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Gevo (GEVO) Financials

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$1.54 +0.03 (+1.99%)
As of 04:00 PM Eastern
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Annual Income Statements for Gevo

Annual Income Statements for Gevo

This table shows Gevo's 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		 -36 -37 -25 4.91 -29 -40 -59 -98 -66 -79 -34
Consolidated Net Income / (Loss)		 -36 -37 -25 -28 -29 -40 -59 -98 -66 -79 -33
Net Income / (Loss) Continuing Operations		 -36 -37 -25 4.91 -29 -40 -59 -98 -66 -79 -33
Total Pre-Tax Income 		-36 -37 -25 4.91 -29 -40 -59 -98 -66 -79 -33
Total Operating Income		 -32 -24 -23 -22 -26 -27 -60 -103 -82 -91 -20
Total Gross Profit		 -8.63 -9.80 -11 -8.71 -12 -9.47 -7.15 -7.52 5.21 4.91 75
Total Revenue		 30 27 28 66 24 5.69 0.53 1.18 17 17 161
Operating Revenue		 30 27 28 66 24 5.69 0.53 1.18 17 17 161
Total Cost of Revenue		 39 37 38 42 37 15 7.69 8.70 12 12 85
Operating Cost of Revenue		 39 37 38 42 37 15 7.69 8.70 12 12 85
Total Operating Expenses		 23 14 13 13 14 17 53 95 87 96 96
Selling, General & Admin Expense		 17 8.97 7.47 8.12 9.82 11 25 40 43 46 51
Research & Development Expense		 6.61 5.22 5.18 5.37 3.87 3.51 17 17 21 24 16
Depreciation Expense		 - - - - 0.21 0.21 5.13 7.89 19 18 25
Other Operating Expenses / (Income)		 - - - - 0.21 1.70 0.00 4.60 4.04 7.90 5.91
Other Special Charges / (Income)		 - - - - 0.00 0.63 5.14 0.50 - 0.00 -3.09
Total Other Income / (Expense), net		 -4.27 -13 -1.35 -5.78 -2.31 -13 1.07 4.68 16 12 -12
Interest Expense		 8.01 8.60 7.88 5.44 2.74 2.83 -0.39 1.17 2.16 3.88 18
Interest & Investment Income		 - - - - 0.03 0.10 0.57 3.48 19 16 5.11
Other Income / (Expense), net		 3.74 -4.64 6.54 -0.34 0.40 -11 0.10 2.37 -1.31 0.32 0.03
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - - - - 0.00 1.21
Basic Earnings per Share		 ($51.61) ($193.52) ($30.23) ($5.74) ($2.35) ($0.71) ($0.30) ($0.44) ($0.28) ($0.34) ($0.14)
Weighted Average Basic Shares Outstanding		 701.25K 192.37K 814.80K 4.88M 12.18M 56.88M 195.79M 221.54M 238.69M 231.67M 234.01M
Diluted Earnings per Share		 ($51.61) ($193.52) ($30.23) ($5.74) ($2.35) ($0.71) ($0.30) ($0.44) ($0.28) ($0.34) ($0.14)
Weighted Average Diluted Shares Outstanding		 701.25K 192.37K 814.80K 4.88M 12.18M 56.88M 195.79M 221.54M 238.69M 231.67M 234.01M
Weighted Average Basic & Diluted Shares Outstanding		 701.25K 192.37K 814.80K 4.88M 12.18M 56.88M 195.79M 237.17M 240.50M 239.61M 242.82M

Quarterly Income Statements for Gevo

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -18 -19 -21 -21 -18 -22 2.14 -7.95 -6.30 -22 -177
Consolidated Net Income / (Loss)		 -18 -19 -21 -21 -18 -22 2.73 -7.58 -6.01 -21 -176
Net Income / (Loss) Continuing Operations		 -18 -19 -21 -21 -18 -22 2.73 -7.58 -6.01 -21 -176
Total Pre-Tax Income 		-18 -19 -21 -21 -18 -22 2.73 -7.58 -6.01 -21 -176
Total Operating Income		 -21 -23 -24 -24 -20 -20 5.80 -3.69 -2.18 -4.90 -172
Total Gross Profit		 -3.21 1.40 1.84 -0.58 -0.34 7.66 19 20 21 23 20
Total Revenue		 4.37 3.99 5.26 1.97 5.70 29 43 43 45 43 47
Operating Revenue		 4.37 3.99 5.26 1.97 5.70 29 43 43 45 43 47
Total Cost of Revenue		 7.58 2.59 3.42 2.54 6.04 21 17 22 24 20 60
Operating Cost of Revenue		 - 2.59 3.42 2.54 - 21 17 22 24 20 20
Other Cost of Revenue		 - - - - - - 0.00 - - - 40
Total Operating Expenses		 18 25 26 23 19 28 20 24 23 28 159
Selling, General & Admin Expense		 11 12 12 12 10 11 11 12 18 16 13
Research & Development Expense		 6.02 6.87 9.38 7.71 -0.21 6.05 1.77 4.50 3.88 4.54 2.84
Depreciation Expense		 4.68 4.45 4.28 3.49 6.08 5.62 7.21 7.40 5.08 6.86 6.78
Other Operating Expenses / (Income)		 1.12 1.08 0.70 0.55 5.57 5.04 0.59 0.56 -0.28 0.00 0.00
Impairment Charge		 - - - - - - 0.00 - - - 136
Other Special Charges / (Income)		 - - - - - - 0.00 - - - 0.21
Total Other Income / (Expense), net		 2.86 4.27 3.03 2.85 2.04 -1.63 -3.07 -3.89 -3.83 -16 -4.56
Interest Expense		 0.55 0.54 1.11 1.11 1.12 3.29 4.35 5.21 4.71 15 5.63
Interest & Investment Income		 5.01 4.59 4.14 3.84 3.16 1.77 1.32 0.99 1.03 0.81 0.63
Other Income / (Expense), net		 -1.60 0.22 -0.00 0.12 -0.01 -0.11 -0.04 0.33 -0.14 -1.79 0.45
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 0.00 0.00 - -0.05 0.59 0.38 0.29 0.35 0.68
Basic Earnings per Share		 ($0.08) ($0.08) ($0.09) ($0.09) ($0.08) ($0.09) $0.01 ($0.03) ($0.03) ($0.09) ($0.75)
Weighted Average Basic Shares Outstanding		 238.69M 240.84M 239.01M 239.45M 231.67M 232.03M 232.95M 232.68M 234.01M 236.84M 237.05M
Diluted Earnings per Share		 ($0.08) ($0.08) ($0.09) ($0.09) ($0.08) ($0.09) $0.01 ($0.03) ($0.03) ($0.09) ($0.75)
Weighted Average Diluted Shares Outstanding		 238.69M 240.84M 239.01M 239.45M 231.67M 232.03M 236.84M 232.68M 234.01M 236.84M 237.05M
Weighted Average Basic & Diluted Shares Outstanding		 240.50M 236.23M 239.47M 239.41M 239.61M 239.56M 241.84M 242.31M 242.82M 243.41M 247.24M

