -24
Debt-free Net Working Capital (DFNWC)		 31 -11 -12 -22 -20 -8.74 -27 -31 -41 -27 -19
Net Working Capital (NWC)		 -36 -48 -85 -97 -97 -99 -146 -302 -328 -344 -362
Net Nonoperating Expense (NNE)		 -37 19 18 20 15 6.76 14 16 18 3.59 17
Net Nonoperating Obligations (NNO)		 283 292 306 309 322 337 336 343 348 377 400
Total Depreciation and Amortization (D&A)		 3.20 3.55 3.23 3.88 3.94 3.80 5.04 3.46 3.40 4.43 4.51
Debt-free, Cash-free Net Working Capital to Revenue		 14.62% -7.30% -5.36% -8.13% -7.01% -3.60% -11.37% -14.70% -23.19% -15.90% -11.33%
Debt-free Net Working Capital to Revenue		 16.76% -5.87% -4.73% -8.04% -6.91% -3.26% -11.17% -13.97% -20.41% -13.42% -9.04%
Net Working Capital to Revenue		 -19.64% -25.70% -33.04% -34.81% -33.40% -37.09% -61.42% -135.01% -162.83% -174.26% -172.70%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.79 ($0.60) ($0.58) $0.66 ($0.38) ($0.29) ($0.47) ($0.41) ($0.37) ($0.03) ($0.33)
Adjusted Weighted Average Basic Shares Outstanding		 38.88M 38.06M 41.89M 44.42M 47.22M 45.90M 52.58M 57.68M 63.70M 59.98M 66.80M
Adjusted Diluted Earnings per Share		 $0.73 ($0.54) ($0.58) $0.66 ($0.38) ($0.29) ($0.47) ($0.41) ($0.37) ($0.03) ($0.33)
Adjusted Weighted Average Diluted Shares Outstanding		 41.84M 38.06M 41.89M 44.42M 47.22M 45.90M 52.58M 57.68M 63.70M 59.98M 66.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 39.45M 42.61M 44.40M 47.20M 49.73M 53.32M 55.37M 63.24M 65.57M 66.63M 70.37M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.97 -6.27 -6.62 -9.52 -2.71 -9.43 -11 -7.47 -5.96 -1.74 -4.43
Normalized NOPAT Margin		 -8.69% -8.86% -9.12% -14.31% -3.33% -20.07% -25.39% -14.30% -10.06% -4.01% -8.12%
Pre Tax Income Margin		 -35.81% -34.89% -32.15% -43.25% -21.69% -60.77% -73.01% -45.79% -40.11% -38.73% -39.99%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.42 -1.32 -1.22 -1.46 -0.50 -1.26 -1.29 -0.94 -0.83 -0.20 -0.52
NOPAT to Interest Expense		 -0.59 -0.59 -0.63 -0.81 -0.23 -0.75 -0.80 -0.61 -0.46 -0.12 -0.31
EBIT Less CapEx to Interest Expense		 -2.28 -2.68 -1.56 -1.92 -0.89 -1.80 -1.42 -1.23 -1.15 -1.39 -0.98
NOPAT Less CapEx to Interest Expense		 -1.45 -1.95 -0.97 -1.27 -0.61 -1.28 -0.93 -0.89 -0.78 -1.31 -0.76
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Aemetis’ latest quarter shows a mixed picture: revenue is growing, but profitability and balance-sheet stress remain significant. In Q1 2026, revenue rose to $54.6 million from $43.3 million in Q4 2025 and $42.9 million in Q1 2025, but the company still posted a net loss of $21.7 million. Cash flow and leverage trends suggest Aemetis remains highly dependent on financing to support operations and capital spending.

  • Q1 2026 revenue increased year over year to $54.6 million, up from $42.9 million in Q1 2025.
  • Gross profit improved to $2.8 million in Q1 2026, versus a gross loss in several earlier quarters.
  • Operating cash flow improved sharply from a $5.8 million outflow in Q2 2025 to a $10.6 million outflow in Q1 2026, and was positive in Q4 2025.
  • The company generated $14.7 million of net financing cash in Q1 2026, helping offset operating and investing outflows.
  • Basic EPS improved from -$0.47 in Q1 2025 to -$0.33 in Q1 2026, reflecting some operating leverage improvement.
  • Capital spending remained elevated, with $6.5 million spent on property and equipment in Q1 2026 after $16.6 million in Q4 2025.
  • The balance sheet still shows negative equity of $321.1 million, meaning liabilities exceed assets by a wide margin.
  • Short-term debt rose to $342.6 million in Q1 2026 from $270.6 million in Q2 2025, increasing near-term refinancing risk.
  • Total liabilities climbed to $591.5 million in Q1 2026, up from $529.3 million in Q2 2025 and $523.2 million in Q1 2025.
  • Despite better revenue, Aemetis still posted a $21.7 million net loss in Q1 2026 and a $22.6 million loss attributable to common shareholders.

Looking at the multi-year trend, revenue has been volatile rather than steadily improving. Quarterly sales peaked above $80 million in Q3 2024, then fell into the low-to-mid $40 million range in late 2024 and early 2025 before rebounding in Q1 2026. That suggests demand is present, but not yet stable enough to deliver consistent profitability.

Profitability remains the biggest concern. Gross margins have swung widely, with some quarters barely breaking even and others losing money at the gross-profit level. SG&A also remains high relative to revenue, and interest expense continues to be a major burden at roughly $14 million per quarter in the latest period.

Cash flow is improving at times, but the business is still not self-funding. Aemetis has repeatedly relied on debt and equity issuance to cover cash needs. In Q1 2026, debt issuance and common equity issuance were again important sources of cash, while the company also repaid debt. That pattern underscores ongoing liquidity pressure.

Overall, Aemetis looks like a high-risk, high-financial-leverage story. There are signs of operational improvement in revenue and gross profit, but the company still carries heavy debt, negative equity, and persistent losses. Investors will likely want to see sustained positive operating cash flow and further reduction in debt before confidence in the turnaround improves.

07/20/26 09:07 PM ETAI Generated. May Contain Errors.

Aemetis Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Aemetis' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Aemetis' net income appears to be on an upward trend, with a most recent value of -$77.00 million in 2025, rising from -$27.14 million in 2015. The previous period was -$87.54 million in 2024. Find out what analysts predict for Aemetis in the coming months.

Aemetis' total operating income in 2025 was -$37.22 million, based on the following breakdown:
  • Total Gross Profit: -$768 thousand
  • Total Operating Expenses: $36.45 million

Over the last 10 years, Aemetis' total revenue changed from $146.65 million in 2015 to $197.63 million in 2025, a change of 34.8%.

Aemetis' total liabilities were at $566.67 million at the end of 2025, a 8.3% increase from 2024, and a 378.5% increase since 2015.

In the past 10 years, Aemetis' cash and equivalents has ranged from $283 thousand in 2015 to $7.75 million in 2021, and is currently $4.89 million as of their latest financial filing in 2025.

Over the last 10 years, Aemetis' book value per share changed from -1.80 in 2015 to -4.68 in 2025, a change of 159.6%.


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Financial statements for NASDAQ:AMTX last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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