AEMETIS, INCAMTXEarnings & Financial Report
Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial clients.
Revenue
$81.4M
Gross Profit
$3.9M
Operating Profit
$-3.9M
Net Profit
$-17.9M
Gross Margin
4.8%
Operating Margin
-4.8%
Net Margin
-22.0%
YoY Growth
18.6%
EPS
$-0.38
AEMETIS, INC Q3 FY2024 Financial Summary
AEMETIS, INC reported revenue of $81.4M (up 18.6% YoY) for Q3 FY2024, with a net profit of $-17.9M (down 158.4% YoY) (-22.0% margin). Cost of goods sold was $77.6M, operating expenses totaled $7.8M.
Key Financial Metrics
| Total Revenue | $81.4M |
|---|---|
| Net Profit | $-17.9M |
| Gross Margin | 4.8% |
| Operating Margin | -4.8% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
AEMETIS, INC Q3 FY2024 revenue of $81.4M breaks down across 5 segments, led by Ethanol Sales at $33.9M (41.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Ethanol Sales | $33.9M | 41.7% |
| India Biodiesel | $32.3M | 39.6% |
| Wet Distillers Grains | $9.0M | 11.0% |
| California Dairy Renewable Natural Gas | $4.3M | 5.2% |
| Other | $2.0M | 2.5% |
AEMETIS, INC Revenue by Segment — Quarterly Trend
AEMETIS, INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Ethanol Sales and India Biodiesel) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Ethanol Sales | $28.8M | $31.3M | $27.7M | $28.1M |
| India Biodiesel | — | — | $11.9M | $2.7M |
| Wet Distillers Grains | $6.8M | $7.3M | $7.8M | $8.0M |
| California Dairy Renewable Natural Gas | $5.2M | $4.0M | $3.1M | $2.4M |
| Other | $1.8M | — | — | — |
AEMETIS, INC Annual Revenue by Year
AEMETIS, INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $197.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $197.6M |
| 2024 | $267.6M |
| 2023 | $186.7M |
| 2022 | $256.5M |
AEMETIS, INC Quarterly Revenue & Net Profit History
AEMETIS, INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $43.3M | -7.9% | N/A | N/A |
| Q3 FY2025 | $59.2M | -27.3% | $-23.7M | -40.1% |
| Q2 FY2025 | $52.2M | -21.5% | $-23.4M | -44.8% |
| Q1 FY2025 | $42.9M | -41.0% | $-24.5M | -57.2% |
| Q4 FY2024 | $47.0M | -33.6% | N/A | N/A |
| Q3 FY2024 | $81.4M | +18.6% | $-17.9M | -22.0% |
| Q2 FY2024 | $66.6M | +47.5% | $-29.2M | -43.8% |
| Q1 FY2024 | $72.6M | +3276.8% | $-24.2M | -33.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $72.6M | $66.6M | $81.4M | $47.0M | $42.9M | $52.2M | $59.2M | $43.3M |
| YoY Growth | 3276.8% | 47.5% | 18.6% | -33.6% | -41.0% | -21.5% | -27.3% | -7.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $259.3M | $259.3M | $259.3M | $259.3M | $242.5M | $240.0M | $241.1M | $259.8M |
| Liabilities | $491.4M | $508.3M | $518.2M | $523.2M | $523.2M | $529.3M | $546.0M | $566.7M |
| Equity | $-232.1M | $-249.0M | $-258.9M | $-263.9M | $-280.7M | $-289.3M | $-304.9M | $-306.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-10.3M | $-5.1M | $-5.0M | $-12.6M | $160000 | $-5.7M | $3.1M | $5.8M |