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Side-by-side financial comparison of AEMETIS, INC (AMTX) and Core Scientific, Inc. (CORZ). Click either name above to swap in a different company.
Core Scientific, Inc. is the larger business by last-quarter revenue ($79.8M vs $43.3M, roughly 1.8× AEMETIS, INC). On growth, AEMETIS, INC posted the faster year-over-year revenue change (-7.9% vs -16.0%). AEMETIS, INC produced more free cash flow last quarter ($-10.8M vs $-450.8M). Over the past eight quarters, AEMETIS, INC's revenue compounded faster (-22.8% CAGR vs -33.3%).
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.
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
AMTX vs CORZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $79.8M |
| Net Profit | — | $214.2M |
| Gross Margin | 17.8% | 26.0% |
| Operating Margin | -5.7% | -149.5% |
| Net Margin | — | 268.5% |
| Revenue YoY | -7.9% | -16.0% |
| Net Profit YoY | — | 180.6% |
| EPS (diluted) | $-0.03 | $-1.63 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $43.3M | $79.8M | ||
| Q3 25 | $59.2M | $81.1M | ||
| Q2 25 | $52.2M | $78.6M | ||
| Q1 25 | $42.9M | $79.5M | ||
| Q4 24 | $47.0M | $94.9M | ||
| Q3 24 | $81.4M | $95.4M | ||
| Q2 24 | $66.6M | $141.1M | ||
| Q1 24 | $72.6M | $179.3M |
| Q4 25 | — | $214.2M | ||
| Q3 25 | $-23.7M | $-144.0M | ||
| Q2 25 | $-23.4M | $-936.8M | ||
| Q1 25 | $-24.5M | $576.3M | ||
| Q4 24 | — | $-265.5M | ||
| Q3 24 | $-17.9M | $-455.3M | ||
| Q2 24 | $-29.2M | $-902.2M | ||
| Q1 24 | $-24.2M | $210.7M |
| Q4 25 | 17.8% | 26.0% | ||
| Q3 25 | -0.1% | 4.8% | ||
| Q2 25 | -6.4% | 6.4% | ||
| Q1 25 | -11.8% | 10.3% | ||
| Q4 24 | -4.3% | 5.0% | ||
| Q3 24 | 4.8% | -0.2% | ||
| Q2 24 | -2.7% | 27.5% | ||
| Q1 24 | -0.8% | 43.3% |
| Q4 25 | -5.7% | -149.5% | ||
| Q3 25 | -14.4% | -67.6% | ||
| Q2 25 | -20.4% | -33.4% | ||
| Q1 25 | -36.3% | -59.1% | ||
| Q4 24 | -28.7% | -41.9% | ||
| Q3 24 | -4.8% | -43.2% | ||
| Q2 24 | -20.4% | -64.3% | ||
| Q1 24 | -13.0% | 30.8% |
| Q4 25 | — | 268.5% | ||
| Q3 25 | -40.1% | -177.6% | ||
| Q2 25 | -44.8% | -1191.4% | ||
| Q1 25 | -57.2% | 724.6% | ||
| Q4 24 | — | -279.7% | ||
| Q3 24 | -22.0% | -477.4% | ||
| Q2 24 | -43.8% | -639.4% | ||
| Q1 24 | -33.4% | 117.5% |
| Q4 25 | $-0.03 | $-1.63 | ||
| Q3 25 | $-0.37 | $-0.45 | ||
| Q2 25 | $-0.41 | $-0.04 | ||
| Q1 25 | $-0.47 | $1.24 | ||
| Q4 24 | $-0.29 | $0.51 | ||
| Q3 24 | $-0.38 | $-1.17 | ||
| Q2 24 | $-0.66 | $-5.05 | ||
| Q1 24 | $-0.58 | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $311.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $-962.7M |
| Total Assets | $259.8M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $311.4M | ||
| Q3 25 | $5.6M | $453.4M | ||
| Q2 25 | $1.6M | $581.3M | ||
| Q1 25 | $499.0K | $697.9M | ||
| Q4 24 | $898.0K | $836.2M | ||
| Q3 24 | $296.0K | $253.0M | ||
| Q2 24 | $234.0K | $96.1M | ||
| Q1 24 | $1.6M | $98.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $338.1M | — | ||
| Q3 24 | $322.2M | — | ||
| Q2 24 | $309.0M | — | ||
| Q1 24 | $307.2M | — |
| Q4 25 | $-306.8M | $-962.7M | ||
| Q3 25 | $-304.9M | $-1.3B | ||
| Q2 25 | $-289.3M | $-1.2B | ||
| Q1 25 | $-280.7M | $-308.8M | ||
| Q4 24 | $-263.9M | $-943.0M | ||
| Q3 24 | $-258.9M | $-826.7M | ||
| Q2 24 | $-249.0M | $-1.2B | ||
| Q1 24 | $-232.1M | $-318.5M |
| Q4 25 | $259.8M | $2.3B | ||
| Q3 25 | $241.1M | $2.2B | ||
| Q2 25 | $240.0M | $1.9B | ||
| Q1 25 | $242.5M | $1.5B | ||
| Q4 24 | $259.3M | $1.5B | ||
| Q3 24 | $259.3M | $824.6M | ||
| Q2 24 | $259.3M | $664.2M | ||
| Q1 24 | $259.3M | $814.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.8M | $278.3M |
| Free Cash FlowOCF − Capex | $-10.8M | $-450.8M |
| FCF MarginFCF / Revenue | -24.9% | -565.1% |
| Capex IntensityCapex / Revenue | 38.2% | 914.0% |
| Cash ConversionOCF / Net Profit | — | 1.30× |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $-779.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $278.3M | ||
| Q3 25 | $3.1M | $131.8M | ||
| Q2 25 | $-5.7M | $34.0M | ||
| Q1 25 | $160.0K | $-45.0M | ||
| Q4 24 | $-12.6M | $42.9M | ||
| Q3 24 | $-5.0M | $5.7M | ||
| Q2 24 | $-5.1M | $1.2M | ||
| Q1 24 | $-10.3M | $22.2M |
| Q4 25 | $-10.8M | $-450.8M | ||
| Q3 25 | $-1.0M | $-112.7M | ||
| Q2 25 | $-9.3M | $-87.3M | ||
| Q1 25 | $-1.7M | $-129.0M | ||
| Q4 24 | $-19.4M | $-52.1M | ||
| Q3 24 | $-9.5M | $-25.5M | ||
| Q2 24 | $-10.5M | $-1.9M | ||
| Q1 24 | $-13.9M | $-9.7M |
| Q4 25 | -24.9% | -565.1% | ||
| Q3 25 | -1.7% | -139.0% | ||
| Q2 25 | -17.7% | -111.0% | ||
| Q1 25 | -3.9% | -162.2% | ||
| Q4 24 | -41.2% | -54.8% | ||
| Q3 24 | -11.6% | -26.7% | ||
| Q2 24 | -15.8% | -1.4% | ||
| Q1 24 | -19.1% | -5.4% |
| Q4 25 | 38.2% | 914.0% | ||
| Q3 25 | 6.9% | 301.5% | ||
| Q2 25 | 6.7% | 154.2% | ||
| Q1 25 | 4.3% | 105.6% | ||
| Q4 24 | 14.4% | 100.0% | ||
| Q3 24 | 5.5% | 32.7% | ||
| Q2 24 | 8.1% | 2.2% | ||
| Q1 24 | 4.9% | 17.8% |
| Q4 25 | — | 1.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
