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Side-by-side financial comparison of AEMETIS, INC (AMTX) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $43.3M, roughly 1.2× AEMETIS, INC). On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -7.9%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-10.8M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -22.8%).
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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
AMTX vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $51.6M |
| Net Profit | — | $34.8M |
| Gross Margin | 17.8% | — |
| Operating Margin | -5.7% | 97.0% |
| Net Margin | — | 67.3% |
| Revenue YoY | -7.9% | 32.8% |
| Net Profit YoY | — | 67.0% |
| EPS (diluted) | $-0.03 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $59.2M | $49.1M | ||
| Q2 25 | $52.2M | $47.6M | ||
| Q1 25 | $42.9M | $37.5M | ||
| Q4 24 | $47.0M | $38.9M | ||
| Q3 24 | $81.4M | $35.1M | ||
| Q2 24 | $66.6M | $32.4M | ||
| Q1 24 | $72.6M | $29.5M |
| Q4 25 | — | $34.8M | ||
| Q3 25 | $-23.7M | $25.4M | ||
| Q2 25 | $-23.4M | $26.0M | ||
| Q1 25 | $-24.5M | $18.9M | ||
| Q4 24 | — | $20.8M | ||
| Q3 24 | $-17.9M | $15.8M | ||
| Q2 24 | $-29.2M | $14.8M | ||
| Q1 24 | $-24.2M | $17.3M |
| Q4 25 | 17.8% | — | ||
| Q3 25 | -0.1% | — | ||
| Q2 25 | -6.4% | — | ||
| Q1 25 | -11.8% | — | ||
| Q4 24 | -4.3% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | -2.7% | — | ||
| Q1 24 | -0.8% | — |
| Q4 25 | -5.7% | 97.0% | ||
| Q3 25 | -14.4% | 72.1% | ||
| Q2 25 | -20.4% | 71.3% | ||
| Q1 25 | -36.3% | 71.7% | ||
| Q4 24 | -28.7% | 82.5% | ||
| Q3 24 | -4.8% | 60.6% | ||
| Q2 24 | -20.4% | 61.3% | ||
| Q1 24 | -13.0% | 78.8% |
| Q4 25 | — | 67.3% | ||
| Q3 25 | -40.1% | 51.7% | ||
| Q2 25 | -44.8% | 54.6% | ||
| Q1 25 | -57.2% | 50.4% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | -22.0% | 45.1% | ||
| Q2 24 | -43.8% | 45.6% | ||
| Q1 24 | -33.4% | 58.5% |
| Q4 25 | $-0.03 | $0.90 | ||
| Q3 25 | $-0.37 | $0.65 | ||
| Q2 25 | $-0.41 | $0.69 | ||
| Q1 25 | $-0.47 | $0.51 | ||
| Q4 24 | $-0.29 | $0.56 | ||
| Q3 24 | $-0.38 | $0.44 | ||
| Q2 24 | $-0.66 | $0.42 | ||
| Q1 24 | $-0.58 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $672.5M |
| Total Assets | $259.8M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $92.1M | ||
| Q3 25 | $5.6M | $99.0M | ||
| Q2 25 | $1.6M | $79.6M | ||
| Q1 25 | $499.0K | $51.7M | ||
| Q4 24 | $898.0K | $49.9M | ||
| Q3 24 | $296.0K | $44.1M | ||
| Q2 24 | $234.0K | $47.4M | ||
| Q1 24 | $1.6M | $34.8M |
| 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 | $672.5M | ||
| Q3 25 | $-304.9M | $634.3M | ||
| Q2 25 | $-289.3M | $597.9M | ||
| Q1 25 | $-280.7M | $563.2M | ||
| Q4 24 | $-263.9M | $516.9M | ||
| Q3 24 | $-258.9M | $484.6M | ||
| Q2 24 | $-249.0M | $471.3M | ||
| Q1 24 | $-232.1M | $452.9M |
| Q4 25 | $259.8M | $7.4B | ||
| Q3 25 | $241.1M | $7.0B | ||
| Q2 25 | $240.0M | $6.5B | ||
| Q1 25 | $242.5M | $6.0B | ||
| Q4 24 | $259.3M | $5.5B | ||
| Q3 24 | $259.3M | $5.2B | ||
| Q2 24 | $259.3M | $4.9B | ||
| Q1 24 | $259.3M | $4.6B |
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 | $18.2M |
| Free Cash FlowOCF − Capex | $-10.8M | $17.9M |
| FCF MarginFCF / Revenue | -24.9% | 34.6% |
| Capex IntensityCapex / Revenue | 38.2% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $18.2M | ||
| Q3 25 | $3.1M | $11.5M | ||
| Q2 25 | $-5.7M | $7.7M | ||
| Q1 25 | $160.0K | $3.5M | ||
| Q4 24 | $-12.6M | $37.8M | ||
| Q3 24 | $-5.0M | $-17.6M | ||
| Q2 24 | $-5.1M | $11.5M | ||
| Q1 24 | $-10.3M | $10.6M |
| Q4 25 | $-10.8M | $17.9M | ||
| Q3 25 | $-1.0M | $11.4M | ||
| Q2 25 | $-9.3M | $7.6M | ||
| Q1 25 | $-1.7M | $3.5M | ||
| Q4 24 | $-19.4M | $37.5M | ||
| Q3 24 | $-9.5M | $-17.6M | ||
| Q2 24 | $-10.5M | $11.4M | ||
| Q1 24 | $-13.9M | $10.5M |
| Q4 25 | -24.9% | 34.6% | ||
| Q3 25 | -1.7% | 23.2% | ||
| Q2 25 | -17.7% | 15.9% | ||
| Q1 25 | -3.9% | 9.2% | ||
| Q4 24 | -41.2% | 96.4% | ||
| Q3 24 | -11.6% | -50.3% | ||
| Q2 24 | -15.8% | 35.1% | ||
| Q1 24 | -19.1% | 35.8% |
| Q4 25 | 38.2% | 0.5% | ||
| Q3 25 | 6.9% | 0.1% | ||
| Q2 25 | 6.7% | 0.2% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 14.4% | 0.7% | ||
| Q3 24 | 5.5% | 0.2% | ||
| Q2 24 | 8.1% | 0.3% | ||
| Q1 24 | 4.9% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