Annual Cash Flow Statements for Gevo

This table details how cash moves in and out of Gevo's 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		 11 11 -19 22 -17 62 58 179 60 -117 -142
Net Cash From Operating Activities		 -28 -21 -21 -16 -21 -19 -48 -44 -54 -57 -13
Net Cash From Continuing Operating Activities		 -28 -21 -21 -16 -21 -19 -48 -44 -54 -57 -13
Net Income / (Loss) Continuing Operations		 -36 -37 -25 -28 -29 -40 -59 -98 -66 -79 -33
Consolidated Net Income / (Loss)		 -36 -37 -25 -28 -29 -40 -59 -98 -66 -79 -33
Depreciation Expense		 6.57 6.75 6.64 6.52 6.66 5.90 5.13 7.89 19 18 25
Amortization Expense		 3.77 3.98 0.96 1.71 1.35 0.76 5.03 2.72 -0.10 0.00 3.97
Non-Cash Adjustments To Reconcile Net Income		 -0.74 8.29 3.94 0.25 1.01 13 14 44 18 17 -45
Changes in Operating Assets and Liabilities, net		 -1.57 -2.30 -7.54 3.65 -1.19 0.85 -14 -0.46 -24 -14 35
Net Cash From Investing Activities		 -1.32 -5.94 -1.91 -2.23 -7.46 -5.91 -411 85 114 -52 -227
Net Cash From Continuing Investing Activities		 -1.32 -5.94 -1.91 -2.23 -7.46 -5.91 -411 85 114 -52 -227
Purchase of Property, Plant & Equipment		 -1.46 -5.94 -1.91 -2.23 -5.99 -5.91 -57 -84 -54 -51 -30
Acquisitions		 - - - - 0.00 0.00 0.00 -0.01 0.00 -6.07 -198
Divestitures		 - - - - - - - - - 0.00 2.00
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 80 300 169 15 0.00
Other Investing Activities, net		 0.14 0.00 0.00 - -1.50 - -9.17 - 0.00 -10 0.00
Net Cash From Financing Activities		 40 37 3.59 40 11 87 517 139 -0.19 -7.36 98
Net Cash From Continuing Financing Activities		 40 37 3.59 40 11 87 517 139 -0.19 -7.36 98
Repayment of Debt		 -0.32 -0.50 -9.79 0.00 -0.29 -0.50 -0.15 -0.15 -0.17 66 30
Repurchase of Common Equity		 -3.52 -3.14 -1.10 -0.39 -0.23 -6.37 -35 -11 0.00 -4.71 0.00
Payment of Dividends		 - - - - - - - - - 0.00 -1.45
Issuance of Debt		 - - - - 0.00 1.01 69 0.00 0.00 0.00 105
Issuance of Common Equity		 34 29 11 39 12 76 489 150 - 0.00 5.00
Other Financing Activities, net		 10 12 3.43 1.26 -0.20 17 -5.94 -0.30 -0.02 -69 -41
Cash Interest Paid		 4.64 3.69 2.55 1.95 1.39 1.33 -0.81 0.52 1.03 1.62 13

Quarterly Cash Flow Statements for Gevo

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -26 -35 -25 -22 -34 -124 -8.03 -19 8.57 -38 -21
Net Cash From Operating Activities		 -33 -16 -11 -11 -19 -24 -2.52 -6.79 20 -21 -8.28
Net Cash From Continuing Operating Activities		 -33 -16 -11 -11 -19 -24 -2.52 -6.79 20 -22 -7.29
Net Income / (Loss) Continuing Operations		 -18 -19 -21 -21 -18 -22 2.73 -7.58 -6.01 -21 -176
Consolidated Net Income / (Loss)		 -18 -19 -21 -21 -18 -22 2.73 -7.58 -6.01 -21 -176
Depreciation Expense		 4.68 4.45 4.28 3.49 6.08 5.62 7.21 7.40 5.08 6.86 6.78
Non-Cash Adjustments To Reconcile Net Income		 4.59 4.89 5.09 4.36 2.90 -0.36 -19 -12 -17 -3.37 162
Changes in Operating Assets and Liabilities, net		 -23 -6.54 0.20 2.29 -10 -8.07 6.52 3.92 35 -4.92 1.23
Net Cash From Investing Activities		 6.96 -18 -9.20 -10 -15 -204 -5.24 -7.83 -9.21 -9.13 -12
Net Cash From Continuing Investing Activities		 6.96 -18 -9.20 -10 -15 -204 -5.24 -7.83 -9.21 -9.13 -12
Purchase of Property, Plant & Equipment		 6.96 -18 -9.20 -9.75 -15 -5.83 -5.24 -7.83 -11 -8.88 -12
Net Cash From Financing Activities		 -0.04 -1.45 -4.60 -0.94 -0.37 104 -0.27 -3.91 -2.18 -7.77 0.01
Net Cash From Continuing Financing Activities		 -0.04 -1.45 -4.60 -0.94 -0.37 104 -0.27 -3.91 -2.18 -7.77 0.01
Repayment of Debt		 -0.04 -0.03 -1.70 -68 -0.04 -5.48 - -44 80 -2.67 -0.08
Other Financing Activities, net		 - -0.02 -0.23 -0.27 -0.33 -0.28 -0.27 0.06 -40 -75 0.69
Cash Interest Paid		 0.00 0.77 0.69 0.09 0.06 2.01 1.04 5.10 4.41 6.77 5.08

Annual Balance Sheets for Gevo

This table presents Gevo's 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		 103 112 89 107 93 152 645 701 650 584 719
Total Current Assets		 23 33 18 39 24 83 349 415 386 204 143
Cash & Equivalents		 17 28 12 34 16 78 41 237 298 189 81
Restricted Cash		 - - - - - 0.00 25 1.03 77 1.49 29
Accounts Receivable		 1.39 1.12 1.05 0.53 1.14 0.53 0.98 0.48 2.62 2.41 8.39
Inventories, net		 3.49 3.46 4.36 3.17 3.20 2.49 2.75 6.35 3.81 4.50 19
Prepaid Expenses		 0.73 0.85 0.71 1.28 3.59 1.91 3.61 3.03 4.35 5.92 6.00
Plant, Property, & Equipment, net		 77 76 70 67 67 66 138 185 212 222 354
Total Noncurrent Assets		 3.41 3.41 0.80 0.86 2.44 2.42 159 100 52 159 222
Goodwill		 - - - - - - - - 0.00 3.74 44
Intangible Assets		 - - - - - 0.11 8.94 7.69 6.52 8.13 95
Other Noncurrent Operating Assets		 0.80 0.80 0.80 0.86 0.94 2.31 86 92 46 79 76
Other Noncurrent Nonoperating Assets		 2.61 2.61 - - - 0.00 - - 0.00 68 7.01
Total Liabilities & Shareholders' Equity		 103 112 89 107 93 152 645 701 650 584 719
Total Liabilities		 55 43 25 18 21 5.72 98 95 93 94 248
Total Current Liabilities		 18 35 11 5.29 20 4.93 29 25 91 24 79
Accounts Payable		 7.48 6.19 4.01 4.90 5.68 3.94 28 25 23 22 37
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - - - 0.00 41
Other Current Liabilities		 10 28 7.18 0.39 - 0.18 0.78 0.52 69 2.33 0.96
Total Noncurrent Liabilities		 36 8.40 14 13 0.76 0.79 69 70 1.51 70 169
Long-Term Debt		 14 8.22 14 13 0.23 0.45 0.32 0.16 0.02 0.00 101
Asset Retirement Reserve & Litigation Obligation		 - - - - - - - - - 0.00 2.25
Other Noncurrent Operating Liabilities		 22 0.18 0.13 0.40 0.53 0.34 69 70 1.49 70 66
Redeemable Noncontrolling Interest		 - - - - - - - - - 0.00 4.83
Total Equity & Noncontrolling Interests		 48 69 64 89 73 146 547 605 557 489 466
Total Preferred & Common Equity		 48 69 64 89 73 146 547 605 557 489 466
Total Common Equity		 48 69 64 89 73 146 547 605 557 489 466
Common Stock		 388 446 465 518 530 645 1,105 1,262 1,279 1,290 1,300
Retained Earnings		 -339 -377 -401 -429 -458 -498 -557 -655 -722 -800 -834

Quarterly Balance Sheets for Gevo

This table presents Gevo's 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 Q2 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 6/30/2026
Total Assets		 670 634 618 604 678 702 685 654 491
Total Current Assets		 411 282 258 237 104 170 137 116 102
Cash & Equivalents		 324 271 246 223 65 57 73 79 58
Restricted Cash		 78 0.00 1.49 1.49 1.49 70 29 0.00 0.00
Accounts Receivable		 2.24 2.49 2.28 1.41 12 11 7.74 9.74 12
Inventories, net		 3.69 3.76 3.45 5.85 17 17 22 22 19
Prepaid Expenses		 4.03 5.41 5.22 4.66 8.55 16 5.69 5.64 12
Plant, Property, & Equipment, net		 238 228 233 220 339 345 343 358 238
Total Noncurrent Assets		 20 124 126 147 235 187 205 179 151
Goodwill		 - - - 3.74 42 44 44 44 44
Intangible Assets		 6.82 6.23 5.94 8.55 52 70 80 60 72
Other Noncurrent Operating Assets		 13 47 52 67 73 73 75 76 36
Other Noncurrent Nonoperating Assets		 0.00 70 68 68 68 0.00 7.01 0.00 0.00
Total Liabilities & Shareholders' Equity		 670 634 618 604 678 702 685 654 491
Total Liabilities		 98 92 95 99 203 222 210 199 210
Total Current Liabilities		 96 22 25 29 51 73 72 27 38
Accounts Payable		 28 22 23 26 29 43 40 26 33
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - 0.00 3.34
Other Current Liabilities		 68 0.39 1.86 2.22 2.30 30 32 0.95 0.91
Total Noncurrent Liabilities		 1.63 70 70 70 152 149 139 172 172
Long-Term Debt		 0.05 0.00 0.00 67 147 140 134 167 167
Asset Retirement Reserve & Litigation Obligation		 - - - - 2.14 2.18 2.21 2.29 2.33
Other Noncurrent Operating Liabilities		 1.58 70 70 3.49 2.78 7.34 2.32 2.87 2.55
Redeemable Noncontrolling Interest		 - - - - 4.96 5.66 5.96 6.95 7.79
Total Equity & Noncontrolling Interests		 572 542 523 505 470 474 469 448 273
Total Preferred & Common Equity		 572 542 523 505 470 474 469 448 273
Total Common Equity		 572 542 523 505 470 474 469 448 273
Common Stock		 1,275 1,282 1,284 1,287 1,292 1,294 1,297 1,303 1,306
Retained Earnings		 -703 -740 -761 -783 -822 -820 -828 -856 -1,033

Annual Metrics And Ratios for Gevo

This table displays calculated financial ratios and metrics derived from Gevo's 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		 33,897,864.00 136,447,127.00 21,810,552.00 8,640,433.00 13,545,859.00 119,628,203.00 201,879,978.00 237,221,732.00 240,304,735.00 - 242,308,806.00
DEI Adjusted Shares Outstanding		 84,745.00 341,118.00 1,090,528.00 8,640,433.00 13,545,859.00 119,628,203.00 201,879,978.00 237,221,732.00 240,304,735.00 - 242,308,806.00
DEI Earnings Per Adjusted Shares Outstanding		 -427.09 -109.14 -22.59 0.57 -2.12 -0.34 -0.29 -0.41 -0.28 - -0.14
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.62% -9.70% 1.19% 138.78% -62.76% -76.77% -90.63% 120.45% 1,363.83% -1.66% 849.33%
EBITDA Growth		 -8.89% -0.37% 48.93% -56.52% -25.45% -71.54% -62.38% -79.40% 28.39% -12.40% 112.62%
EBIT Growth		 3.22% -1.58% 41.50% -34.58% -15.17% -44.33% -60.60% -66.75% 17.12% -8.85% 77.70%
NOPAT Growth		 19.74% 24.88% 2.93% -36.22% 16.90% -2.30% -123.54% -70.38% 20.31% -10.98% 77.75%
Net Income Growth		 12.03% -2.86% 33.84% -13.59% -2.45% -40.22% -47.32% -65.54% 32.44% -18.76% 58.51%
EPS Growth		 12.03% -2.86% 33.84% 81.01% 59.06% 69.79% 57.75% -46.67% 36.36% -21.43% 58.82%
Operating Cash Flow Growth		 27.78% 27.14% -0.54% 23.15% -31.47% 7.20% -149.62% 8.20% -21.23% -6.82% 76.65%
Free Cash Flow Firm Growth		 -45.48% -45.38% -74.15% 32.50% 15.24% 6.81% -511.28% -13.00% 70.00% -187.48% -112.65%
Invested Capital Growth		 -16.20% 7.99% 40.43% 2.46% 2.58% -0.08% 105.11% 40.88% -9.13% 26.67% 97.30%
Revenue Q/Q Growth		 -6.81% -5.10% 3.16% 99.44% -57.09% -52.17% -57.12% 94.54% 28.64% 8.51% 32.79%
EBITDA Q/Q Growth		 -6.08% 19.68% -44.19% -24.17% 0.95% -65.04% 11.11% -17.67% 7.59% 6.09% 192.43%
EBIT Q/Q Growth		 -2.09% 14.22% -17.43% -14.02% 0.48% -43.62% 1.58% -11.43% 4.59% 3.50% 46.20%
NOPAT Q/Q Growth		 6.79% 0.39% 6.74% -56.27% 31.26% -5.45% -17.40% -10.95% 6.14% 1.83% 46.36%
Net Income Q/Q Growth		 7.93% 13.23% -9.31% -10.76% 0.99% -38.83% 2.54% -9.96% 9.45% 1.09% 26.23%
EPS Q/Q Growth		 7.93% 13.23% -9.31% -105.00% -2,450.00% -82.05% -242.86% -4.76% 9.68% 0.00% 26.32%
Operating Cash Flow Q/Q Growth		 -2.79% 12.15% 0.60% -10.54% -1.68% 6.23% -44.31% 15.36% -64.46% 19.33% 74.33%
Free Cash Flow Firm Q/Q Growth		 28.27% -115.12% 13.14% -517.81% 49.58% -17.32% -1,416.75% 40.59% 1.50% 35.24% 3.95%
Invested Capital Q/Q Growth		 -12.16% 11.61% 1.11% 23.13% 1.81% 4.58% 274.91% 4.34% 6.74% -17.33% -9.17%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -28.62% -36.03% -38.60% -13.24% -50.01% -166.41% -1,342.21% -640.26% 30.28% 29.05% 46.92%
EBITDA Margin		 -59.19% -65.79% -33.20% -21.77% -73.32% -541.34% -9,382.18% -7,634.98% -373.48% -426.86% 5.67%
Operating Margin		 -105.94% -88.14% -84.55% -33.77% -107.63% -473.91% -11,307.32% -8,739.23% -475.78% -536.94% -12.59%
EBIT Margin		 -93.52% -105.20% -60.81% -34.28% -106.00% -658.50% -11,287.80% -8,537.96% -483.40% -535.03% -12.57%
Profit (Net Income) Margin		 -120.10% -136.80% -89.45% -42.55% -117.04% -706.38% -11,107.50% -8,341.02% -384.97% -464.91% -20.32%
Tax Burden Percent		 100.00% 100.00% 100.00% -569.54% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 128.42% 130.04% 147.08% -21.80% 110.42% 107.27% 98.40% 97.69% 79.64% 86.89% 161.71%
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)		 -46.84% -37.11% -28.85% -33.24% -26.94% -27.22% -39.91% -41.99% -29.98% -30.83% -4.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 -20,711.17% 113.75% 55.21% 28.44% 56.99% 25.90% -32.85% -35.54% -27.69% -26.08% 9.29%
Return on Net Nonoperating Assets (RNNOA)		 -29.12% -26.21% -8.24% -3.50% -8.60% -9.49% 22.84% 24.99% 18.59% 15.81% -2.66%
Return on Equity (ROE)		 -75.97% -63.32% -37.09% -36.73% -35.54% -36.72% -17.07% -17.00% -11.39% -15.02% -6.79%
Cash Return on Invested Capital (CROIC)		 -29.22% -44.79% -62.49% -35.67% -29.49% -27.14% -108.81% -75.93% -20.41% -54.37% -69.59%
Operating Return on Assets (OROA)		 -27.94% -26.61% -16.65% -23.01% -25.90% -30.52% -15.09% -14.91% -12.31% -14.66% -3.10%
Return on Assets (ROA)		 -35.88% -34.61% -24.49% -28.56% -28.60% -32.74% -14.85% -14.56% -9.80% -12.74% -5.01%
Return on Common Equity (ROCE)		 -75.97% -63.32% -37.09% -36.73% -35.54% -36.72% -17.07% -17.00% -11.39% -15.02% -6.76%
Return on Equity Simple (ROE_SIMPLE)		 -74.90% -53.75% -38.77% -31.51% -39.53% -27.45% -10.82% -16.19% -11.88% -16.07% 0.00%
Net Operating Profit after Tax (NOPAT)		 -22 -17 -16 -22 -18 -19 -42 -72 -57 -64 -14
NOPAT Margin		 -74.16% -61.70% -59.19% -33.77% -75.34% -331.74% -7,915.12% -6,117.46% -333.05% -375.86% -8.81%
Net Nonoperating Expense Percent (NNEP)		 20,664.33% -150.86% -84.06% -61.68% -83.93% -53.13% -7.06% -6.45% -2.29% -4.75% -13.42%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -10.27% -12.99% -2.50%
Cost of Revenue to Revenue		 128.62% 136.03% 138.60% 63.22% 150.01% 263.72% 1,442.21% 740.26% 69.72% 70.95% 53.08%
SG&A Expenses to Revenue		 55.39% 32.94% 27.13% 12.35% 40.12% 196.73% 4,782.93% 3,399.23% 247.84% 270.75% 31.88%
R&D to Revenue		 21.93% 19.17% 18.82% 8.17% 15.80% 61.72% 3,256.29% 1,488.34% 124.24% 140.36% 10.09%
Operating Expenses to Revenue		 77.32% 52.11% 45.95% 20.53% 57.62% 307.51% 9,965.10% 8,098.98% 506.07% 565.99% 59.50%
Earnings before Interest and Taxes (EBIT)		 -28 -29 -17 -23 -26 -37 -60 -100 -83 -91 -20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -18 -18 -9.14 -14 -18 -31 -50 -90 -64 -72 9.11
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.22 0.34 0.20 0.19 0.43 3.47 1.58 0.74 0.50 1.02 1.04
Price to Tangible Book Value (P/TBV)		 0.22 0.34 0.20 0.19 0.43 3.48 1.61 0.75 0.51 1.05 1.48
Price to Revenue (P/Rev)		 0.35 0.87 0.47 0.26 1.28 89.37 1,621.10 383.59 16.21 29.58 3.02
Price to Earnings (P/E)		 0.00 0.00 0.00 3.45 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% 29.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.19 0.08 0.23 0.00 0.41 6.22 3.23 0.23 0.00 1.34 1.06
Enterprise Value to Revenue (EV/Rev)		 0.28 0.14 0.56 0.00 1.15 75.82 861.02 38.70 0.00 18.30 2.99
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 52.69
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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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		 0.31 0.12 0.22 0.14 0.20 0.01 0.00 0.00 0.00 0.00 0.21
Long-Term Debt to Equity		 0.30 0.12 0.22 0.14 0.00 0.00 0.00 0.00 0.00 0.00 0.21
Financial Leverage		 0.00 -0.23 -0.15 -0.12 -0.15 -0.37 -0.70 -0.70 -0.67 -0.61 -0.29
Leverage Ratio		 2.12 1.83 1.51 1.29 1.24 1.12 1.15 1.17 1.16 1.18 1.36
Compound Leverage Factor		 2.72 2.38 2.23 -0.28 1.37 1.20 1.13 1.14 0.93 1.02 2.19
Debt to Total Capital		 23.47% 10.61% 18.06% 12.39% 16.81% 0.85% 0.09% 0.05% 0.03% 0.00% 17.58%
Short-Term Debt to Total Capital		 0.52% 0.00% 0.00% 0.00% 16.54% 0.55% 0.03% 0.03% 0.02% 0.00% 0.00%
Long-Term Debt to Total Capital		 22.95% 10.61% 18.06% 12.39% 0.27% 0.30% 0.06% 0.03% 0.00% 0.00% 17.58%
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% 0.85%
Common Equity to Total Capital		 76.53% 89.39% 81.94% 87.61% 83.19% 99.15% 99.91% 99.95% 99.97% 100.00% 81.57%
Debt to EBITDA		 -0.83 -0.46 -1.53 -0.88 -0.82 -0.04 -0.01 0.00 0.00 0.00 11.03
Net Debt to EBITDA		 0.12 1.10 -0.27 1.48 0.18 2.50 8.10 4.52 5.84 2.64 -1.04
Long-Term Debt to EBITDA		 -0.81 -0.46 -1.53 -0.88 -0.01 -0.01 -0.01 0.00 0.00 0.00 11.03
Debt to NOPAT		 -0.66 -0.49 -0.86 -0.57 -0.79 -0.07 -0.01 0.00 0.00 0.00 -7.10
Net Debt to NOPAT		 0.10 1.17 -0.15 0.95 0.17 4.08 9.60 5.64 6.55 3.00 0.67
Long-Term Debt to NOPAT		 -0.65 -0.49 -0.86 -0.57 -0.01 -0.02 -0.01 0.00 0.00 0.00 -7.10
Altman Z-Score		 -5.07 -4.98 -6.24 -4.76 -6.57 48.59 4.36 1.73 0.40 1.15 -0.21
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.50%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.24 0.96 1.58 7.32 1.21 16.88 11.98 16.33 4.23 8.36 1.82
Quick Ratio		 1.01 0.84 1.13 6.48 0.87 15.99 10.90 15.92 3.29 7.87 1.14
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -14 -20 -35 -24 -20 -19 -115 -130 -39 -112 -238
Operating Cash Flow to CapEx		 -1,923.50% -345.50% -1,082.21% -709.85% -349.82% -327.49% -85.03% -52.70% -98.71% -112.33% -44.50%
Free Cash Flow to Firm to Interest Expense		 -1.74 -2.36 -4.48 -4.38 -7.37 -6.66 0.00 -111.38 -18.05 -28.90 -13.58
Operating Cash Flow to Interest Expense		 -3.52 -2.39 -2.62 -2.91 -7.61 -6.84 0.00 -37.97 -24.86 -14.79 -0.76
Operating Cash Flow Less CapEx to Interest Expense		 -3.70 -3.08 -2.86 -3.32 -9.79 -8.93 0.00 -110.02 -50.04 -27.96 -2.48
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.30 0.25 0.27 0.67 0.24 0.05 0.00 0.00 0.03 0.03 0.25
Accounts Receivable Turnover		 16.06 21.66 25.31 83.23 29.48 6.85 0.71 1.62 11.10 6.72 29.72
Inventory Turnover		 9.97 10.66 9.76 11.04 11.54 5.27 2.93 1.91 2.36 2.89 7.23
Fixed Asset Turnover		 0.38 0.36 0.38 0.95 0.37 0.09 0.01 0.01 0.09 0.08 0.56
Accounts Payable Turnover		 4.83 5.42 7.48 9.33 6.95 3.12 0.48 0.33 0.50 0.54 2.91
Days Sales Outstanding (DSO)		 22.72 16.85 14.42 4.39 12.38 53.32 515.31 225.83 32.88 54.31 12.28
Days Inventory Outstanding (DIO)		 36.63 34.24 37.39 33.05 31.63 69.24 124.45 190.89 154.57 126.38 50.48
Days Payable Outstanding (DPO)		 75.63 67.39 48.79 39.11 52.53 117.03 761.93 1,110.15 723.12 680.58 125.28
Cash Conversion Cycle (CCC)		 -16.29 -16.30 3.02 -1.67 -8.52 5.52 -122.17 -693.42 -535.67 -499.89 -62.52
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 44 47 66 68 69 69 142 200 182 230 455
Invested Capital Turnover		 0.63 0.60 0.49 0.98 0.36 0.08 0.01 0.01 0.09 0.08 0.47
Increase / (Decrease) in Invested Capital		 -8.41 3.48 19 1.62 1.74 -0.06 73 58 -18 49 224
Enterprise Value (EV)		 8.30 3.94 15 -4.24 28 431 459 45 -97 310 480
Market Capitalization		 11 24 13 17 31 508 864 451 279 500 485
Book Value per Share		 $2.85 $0.51 $2.91 $10.28 $5.35 $1.22 $2.71 $2.55 $2.32 $2.04 $1.92
Tangible Book Value per Share		 $2.85 $0.51 $2.91 $10.28 $5.35 $1.22 $2.67 $2.52 $2.29 $2.00 $1.35
Total Capital		 63 77 78 101 87 148 548 606 558 490 572
Total Debt		 15 8.22 14 13 15 1.25 0.48 0.32 0.15 0.02 101
Total Long-Term Debt		 14 8.22 14 13 0.23 0.45 0.32 0.16 0.02 0.00 101
Net Debt		 -2.21 -20 2.45 -21 -3.15 -77 -405 -405 -375 -191 -9.43
Capital Expenditures (CapEx)		 1.46 5.94 1.91 2.23 5.96 5.91 57 84 54 51 30
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -12 -29 -5.06 -0.31 2.25 0.81 -22 -15 -81 -12 -45
Debt-free Net Working Capital (DFNWC)		 4.67 -1.34 6.50 33 19 79 320 390 295 179 65
Net Working Capital (NWC)		 4.34 -1.34 6.50 33 4.13 78 319 390 295 179 65
Net Nonoperating Expense (NNE)		 14 20 8.33 5.78 10 21 17 26 8.93 15 18
Net Nonoperating Obligations (NNO)		 -4.82 -22 2.45 -21 -3.15 -77 -405 -405 -375 -259 -16
Total Depreciation and Amortization (D&A)		 10 11 7.60 8.23 8.00 6.67 10 11 19 18 29
Debt-free, Cash-free Net Working Capital to Revenue		 -41.01% -107.41% -18.37% -0.48% 9.18% 14.19% -4,051.97% -1,312.34% -468.09% -68.03% -28.09%
Debt-free Net Working Capital to Revenue		 15.50% -4.93% 23.59% 50.83% 75.75% 1,391.19% 59,963.98% 33,203.83% 1,715.62% 1,060.43% 40.37%
Net Working Capital to Revenue		 14.40% -4.93% 23.59% 50.83% 16.88% 1,377.01% 59,934.33% 33,190.30% 1,714.86% 1,060.30% 40.37%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1,032.00) ($193.60) ($30.20) ($5.74) ($2.35) ($0.71) ($0.30) ($0.44) ($0.28) ($0.34) ($0.14)
Adjusted Weighted Average Basic Shares Outstanding		 58.78K 745.52K 1.13M 11.66M 14.62M 198.17M 201.99M 221.54M 238.69M 231.67M 234.01M
Adjusted Diluted Earnings per Share		 ($1,032.00) ($193.60) ($30.20) ($5.74) ($2.35) ($0.71) ($0.30) ($0.44) ($0.28) ($0.34) ($0.14)
Adjusted Weighted Average Diluted Shares Outstanding		 58.78K 745.52K 1.13M 11.66M 14.62M 198.17M 201.99M 221.54M 238.69M 231.67M 234.01M
Adjusted Basic & Diluted Earnings per Share		 ($1,032.00) ($193.60) ($30.20) ($5.74) ($2.35) ($0.71) ($0.30) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 35.06K 192.37K 814.80K 4.88M 12.18M 56.88M 195.79M 237.17M 240.50M 239.61M 242.82M
Normalized Net Operating Profit after Tax (NOPAT)		 -22 -17 -16 -16 -18 -18 -39 -54 -57 -64 -16
Normalized NOPAT Margin		 -74.16% -61.70% -59.19% -23.64% -75.33% -320.92% -7,240.47% -4,613.33% -333.05% -375.86% -10.16%
Pre Tax Income Margin		 -120.10% -136.80% -89.45% 7.47% -117.04% -706.38% -11,107.50% -8,341.02% -384.97% -464.91% -20.32%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -3.52 -3.33 -2.12 -4.14 -9.48 -13.26 0.00 -85.96 -38.47 -23.33 -1.15
NOPAT to Interest Expense		 -2.79 -1.95 -2.07 -4.08 -6.74 -6.68 0.00 -61.59 -26.51 -16.39 -0.81
EBIT Less CapEx to Interest Expense		 -3.70 -4.02 -2.37 -4.55 -11.66 -15.35 0.00 -158.01 -63.66 -36.50 -2.86
NOPAT Less CapEx to Interest Expense		 -2.97 -2.64 -2.31 -4.49 -8.91 -8.77 0.00 -133.64 -51.69 -29.56 -2.52
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% -4.46%
Augmented Payout Ratio		 -9.72% -8.45% -4.45% -1.40% -0.81% -15.85% -59.04% -11.22% 0.00% -5.99% -4.46%

Quarterly Metrics And Ratios for Gevo

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 240,304,735.00 240,499,833.00 236,232,717.00 239,470,747.00 - 239,609,874.00 239,562,995.00 241,839,083.00 242,308,806.00 242,820,602.00 243,411,329.00
DEI Adjusted Shares Outstanding		 240,304,735.00 240,499,833.00 236,232,717.00 239,470,747.00 - 239,609,874.00 239,562,995.00 241,839,083.00 242,308,806.00 242,820,602.00 243,411,329.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.08 -0.08 -0.09 -0.09 - -0.09 0.01 -0.03 -0.03 -0.09 -0.73
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 702.57% -1.72% 24.12% -56.60% 30.32% 629.55% 725.34% 2,073.54% 695.58% 47.54% 7.11%
EBITDA Growth		 22.43% -12.64% -39.55% -32.22% 25.63% 23.71% 165.63% 119.84% 139.73% 105.83% -1,368.62%
EBIT Growth		 14.84% -9.89% -27.01% -17.00% 14.33% 11.68% 123.93% 85.95% 88.18% 66.96% -3,077.40%
NOPAT Growth		 20.06% -10.95% -27.04% -15.84% 7.93% 12.97% 134.46% 84.63% 88.91% 75.68% -2,173.74%
Net Income Growth		 27.22% -7.13% -45.64% -34.75% 4.71% -15.35% 112.99% 64.19% 65.88% 1.94% -6,558.81%
EPS Growth		 27.27% -14.29% -50.00% -28.57% 0.00% -12.50% 111.11% 66.67% 62.50% 0.00% -7,600.00%
Operating Cash Flow Growth		 -182.54% -83.29% -24.36% -249.29% 42.18% -49.57% 77.96% 38.42% 205.90% 12.09% -228.11%
Free Cash Flow Firm Growth		 104.36% 91.92% -23.53% -1,905.04% -1,958.65% -3,260.06% -320.36% -79.31% -262.50% 87.76% 93.63%
Invested Capital Growth		 -9.13% -3.21% 31.40% 63.57% 26.67% 151.54% 137.32% 79.57% 97.30% 7.04% -20.80%
Revenue Q/Q Growth		 -3.40% -8.78% 31.83% -62.64% 190.08% 410.68% 49.14% -1.62% 6.18% -5.29% 8.27%
EBITDA Q/Q Growth		 -18.33% -1.21% -6.93% -3.25% 33.45% -3.82% 188.64% -68.79% 33.29% -84.78% -20,133.62%
EBIT Q/Q Growth		 -12.33% 0.05% -4.82% 0.58% 17.75% -3.04% 128.41% -158.38% 30.82% -187.99% -2,459.94%
NOPAT Q/Q Growth		 -2.95% -8.45% -3.84% 0.09% 18.17% -2.51% 141.11% -144.57% 40.95% -124.78% -3,405.64%
Net Income Q/Q Growth		 -17.69% -2.15% -11.27% -0.73% 16.78% -23.66% 112.53% -377.65% 20.71% -255.38% -725.54%
EPS Q/Q Growth		 -14.29% 0.00% -12.50% 0.00% 11.11% -12.50% 111.11% -400.00% 0.00% -200.00% -733.33%
Operating Cash Flow Q/Q Growth		 -933.00% 50.67% 28.83% 3.69% -70.99% -27.62% 89.51% -169.07% 394.06% -205.94% 60.86%
Free Cash Flow Firm Q/Q Growth		 -51.67% -383.72% -598.49% -88.46% 50.23% -412.91% 12.62% 19.61% -0.61% 82.68% 54.54%
Invested Capital Q/Q Growth		 6.74% 10.75% 2.98% 34.36% -17.33% 119.93% -2.84% 1.66% -9.17% 19.31% -28.11%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -73.30% 35.16% 34.92% -29.47% -5.88% 26.33% 60.23% 47.82% 46.54% 52.89% 42.58%
EBITDA Margin		 -417.33% -463.03% -375.57% -1,038.07% -238.16% -48.42% 29.86% 9.47% 11.89% 1.91% -353.70%
Operating Margin		 -487.81% -579.97% -456.83% -1,221.78% -344.67% -69.18% 13.35% -8.64% -4.81% -11.40% -369.25%
EBIT Margin		 -524.42% -574.59% -456.88% -1,215.88% -344.75% -69.56% 13.25% -7.86% -5.12% -15.58% -368.29%
Profit (Net Income) Margin		 -422.43% -473.06% -399.28% -1,076.64% -308.89% -74.80% 6.29% -17.74% -13.25% -49.71% -379.05%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 80.55% 82.33% 87.39% 88.55% 89.60% 107.53% 47.44% 225.64% 258.63% 319.15% 102.92%
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)		 -30.74% -33.95% -31.77% -59.35% -19.79% -5.75% 3.06% -1.88% -1.58% -2.65% -103.98%
ROIC Less NNEP Spread (ROIC-NNEP)		 -29.83% -33.21% -30.64% -57.97% -18.58% -0.77% 5.09% 3.11% 1.68% -32.54% -196.05%
Return on Net Nonoperating Assets (RNNOA)		 20.03% 21.23% 20.51% 33.77% 11.26% 0.23% -1.54% -0.64% -0.48% -4.20% -31.39%
Return on Equity (ROE)		 -10.71% -12.72% -11.25% -25.58% -8.53% -5.51% 1.52% -2.51% -2.06% -6.85% -135.37%
Cash Return on Invested Capital (CROIC)		 -20.41% -25.48% -61.33% -77.07% -54.37% -103.57% -93.02% -63.69% -69.59% -7.46% -5.74%
Operating Return on Assets (OROA)		 -13.35% -14.89% -12.83% -29.77% -9.45% -4.46% 1.61% -1.48% -1.26% -4.08% -109.61%
Return on Assets (ROA)		 -10.76% -12.26% -11.22% -26.36% -8.47% -4.80% 0.76% -3.33% -3.27% -13.03% -112.81%
Return on Common Equity (ROCE)		 -10.71% -12.72% -11.25% -25.58% -8.53% -5.49% 1.52% -2.50% -2.05% -6.76% -132.97%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -12.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -15 -16 -17 -17 -14 -14 5.80 -2.58 -1.53 -3.43 -120
NOPAT Margin		 -341.47% -405.98% -319.78% -855.25% -241.27% -48.43% 13.35% -6.05% -3.36% -7.98% -258.48%
Net Nonoperating Expense Percent (NNEP)		 -0.91% -0.74% -1.13% -1.39% -1.22% -4.98% -2.03% -4.99% -3.25% 29.89% 92.07%
Return On Investment Capital (ROIC_SIMPLE)		 -2.68% -2.99% -3.22% -2.94% -2.81% -2.21% 0.94% -0.43% -0.27% -0.56% -27.29%
Cost of Revenue to Revenue		 173.30% 64.84% 65.08% 129.47% 105.88% 73.67% 39.77% 52.18% 53.46% 47.11% 128.38%
SG&A Expenses to Revenue		 245.47% 304.51% 218.88% 594.35% 183.44% 38.08% 24.84% 27.27% 39.00% 37.76% 27.70%
R&D to Revenue		 137.59% 172.11% 178.27% 392.16% -3.65% 20.80% 4.07% 10.54% 8.56% 10.57% 6.11%
Operating Expenses to Revenue		 414.52% 615.14% 491.75% 1,192.32% 338.79% 95.51% 46.88% 56.46% 51.34% 64.30% 340.87%
Earnings before Interest and Taxes (EBIT)		 -23 -23 -24 -24 -20 -20 5.75 -3.36 -2.32 -6.69 -171
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -18 -18 -20 -20 -14 -14 13 4.05 5.39 0.82 -164
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.50 0.34 0.25 0.77 1.02 0.59 0.67 1.01 1.04 1.48 1.34
Price to Tangible Book Value (P/TBV)		 0.51 0.35 0.25 0.79 1.05 0.74 0.88 1.37 1.48 1.93 2.31
Price to Revenue (P/Rev)		 16.21 10.79 7.25 25.04 29.58 6.61 3.94 3.92 3.02 3.80 2.06
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 0.83 1.34 0.76 0.68 1.02 1.06 1.40 1.24
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 14.92 18.30 9.12 4.17 4.24 2.99 4.34 2.72
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 52.69 31.54 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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		 0.00 0.00 0.00 0.13 0.00 0.35 0.29 0.28 0.21 0.37 0.60
Long-Term Debt to Equity		 0.00 0.00 0.00 0.13 0.00 0.31 0.29 0.28 0.21 0.37 0.60
Financial Leverage		 -0.67 -0.64 -0.67 -0.58 -0.61 -0.30 -0.30 -0.20 -0.29 0.13 0.16
Leverage Ratio		 1.16 1.16 1.17 1.18 1.18 1.29 1.32 1.32 1.36 1.43 1.57
Compound Leverage Factor		 0.94 0.96 1.02 1.05 1.06 1.39 0.62 2.97 3.51 4.57 1.61
Debt to Total Capital		 0.03% 0.02% 0.02% 11.71% 0.00% 26.02% 22.54% 22.03% 17.58% 26.83% 37.31%
Short-Term Debt to Total Capital		 0.02% 0.02% 0.02% 0.01% 0.00% 3.10% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 11.70% 0.00% 22.92% 22.54% 22.03% 17.58% 26.83% 37.31%
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% 0.77% 0.91% 0.98% 0.85% 1.12% 1.74%
Common Equity to Total Capital		 99.97% 99.98% 99.98% 88.29% 100.00% 73.21% 76.55% 76.99% 81.57% 72.05% 60.95%
Debt to EBITDA		 0.00 0.00 0.00 -0.87 0.00 -2.44 -3.92 -13.61 11.03 6.94 -1.06
Net Debt to EBITDA		 5.84 4.08 3.44 2.05 2.64 -1.47 -0.36 -3.33 -1.04 3.66 -0.69
Long-Term Debt to EBITDA		 0.00 0.00 0.00 -0.87 0.00 -2.15 -3.92 -13.61 11.03 6.94 -1.06
Debt to NOPAT		 0.00 0.00 0.00 -1.03 0.00 -2.72 -3.44 -5.09 -7.10 -47.92 -1.31
Net Debt to NOPAT		 6.55 4.59 3.96 2.44 3.00 -1.63 -0.31 -1.24 0.67 -25.25 -0.85
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -1.03 0.00 -2.39 -3.44 -5.09 -7.10 -47.92 -1.31
Altman Z-Score		 0.70 -0.03 -0.54 0.86 1.55 -0.82 -0.47 -0.07 -0.13 0.56 -2.54
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.49% 0.57% 0.61% 0.50% 1.28% 1.77%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.23 12.80 10.22 8.25 8.36 2.04 2.33 1.91 1.82 4.31 2.70
Quick Ratio		 3.29 12.38 9.82 7.83 7.87 1.51 0.93 1.12 1.14 3.30 1.86
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 3.35 -9.51 -66 -125 -62 -319 -279 -224 -226 -39 -18
Operating Cash Flow to CapEx		 0.00% -91.81% -124.42% -113.01% -128.83% -412.20% -48.10% -86.67% 178.07% -238.20% -66.23%
Free Cash Flow to Firm to Interest Expense		 6.14 -17.54 -59.67 -113.06 -55.76 -96.98 -64.25 -43.10 -47.90 -2.53 -3.16
Operating Cash Flow to Interest Expense		 -59.69 -29.66 -10.28 -9.95 -16.87 -7.30 -0.58 -1.30 4.23 -1.37 -1.47
Operating Cash Flow Less CapEx to Interest Expense		 -46.95 -61.97 -18.54 -18.76 -29.96 -9.07 -1.79 -2.81 1.86 -1.94 -3.69
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.02 0.03 0.06 0.12 0.19 0.25 0.26 0.30
Accounts Receivable Turnover		 11.10 10.25 11.02 8.53 6.72 5.91 12.05 26.42 29.72 16.24 15.44
Inventory Turnover		 2.36 3.59 4.10 3.38 2.89 3.00 4.39 4.64 7.23 4.38 6.98
Fixed Asset Turnover		 0.09 0.08 0.08 0.07 0.08 0.15 0.28 0.43 0.56 0.50 0.61
Accounts Payable Turnover		 0.50 0.63 0.72 0.59 0.54 1.23 1.34 1.94 2.91 3.07 3.29
Days Sales Outstanding (DSO)		 32.88 35.62 33.11 42.77 54.31 61.80 30.29 13.81 12.28 22.48 23.64
Days Inventory Outstanding (DIO)		 154.57 101.62 88.94 107.84 126.38 121.52 83.22 78.61 50.48 83.35 52.30
Days Payable Outstanding (DPO)		 723.12 581.96 507.25 614.11 680.58 297.61 272.51 188.16 125.28 118.83 110.89
Cash Conversion Cycle (CCC)		 -535.67 -444.73 -385.20 -463.50 -499.89 -114.29 -159.01 -95.75 -62.52 -13.00 -34.95
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 182 202 208 279 230 507 492 501 455 543 390
Invested Capital Turnover		 0.09 0.08 0.10 0.07 0.08 0.12 0.23 0.31 0.47 0.33 0.40
Increase / (Decrease) in Invested Capital		 -18 -6.69 50 108 49 305 285 222 224 36 -102
Enterprise Value (EV)		 -97 -86 -115 233 310 383 335 513 480 758 482
Market Capitalization		 279 185 132 390 500 278 316 474 485 663 365
Book Value per Share		 $2.32 $2.25 $2.21 $2.11 $2.04 $1.96 $1.98 $2.02 $1.92 $1.84 $1.12
Tangible Book Value per Share		 $2.29 $2.23 $2.19 $2.06 $2.00 $1.57 $1.50 $1.49 $1.35 $1.42 $0.65
Total Capital		 558 542 523 572 490 642 619 609 572 621 448
Total Debt		 0.15 0.12 0.09 67 0.02 167 140 134 101 167 167
Total Long-Term Debt		 0.02 0.00 0.00 67 0.00 147 140 134 101 167 167
Net Debt		 -375 -271 -247 -158 -191 100 13 33 -9.43 88 109
Capital Expenditures (CapEx)		 -6.96 18 9.20 9.75 15 5.83 5.24 7.83 11 8.88 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -81 -10 -14 -17 -12 6.01 -30 -36 -45 10 5.81
Debt-free Net Working Capital (DFNWC)		 295 260 233 208 179 73 97 65 65 89 64
Net Working Capital (NWC)		 295 260 233 208 179 53 97 65 65 89 64
Net Nonoperating Expense (NNE)		 3.54 2.68 4.18 4.35 3.85 7.68 3.07 4.99 4.48 18 56
Net Nonoperating Obligations (NNO)		 -375 -340 -315 -226 -259 32 13 26 -16 88 109
Total Depreciation and Amortization (D&A)		 4.68 4.45 4.28 3.49 6.08 6.16 7.21 7.40 7.72 7.51 6.78
Debt-free, Cash-free Net Working Capital to Revenue		 -468.09% -60.05% -78.36% -107.15% -68.03% 14.29% -37.03% -30.03% -28.09% 5.77% 3.27%
Debt-free Net Working Capital to Revenue		 1,715.62% 1,519.88% 1,283.29% 1,334.35% 1,060.43% 173.15% 121.23% 53.79% 40.37% 51.01% 36.03%
Net Working Capital to Revenue		 1,714.86% 1,519.19% 1,282.81% 1,334.01% 1,060.30% 125.75% 121.23% 53.79% 40.37% 51.01% 36.03%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.08) ($0.08) ($0.09) ($0.09) ($0.08) ($0.09) $0.01 ($0.03) ($0.03) ($0.09) ($0.75)
Adjusted Weighted Average Basic Shares Outstanding		 238.69M 240.84M 239.01M 239.45M 231.67M 232.03M 232.95M 232.68M 234.01M 236.84M 237.05M
Adjusted Diluted Earnings per Share		 ($0.08) ($0.08) ($0.09) ($0.09) ($0.08) ($0.09) $0.01 ($0.03) ($0.03) ($0.09) ($0.75)
Adjusted Weighted Average Diluted Shares Outstanding		 238.69M 240.84M 239.01M 239.45M 231.67M 232.03M 236.84M 232.68M 234.01M 236.84M 237.05M
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		 240.50M 236.23M 239.47M 239.41M 239.61M 239.56M 241.84M 242.31M 242.82M 243.41M 247.24M
Normalized Net Operating Profit after Tax (NOPAT)		 -15 -16 -17 -17 -14 -14 4.06 -2.58 -1.53 -3.43 -25
Normalized NOPAT Margin		 -341.47% -405.98% -319.78% -855.25% -241.27% -48.43% 9.35% -6.05% -3.36% -7.98% -53.75%
Pre Tax Income Margin		 -422.43% -473.06% -399.28% -1,076.64% -308.89% -74.80% 6.29% -17.74% -13.25% -49.71% -379.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -42.01 -42.30 -21.59 -21.58 -17.59 -6.15 1.32 -0.64 -0.49 -0.43 -30.41
NOPAT to Interest Expense		 -27.36 -29.89 -15.11 -15.18 -12.31 -4.28 1.33 -0.50 -0.32 -0.22 -21.35
EBIT Less CapEx to Interest Expense		 -29.27 -74.61 -29.85 -30.39 -30.69 -7.92 0.12 -2.15 -2.87 -1.01 -32.63
NOPAT Less CapEx to Interest Expense		 -14.61 -62.20 -23.37 -23.99 -25.41 -6.05 0.13 -2.00 -2.70 -0.80 -23.56
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -4.46% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -2.07% -5.49% -5.92% -5.99% 0.00% -1.12% 0.00% -4.46% 0.00% -0.28%

Financials Breakdown Chart

Key Financial Trends

Gevo’s latest quarter shows a mixed picture: revenue improved sharply year over year, but the company remained deeply unprofitable and continued to burn cash. The balance sheet still has meaningful liquidity, but that cushion has been shrinking over the past year as Gevo funds operations, capital spending, and debt service.

  • Revenue rebounded strongly year over year. Q1 2026 revenue was $42.9 million, up from $29.1 million in Q1 2025, showing solid top-line growth.
  • Gross profit improved materially. Gross profit rose to $22.7 million in Q1 2026 from $7.7 million a year ago, helped by better revenue and cost leverage.
  • Operating cash flow improved versus last year. Q1 2026 operating cash outflow was $21.1 million, better than the $24.0 million outflow in Q1 2025.
  • Cash balance remains substantial. Gevo ended Q1 2026 with $78.9 million in cash and equivalents, which still provides near-term flexibility.
  • Short-term revenue trend is much better than the 2024 baseline. Quarterly revenue in 2025–2026 has generally been far above the very weak levels seen in 2024.
  • Q1 2026 still posted a loss. Net loss was $21.4 million, essentially flat with the prior-year period on a per-share basis at $(0.09) EPS.
  • Depreciation remains a large non-cash add-back. Q1 2026 depreciation was $6.9 million, reflecting a capital-intensive asset base.
  • Capex is ongoing. Gevo spent $8.9 million on property, plant and equipment in Q1 2026, indicating continued investment needs.
  • Balance sheet equity remains positive. Total common equity was $447.7 million at quarter-end, although that includes significant contributed capital and accumulated losses.
  • Interest expense is still a major burden. Q1 2026 interest expense was $15.5 million, which exceeded gross profit and weighed heavily on results.
  • Operating losses continue despite better revenue. Gevo reported an operating loss of $4.9 million in Q1 2026 and has not yet reached consistent operating profitability.
  • Cash declined sharply from the prior quarter. Cash and equivalents fell from $119.6 million at the end of Q4 2025 to $78.9 million in Q1 2026, a drop of about $40.7 million when including the company’s cash flow changes.
  • Debt remains significant. Long-term debt was $166.8 million at Q1 2026, up from $134.2 million at Q3 2025 and still a meaningful fixed obligation.
  • There is little evidence yet of sustained free cash flow generation. Over the last several years, Gevo has consistently used cash rather than generated it.

Longer-term trend: Gevo has made real progress on revenue since early 2024, but the company’s financial profile remains that of a cash-consuming business with elevated debt and recurring losses. The most encouraging development is the jump in sales and gross profit, while the biggest concern is that interest expense and operating costs still absorb most of the improvement.

Bottom line for investors: Gevo is showing operational traction, but it is not yet demonstrating durable profitability or self-funding cash flow. The stock likely remains highly sensitive to execution, financing needs, and whether revenue growth can outpace its cost structure and debt load.

08/21/26 09:22 PM ETAI Generated. May Contain Errors.

Gevo Financials - Frequently Asked Questions

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

Gevo's net income appears to be on an upward trend, with a most recent value of -$32.63 million in 2025, falling from -$36.19 million in 2015. The previous period was -$78.64 million in 2024. View Gevo's forecast to see where analysts expect Gevo to go next.

Gevo's total operating income in 2025 was -$20.21 million, based on the following breakdown:
  • Total Gross Profit: $75.34 million
  • Total Operating Expenses: $95.55 million

Over the last 10 years, Gevo's total revenue changed from $30.14 million in 2015 to $160.58 million in 2025, a change of 432.8%.

Gevo's total liabilities were at $247.76 million at the end of 2025, a 162.3% increase from 2024, and a 354.6% increase since 2015.

In the past 10 years, Gevo's cash and equivalents has ranged from $11.55 million in 2017 to $298.35 million in 2023, and is currently $81.16 million as of their latest financial filing in 2025.

Over the last 10 years, Gevo's book value per share changed from 2.85 in 2015 to 1.92 in 2025, a change of -32.5%.


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Financial statements for NASDAQ:GEVO last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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